Tangled: When Producers Switch Agencies But Keep the Same Carriers

When insurance producers decide to switch agencies but keep working with the same carriers, it often causes a lot of confusion and paperwork for everyone involved. Changing agencies might seem simple—sometimes just signing a waiver—but other times it turns into a tangled web of contracts, agreements, and state requirements. Producers switch agencies for many reasons. … Read more

Illinois Reaches $1M Settlement in Wage-Fixing Case with Staffing Agency

The Illinois Attorney General’s office has reached a $1 million settlement with Midway Staffing Inc. after accusations that the temporary staffing agency took part in illegal agreements with other staffing companies. These agreements prevented the companies from hiring each other’s workers and fixed wages, limiting job options and pay for temporary employees. This settlement wraps … Read more

Washington Commissioner Assembles Advisory Board to Monitor Insurer AI Usage

Washington Insurance Commissioner Patty Kuderer brought together a new group this week in Seattle to talk about how artificial intelligence is being used in the insurance world. The meeting marked the first gathering of the state’s Artificial Intelligence Advisory Board, which will focus on shaping policies, overseeing regulations, and helping consumers understand AI in insurance. … Read more