Category Archives: News

Allied Trust Launches Dwelling Fire Coverage

Allied Trust recently hosted a series of “Town Hall Meetings’ throughout Texas to announce their new Dwelling Fire product. A dwelling policy can provide coverage for loss of rent, liability and medical payments, and in some cases, contents of a … Continue reading

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TDI: Reminder to Insurance Agents on Laws Related to Unauthorized Insurance

The Texas Department of Insurance has issued a bulletin reminding insurance agents and third-party administrators that they are strictly liable for assisting in the practice of unauthorized insurance. Under state law, an agent or TPA who assists a company engaging … Continue reading

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TWIA Board Approves No Rate Increase for Annual Filing

Texas Windstorm Insurance Association (TWIA) policyholders will not be subject to a rate increase based on the Association’s annual rate filing for 2020 policies. The TWIA Board of Directors voted not to increase rates for residential and commercial policies at … Continue reading

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ACORD and the Big ‘I’ Announce Partnership for Forms Access

The Big “I” and ACORD, the global standards-setting body for the insurance industry, have announced a joint program to provide qualifying Big “I” members with a complimentary license to use ACORD Forms. ACORD, a nonprofit industry organization, has provided forms to the … Continue reading

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Big ‘I’ VU Executive Director Discusses Usage-Based Insurance on National TV

Recently, Chris Boggs, Big “I” Virtual University executive director, appeared numerous times in a news segment on both CNBC and the PBS “Nightly Business Report.” Over the course of several days, the story explored several facets of usage-based auto insurance, … Continue reading

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Big “I” Applauds House Repeal of “Cadillac” Tax

The Independent Insurance Agents & Brokers of America (the Big “I”)  applauds the U.S. House of Representatives for passing legislation which would repeal the Affordable Care Act’s (ACA) 40% excise tax or “Cadillac” tax. Reps. Joe Courtney (D-Connecticut) and Mike … Continue reading

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2019 Legislative Update: Property Insurance Policy Deductibles Must Be Paid (HB 2102)

House Bill 2102, which passed in the 86th legislative session, requires consumers to pay the required deductible on all claims on property insurance policies. In an attempt to stem the practice of shady roofing contractors offering to “absorb your deductible,” … Continue reading

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Millennial Insurance Consumer Myths Debunked

A new Liberty Mutual Insurance and Safeco Insurance research study shows that millennial insurance consumers’ views of insurance are largely aligned with older generations, dispelling many myths about this generation and presenting a huge opportunity for the independent agent channel. While there … Continue reading

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P&C Insurance Industry Experienced Steady Growth in 2018

PropertCasualty360 reports that, in 2018, the nation’s top insurance companies and groups achieved more than $681.24 billion in direct written premiums, according to data from the National Association of Insurance Commissioners (NAIC) in its 2018 Market Share Reports for Property/Casualty Groups and … Continue reading

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Mark Ray to Serve as IIAT Chair: New Board Members and Officers Announced

New board members and officers were introduced during IIAT’s annual business meeting in Grapevine on June 21. Mark Ray, of Borden Insurance Agency in Corpus Christi, was elected as IIAT chair for 2019-2020. Robert Nitsche of The Nitsche Group in … Continue reading

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