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Tect Trends and Resources for the Independent Agent

News & Views

for the week of Jun 1

Insight + Analysis for the Independent Agent

7 Major Carriers Form Company to Tackle Cyber Risk
7 Major Carriers Form Company to Tackle Cyber Risk
AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers have formed a new entity to coordinate the industry’s response to cybercrime.

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Big ‘I’ Advocates Against Small Business Tax Deduction Changes
In a letter to Capitol Hill, the Big “I” and other organizations noted strong opposition to any reductions or repeal of the 20% deduction for qualified business income under Section 199A.
Does ‘Damage to Property of Others’ Liability Extend to a Family Member?
Does ‘Damage to Property of Others’ Liability Extend to a Family Member?
An insured’s son was mowing her lawn when the lawnmower threw a rock into the neighbor’s truck window. The son doesn’t want to file under his homeowners and feels that his mother’s HO3 should pay the claim.
15 Digital Capabilities to Help Your Agency Grow
15 Digital Capabilities to Help Your Agency Grow
Explore an interactive framework to learn where your agency should concentrate to improve digital adoption.  
FEMA Announces July Dates for Risk Rating 2.0 Agent Webinars
FEMA Announces July Dates for Risk Rating 2.0 Agent Webinars
The webinars are designed specifically for independent agents to learn more about FEMA's new pricing methodology for the National Flood Insurance Program (NFIP).
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Learn from Former FBI Agent at Elevate Part 2: Data
Join the workshop on July 21 at 3 p.m. ET to benefit from Scott Augenbaum’s 30 years of experience handling cybercrime investigations.
Get Ready for Risk Rating 2.0
Big “I" Flood partner Selective has resources to get you ready for the National Flood Insurance Program (NFIP) Risk Rating 2.0.
Follow Up: Inadequate Replacement Cost Letter
Here's what to remember if a client contacts you regarding a Big "I" Risk Management and Swiss Re sample letter about replacement cost limits.
Discover Cyber Resources Through Big ‘I’ Markets
Big "I" Markets partner Coalition provides access to a multitude of sales, cybersecurity and educational resources.
Get the Latest on Technical and Coverage Issues
Published every Friday, Insurance Illustrated keeps you up to date on important technical and coverage issues.
DOJ Sues to Block Aon and Willis Towers Watson Mega Merger
DOJ Sues to Block Aon and Willis Towers Watson Mega Merger
The Department of Justice complaint alleges the merger would substantially harm competition and leave Americans with fewer choices, higher prices and lower quality services.

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Senate Banking Committee Holds Second Hearing on NFIP Reauthorization
The hearing covered topics including the structure of the National Flood Insurance Program (NFIP), the role of private flood insurance, and Risk Rating 2.0.
Customer Satisfaction Flat Despite Rebates from Auto Insurers
Customer Satisfaction Flat Despite Rebates from Auto Insurers
The main reason why customer satisfaction has stalled: Companies are missing the mark on effective communication with customers.
Student of the Industry: Private Flood’s Impressive Growth
Student of the Industry: Private Flood’s Impressive Growth
More than $600 million in premium and 160 active insurers—a nice start to private flood. Where is this line of business most prevalent and which insurers are focused on it?
4 Ways to Sell Gen Z on an Insurance Career
4 Ways to Sell Gen Z on an Insurance Career
Agency owners can draw Generation Z workers by embracing the four aspects of the insurance industry of strong interest to Gen Z job seekers.
Is Floor Damage During Delivery Covered Under CGL or BAP?
Is Floor Damage During Delivery Covered Under CGL or BAP?
The insured delivers a refrigerator to a customer. Once in the house, the insured takes the fridge off the dolly to maneuver a small space, but while moving the fridge by hand they scratch the floor.
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Strategy in a World of Disruption at Elevate Part 2
Shawn Kanungo will deliver the virtual keynote presentation at Agency Nation's Elevate Trilogy Part Two: Data on July 21.
FCAA Donates $10,000 to Invest™
Support is key to solving critical staffing needs for independent agencies.
Protecting Healthcare Clients in Age of Disruption
Big “I" Markets partner Travelers has compiled a suite of tools to help you serve your healthcare clients.
Get Dental Coverage for Your Employees
Utilize in-network providers to get the most out of dental insurance coverage.
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