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Stay up-to-date on important industry news and the latest products and services from InsurBanc.
In today’s rising rate environment, it is essential that agencies review their cash management strategy to optimize use of agency funds. InsurBanc Director of Cash Management, Patricia Smith, discusses the use of cash management sweep accounts to maximize earnings on idle funds in a recent Independent Agency Magazine article.
Click here to read the article.
Join the discussion of bank soundness in the wake of the 2023 bank failures, what it means to the insurance industry and what agency owners should be asking their banks. InsurBanc President and CEO, David Tralka, discusses the topic of bank soundness with Insurance Journal.
Click here to read the article.
With a large pool of young agents wanting to become agency owners and eager to take the reins and agency owners considering exit strategies, now is the time to have the conversation!
Whether you are an agency owner initiating your succession plan or a 30-something year old ready for an ownership opportunity, join the discussion with InsurBanc’s Scott Freiday and Keith Mangini in a recent Rough Notes article.
Click here to read the article.
Insurance agents provide security and protection to their clients on a daily basis, but do you know how to protect your agency from bank fraud? Patricia Smith, InsurBanc’s Director of Cash Management, discusses ways criminals attack banking information and the tech tools you can employ to prevent fraud.
Click here to read the article.
Listen to the latest Agency Nation Radio podcast with InsurBanc Division Director Scott Freiday and ECI Insurance agency principal Avery Moore as they share strategies and anecdotes for aspiring agency owners on how to get started early with proper planning and financing.
Click here to listen.
Creating a succession plan can be a daunting task. And when unforeseen events occur, the process can be overwhelming. Learn from one agency’s challenges and have the necessary conversations sooner rather than later. Connect with InsurBanc’s SVP Scott Freiday and ECI Insurance owner Avery Moore’s conversation on “Doing Succession Planning the Hard Way” in IA Magazine with Peter Van Aartrijk.
Click here to read the article.
Inside Buyers? Outside buyers? Become familiar with all the facts before you decide on which direction to take your agency. Scott Freiday, SVP and division director at InsurBanc, will help you understand how “inside” and “outside” buyers differ and assess what the differences mean to your agency.
Click here to read the article.
Succession planning is vital to safeguarding an agency’s legacy and preserving the industry via perpetuation. A recent article by Robert Pettinicchi, InsurBanc’s EVP and Chief Lending Officer, discusses the five reasons ESOPs may work for your succession plan.
Click here to read the article.
Banking fraud in today’s world is an ever present issue when insurance agencies are moving money. In a recent PropertyCasualty 360 article, Patricia Smith, InsurBanc’s Director of Cash Management, discusses understanding how this fraud is organized and executed to put you in a better position to protect your agency.
Click here to read the article.
Listen to the latest On-Point podcast as David Tralka, president and CEO of InsurBanc, discusses the health of the independent agents, the M&A landscape and options for agency principals thinking of selling – staged exits, private equity offers and ESOPs. If you’ve ever considered a sale to a third party, Dave outlines how to justify selling internally even when an outside party offers huge money.
Click here to listen.
InsurBanc understands independent agents and their businesses. We specialize in insurance agency financing. Whether your needs include agency perpetuation funding, insurance agency acquisition or simply understanding your cashflow as it relates to your banking needs, InsurBanc can help agencies nationwide.
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InsurBanc will be closed on Monday, October 9th in observance of Columbus Day.
