Agents & Brokers News

The PIA Partnership Launches Growth Tool For Agency Members

The National Association of Professional Insurance Agents (PIA) and its agency-company council, The PIA Partnership, have designed a new tool to help independent insurance agencies grow and increase profits. “Closing the Gap – Growth & Profit” provides agents with calculators …

P/C Industry Supportive But Cautious on Federal Insurance Office Recommendations

Insurers, agents, brokers and state regulators welcome modernization and improvements in the current regulation of insurance, but are not so welcoming of changes that might invite regulation by the federal government. The U.S. Treasury’s Federal Insurance Office (FIO) yesterday released …

Burand’s Agency E&O Blog: Tip #51

State Guaranty Funds. Many agency owners, producers, and CSRs believe state guaranty funds provide blank insolvency protection for any client insured by an admitted carrier. This is not true. Many state’s guaranty funds are limited to insureds of a certain …

The Charity Issue: How the Insurance Industry Helps

Does your insurance organization support the community? Over the years, Insurance Journal has discovered numerous stories of how agents, brokers, wholesalers and insurers support their community. Our Dec. 16 issue of Insurance Journal magazine will share some of those stories …

Burand’s Agency E&O Blog: Tip #50

Binders Redux. A binder is a temporary insurance contract. This is a fact. The Acord 75 field Description states, “A Binder is a temporary insurance contract which provides coverage in advance of the issuance of an insurance policy.” The Acord …

Burand’s Agency E&O Blog: Tip #49

Date Stamping. Could any E&O blog address a simpler subject than date stamping? Maybe not, but date stamping correctly to mitigate E&O exposures is something too few agencies practice. Most agencies I visit have a practice of opening all incoming …

Dovetail Insurance Expands Distribution of BOP Product in Midwest

Dovetail Insurance, a supplier of cloud-based insurance product delivery services, is expanding its distribution of NetBOP in seven states, including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota and Wisconsin.  NetBOP is a business owners policy (BOP) insurance product developed for businesses …

Marsh & McLennan Climbs to Post-Spitzer High

Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the company. The broker has rallied 35 percent …

Great American, Landy Agency to Offer Professional Liability Insurance

Great American Insurance Group’s Professional Liability Division has formed an alliance with the Herbert H. Landy Insurance Agency to offer professional liability insurance to real estate agents, brokers, appraisers and accountants. This new program will be available in all states, …

What’s Happening in Agency E&O? Take This Survey to Find Out

Insurance Journal is again on the search to find out what’s happening in the agency errors and omissions (E&O) environment. We invite you to participate in the 2013 Agency Errors & Omissions Survey, which will be published in an upcoming …