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Tect Trends and Resources for the Independent Agent

News & Views

for the week of Mar 1

Insight + Analysis for the Independent Agent

8 Issues Big ‘I’ Members Will Champion During the Legislative Conference
8 Issues Big ‘I’ Members Will Champion During the Legislative Conference
Big "I" members will have the opportunity to discuss issues such as small business tax fairness, future pandemic response, and more in virtual meetings with members of Congress.

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CNA Disconnects Systems After ‘Sophisticated Cyberattack’
CNA revealed it sustained a cyberattack on Sunday evening which caused network disruption and impacted certain systems, including corporate email. Currently, it is not clear if the company’s data has been affected.
Big 'I' Provides Summary of New Health Insurance Compensation Disclosure Requirements
Big 'I' Provides Summary of New Health Insurance Compensation Disclosure Requirements
The Big “I” intends to seek additional clarity and guidance from federal regulators concerning compliance with these new disclosure obligations and will provide additional information as the effective date approaches.
Senate Passes Bipartisan Legislation to Extend PPP Deadline
Senate Passes Bipartisan Legislation to Extend PPP Deadline
The Big “I" strongly supported congressional passage of the Paycheck Protection Program Extension Act, which the U.S. Senate passed earlier today. The bill now heads to President Biden's desk where he is expected to sign the bill into law.
SAFE Banking Act Introduced in Senate
SAFE Banking Act Introduced in Senate
The legislation attempts to reconcile federal law with conflicting cannabis-related state laws by providing a federal safe harbor to financial services providers including insurers, agents and brokers.
Women Insurance Leaders: Beth Riczko
"Organizations are increasingly willing to capture the data and hold leaders accountable for making real change," says Beth Riczko, president, property-casualty personal lines, Nationwide. "Data—and the discussion and action it engenders—is the light that can shine into the darkness on these issues."
Student of the Industry: How Much Do Insurers Pay for Their Insurance?
Student of the Industry: How Much Do Insurers Pay for Their Insurance?
Do property-casualty insurers really buy insurance from other insurers? Yes, they do—$700 million of it. Could one be your next client?
Can an Insured Dispute a Carrier’s ACV Appraisal of a Vehicle?
Can an Insured Dispute a Carrier’s ACV Appraisal of a Vehicle?
The carrier says that a totaled food truck, which is two years old and has driven 22,000 miles, has depreciated over 30%. It bases the price on a "market survey." Can the insured dispute the appraisal based on actual physical depreciation?
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Trusted Choice® Marketing Available in Spanish
The new marketing campaign, "The Big Picture," is available in English and Spanish and showcases how independent agents offer trusted advice for a wide range of needs.
Personal Lines Market Access Options
Need market access for standard personal lines? Look no further than Big “I" Markets.
Trusted Choice® Website Features Social Sharing
With the new Trusted Choice® website, share graphics, videos and more from the content-to-share library right to Facebook or Twitter.
Team Up with Goldleaf for Surety Bonds
As your bonding professional, Goldleaf can give your agency the bonding experience you need, allowing you to build relationships with customers.
Medicare for All Reintroduced in the House with Significant Democratic Support
Medicare for All Reintroduced in the House with Significant Democratic Support
The legislation would replace the current employer-sponsored healthcare system and force all Americans into a one-size-fits-all, government-run Medicare-type program.

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FOX’s Bill Hemmer to Address Big ‘I’ Members
The FOX News anchor will discuss the current political landscape at the Big “I” Virtual Legislative Conference.
House Passes Legislation to Extend PPP Deadline
House Passes Legislation to Extend PPP Deadline
The legislation extends the Paycheck Protection Program to May 31 and provides an additional 30 days for the U.S. Small Business Administration to process loans submitted prior to the new deadline.
Cannabis Legislation Introduced in Congress
Cannabis Legislation Introduced in Congress
The legislation would prevent criminal prosecution and civil liability against agents and brokers who choose to engage with cannabis-related legitimate businesses.
Top 3 Reasons Why People Leave the Insurance Industry
Top 3 Reasons Why People Leave the Insurance Industry
Compensation, work-life balance and benefits are the most frequently cited reasons for leaving the insurance industry, according to a study by Vertafore.
Options Abound in the M&A Buyer Universe
Options Abound in the M&A Buyer Universe
Today’s agency owners have many options when considering potential perpetuation partners beyond just the highest possible valuation.
Can a Landlord Take Out a Policy in a Renter’s Name?
A landlord asked if he could purchase a renters policy for his renters. However, he requires them to purchase insurance when they sign the lease. Is that possible?
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Elevate Trilogy Part One Bonus Session
Join us for round two of the session, How Not to Suck at Video, this Tuesday, March 23 at 2 p.m. ET for a deep dive into video marketing and an expanded Q&A session.
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