EPIC Insurance Brokers & Consultants introduced its Construction & Infrastructure Group (C&I Group) to serve general contractors, specialty contractors, architects, engineers, developers and other industry stakeholders.
A newly introduced bill in the Illinois General Assembly aims to significantly alter the regulatory oversight of the title insurance industry. Senate Bill 2648, introduced by Sen. Bill Cunningham, proposes shifting enforcement authority from the Department of Financial and Professional Regulation (IDFPR) to the Department of Insurance (DOI). This strategic move could streamline insurance oversight…
The lawsuits come amid growing instability in the state’s property insurance market, where several insurers have scaled back offerings or exited the market altogether, citing increased wildfire risk, rising claims costs, and regulatory constraints. Source link
Speaking to IB, he said that most industry leaders agree that the future of insurance networks will be shaped by strategic growth, technological advancements, and increased collaboration. Specifically, Strakhov pointed to discounted vendor services, specialized support in accounting, legal, financing and consulting, as well as partnerships with MGAs and wholesalers that allow agents to manage…
As small business owners, staying updated with the latest regulations and compliance standards is crucial for the smooth operation of your business. A significant update that demands your attention is the change in the federal independent contractor test by the U.S. Department of Labor (DOL). Effective March 11, 2024, this new rule has far-reaching implications…
