As if 2020 didn’t test the insurance industry enough, 2021 has proved to be yet another challenging year for property & casualty insurers. We saw significant variations in reconstruction costs, growing threats to property from natural catastrophes, and the continued impact of the global pandemic. As the new year dawns on us, we asked the… Read More »
Managing general agents (MGAs) are a black hole of insurance knowledge – with many avenues of compensation, it can be confusing to understand how MGAs are even allowed to collect revenue, and it varies by state! (Of course it does, but you already knew that, you smartypants.) MGAs and their life insurance counterparts, MGUs, are… Read More »
Insurance producers have to follow different standards of care when it comes to serving their clients. While deception and fraud are never OK, depending on the situation, simply being honest about an insurance product doesn’t cut it. For most of U.S. insurance regulatory history, insurance producers have been held to a similar standard of care… Read More »