Covered Losses
Typically unanticipated and nonrecurring, covered losses are an excess of expenses over revenue resulting in a net loss, arising from incidental transactions from which no revenue is obtained.
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Insurance Industry News from ProgramBusiness.com
NFIB Offers Applied DiscountThe National Federation of Independent Business (NFIB) recently began offering the industry’s top automated agency management system, The Agency Manager® (TAM) from Storefront Owner Applied Systems, Inc. http://www.programbusiness.com/tracking/sftracker.asp?Sfid=140 , at a preferred rate to its 20,000 insurance agent members.Applied Systems agreed to make TAM available at a 30 percent discount to insurance agents who are members of NFIB, the largest U.S. advocacy group for small business interests. For NFIB members who already use TAM, Applied Systems offers a 10 percent discount on services including training and data conversion.
TAM is used on more than 120,000 desktops for integrated policy processing, marketing, accounting, and reporting. Among TAM’s time-saving technology are features that allow one-time data entry for multiple databases, and the ability to participate in real-time transactions by seamlessly linking TAM to carrier systems.
“The NFIB is pleased to partner with Applied Systems in offering our membership the industry’s foremost agency management automation at a special rate,” said Jeffrey M. Koch, vice president, NFIB Member Services. “This special offer is another way the NFIB demonstrates its commitment to making independent agents more efficient and more profitable.” The NFIB brokers insurance business in its role as a managing general agent.
Applied Systems joins the select group of companies NFIB recognizes in its member benefits program, “Smarter Choices for Small Business.” Jeffrey D. Purdy, senior vice president of sales for Applied Systems, said the NFIB commitment to its agent members’ efficiency and profitability is a perfect fit for Applied Systems.
“The NFIB’s goals are compatible with Applied Systems’ 20-year commitment to deliver independent agents the power to make them more profitable,” Purdy said. “We look forward to taking NFIB members to new profit levels using not only our state-of-the-art technology but our range of superior services, as well.”
The NFIB is a nonprofit, nonpartisan organization that represents the consensus views of its 600,000 members in Washington, D.C., and the 50 state capitals. The organization was founded in 1943 and has headquarters in Nashville, TN. For information, insurance agents should visit http://www.nfidinsurance.com.
For more information about Applied Systems, visit their storefront at http://www.programbusiness.com/tracking/sftracker.asp?Sfid=140
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