Excess Lines Modernization Bill Clears Key Committee Vote

​This week, the Senate Insurance Committee voted in favor of Big I NY – supported legislation which would make it easier to place commercial coverage in the excess market. The bill, S.498 (Breslin, D-Bethlehem)​, would simplify and streamline the affidavit process, and exempt commercial lines insurance transactions placed by wholesale insurance brokers from the requirement to obtain three separate declinations.New York's excess line market is critical to providing insurance for risks that are not underwritten by admitted carriers – such as those which are unique, volatile, or lack loss history. Current law requires brokers to obtain three declinations from admitted carriers before an excess line…

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3, 2, 1 with Sue Keegan

​By Sue Keegan, AIC, MBA, Learning & Development Manager​3 ThingsCheck out this FREE webinar on Customer Data - You can learn new ways to increase retention and customer satisfaction by using agency data to understand customer needs.  2 IdeasIf you’re like me, you’re working from home and you don’t move nearly enough throughout the day.  Let’s change that.1 QuestionSource

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Market Access Bonus – You can earn an extra 5% Commission on All Eligible BOP and XS New Business Policies With Attune

​​​Attune is offering ​an extra 5% commission on all eligible BOP and XS new business policies (regardless of the effective date) bound between Friday, Feb. 5, and Wednesday, March 31, 2021!​Eligible business types include:Professional Services (Offices)Retail / MercantileRestaurantsArtisan ContractorsWholesale and Distribution​We can get you set up with Attune quickly. Visit IMSACCESS.com​​Source

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