The updated guidance, which was to take effect June 1, would subject all federally backed mortgages (approximately 70% of the market) to revised property insurance requirements.
Fannie and Freddie Postpone Updated Property Insurance Requirements (MD Update) Read More »
Beginning Oct. 1, Maryland will become the third state to repeal pre-licensing education requirements since the NAIC removed them from its model act and licensing standards.
MD Legislature Drops Education Requirements for Producer Licensing Read More »
The MIA is directing individuals and businesses struggling to pay insurance premiums due to financial losses from the Key Bridge collapse to contact their insurance agent or company about accommodations.
Key Bridge-Related Premium Accommodations Read More »
The U.S. Department of Labor issued a final rule changing overtime eligibility for workers under the Fair Labor Standards Act FLSA. To prepare, access IA&B’s newly updated FLSA white paper.
IA&B Updates FLSA Resources to Reflect New Overtime Rule Read More »
Review highlights from the legislative session, including IA&B’s successful deflection of several potentially damaging proposals.
2024 Maryland Legislative Recap Read More »
ACORD is reminding agencies to obtain their end-user license (which is complimentary for most IA&B members) to remain compliant.
Remember to Claim Your ACORD Forms License (MD Update) Read More »
An agency agreement can affect everything from your E&O coverage to indemnification requirements to book ownership. That’s why we work with carriers, such as MMG Insurance Company, to review their contracts.
Revised MMG Agency Agreement Earns IA&B Seal of Approval Read More »
The U.S. Department of Labor issued a final rule changing overtime eligibility for workers under the Fair Labor Standards Act FLSA. Learn what it means for your agency.
Final Rule to Increase Compensation Thresholds for Overtime Eligibility Read More »
This bill, which would have misled policyholders about reassessments and deflected attention away from the impacts of MAIF’s rate inadequacy, did not pass.
Changes to MAIF Reassessment Notifications (MD HB 1483) Read More »
The legislation, aimed primarily at increasing uninsured motorist penalties, will take effect on July 1. Because of the quick turnaround time, IA&B expects some insurers will use policies with outdated language until they can make the necessary programming and product filing changes.
Increases to Uninsured Driving Penalties, Funding for MAIF (MD HB 1482) Read More »
