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Big I Buzz - July 29, 2020

Posted By Evan Leitch, Wednesday, July 29, 2020

In this week's Big I Buzz, we have news about the success of the WEDC "We're All In" small business grants that the IIAW assisted eligible members with obtaining, IIABA's new Agency Cyber Guide 3.0 from ACT and a new report shows that the average age of cars Americans drive is about 12 years.

WEDC "We're All In" Small Business Grant

The WEDC Reviewed more than 30,500 applications for the 'We're All In' grants for small  businesses. The IIAW assisted hundreds of Wisconsin insurance agencies in obtaining this grant. 

 ACT Releases Agency Cyber Guide 3.0

Handling sensitive information is now one of the most critical responsibilities faced by the modern insurance agency. Independent insurance agents and brokers must properly collect and protect sensitive client information every day. This means complying with state and federal regulations as well as adhering to customer service best practice standards, and compliance with Data Privacy Laws as mandated in all Agency/Company contracts. 

 Average Age of Cars Americans Are Driving Nears 12 Years: IHS Markit

Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to the highest level in nearly 20 years even before the coronavirus hit, according to new data from IHS Markit Ltd. That is not good for emissions or safety, but t could give a lift to companies that manufacture and sell repair parts.  

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. We hope that everyone has a great rest of their week! 

 

Read the July 29 edition of the Big I Buzz Here

Tags:  Big I Buzz  IIAW news  insurance industry news  Insurance news  insuring wisconsin  weekly wisconsin insurance agent newsletter  wisconsin insurance news 

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Big I Buzz - July 15, 2020

Posted By IIAW Staff, Wednesday, July 15, 2020

big i buzz

It's July 15th and we are speeding through the summer. We have a lot of news to cover in this week's Big I Buzz. You can stay up-to-date on all weekly news by subscribing to our email newsletter here.

InsurCon2020 

We have made the difficult decision to delay InsurCon until 2021. We feel strongly that the safety of our members, exhibitors, staff and speakers come first. You can look forward to InsurCon2021 - as it is now scheduled for May 10-11, 2021. We are pleased to share that Joe Theismann will still be a keynote speaker in 2021. You can stay informed on InsurCon20201 updates as we release new information on our website here

Walmart Launches Insurance Business

On July 9th, news broke that Walmart is joining the health insurance industry as an intermediary. In an email statement to CNBC, Walmart confirmed they had created an insurance agency, but their spokesperson, Randy Hargrove, would not share details about the plans it would sell, or the pricing of those plans. Read more from Insurance Business Magazine here

House OKs $1.5 Trillion Infrastructure Plan That Impacts HOS, Insurance

The Moving Forward Act was approved by the House this week and if passed by the Senate, would increase the minimum amount of liability insurance commercial motor vehicles are required to maintain from $750,000 to $2 million. Additionally, if passed the bill would fund projects to fix roads and bridges, upgrade transit system, expand interstate railways and dredge harbors, ports and channels. This bill would also authorize more than $100 billion to expand internet access for rural and low-income communities and $25 billion to modernize the USPS's infrastructure and operations, including new, electric vehicles, according to ttnews.com. 

We hope everyone has a great rest of their week!

Tags:  Big I Buzz  insuring Wisconsin  weekly wisconsin insurance agent newsletter  wisconsin insurance agency help  wisconsin insurance blog 

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