The urge to merge

Article Abstract:

The National Association of Professional Insurance Agents and the Independent Insurance Agents of America have resumed plans to merge after several state associations concluded mergers on their own. The insurance agents associations in Minnesota led the way and have helped resolve such issues as reverse revenue-sharing of commissions. Problems in reaching a successful consolidation included deciding on who will lead the new organizations and how to merge state and regional organizations.

Insurance agents, brokers, & service, Insurance agents

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Agents veto national survey; PIA annual meeting

Article Abstract:

The National Assn of Professional Insurance Agents (PIA) voted not to merge with the Independent Insurance Agents of America (IIAA) at its annual meeting. PIA members also rejected a motion to admit direct writers to their ranks. The PIA did endorse a resolution calling for closer cooperation with the IPAA in the areas of federal legislation, technical concerns, agency markets, rating bureaus and contact with the National Assn of Insurance Commissioners.

INSURANCE CARRIERS, Insurance industry

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Disaster planning for agents

Article Abstract:

Property insurance agencies should prepare a plan for conducting business in case a natural disaster or other catastrophe hits the agency itself. For example, agency employees will have their own difficulties, and cash flow may be a problem for the agency. The agency should also formulate a plan in case an important employee dies. Additional techniques for planning to cope with catastrophe are discussed.

Fire, marine, and casualty insurance, Planning, Property and casualty insurance

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