Yearly Archives: 2022

Big I NY’s Photo Inspection Reform Bill Just Passed the Legislature

​The New York State Senate​ recently passed Big I NY's Auto Insurance Consumer Relief Act, our bill to make CARCO inspections optional at the discretion of insurance carriers. Earlier this year, the bill passed the Assembly. Now, all that remains is for it to be signed by the Governor. I want to take a moment to thank all of our agents who spoke up on this critical issue. This is a truly historic accomplishment; for over a decade this bill has never moved. Today, it is one stroke of a pen away from becoming law. What did it take to get here? Persistent pressure from agents. Dozens of…

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The Value of IMS to Any Size Agency

Whether your agency is big or small, the more markets you have access to, the better chance you have to write more business. Big I New York has made market access an integral part of your membership through our investment in the Independent Market Solutions (IMS) program, a market access solution for any size agency.For new or smaller agencies with few or no direct appointments, IMS can help you gain new carrier appointments as IMS subproducers. As an IMS subproducer, you'll start building relationships directly with carriers, earn standard commissions, and, once minimum premium thresholds and performance standards are met, gain the opportunity to “graduate" to…

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Big I NY Asks Kemper To Delay Auto Insurance Commission Cut

​ Big I New York has asked Kemper Auto & Home to delay its announced commission reductions on certain auto insurance policies. The carrier was told in a meeting this week that the suddenness of its move is unreasonable and bad for its independent agents.The carrier informed many of its New York agencies this week that it is reducing the commission rate on its Kemper PrimeSM personal auto insurance product to an extremely low level. The change will take effect on June 1, 2022. Several Big I New York members contacted our office to ask whether the carrier's action is legal. We have concluded that…

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