The insurance industry is experiencing a huge generational shift. As aging baby boomers head to retirement, younger generations of agency owners prepare to take charge. Are they ready to lead? Leadership succession is always a disruptive time in any organization. You can lessen the turbulence and future-proof a healthy agency with proper planning and clear communication.
Agents are, by and large, incredibly honest people. We need to be – our very livelihoods depend on our reputations and the values we share with our customers. However, we’re human (I know, shucks.) Just like every other human on the planet, we tell ourselves little white lies to make scary, daunting, and overwhelming situations feel better. But we’re not doing ourselves any favors. Learn about some of the biggest lies we tell ourselves – and how we can move past them.
Two new employment related issues are worth your attention, both as an employer and as an advisor to your commercial clients: the proposed rule change for the overtime threshold and an EEOC report on an uptick in sexual harassment claims since #MeToo. Learn what you need to know about these issues.
Massachusetts agencies take note: Are you paying women the same salary that you pay men for comparable work? It's worth taking an inventory because on July 1, 2018, an updated equal pay law will go into effect in Massachusetts. The law covers employers of all size. Employers that are successfully sued for non-compliance face double damages and legal fees.
Managing insurance licensing and compliance is complex. You often don't know what you don't know and that leads to numerous compounding problems. To help our member agencies simplify the licensing process and ensure compliance, Renaissance Alliance has arranged with Insurance Licensing Services of America (ILSA) to offer their services at a members-only discounted rate.