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Tect Trends and Resources for the Independent Agent

News & Views

for the week of May 1

Insight + Analysis for the Independent Agent

5 Ways Agents Can Compete Against Direct Carriers
5 Ways Agents Can Compete Against Direct Carriers
Direct carriers are a strong competitive force, slashing prices and selling customers on price alone. Here are five ways independent agents can step up to the challenge and grow their agencies.

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Big ‘I’ Joins Coalition Opposing President Biden’s Tax Increases
The coalition intends to spread the message that the tax increases proposed in the American Jobs Plan and the American Families Plan would stall economic recovery rather than fuel it.
Accelerate 2021: Vertafore Reveals Products and Recognizes Big ‘I’
Accelerate 2021: Vertafore Reveals Products and Recognizes Big ‘I’
Vertafore kicked off Accelerate, powered by NetVU, by recognizing the contributions of the independent agent channel over the past year, reserving special praise for the Big “I” and its chairman, Jon Jensen.
Capital Gains Tax Increases Will Accelerate M&A Activity in 2021
Capital Gains Tax Increases Will Accelerate M&A Activity in 2021
Proposals by the Biden administration may cause agency owners interested in selling their business in the next five years to accelerate their timeline to 2021.
Growing Through Account Rounding: Why Is It So Hard?
Growing Through Account Rounding: Why Is It So Hard?
Existing client growth is challenging. Here are three ways agencies can better serve their clients and grow revenues.
Do Commercial Umbrella Aggregate Limits Apply to an Underlying Policy Without an Aggregate?
Do Commercial Umbrella Aggregate Limits Apply to an Underlying Policy Without an Aggregate?
If an insured has a $1-million, combined single limit (CSL) on an auto policy and they exhaust the auto CSL and the umbrella limits, would the limit for the umbrella be reset for any other loss?
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Registration Open for Elevate Trilogy Part Two
The countdown begins for the Original Un-conference’s data event to take place virtually July 21 starting at 12 p.m. ET.
Sample Letter on Increased Construction Costs
Agents can use the Big "I" Professional Liability resource to notify their clients that construction costs have risen and they may be underinsured.
Soar with Eagle Agency This Summer
Need new market options to help your sales soar? Eagle Agency provides Big "I" members with direct access to preferred personal lines.
Big ‘I’ Hires Helps Agents Find Top Talent
Big “I” Hires is a one-stop resource for independent insurance agencies to identify, hire and assess top-performing producers and customer service representatives.
ACT Announces Agency Cyber Self-Assessment
The Big “I" Agents Council for Technology has released the self-assessment as a supplement to the Agency Cyber Guide 3.0. 
Send in Your Photos for Special Magazine Edition
Submit photos from your agency's past, whether it's your office in the '60s, an ancient dues slip or an outdated carrier advertisement.
Don’t Miss the Latest Insurance Illustrated
The e-newsletter covers trending technical insurance topics to keep you up to date with your insurance education.
Make Retirement Simple
If you have 100 employees or less and want a plan that is straightforward and virtually effortless, the simple IRA plan may be a good option.
Big ‘I’ Advocates Against Harmful Tax Increases on Small Businesses
Big ‘I’ Advocates Against Harmful Tax Increases on Small Businesses
President Joe Biden’s American Families Plan contains multiple significant tax increases, including ending the “stepped-up basis” tax preference critical to helping business survive the loss of a loved one or business partner.

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Senate Banking Committee Holds Hearing on NFIP Reauthorization
The Big “I” submitted a statement on the need for a long-term reauthorization of the National Flood Insurance Program, and also submitted comments on proposed interagency Q&As on private flood insurance.
DOL Withdraws Trump-Era Worker Classification Rule
DOL Withdraws Trump-Era Worker Classification Rule
The rescinded rule would have put more emphasis on the nature and degree of the worker’s control over the work and the worker’s opportunity for profit or loss in the “economic realities” test.
Student of the Industry: Do Your Carriers Offer Policy Dividends?
Student of the Industry: Do Your Carriers Offer Policy Dividends?
If you're using an insurer that pays dividends—or competing against an insurer that does—you should know their impact.
2021 Auto Insurance Trends Report Recaps a Bumpy Year
2021 Auto Insurance Trends Report Recaps a Bumpy Year
COVID-19’s evolving impact on the personal auto market is still unfolding. Keeping up-to-speed on trends and projections can help prepare for the road ahead.
5 Ways to Improve Your Social Media Skills
5 Ways to Improve Your Social Media Skills
Learn to connect more effectively with clients and develop customer relationships, regardless of geographic proximity.
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