In an ever-changing work environment, continuous learning is critical. That’s why Pinnacol is dedicated to providing our agent partners with educational opportunities. Continuing Education (CE) Day is one way we support learning by offering free courses on insurance’s most pressing topics.
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PIIAC Has a Lot to Look Forward to in 2023
We are seeing a changing landscape and continually seeing changes that are impacting the way our member agencies do business. We continue to evaluate our offerings and resources that PIIAC provides and will continually add new resources and benefits for the betterment of our members.
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The Impact of Budgeting for your Business
A budget is simply an estimation of income and expenditures for a set period of time. What makes a budget powerful is when it is based on your goals.
READ MOREPIIAC Foundation to Donate $25,000 to B.O.L.D. 2026 – Big Opportunities for Leaders to Deliver
The PIIAC Foundation has made a five-year pledge to donate $5,000 per year to B.O.L.D. 2026; a total donation of $25,000. B.O.L.D 2026, Big Opportunities for Leaders to Deliver, is a five-year regional economic strength and resiliency initiative of the Arvada Chamber of Commerce.
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Ascend x PIIAC Partnership
We’re excited to share that PIIAC, Professional Independent Insurance Agents of Colorado, has named Ascend their newest recommended payments provider.
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The Impact of Technology on Your Agency’s Value
Technology is changing the insurance industry. In 2021 InsurTech firms raised over $15.4 Billion in funding, completed 566 deals, and 73% of those deals focused on P&C Insurance according to CB Insights.
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Givers Gain
I interviewed and joined the PIIAC board a little over seven years ago. I never expected to give this much of my time, but I must admit that I have gained more than I’ve given. My 36 years in the insurance industry include over 26 years working at a regional captive insurer. 2012 was the year I decided to join the ranks of independent agents. Prior to becoming an independent agent, I had met Barbara Fidler who was the CEO of PIIAC for many years. Joining PIIAC was an easy decision and pathway to meeting people in the independent channel.
READ MORE2022 Agency Growth Study
For independent agents, attracting and retaining top talent in today’s competitive hiring market means being intentional about creating a culture of care, inclusivity, and integrity. To explore the intersection of agency culture and DEI and give agents an opportunity to reflect on their efforts, Liberty Mutual and Safeco Insurance revealed findings from the 2022 Agency Growth Study in a new research report: Building Inclusive Insurance Agency Cultures.
READ MOREPIIAC DISTRIBUTES $1 MILLION IN MARKET ACCESS PROFIT SHARING
Professional Independent Insurance Agents of Colorado (PIIAC) has distributed $1,000,000 in market access profit sharing to PIIAC agency members who access markets through PIIAC and ASC (Agents Service Corporation).
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Great Changes are Here – Is Your Agency Prepared?
There are a million names for the unprecedented trend we are experiencing in the current employment market
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Investing in Your Agency’s People Can Lead to Big Returns
An agency owner reached out several weeks ago and asked me to meet with him and the owner of an agency in his town that he was looking to purchase. They had been talking for several years. They had a handshake agreement that someday he will buy the agency when the time is right.
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Planning for the Unexpected
An agency owner reached out several weeks ago and asked me to meet with him and the owner of an agency in his town that he was looking to purchase. They had been talking for several years. They had a handshake agreement that someday he will buy the agency when the time is right.
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Are You Prepared for Rising Interest Rates?
Any banker who’s lived through a few business cycles will tell you it’s nearly impossible to predict interest rate movements. According to data from the Federal Reserve Bank of St. Louis, the prime rate has changed 348 times since 1955. Over that 67-year period, the prime rate has dipped as low as 3.25% and risen as high as 21.5%
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Questions to Consider When Buying an Agency – Part 2
In part one of this article, we discussed how analyzing your alignment with an agency is a great way to begin considering an agency acquisition’s potential. Now we’ll look at additional factors, including how well the culture of your agency fits with the potential acquisition and some indicators of future success.
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Questions to Consider When Buying an Agency – Part 1
The best place to start in evaluating a potential acquisition is with you and your own agency. If you are clear on what you are looking for in an acquisition the process of evaluating opportunities becomes much more efficient and effective.
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