Insurance professionals can now earn Fireman’s Fund or Utica Mutual errors and omissions loss prevention credits from the Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State without leaving their offices through the organization’s PIA E&O Webinar Series.
The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State have begun their annual Company Performance Surveys, gauging insurance producers’ views of the companies they represent.
A regional agents’ group is speaking out against the practice of carriers requesting customer lists or expensive profiles of agency books of business, calling it a “significant breach” of the agent-carrier relationship.
With all the technology options available to agents now, a coalition of four state trade associations has established a hotline to provide some guidance.
As part of a new two-year, $37.6 billion budget, Connecticut has doubled the majority of its fees levied by the department of insurance, a move other states might emulate given widespread deficits in their coffers.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.