Keep up with the latest news in the insurance industry
Is your agency facing a brain drain? Are you finding it tough to attract new talent in the tight labor market? February is the
4th annual Insurance Careers Month. Use the month to examine your agency’s current approach to hiring, to research best practices in attracting and retaining talent and to embark on a path to “up your game” in conducting outreach to new hires.
Are you looking for ways to accelerate your agency growth? Exploring the idea of joining an insurance agency network? Maybe your agency is already a member of a network. What benefits shoudl you expect from this affiliation? How can membership in an insurance agency network impact your marketing, your growth, your bottom line? Renaissance Alliance Chief Technology Officer Michael Freilich will join a panel of other network executives to discuss these and other ways that group membership can greatly benefit your agency in a live webinar on Tuesday, February 11th, hosted by Agency Revolution.
The month kicks off with Super Bowl LIV – offer your clients last-minute recipe tips and hosting liability reminders on social media. After that, the main theme of the month mainly revolves around matters of the heart, from Valentine’s Day and Random Act of Kindness Day to American Heart Month and Wear Red Day — a perfect time to show your customers some love. Other commemorations include African American History Month, President’s Day and Groundhog Day. Towards the end of the month, we wrap up with Mardi Gras and an extra Leap Day!
When you search Google for a specific business, do you ever wonder why some businesses deliver search results with a box on the right side of the search results page that includes a picture, a map and other information about that company? Or maybe your own agency appears there and you wonder how. It’s called “Google My Business” – if you haven’t claimed your business or opened an account to manage the information that appears, here’s how to get started:
As an agency principal, keeping current with new employment laws is an important part of agency management. Even if you have a payroll service or HR consultant, you should know how changing laws will affect your agency operations and staff. Plus, as a trusted business advisor, it’s important to know how these laws might affect your clients so that you can offer informed counsel about risk management. Here are key employment laws and issues kicking off the new year.
Executive Chairman Kevin R. Callahan says that Renaissance Alliance has seen increased interest from agencies not just for new markets and strengthened profit sharing, but for services that help their agencies grow. “That’s where we excel,” says Callahan. “The Renaissance Alliance proprietary growth acceleration process attracts progressive agencies eager to grow at a rate well beyond their competitors. Our 20+ year track record of performance demonstrates the growth potential is real.”
Massachusetts has long been known as one of the lowest cost states for workers comp, so it came as a surprise a few years ago when the state lowered workers comp rates by an average of 12.9%. Well, here comes another surprise: The Workers Compensation Rating & Inspection Bureau of Massachusetts (WCRIBMA) has recommended yet another rate cut, this time averaging 3.9%.
We’ve gathered some January observances and events to help you cruise into 2020 with a great social media and client communication calendar.
You have to admit it – jolly old St. Nicholas runs one heck of a business operation so it takes an experienced insurance agent to plan the right coverage package. He runs a factory that operates 24/7, along with a busy warehouse and shipping operation. He employees a huge number of elves and maintains a herd of reindeer. He has at least one specialty vehicle, although we suspect he also needs some back-ups. His operations span the globe and he engages in extensive business travel.
OK, Boomer – move over … Millennials (aka “Gen Y”) are now the largest generation in the workforce. According to Pew Research, “As of 2017 – the most recent year for which data are available – 56 million Millennials were working or looking for work. That was more than the 53 million Generation Xers, who accounted for a third of the labor force. And it was well ahead of the 41 million Baby Boomers, who represented a quarter of the total. Millennials surpassed Gen Xers in 2016.”
It’s been more than a year since we posted our intro to blockchain and distributed ledger technology (DLT). In noting last week’s announcement by London investment bank HSBC Holdings that it planned to move $20 billion in assets to blockchain technology, we thought it might be a good time to revisit the topic and look at recent insurance developments.