Each September, the Federal Emergency Management Agency (FEMA) in the US Department of Homeland Security sponsors National Preparedness Month. There are several different organizations that participate and encourage Americans to take action. According to www.CDC.gov, one of the major goals of National Preparedness Month is to educate the public about how to prepare for emergencies, …
Risk purchasing groups have been used in many areas of commerce, for insurance purposes they were authorized by the 1986 Federal Liability Risk Retention Act. People often confuse Risk Purchasing Groups with Risk Retention Groups. We will discuss the key differences and similarities between the two. What are the Differences? The key difference between risk …
A Basic Comparison of Risk Purchasing Groups Vs. Risk Retention Groups Read More »
There are many different acronyms and terms that are thrown around in the insurance industry. If you are not familiar with what some call the ‘secret language’ that agents and brokers use, you may find yourself completely confused after talking with other insurance professionals. One of those acronyms is ‘MGA’ which is short for ‘Managing …
There are many different acronyms and terms that are thrown around in the insurance industry. If you are not familiar with what some call the ‘secret language’ that agents and brokers use, you may find yourself completely confused after talking with other insurance professionals. One of those acronyms is ‘MGA’ which is short for ‘Managing …
