Monthly Archives: April 2021

Albany Update: Big I NY Photo Inspection Bill Introduced, Cannabis Legalized, Advocates Push Back on “Pay & Pursue” and Airborne Infectious Disease Liability

This week, Senator Neil Breslin, Chair of the Senate Insurance Committee, introduced legislation created by Big I NY to make the auto photo inspection voluntary at the discretion of an insurance carrier. This is a pro-customer measure to eliminate an unnecessary burden to the process of obtaining comp and collision coverage. Modern technology has rendered the photo inspection virtually useless (carriers tell us they don't even use them). It can be a major hassle for the insured, who risks losing coverage if the inspection isn't completed in time. Big I NY members sent over 220 emails to their state senators, calling on them to sign…

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Big ‘I’ and Future One Release 2020 Agency Universe Findings

​Biennial study reveals stability and challenges in independent agency system.ALEXANDRIA, VA, March 29, 2021—The number of independent insurance agencies has remained stable and business conditions continue to improve, although at a slower rate than 2018, according to the 2020 Agency Universe Study.Future One, a collaboration of the Big “I" and leading independent agency companies, has released key findings from the recently completed Agency Universe Study, hailed as the most comprehensive look at the independent agency system.   “The 2020 Agency Universe Study reveals good news for the independent agency system, including continued adaption to the digital solutions and innovations that enable independent agents and brokers across…

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Industry Roundup: April 1st

​No fooling - here's a roundup of the industry news you need but may have missed.April 1, 2021Homeowners becoming more proactive in improvements, repairs​Since the start of the pandemic, more than half of homeowners made improvements to their property, according to Hippo, which noted 71% said they'd continue making the same amount of home improvements moving forward. Are your policyholders updating their coverges accordingly?Will new federal programs help k​eep commercial drivers safe?​If you serve the transportation industry, you must keep an eye on these programs that could impact your trucking risk management this year.Participate in Insurance Journal's Young Agent Survey Today​Insurance Journal is seeking young…

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