Industry News

BI Insurance Cases He​​lped Bu​​ild Record Wave of Class Action SuitsClass action lawsuits reached a fever pitch during the past year, with insurance coverage cases involving business interruption (BI) accounting for 21% of COVID-19-related litigation. During 2020, spending on class action litigation grew at a rate more than double that of other litigation spending, reaching a record $2.9 billion.Forgotten Your Passwords? T​​​hey Soon May Be Lost Altogether – wit​h Insurers' HelpThe most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. The rise in phishing has been accompanied by significant innovations in technology and security, with…

​​New Yorkers who are without health insurance can take advantage of a new enrollment period and expanded financial assistance, according to New York State of Health (NYSOH). NYSOH is the state's health insurance marketplace established under the federal Affordable Care Act (ACA). This may enable you to assist people who contact you for individual health insurance.The expanded financial assistance is a feature of the American Rescue Plan, which the president signed into law on March 11. The  ACA has always provided for premium tax credits for individuals and households with incomes below 400% of the federal poverty line. The new law increased the size of the tax credits…

4 Best Agency Website Fe​atures to Generate Insurance LeadsDesign and functionality are the yin and yang of a powerful insurance agency website. Your website's appearance works to build trust with consumers. The features and functionality increase the likelihood of visitors becoming leads. Here are four of the best lead-generating features to focus on for your website.​Auto Telematics' Poten​​tial Benefits & PitfallsAuto telematics has the chance to give consumers lower, fairer prices while incentivizing safe driving behaviors, but “guardrails" are needed to prevent the data collected by these programs from being misused, according to the Consumer Federation of America's (CFA) white paper, “Watch Where You're Going:…