iiaba News

Big Brains at Big ‘I’, Insurance Information Institute Give Their Take on 2014

Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the business …

Big ‘I’ 2013 Best Practices Study Finds Increases in Specializations, Profitability

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) released its 2013 Best Practices Study which found an increase in agencies with specializations, expansion of technology investment and an increase in profitability across most of the …

Agents Helping Agents in Recovery from Oklahoma Tornadoes

Twelve hundred homes damaged or destroyed, 33,000 people impacted and $2 billion in property losses. Those are damage estimates from the deadly F5 tornado that hit the Oklahoma City suburb of Moore in the afternoon of May 20. The storm …

Big ‘I’ Honors Illinois Agent for Work on Crop Insurance

An Illinois agent has received an award from the Independent Insurance Agents and Brokers of America (IIABA or Big ‘I’) for his work on behalf of crop insurance agents. Brian McSherry of Illinois is the 2012 recipient of the Sidney …

W.R. Berkley Corp. Divests, Connecticut Bank Acquires InsurBanc

InsurBanc — a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen years ago — has joined Connecticut Community Bank N.A., based in Westport, Conn., effective April 1. Under the …

Insurance Agents and the 2012 Election: Interview with Big I CEO Rusbuldt

When it comes to the 2012 presidential election, insurance agents have, as industry insiders like to say, “skin in the game.” In addition to being concerned with how the overall economy will perform under either a re-elected President Barack Obama …

Independent Agencies Continue Growing in Number, Revenues: Study

The number of independent insurance agencies has increased, newer agencies are growing and the system as a whole is dynamic, according to the 2012 Agency Universe Study. The study also documents that independent agencies appear to be increasingly using social …

MJ Insurance Named a ‘Best Practices Agency’ for 9th Consecutive Year

For the ninth consecutive year, MJ Insurance, a property/casualty and employee benefits agency headquartered in Indianapolis, Ind., has earned “Best Practices Agency” status from the Independent Insurance Agents & Brokers of America (IIABA). This year concludes the current three-year study …

Oklahoma Agent Joins National Big ‘I’ Leadership Team

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that Vaughn Graham of Tulsa, Okla., was installed as the newest member of IIABA’s Executive Committee at the association’s 2012 Fall Leadership Conference in Atlanta. Vaughn …

Arizona Bill to Tow Vehicles of Drivers Without Liability Defeated

A bill in Arizona that would have changed the current mandatory auto insurance laws to empower law enforcement to tow and impound vehicles if they are driving without liability insurance was defeated in the House Appropriations Committee. Senate Bill 1165, …