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March 3, 2016
Industry News

With Google Gone, What’s the Future for Online Insurance Shopping?

The demise of Google’s online insurance comparison site Google Compare is being hailed by some in the industry as a victory for the traditional agency system.

But agents may want to hold off on breaking out the champagne. Leading online insurance shopping sites say they are not deterred by Google’s missteps in the online insurance shopping space. In fact, they are just ramping up and have big plans to expand their reach through partnerships with companies outside of the insurance industry.

“Insurance is not the reason Google Compare shut down,” said Keith Moore, CEO of online insurance compare, quote and buy site CoverHound.com, which was a partner of Google Compare that connected its users to CoverHound’s platform to purchase policies. Read more
Source: Insurance Journal

Are your clients using HR effectively to manage risk?

As a property and casualty agent, you think about risk.

Day in and day out, you’re focused on the various threats that your clients face and what you can do to help them avoid these risks.

Insurance agents keep on top of these threats by making sure they are aware of the latest regulatory and industry trends and switched on to the insurance products that will protect their clients’ businesses. But there’s one huge risk management factor that might have evaded your business radar screen: good HR practices. Read more
Source: PropertyCasualty 360

SECURA names new Vice Presidents

SECURA Insurance recently promoted several individuals in its organization.

“These people exhibit the best about our company,” said Dave Gross, SECURA President & CEO. “They have the strong leadership, vision, values, dedication, hard work, and expertise to back it all up.” Employees recognized include:

Association News
90% of small businesses in the U.S. do not protect their data from cyber attacks.  Has your agency taken precautions to avoid a cyber attack?
Last week's results

Benefits Bracket 2016

Its that time of year again!

Want to win $100?  Here's how:

  1. Click below to download your copy of the 2016 Benefits Bracket.
  2. Complete and return to IIAK before March 23.
  3. Stay tuned to the IIAK Facebook page and www.iiak.org/contests for updates.

Good luck!

EKU Robert B. Morgan
Insurance Conference
(formerly EKU I Day)
Register Before March 11 for 
Early Bird Rate!

Details:
  • Where: EKU Center for the Arts
  • When: April 5, 2016
  • Cost: $45 Early Bird, $50 Regular
    (MUST register with IIAK to get this rate)
  • Up to 6 hours CE Pending
  • Lunch provided

CRM Recap

Thank you to everyone who attended our recent CRM: Control of Risk class. Our numbers continue to grow and soon we will have more CRM designees in our state!

We had 41 attendees and 28 took the exam! Good luck to those pursuing this designation.

“Insurance in the News” - How to get policy language changed, drones, hoverboards, driverless/electric cars, and any other hot topics

Co-Host: Marty Agather 

Guest Interview: IIABA's Technical Affairs Committee

Inquiring Minds Want To Know

Benefit Highlight
Agency Consultant

IIAK recommends The Moberg Group (TMG) for Westport E&O policyholders interested in risk management auditing.

The Moberg Group, a management consulting firm specializing in the operational analysis of insurance agencies, provides all Risk Management Audits for the E&O SwissRe/Westport program.

SwissRe/Westport offers a five year 10% premium credit for completion and compliance with the Moberg Review Program. This credit is in addition to any other educational credits earned by the agency. 

TMG can offer many other services at an additional cost. They canhelp you with mergers and acquisitions, agency perpetuation, producer and staff compensation planning, sales and producer management, producer training, workflow and procedures and improvement to agency productivity and profitability.  

The Moberg Group's audit procedures are designed for even the smallest agencies, so every agency can take advantage of and benefit from the credits available for agencies that complete and comply with the program.

IIAK Members will receive a FREE Agency Operations and Procedures Manual (a $250 value) just by completing an audit with TMG.

ALL IIAK Members will receive a FREE 1-hour consultation with TMG per member/per year. Contact The Moberg Group for more information.

E&O Audits: They're Not Too Scary

Understanding the benefits of an E&O Agency Audit

Upcoming Events
Regional Meeting
May 10 • Kentucky Dam

Big “I” Sales & Leadership Conference
June 8 & 9 • Bowling Green

Regional Meeting
August 16 • Owensboro

Regional Meeting
August 23 • Louisville
Regional Meeting
September 21 • Lexington

Regional Meeting
October 5 • N. Kentucky

Young Agents Day at Keeneland
October TBD

120th Annual IIAK Convention & Trade Show
November 9-11 • Louisville
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(as of 3/2/16)
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