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Industry News

Standing in the Check-Out Line
Study investigates insurance purchasing trends and why customers switch distribution channels.
J.D. Power and Associates has ranked Erie as No. 1 in satisfying new buyers with their purchasing experience in its 2008 Insurance New Buyer Study. The study examines the purchasing behaviors and overall satisfaction of 8,452 consumers who shopped for a new auto insurer in the last 12 months and encompasses 17,677 unique quotes from 26 companies. J.D. Power identified three key factors that impact a customer’s overall satisfaction --- in order of importance --- including distribution channel (50%), price (29%) and policy offerings (21%) and ranked insurers’ overall performance in these areas on a 1,000 point scale. Learn more...

BIG "I" News

Big "I" Applauds House Subcommittee for Action on Insurance Regulatory Reform Legislation    
Scott/Davis NARAB legislation will benefit agents and consumers. The Independent Insurance Agents & Brokers of America (the Big “I”) applauds House Financial Services Capital Markets Subcommittee Chairman Paul Kanjorski and other Members of the Subcommittee for approving legislation to modernize insurance regulation, especially H.R. 5611, the NARAB Reform Act, which will reform nonresident agent licensing.  Along with H.R. 5611, today the Subcommittee approved H.R. 5840, the Insurance Information Act. Learn more...

For the Consumer

Consumers Can Minimize Homeowners Insurance Non-Renewals, Rate Increases
A new national survey by Trusted Choice® and The Independent Insurance Agents & Brokers of America (the Big "I") found that nearly 3.0 million households have lost their homeowners coverage since 2003. Despite the aftermath of Hurricane Katrina, most homeowners have done nothing to structurally reinforce their home to protect against a natural disaster. 
Full story.

BIG "I" Spotlight

Trusted Choice Disaster Relief Fund
Help Agents Affected by Midwest Flooding
If you’re interested in helping provide assistance to those affected by flooding in the Midwest, donate to the Trusted Choice® Relief Fund. The Fund, established to assist those who have suffered losses due to natural or man-made disasters, is seeking donations to help IIABA members, their agency staffs and others aid victims of the recent floods.

Assistance is provided through cash grants to pay for: immediate or ongoing financial needs when other funding sources (such as insurance and other grants) are not available; to fill the gap until other funding sources can be accessed and to provide insurance agents with supplies and resources to help in disaster relief efforts for victims. Because the intent of the fund is to provide assistance to deserving applicants, the fund paid out virtually all available money following Hurricane Katrina and is in need of more funding in order to be able to award grants. Please consider making a contribution Today!

The foundation is a 501(c)(3) entity and contributions are tax deductible to the extent permitted by law and no fees are deducted from contributions to the fund for staff time to manage and facilitate distributions from it.