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Big I NY needs you, your expertise, and your input

 We need you.Our committees and volunteer leaders drive the future of the association, and in turn, your agency. This is your association and you are invited to get involved.Interested? Not sure where to start?Whether you're ready to dive right in and get started or just looking for more information, we'd love to help get you engaged in your association, Big I New York.Where will you share your voice?Board of DirectorsThe Board of Directors is responsible for the strategic vision and administrative and financial oversight of the association. You will represent your peers and help nurture a healthy insurance market in New York.NextGen CommitteeNextGen is a…

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Big I NY Testifies on the Impact of Extreme Weather on the Insurance Market

This week, Scott Hobson, Big I NY's AVP of Government Relations, testified before the NYS Assembly Committees on Insurance and Environmental Protection on the impact of extreme weather on the state's property and casualty insurance market. In the hearing, lawmakers sought testimony on the impact that these types of weather events have had on the New York property and casualty insurance market, including premium rates, policy cancellations and renewals, and explore what steps the Legislature can take to ensure a robust and affordable property and casualty insurance market in New York State going forward.“Put simply, the impact of extreme weather events on the resiliency of…

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Three Elevated Risks When Buying an Agency in a Hard Market

​By: Colby AllenGoing through the process of buying an agency can require a high amount of effort in a stable market, so trying to make an offer now can change how you perform due diligence. Many agencies are trying to manage threats to their operations such as client retention, staff retention, and even carrier retention.Although these risks are a normal part of evaluating the agency many agency owners are struggling to manage one, if not multiple, of these important factors of their business. This article will dive into each of these risk factors in more detail while also providing some questions you should consider when…

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