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Agency Compensation 360 is LIVE – Take the Survey Today!

Abstract: The wait is over! Agency Compensation 360, a first-of-its-kind, multi-state compensation survey built exclusively for independent insurance agencies, is officially live. And here’s the bottom line: if you don’t participate, you won’t get access to the results. Body: ​Agency Compensation 360 Is Live – Take the Survey Today!The wait is over! Agency Compensation 360, a first-of-its-kind, multi-state compensation survey built exclusively for independent insurance agencies, is officially live. And here's the bottom line: if you don't participate, you won't get access to the results.Why You Should Take the SurveyBy completing the survey, you'll get EXCLUSIVE access to an interactive dashboard when results are released…

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Carriers Do Not Have To Backdate Cancellations

Body: ​Refund policy by Nick Youngson CC BY-SA 3.0 Pix4free​We've been receiving one question a lot recently. It's so common that it's worth a post for all Big I New York and Big I Connecticut members to read. This recent email is representative:“Client was non-renewed approximately five years ago by Acme Insurance for his auto, home, and fire dwelling policies. Apparently, one was not non-renewed, and the premiums were paid out of his escrow account. We replaced the coverage in the meantime. Client recently discovered the error. In a case of duplicate coverage, where can I find out the law? The carrier will not go back…

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Big I NY Members Hand-Deliver Reply to Senate Property Insurance Probe

Abstract: The New York State Senate is investigating the availability and affordability of residential property insurance. Body: ​ Photo by Kenneth C. Zirkel - Own work, CC BY-SA 4.0, Link​The New York State Senate is investigating the availability and affordability of residential property insurance. Big I New York responded last week to an information request related to the probe.The Senate committees on Investigations and Government Operations; Insurance; and Housing, Construction and Community Development are conducting the inquiry. The chairs of those committees in August sent formal information requests to the New York Department of Financial Services (DFS); thirty-one insurance carriers; and associations and trade groups,…

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