Happy Wednesday! In this week’s Big I Buzz: flood resources for Independent Agents, and a long-term win in the fight against insurance fraud.

Flooding Hits Wisconsin - Resources to Protect Your Clients & Agency

Severe storms swept through the Midwest this weekend, with the Milwaukee area experiencing some of the heaviest rainfall. West of the city saw 8 to 11 inches of rain, leading to significant flash flooding and the cancellation of the final day of the Wisconsin State Fair on Sunday.

Here are several flood insurance resources to help you protect your clients and your agency:

• Avoiding Agency Errors & Omissions Claims by Offering Flood Insurance and Excess Flood Coverage
  Learn how to reduce your E&O exposure by ensuring clients are informed about both standard and excess flood insurance options.
• The Insurance Agent’s Guide to Selling Flood Insurance
  A practical guide covering the essentials of flood insurance and tips for getting started with sales.
• Big “I” Flood Insurance
  In partnership with Selective, Big “I” Flood offers members an industry-leading flood insurance program with unmatched service and support.

Fighting Insurance Fraud: A Long-Term Win for the Industry

The Coalition Against Insurance Fraud estimates that insurance fraud crimes cost the U.S. around $308.6 billion each year. From staged slips and falls to elaborate schemes involving lawyers, doctors, and claimants, bad actors have exploited the legal system for profit. However, momentum is shifting. Insurance carriers are ramping up efforts to root out fraud, and while the full results aren’t yet clear, the potential long-term impact could reshape the industry. Read more here.

For more news, check out the Action News section of our weekly e-newsletter, Big I Buzz. If you aren’t subscribed, click here to add your email to our emailing list.