Insurance Archive

What’s Age Have to Do With It?

The following post is written by WAHVE, Work At Home Vintage Experts, an IIANC-endorsed staffing provider. Apparently, far too much. Today’s companies, looking to fill an ever-growing list of open positions (31 million by 2020, according to Georgetown University), are turning to millennials. Attracting the younger workers has become the focus of companies as they

Recurring Issues… (Part 1)

I have heard it said that time gives one perspective and I can only hope that is true.  As I look back over the 45 years of my career being an insurance agent and observing insurance agents, several issues seem to be perpetually of concern.  One is valuations of property and how insurance policies handle

The 2019 Session of the NC General Assembly

With the start of the new year, it’s time for those who won their state legislative race in November 2018 to come to Raleigh and start … well … legislating! For the purposes of getting everyone officially sworn in to office, elect House and Senate leaders, and provide the ‘freshmen’ members orientation on the legislative

Meet IIANC’s New Chairman: Mark Rice

The following interview was published in Issue IV 2018 of the Carolina Agents Journal magazine. Mark Rice, CIC, LUTCF, CBIA, CAWC of Callahan & Rice Insurance Group in Fayetteville, NC, takes over as IIANC Chairman for 2018-2019. In addition to his long-standing relationship with the insurance industry, Mark has a strong love for his family

Do You Have a South Carolina Insurance License?

If so, new South Carolina regulations (that became effective January 1, 2019) may impact you! On May 9, 2018, South Carolina enacted the Insurance Data Security Act, which is modeled after the NAIC Insurance Data Security Model Law. Among other things, the legislation requires licensees (unless exempted) to develop, implement and maintain a comprehensive written

2019: Year of the Pig? Nope.

According to the Chinese Zodiac calendar, 2019 is the Year of the Pig.  However… according to the IIANC calendar, 2019 is the year of data analytics.  When is the last time your agency participated in a meaningful benchmarking study?  For most agencies, the answer to this is probably “never”.  There are well over 1000 independent

#ITC2017 – A Las Vegas Recap

A couple of weeks ago, I had the pleasure of attending the 2nd Annual InsurTech Connect Conference.   Here, in no particular order, are some of my major takeaways from the event: The people who say the age of face-to-face meetings is over are dead wrong! This event last year drew about 1,100.  This year, there

Reminder to Insurance Agents: Florida Workers’ Compensation

North Carolina insurance agents may have contracting clients who are planning to go to Florida for cleanup and restoration work.  There are several requirements for out-of-state contractors working in Florida of which you should be aware. Constructing industry employers with one or more full-time or part-time employees must provide coverage for all employees. Construction industry

How Much Insurance is Enough? Insurance Aspects of the Outer Banks Power Outage

On Thursday, July 27, 2017, a construction company working on the new Bonner Bridge over Oregon Inlet drove a metal casing into the ground and cut the three power cables servicing Hatteras Island and Ocracoke Island.  While the loss of power during the height of tourist season is being mitigated by standby generators, upwards of

A Message from Aubie

People often ask me about my outlook for the insurance industry and the independent agency system.  Whether you see the expression “may you live in interesting times,” as a blessing or a curse, there seems to be little doubt that we do indeed live in interesting times. As one looks to the short-term future (three