Pennsylvania

COVID-19 Disrupts Professional Liability Market

Delaware News, Industry News, Maryland News, Pennsylvania News, Products & Services / By

The events of 2020 “have put considerable added pressure on professional liability insurers,” according to AM Best. The agency just released Best’s Special Report, “Professional Liability Insurers Navigate Uncertain Terrain Amid a Pandemic,” which included a survey of underwriters.Per AM Best’s announcement, results from the survey include: Two-thirds of respondents placed the severity of COVID-19 […]

COVID-19 Disrupts Professional Liability Market Read More »

Forecasting Impacts of the Election

Delaware News, Industry News, Pennsylvania News, Political Advocacy / By

Our national affiliate, the Big “I”, late last week projected the following outcomes as a result of the Tuesday, Nov. 3 election:Republicans have made significant gains in the House and successfully defended many of their vulnerable seats in the Senate. This is different than the “blue wave” that many in the media predicted and will

Forecasting Impacts of the Election Read More »

How to Comply with New PA Training Requirement

Delaware News, Industry News, Maryland News, Pennsylvania News, Training & Education / By

Meet Pennsylvania’s new annuities suitability training requirement with ease during our live, four-hour Annuities – Consumer Protection and Suitability webinar. Filed for 4 hours of Annuity CEs in Pennsylvania, Maryland, and Delaware, this webinar will be offered:Monday, Dec. 7 | 9:00 AM – 1:00 PM Register About The New Requirement As previously reported in Agent

How to Comply with New PA Training Requirement Read More »

PCRB Addresses Scope of HVAC Code

Industry News, Pennsylvania News / By

Pennsylvania Compensation Rating Bureau (PCRB) Circular 1753 spells out changes to underwriting guidelines. Effective April 1, 2021, the payrolls between shop fabrication and installation crews can be assigned different classifications, to recognize the differences in process and hazards between the two activities, with differences in loss costs ($1.73 vs. $2.41).The PCRB has not identified the

PCRB Addresses Scope of HVAC Code Read More »

Who Do You Represent in Each Transaction?

Delaware News, Industry News, Maryland News, Pennsylvania News, Resource Center / By

When placing business through brokers, they may refer to themselves as the “agent” and you as the “broker.” And they’re probably right. The adoption of the Producer Licensing statute around 2002-2003 generated a lot of confusion around basic terminology in our industry. That confusion lingers because of the way we use these terms and can

Who Do You Represent in Each Transaction? Read More »

Travelers Cyber Survey Finds Businesses Vulnerable

Delaware News, Industry News, Maryland News, Pennsylvania News, Products & Services / By

The 2020 Travelers Risk Index found that 22% of business leaders surveyed reported that their company had been the “victim of a cyber event.” This marks the highest percentage since Travelers’ 2014 inaugural survey. And while those surveyed reported increased cyber concerns, fewer of them took risk mitigation steps than last year. Read more about

Travelers Cyber Survey Finds Businesses Vulnerable Read More »

IA&B Recognized for Excellence in Insurance Education

Delaware News, Industry News, Pennsylvania News, Training & Education / By

IA&B was honored to receive two Excellence in Insurance Education Diamond Awards for the fourth consecutive year. The awards recognize significant contributions made to insurance education for Big “I” members and the industry and honor association professionals for their accomplishments. The Big “I” presented the awards at a virtual ceremony held during this week’s Education

IA&B Recognized for Excellence in Insurance Education Read More »

Updates on New State-Based Health Insurance Exchange

Industry News, Pennsylvania News / By

With the open enrollment period fast approaching, the Pennsylvania Insurance Department last week announced the approved 2021 individual and small group ACA rates, highlighting a decrease in the individual market they attribute to the new state-based exchange and reinsurance program. In a recent press release, Insurance Commissioner Jessica Altman noted that all insurers currently offering

Updates on New State-Based Health Insurance Exchange Read More »

COVID-19 Liability Waivers

Delaware News, Industry News, Maryland News, Pennsylvania News, Resource Center / By

As businesses, including independent insurance agencies, bring staff back into their offices, the concept of asking employees to sign a COVID-19 liability waiver is becoming more common. What is a Liability Waiver? When we conjure up the concept of a liability waiver, we typically think of a pre-event liability waiver. This is an agreement between

COVID-19 Liability Waivers Read More »

Scroll to Top