Skip Ribbon Commands
Skip to main content
FacebookTwitterYoutube
Tect Trends and Resources for the Independent Agent

News & Views

for the week of Jan 1

Insight + Analysis for the Independent Agent

Big ‘I’ Submits Comments on FHA Private Flood Insurance Rule
Big ‘I’ Submits Comments on FHA Private Flood Insurance Rule
The proposed rule would allow consumers to purchase a private flood insurance option instead of insurance through the National Flood Insurance Program when flood insurance is required by the Federal Housing Administration.

Advertisement

Allstate to Sell Life Insurance Business in $2.8 Billion Deal
Allstate President and CEO Tom Wilson highlighted the need to release capital to pursue growth in the personal lines property-casualty market. 
Can Employers Require Employees to Receive COVID-19 Vaccinations?
Can Employers Require Employees to Receive COVID-19 Vaccinations?
States across the country are in varying stages of vaccination and while the question of whether employers can require a COVID-19 vaccine isn't imminent for most businesses, now is the time to think about your strategy.
1 in 3 US Homes Exposed to High Natural Hazard Risk
1 in 3 US Homes Exposed to High Natural Hazard Risk
Data shows 35 million U.S. homes are exposed to high natural hazard risk levels, according to CoreLogic's 2020 Catastrophe Report. And while the report looks at severity and frequency of damage caused by seven natural perils, it points to rising flood water as the No. 1 peril for most U.S. homes.
Subrogation: Giving Insureds a Competitive Advantage
Subrogation: Giving Insureds a Competitive Advantage
Subrogation, recovering sustained damages from a negligent party, is an often-overlooked service to secure customer retention and reduce risk. Here are three ways to help clients maximize their subrogation recoveries.
The Missing Ingredient: What Buyers Crave, Resist and Rarely Get
The Missing Ingredient: What Buyers Crave, Resist and Rarely Get
In every commercial insurance transaction, there is a buyer and a seller working towards the common goal of protection for a risk. Too often this transaction is flawed. Here's some reasons why.
To Be Discontinued: Is an ‘Occurrence’ the Date of Installation or Injury?
To Be Discontinued: Is an ‘Occurrence’ the Date of Installation or Injury?
A pool contractor is insured on a commercial general liability occurrence form and is selling the business. If they cancel the CGL and a claim arises in 2021 but the pool was built in 2020, would the 2020 policy respond?
line divider
Trusted Choice® COVID-19 Relief Fund Is Open
Members interested in receiving a grant should complete an application online and be sure to include documentation to support their request.
Feb. 10 Webinar on Customer Data
Learn new ways to increase retention and customer satisfaction by using agency data to understand customer needs.
New Year, New Hires?
Big "I" Hires is offering incentive discounts to help with hiring and HR needs.
New Trusted Choice® Social Media Calendar Online
The calendar includes ready-to-post content focused on winter home maintenance trends, protection for jewelry purchases, heart health and much more.
Access Surety Bonds with Goldleaf
Goldleaf has excellent market capacity for bid, performance and payment bonds on all types of contract obligations.
New Phishing Coverage Available via Coalition
The new endorsement provides coverage when an attacker impersonates an insured in electronic communications to trick the insured’s customers into paying the attacker.
President Biden Unveils COVID-19 Relief Plan
President Biden Unveils COVID-19 Relief Plan
President Biden outlined his “American Rescue Plan” providing further COVID-19 relief to the nation. The proposal provides an additional $1.9 trillion in relief, including an additional $50 billion to small businesses.

Advertisement

InsurTech Acquisitions Mark the Digital Age with a Bang
Digital acceleration in the independent agency channel stepped up a gear with the announcement of two high-profile InsurTech acquisitions last week.
Student of the Industry: Is Surplus Lines on a Tear?
Student of the Industry: Is Surplus Lines on a Tear?
Growth rates for surplus lines insurers have averaged 8.8% over the past five years. In contrast, the total property-casualty market grew at a rate of 4.7%. And surplus lines growth appears to be accelerating.
3 Questions to Focus Your Agency’s Marketing Strategy
3 Questions to Focus Your Agency’s Marketing Strategy
Access to the right marketing can be the difference between reaching your target audience and missing the mark altogether. Here are three key elements to developing a marketing plan.
Opportunities Abound for Future-Minded Agencies
Opportunities Abound for Future-Minded Agencies
The independent agency channel is at an inflection point, and future-minded agencies will choose to evolve. Here are four key pillars agencies should look to when creating a transformation action plan.
Business Income Loss: Is an Endorsement Considered Part of the Policy?
Business Income Loss: Is an Endorsement Considered Part of the Policy?
An insured lost income due to an ice storm. Their commercial property policy has an enhancement for business income and extra expense. The claim was denied as coverage isn't "included in the policy."
line divider
Refresh Your Social Media Strategy
Is your agency ready to kick off the year with a strong social media strategy? Whether you’re aiming for a refresh or are just getting started, Trusted Choice® has you covered.
image 
 
​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

Follow Us!


​Empowering Trusted Choice®
Independent Insurance Agents.