Whether they are being spoken, written or posted online, the words we say have an impact on others—and on the ways others perceive the ones sharing those words. Personally and professionally, we have each felt the impact of what others have said about us, to us...
When independent insurance agents earn specialized designations, they elevate their skills to expert status on the national level. There are plenty of designations that insurance agents can earn, and the Certified Professional Insurance Agent designation through the...
Last October, the New York State Department of Financial Services announced that it changed the continuing-education requirements for insurance producers who do business in New York. The new requirements include additional education that insurance agents and brokers...
In the commercial-lines insurance industry, insurance agents are responsible for staying abreast of their clients’ risks and exposures, on industry trends and on best practices for representing their agency, their carriers and their customers. Stay prepared When it...
Most insurance producers feel strongly about insuring contractors—it’s often a love to or hate to reaction. One of the things that makes insuring contractors so challenging is the myriad ways insurers modify the Commercial General Liability policy, often to restrict...
The Department of Banking and Insurance began the process of amending to the state’s continuing-education regulations earlier this month. The DOBI sent an advance notice of rulemaking to PIANJ—as well as other stakeholders—outlining the amendments they are proposing....
The more an insurance producer understands about cyber-related dangers that face clients, the better able that insurance producer is to help. From ransomware attacks, to breaches that trigger notification requirements under state security-breach laws, to...
Last week, we talked about how to gain support for a bill. This week, we will review the often-complicated process a bill must go through after it’s introduced in order to pass through both chambers of the state Legislature. While on the surface it seems easy enough,...
Commissions seem basic: You sell an insurance policy to a client and you get a commission. However—as with all things insurance—it’s never quite that simple. There are laws and regulations regarding commissions, service fees, referral fees and rebating for insurance...
When insurers choose to cancel—or not to renew—a personal insurance policy, they need to ensure that they comply with the laws of the state in which they do business. Agents need to know these requirements to ensure they and their clients receive the notice of...