IA&B Relocates Headquarters
IA&B moved its headquarters. Update your records accordingly.
Month: February 2022
NFIP Risk Rating 2.0 Renewals
As Risk Rating 2.0 becomes fully effective, The Hartford will implement FEMA’s automated renewal process for National Flood Insurance Program (NFIP) policies.
Alert Related to Sale of Non-Insurance Investment Products
Be mindful as insurance producers in some parts of the country are being targeted to market or sell unregistered securities.
Determining IA&B’s Position on Insurance Legislation
The IA&B Government Relations Committee met this week to weigh in on several bills that could impact independent agents and their customers.
NFIP Extended until March 11
A stop-gap funding measure passed by Congress includes a short-term extension of the National Flood Insurance Program (NFIP).
Palek v. State Farm Offers Lessons for Agents
While a court recently dismissed claims of alleged misrepresentation of policy coverage, the Pennsylvania case serves as a reminder of what agents should not do with respect to foreseeable risks of coverage.
Advocacy in Full Swing; EUIM in the Crosshairs
IA&B this week testified in Annapolis against a bill that would mandate Enhanced UIM and, in turn, cause disruption in Maryland’s personal auto insurance market.
House Extends NFIP until March 11
The Senate now must approve the funding extension before Feb. 18 to prevent a lapse in the National Flood Insurance Program (NFIP).
2022 Labor Law Posters
Does your agency have the required labor law posters displayed?
Minimum Wage Increases
The minimum wage rate increased in Maryland and Delaware as of Jan. 1, 2022.