TD Insurance Inc. has announced that it is taking steps to make it simpler for its customers to monitor their own accounts so that they have added protection against identity theft. The insurer, which is among the top 10 bank-owned insurance agency and brokerage firms in the country, as well as TD Bank, “America’s Most Convenient Bank”, are offering their customers the use of the ITAC Sentinel Plus program. Its features include the following: • Daily surveillance of debit and credit card accounts over the internet, with additional monitoring of…
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How to prepare an insurance agency to be sold
The perceived value of an insurance agency is impacted by a number of different factors, but there are three among them that will have the greatest influence. These three critical factors are the same as those that would influence the perceived value of any type of investment, and are: • Market conditions • Pro forma earnings • Risk connected with earnings in the future Market conditions are vital to the sale of any form of investment, and timing can significantly influence the sale’s net gain. The parts of market conditions…
Read MoreFlorida insurance agency launched new interactive digital marketplace to help serve consumers
Strong Tower Insurance, an insurance agency based in Florida, has launched a new interactive marketing campaign in an attempt to broaden insurance coverage throughout the state. The agency has built a new website that will help consumers connect with the company and find policies that suit their needs. The website will serve as a virtual marketplace akin to the ones that will be set up in each state by health insurance exchanges. Instead of encompassing the whole of the state’s insurance companies, however, the policies found through the website will…
Read MoreInsurance groups rally against New York rule that puts pressure on agents
Two insurance groups have filed an appeal with the New York Supreme court regarding a decision regarding the state’s new broker disclosure rule. The rule, New York Insurance Regulation 194, requires insurers to inform policyholders on how policies are paid out even if such information is not requested. Several other states have similar rules, much to the chagrin of the insurance industry that often withholds information it deems arbitrary. The two insurance groups are looking to have the rule revoked. The Independent Insurance Agents & Brokers of New York and…
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