Robert Rusbuldt News

1,000 Independent Agents Lobbying Lawmakers in Washington

More than 1,000 independent agents from around the country will be visiting Capitol Hill offices in Washington, D.C., today to lobby members of the House, Senate and their staffs. Called “The Big ‘I’ Day on Capitol Hill,” this annual pilgrimage …

Online Portal Aims to Connect Independent Agents with Consumers

Beginning early next year, independent insurance agents will be able to tap into an online resource designed to connect them with the more than 65 percent of market share in personal lines they are currently missing. The Consumer Agent Portal …

Boehner to Address Agents Before D.C. Lobbying Day

House Speaker John Boehner (R-Ohio) will give the keynote address to members of the Big “I” during the group’s annual D.C. conference later this year. Boehner is scheduled to speak on Thursday, April 14, hours before state groups of members …

Miller, Shoemaker Join InVEST Board

InVEST, the insurance industry program that brings insurance education to classrooms, has appointed Peter Miller and Loren P. Shoemaker to its national board. Miller is president and CEO of The Institutes and Shoemaker is senior vice president and chief operating …

Declarations

Diverse Ownership “Many new agencies are forming, typically with a more diverse and younger leadership, demonstrating the strength of the independent agency system and the potential for growth.” —Robert Rusbuldt, president and CEO, for the Independent Insurance Agents & Brokers …

Independent Agency Population Holds Steady as Start-Ups Keep Pace with Mergers

The total number of independent agencies in the country remains stable at around 37,500 as start-ups have kept pace with agency mergers and closings, according to a new study of agencies. There are today as many agencies as there were …

State Regulators Worried About Future of Health Insurance Brokers

State insurance regulators have established a task force to monitor the negative effects the new federal health reform law might have on health insurance agents and brokers. The National Association of Insurance Commissioners (NAIC), which rejected pleas to protect brokers’ …

Health Insurance Brokers May Ask Congress to Protect Commissions

As insurance brokers feared, the Obama Administration has not exempted broker commissions from the formula for the medical loss ratio that health insurers must adhere to beginning in 2011. Brokers say they may ask Congress to intervene if the medical …

Declarations

Settlement Scramble “A lot of people appear to be making a last minute decision. It’s like tax day… there is going to be a lot of last minute wrangling.” —Paul Napoli, a leader of the legal team representing most of …

Big ‘I’ Insurance Agents Gave $1.7 Million to Shape New Congress

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said that its political action committee, InsurPac, distributed more than $1.7 million in the 2010 campaign cycle resulting in a 93 percent congressional victory rate. “While the …