AGENT NEWS

The Myth of Multiples in Agency

Whenever agency principals get together, the topic of agency valuations is sure to come up. Someone will start talking about an agency that sold at an unbelievably high multiple. Pretty soon, everyones nodding their head and saying theres a killing to be made selling your agency. These types of discussions tend to be long on conjecture and short on facts. If you are considering your perpetuation plan, learn the facts.  Read More

Political Clout: How Main Street Agent Groups Stack Up

The groups with the largest PACs develop and strengthen the most relationships and achieve the greatest results. Take a look at this comparison to see how much money Main Street agent PACs gave to your state Congressional delegation.  Read more

Interested in giving to InsurPAC?    Here's How

NFIP Reverses Mid-Term Cancellation Policy

FEMA has issued a bulletin stating that consumers cannot receive a refund for unearned premiums if they cancel a NFIP policy mid-term in favor of a private policy. If you sell Flood insurance, understand this policy to help your customers. Learn More

Do you know the Data Breach Laws in the States You Write Business?

All 50 states now have data breach laws in place, and several states have recently amended their statutes. Keeping up with the varying regulations in each of the states in which you write business can be a tough task, but we have a solution!  The ACT Agency Cyber Guide 2.0 is free to you as a member.  There is one particular resource that can help explain each states statutes; the Mintz Matrix.  This matrix details each states statute, the states definition of a breach, who is covered, how quickly businesses are required to notify customers of a breach, and potential penalties. Take advantage of this great member benefits!

Act Cyber Guide

Mintz Matrix

Is there Insurance Coverage for Sexual Assault?

With states implementing new legislation, civil suits stemming from these sexually-based offenses will flourish, exposing academic institutions, religious institutions, employers, and municipal entities to claims alleging negligence with respect to the hiring, supervision, and retention of the alleged perpetrators. Be sure you understand how this impacts your customers.  Read more

Are You In the Know About Cyber Crimes and their Impact on You and Your Clients?

Cryptomining. Ransomware. Business email compromise. Spear phishing. This is the new language of business risk, including your agency and your customers. Whether its a massive data breach that exposes customer information, or an automated ransomware attack that extorts bitcoin payments from a small business owner like yours, the cybercrime wave continues to swell. Stay on top of what is happening to protect your agency and to help your customers get the appropriate coverage.  Read more

Look who's betting on the agency system. . . .

According to some, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Check out these recent companies, techies and investors who betting on agents and brokers.  Learn more