NAIFA's Performance + Purpose conference attendees got a chance to work with an Orlando-based non-profit on several charitable projects, including putting together food kits for residents of the Bahamas affected by Hurricane Dorian. "Helping people is in NAIFA members' blood, so partnering with Hands on Orlando while we are in town is a natural fit," said NAIFA President Jill Judd.
Focusing on a few important goals in your professional and personal lives and not trying to do too much will have a positive effect on your business, Next Level Insurance Agency CEO Danny O'Connell said during NAIFA's Performance + Purpose conference. "We all have expectations and most of our trials and tribulations come from the reality of unmet expectations," he said.
Three financial professionals shared tips with attendees at NAIFA's Performance + Purpose Conference about what has made them successful. Among their recommendations were knowing sales metrics, delegating tasks and automating when possible.
The insurance industry is encouraging California regulators to allow greater use of probabilistic models in assessing homes' risk, as insurers in the state currently must set their average rates based on historical data. Consumer advocates say such modeling fails to account adequately for homeowners' wildfire-mitigation efforts, but companies say they have updated their models to account for a greater variety of factors.
A proposal by the National Highway Traffic Safety Administration would let automakers provide multiple sound options for electric vehicles to alert nearby pedestrians and cyclists. The change would lift the current restriction of one sound per model; electric vehicles will be required by September 2020 to produce such alerts when traveling at speeds up to 18.6 mph.
Safety technology including telematics, onboard cameras and collision-avoidance systems represent an increasing area of focus in commercial auto insurance as rates continue to rise and excess liability insurers are struggling in the space, experts say. Commercial auto insurance could be on track for a ninth straight year of underwriting losses, which indicates a need to address risk selection and claims severity, Fitch Ratings says.
A storm system in the Gulf of Mexico could generate as much as a foot of rainfall in parts of the central and upper Texas coast this week, the National Hurricane Center said. Whether a system such as this one develops into a named storm is "not as important as its potential impacts," writes Marshall Shepherd, director of the University of Georgia's Atmospheric Sciences Program.
A Maine law taking effect Thursday will prohibit drivers from handheld cellphone use beyond a single tap, touch or swipe on a mounted or fixed device. If a cellphone is "just sitting in your lap or in the seat beside you, then you will not be able to touch it at all," said Lt. Bruce Scott of the Maine State Police.
Florida state Rep. Richard Stark, an insurance broker, has introduced legislation that would disallow certain incentives that auto glass repairers offer to consumers. Meanwhile, state Chief Financial Officer Jimmy Patronis has said next year's legislative session will address assignment of benefits in windshield repairs.
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