February 27
Predictive Analytics: Added Insurance for Insurers in a Volatile Economy
By Jessica Dolezal, Sr., Data Scientist, Prevedere Despite the promise of big data to provide insurance companies with revolutionary insights that will drive business forward, the benefits of such data have proven elusive. In fact, less than 20% of insurers had leveraged or were planning to leverage big data as of 2015. But there is […]
Pretty Huge
One of the early actions taken by the Trump Administration calls for the Department of Labor (DOL) to halt implementation of the Obama Administration’s ridiculous fiduciary rule and to implement a complete re-review of the rule. Trade associations were quick to hail the halt and credit themselves—properly—for getting this in the crosshairs of the President. […]
Murder, Examination Under Oath & the 5th Amendment; Lead Paint Claims and the Pollution Exclusion; Landlords’ Additional Insured Coverage Primary; Small Businesses Need Fiduciary Liability Insurance; Short Takes
Murder, Examination Under Oath & The 5th Amendment The headline read “Ohio Homeowner Charged With Murder, Arson Declined EUO” (“EUO” is insurance shorthand for “examination under oath”). The story: Lester Parker, co-owner with his wife of a home in Hamilton Ohio, was accused of torching their house and causing the death of a firefighter who […]
Give Your Agency Facebook a Boost
When we discuss marketing in today’s world, the first thing that hits my mind is our agency’s efforts to successfully market our products and services in the digital world. Marketing has taken a shift, and a large one, because everyone now has access to the web, whether it’s on their desktop computers or their mobile […]
Does Your Agency Have Employees or Brand Ambassadors?
Insurance is a fantastically fabulous industry. Agents sell a product that everyone must purchase, and there is a defined date to purchase by. For us in the insurance industry, we may feel that what we do is boring, we aren’t valued and all anyone cares about is price. In order to thrive we need to […]
Are You Awake?
So many times, we hear about disasters on the road in the form of motor vehicle accidents. Now although they may truly be “an accident,” they may also have been avoided if someone was paying just a little more attention! Sleepy driving, or “Driving While Drowsy,” has become a tremendous problem in our society. Although […]
IIABNY Denounces Proposal For Increased Fines Against Insurance Producers
1000 percent increase is ‘substantial and unwarranted’ Dewitt, New York, Feb. 9, 2017—A measure in Gov. Andrew Cuomo’s New York State budget proposal could put small insurance agencies out of business, an insurance producer’s trade group said today. The Independent Insurance Agents & Brokers of New York (IIABNY) criticized the proposal as “unwarranted.” The governor’s […]
PIANY Praises Legislation to Protect Coastal Homeowners
Professional Insurance Agents applaud Sen. LaValle for introducing bill January 18, 2017, GLENMONT, N.Y.—The Professional Insurance Agents of New York State commends Sen. Kenneth P. LaValle, R-1, for introducing a bill (S.2062) in the Senate last week to standardize the windstorm triggers for homeowners’ hurricane deductibles throughout the state. PIANY has long sought to address […]
IVANS Enables Distribution, Automated Servicing Via Independent Agencies, MGAs and Insurers
IVANS, a division of Applied Systems, has announced new, innovative capabilities to expand digital distribution and servicing of insurance products throughout the insurance lifecycle. Leveraging its network of more than 30,000 agencies and 380 MGAs and insurers, IVANS’s latest enhancements enable agencies, MGAs and insurers to identify new business opportunities and markets, as well as […]
