| |  | | | Special Feature * Advantages of Big 'I' Membership * Life & Health * Back to Basics * Agency Management * Commercial Lines * Insurance Laws & Statutes/Coverage Resources |
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| | Citing “climate change, changing lifestyles and new technologies,” Verisk will update the Businessowners (BOP) program with “significant enhancements.” Read on for an overview of the expected changes. |
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| | Big "I" Hires is available to members as a robust online recruiting platform developed to help insurance agencies of all sizes hire top-performing sales and service staff. An array of tools and resources are available to find the right candidate with a few simple clicks and manage the entire process in one online location. When the new hire is identified utilize assessments, then onboarding and education resources for the right experience and acclimation into your agency culture and operations. |
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| | A business owner may be surprised to learn that a small loss to business property ends up with a much larger loss of income. That problem may be solved with a Business Interruption type of coverage. What is often overlooked is the problem that occurs when the business owner is disabled for a short time. |
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| | From IA Magazine, learn about the history of critical illness coverage, approaches to selling, and the wide market appeal. |
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| From IA Magazine, learn more about how to have conversations about life insurance policies in spite of hard times.
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| | Every state and the District of Columbia grants insurance carriers an “underwriting period.” Insurance carriers are granted broad authority to cancel a newly-written policy during this statutorily-limited period. |
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| | From IA Magazine, read about how the excess and surplus market has changed and how the need for the non-admitted market has grown. |
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| | The Big “I” Technical Affairs Committee (TAC) is one of the least publicized committees among the groups that work to improve agency operations and solve many types of insurance issues. TAC met with Verisk/Insurance Services Office (ISO) in 2023 with a full agenda of suggested coverage wording enhancements and changes. Read on to see how the Big “I” Technical Affairs Committee helps agents deliver improved consumer-oriented coverage. Your input can help. |
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| | Agents may be asked to complete an addendum to a certificate of insurance; in fact, the agency may almost be forced to do so. Should the addendum be completed? The “ivory tower” answer is “no;” the correct answer is, “no;” but…. Sometimes agencies make decisions counter to the correct ones, if the agency plans to ignore the advice, what can it do to protect itself? |
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| | Work patterns since COVID-19 sent millions of workers home had a big impact on the commercial real estate market. And although JP Morgan predicts commercial real estate will come “bouncing back” in 2022, it’s a great time to remind your clients of the need to understand their commercial property policies’ vacancy clauses. |
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| | Even though COVID risks have lessened, this article is still a great primer on extended cusiness income coverage. Following a business-closing loss, insureds suffer two income loss periods. Obviously, income is lost during the period the business is shut down or slowed down because of the property loss. But less obvious is the fact that income is or may continue to be lost AFTER the operations resume. |
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| | Coverage Part B of the CGL is often overlooked. The focus seems to be on Bodily Injury and Property Damage (Coverage Part A); however, personal and advertising injury is an exposure every insured must consider. This primer allows agents to be prepared for this important conversation. |
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| | Eliot Spitzer, former New York Attorney General, sued Marsh & McLennan Cos. on October 14, 2004, for supposed bid rigging and other misdeeds and misinformation. This suit led to laws requiring insurance agents and brokers to disclose who they represent (the carrier or the insured), the sources of income, and sometimes the amount of income. Fifteen states currently have commission disclosure laws on the books possibly as an indirect result of Spitzer’s suit. |
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