Excitement is building for critical legislation, the “National Association of Registered Agents & Brokers (NARAB II) Reform Act.” The Independent Agents & Brokers of America (Big “I”) strongly supports this bill that streamlines nonresident licensing of agents and brokers to …
Congress faces a packed agenda this year. Deficit reduction, immigration reform and gun control will dominate the agenda. But another issue must be added to the docket — reauthorization of the Terrorism Risk Insurance Act because of its importance to …
For the first time in history, American companies now have five generations of employees in the workforce: the silent generation (born 1925-45); baby boomers (1946-64), generation X (1964-80); generation Y (1980-90) and millennials (after 1990). Each generation has its own …
From 1967 until March 2005, Maurice “Hank” Greenberg, now chairman and CEO of Starr Cos., helped build American International Group (AIG) into the world’s largest insurer with a market value of $180 billion, forging relationships, opening markets and inventing products …
For most middle-income Americans, the purchase of a home represents their largest investment and their most valuable asset. Thus, the lender, homeowner and personal lines insurance agent tend to focus on the common causes of loss when considering homeowners insurance …
The year is a prime time for agents and brokers to begin preparing their clients for Affordable Care Act (ACA) requirements coming in 2014. Don’t assume that you can wait until the beginning of the plan year to implement ACA …
It took one day for Superstorm Sandy to destroy my house. So far, it’s taken more than a month for insurance to help me get back in. The last time I slept in my own home was October 27, two …
In the days before superstorm Sandy, there were many questions. When and where would it arrive, and what kind of destruction would it bring? Later, those questions were replaced with others: were friends and family OK? How many homes were …
Neither insurance policyholders nor courts look kindly upon exclusions from the broad coverage provided by insurance policies. Policyholders often balk at exclusions when preparing to pay their hard-earned dollars to buy insurance policies, and courts apply favorable rules of insurance …
For decades now, your company has reinsured a substantial portion of its risk under reinsurance contracts (treaties) negotiated by executives who retired long ago. But just a few years ago, your reinsurer – now in run-off and no longer looking …
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