About 10 days ago, the Independent Insurance Agents of Georgia held their annual convention. This year, after many years at Amelia Island Plantation, the convention moved to the Marriott Resort on Hilton Head Island. Unfortunately, the weather was not as great as the facility, but a good time was had by all who attended. […]
Read more...Category: Current Events
Severe Weather Issues for Insurance Agencies
Given the likelihood that Hurricane Irma will have a significant impact on the Georgia coast and potentially other areas of the state, I thought it would be a good idea to remind agency owners of the rules regarding payment of their employees if their offices are closed. My blog post in January of this year explains those rules […]
Read more...IIAG Annual Convention – What You Missed Too
My last post described what Harrison Brooks of Reagan Consulting had to say to those who attended IIAG’s annual convention earlier this month about major trends affecting the insurance industry. He also had some advice on how an agency can determine if it is doing what needs to be done to be successful in the long […]
Read more...IIAG Annual Convention – What You Missed
The 120th annual meeting of the Independent Insurance Agents of Georgia was held earlier this month. It began earlier than usual with a two hour legislative panel on Thursday afternoon followed by morning meetings on Friday and Saturday, which ended an hour earlier than usual. However, the information and networking opportunities provided were as valuable as […]
Read more...Do You Know What a QSEHRA Is?
If you don’t know the answer to the above question, you should for it can be a benefit to both your agency and your small commercial lines customers. QSEHRA stands for “Qualified Small Employer Health Reimbursement Arrangements”, which were created by the 21st Century Cures Act that was signed by President Obama just over three […]
Read more...FLSA Issues That All Agencies Should Be Aware Of
It has been over a week since a federal District Court Judge issued an injunction staying the implementation of the new overtime rule (click here for more information on the injunction), and it does not appear that the U.S. Department of Labor is going to try to have the injunction overturned on appeal, at least […]
Read more...Court Stays Implementation of New Overtime Rule
Yesterday, a judge on the U.S. District Court for the Eastern District of Texas entered a preliminary injunction staying the enforcement of the new overtime rule that was to take effect on December 1, 2016. (Click here for an explanation of the rule.) The judge found that rule to be unlawful because it imposed a minimum […]
Read more...IIAG Fall Conference – What You Missed
IIAG had its annual Fall Conference a couple of weeks ago. This year it was held at a conference center in Augusta that was adjacent to Riverwalk Augusta, which is a beautiful park that runs next to, and in some places along the top of, the levee that separates downtown Augusta from the Savannah River. If […]
Read more...Cyber Security Coverage Gaps
My last post pointed out the need to carefully review a potential insured’s exposures to data breaches and then make sure that the policy chosen adequately covers those exposures. The latter task is made more difficult by the lack of standardized cyber liability policies. Each company has their own form for such policies and as the […]
Read more...Cyber Security Insurance – Traps for the Unwary
It has been awhile since I last posted anything about cyber security, but it continues to be a very hot topic in the various insurance related newsletters that I receive. As I noted in my first two posts of this year, cyber security is a two-edged sword for insurance agencies. While they need to protect themselves […]
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