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Wednesday, 08/20/2008 

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Industry News

P-C Industry Outlook Turns Negative
S&P downgrades sector, citing declining pricing and lower investment income.
The U.S. property-casualty industry doesn't show signs of a recovery any time soon. Yesterday, Standard & Poor's Ratings Services downgraded the sector to negative from stable based on the ongoing decline in commercial lines pricing and decreases in investment income Learn more...

BIG "I" News

Big "I" Comments on Hartford Natural Disaster Plan 
The following is a statement by Bob Rusbuldt, President & CEO of the Independent Insurance Agents & Brokers of America (the Big "I") on the recent release of the Hartford natural disaster proposal. Learn more...

For the Consumer

Consumers Can Minimize Homeowners Insurance Non-Renewals, Rate Increases
A new national survey by Trusted Choice® and The Independent Insurance Agents & Brokers of America (the Big "I") found that nearly 3.0 million households have lost their homeowners coverage since 2003. Despite the aftermath of Hurricane Katrina, most homeowners have done nothing to structurally reinforce their home to protect against a natural disaster. 
Full story.

 

BIG "I" Spotlight

Trusted Choice Disaster Relief Fund
Help Agents Affected by Midwest Flooding
If you’re interested in helping provide assistance to those affected by flooding in the Midwest, donate to the Trusted Choice® Relief Fund. The Fund, established to assist those who have suffered losses due to natural or man-made disasters, is seeking donations to help IIABA members, their agency staffs and others aid victims of the recent floods.

Assistance is provided through cash grants to pay for: immediate or ongoing financial needs when other funding sources (such as insurance and other grants) are not available; to fill the gap until other funding sources can be accessed and to provide insurance agents with supplies and resources to help in disaster relief efforts for victims. Because the intent of the fund is to provide assistance to deserving applicants, the fund paid out virtually all available money following Hurricane Katrina and is in need of more funding in order to be able to award grants. Please consider making a contribution Today!

The foundation is a 501(c)(3) entity and contributions are tax deductible to the extent permitted by law and no fees are deducted from contributions to the fund for staff time to manage and facilitate distributions from it.

 

 

  

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