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Blogs Archives - Insurance Journal
How States Regulate or Limit MGA Non-Commission Fees: A Sample
This post is part of a series sponsored by AgentSync. Managing general agents (MGAs) are a black hole of insurance knowledge – with many avenues of compensation, it can be confusing to understand how MGAs are even allowed to collect …
POSTED MAY 18, 2022 5:00 AM |
Cross-Selling Opportunities in Commercial Surety
This post is part of a series sponsored by Old Republic Surety. Cross-selling surety and commercial insurance makes marketing sense: Boosting your exit barriers increases your value. An insurance agent who can accommodate clients’ surety bond needs along with their …
POSTED MAY 12, 2022 9:14 PM |
Florida’s Failing Insurers – Who’s Next?
Florida’s homeowners insurance market is in a perilous, precarious position. Florida has not been struck by a hurricane since 2018, yet there have been seven Florida insurer insolvencies in the recent hurricane-free years, including three so far this year. Hurricane …
POSTED MAY 12, 2022 3:07 PM |
It’s Demolition Time: Tear Down Your Information and Workflow Silos
This post is part of a series sponsored by AgentSync. Data and workflow silos are costing your insurance business time, money, and good people. It’s time to shed some light on these common issues and start breaking those barriers down. …
POSTED MAY 12, 2022 6:00 AM |
Obtaining a Carrier Appointment as a New Insurance Agency
This post is part of a series sponsored by AgentSync. If you’re just starting out as a small agency, as a firm or IMO, you may at first struggle with getting carrier appointments, but persistence is key to your success. …
POSTED MAY 12, 2022 5:00 AM |
Federal Insurance Laws in the 2021-2022 Congressional Session
This post is part of a series sponsored by AgentSync. Federal regulations of insurance are few and far between thanks to ages of history affirming that insurance regulation belongs to the states. But each session, intrepid Congresspeople submit aspirational bills …
POSTED MAY 11, 2022 5:00 AM |
180 Days: Not a Reporting Deadline
Departments of Insurance exist, in part, to protect consumers from improper actions by insurance carriers. One of these actions is improper claims handling. A recent case in point involves a homeowners’ claim and the supposed late reporting of hail damage. …
POSTED MAY 09, 2022 8:39 PM |
What’s on the Menu? Choosing the Right Cash Management Products for Your Agency
This post is part of a series sponsored by InsurBanc. Choosing the right cash management products for your agency can be overwhelming. It is similar to when you go to your favorite restaurant, wanting to select the right entrée, yet …
POSTED MAY 06, 2022 7:22 PM |
Insurance 101: Agency-Level Licensing
This post is part of a series sponsored by AgentSync. Oftentimes, the administrative side including the specifics of who needs what license at an insurance agency is anything but straightforward. Generally, when we ask “Who needs an insurance license?,” your …
POSTED MAY 04, 2022 5:00 AM |
Why MGAs Should Proactively Verify Producer Data
This post is part of a series sponsored by AgentSync. Despite common industry misconceptions, managing general agents and underwriters (MGAs and MGUs) are also on the hook in a variety of ways for proactively verifying producer licensure. Insurance carriers are …
POSTED APRIL 27, 2022 5:00 AM |
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