surance issues. It is named as a tribute to the late Congressman Gerald Solomon (R-N.Y.), the former House Rules Committee chairman and Big “I” member who championed independent agent and broker legislative concerns during his 20 years in the U.S. House of Representatives.
Visitor Center and attendees included Big “I” executive and government affairs committee members, agents and brokers from Rep. Ross’s home state of Arkansas and other industry leaders.
ly. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life, health, employee benefit plans and retirement products. Web address: www.independentagent.com.
Rep. Mike Ross (D-Ark.) serves on the powerful House Committee on Energy and Commerce (including the Energy, Health and Oversight and Investigations Subcommittees) and the House Foreign Affairs Committee. Viewed as a rising star, his leadership skills and workhorse approach have been hailed in Washington and by his party since he was first elected to Congress in 2000. Ross is in his fifth term and represents the Natural State’s fourth congressional district, which includes the southern region of the state. Rep. Ross is a former insurance agent and Big “I” member.
The Big “I” Legislative Conference and Convention took place March 3-5, in Washington, D.C. Highlights included issues briefing sessions; speakers discussing important insurance and national issues confronting lawmakers, as well as agents and brokers; a CEO panel comprised of presidents and/or CEOs of CNA, The Hartford, Fireman’s Fund, and Safeco; and hundreds of meetings on Capitol Hill between Big “I” agents and brokers and their elected representatives in the Congress.
The event was held at the U.S. Capitol
Founded in 1896, the Big “I” is the
nation’s oldest and largest national as-
sociation of independent insurance
agents and brokers, representing a net-
work of more than 300,000 agents,
brokers and their employees national-
DALLAS—U.S. Home Team, Inc.,
Dallas ( www.us-hometeam.com),
has partnered with Mt. Hawley In-
surance Company, an A.M. Best
“A+” rated insurance carrier, and a
member of the RLI Group of Insur-
ers to offer the Texas Homeowner’s
Deductible Buyback Policy.
This policy does not replace the homeowner’s policy, but is a separate policy that reduces the homeowner’s out-of-pocket expenses for covered non-wind and hail claims down to $200. The policy is written on a following-form basis under the homeowner’s primary insurance policy.
“As you may be aware, deductibles on homeowner’s policies in the State of Texas are often 1% or higher of the dwelling value on the policy,” said Guy Hoffman, U.S. Home Team, Inc. “This means that many losses due to common perils such as sudden and accidental discharge (hot water heaters bursting, pipes breaking, dishwasher, toilet, or washing machine overflow), small kitchen or grease fires, vandalism and malicious mischief, etc., often fall below the deductible, or just above it — making it undesirable to file a claim.
“Even when the loss is significantly higher, many policyholders can’t afford their deductibles, leaving them with a significant gap between the indemnity they receive from their insurance carrier and the cost to restore their property to its pre-loss condition.”
16 MARCH 11, 2010 • THE INSURANCE RECORD
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