• Market Access Programs

    Access to markets is a critical part of success for independent agents. Fortunately, with FAIA membership comes access to Independent Market SolutionsEagle Agency, and Big "I" Markets.

    In addition, personal umbrella, commercial umbrella, and in-home business through RLI is available through FMS, as if flood through Old Dominion. 

    Independent Market Solutions

    FAIA created Independent Market Solutions in 2007 to help create a more robust private property market for member agents. After the punishing 2005 hurricane season, many national and regional carriers exited the state, leaving agents few options other than the state-run residual market. 

    Today, IMS, is a separate entity, jointly owned by participating IIABA affiliated state associations. Its purpose is to:

    • Provide member agents access to markets and alternatives that may be otherwise unavailable.
    • Offer more choices for independent agents, which equates to greater competition for their services.
    • Create added marketplace leverage, particularly for smaller agents, through IMS negotiated contract terms.

    IMS-Florida Participating Carriers

    Following is a list of companies currently accessible to FAIA members through Independent Market Solutions:  

    • American Traditions Insurance Co./Modern USA Insurance Co. 
    • Bankers Insurance  
    • Cypress Property & Casualty Insurance 
    • Elements Property Insurance Co. 
    • Heritage Insurance 
    • United Property & Casualty Insurance Co. 
    • Universal North America Insurance Co.   

    Visit the IMS website for market availability, commission rates, and to sign up.

     

    Eagle Agency

    Eagle Agency is an independent agency operated by the Big "I" that allows members access to personal automobile, personal umbrella and personal watercraft through both MetLife and Travelers; and personal and commercial automobile with Progressive. If you are new to the business or a newer agency, Eagle is an especially good fit for you. 

    There are two ways to write business through Eagle Agency: as a sub-appointed Eagle Agent or through Eagle Express. In both cases, the agency maintains ownership of the business and commission paid is graduated based on volume.

    Eagle Eagle Plus Eagle A-Plus Eagle Express
    Membership Fee $100 Membership Fee $100 Membership Fee $100 Membership Fee $100
    Agency/Agent sub-appointment. Agents vetted by the companies. Possible direct contract in two years. Agency/Agent sub-appointment. Agents vetted by the companies. Possible direct contract in two years. Agency/Agent sub-appointment. Agents vetted by the companies. Possible direct contract in two years. No appointment. Requests are reviewed and approved in-house by Eagle Agency personnel. Possibility to obtain an Eagle Agency sub-appointment.
    Quotes done within each company’s online portal. Quotes done on PLRater, a comparative rating system; single entry multiple quotes. Quotes done on PLRater, a comparative rating system; single entry multiple quotes. Business submitted on the Big "I" Markets platform and quoted by IIABA’s Eagle Agency.
    No download. Option for agency download at an additional cost. All business is transacted on AMS360. Download of policy detail. No download.
    Servicing is done by Agency. Servicing is done by Agency. Servicing is done by Agency. Servicing is done by Company Service Center.
    Graduated commission based on volume. Graduated commission based on volume. Graduated commission based on volume. Graduated commission based on volume.
    Two new lines required a month for each company chosen. Two new lines required a month for each company chosen. Two new lines required a month for each company chosen. No production requirements. Use as needed!

    There is a $100 membership fee for access to Eagle; additional fees may apply depending on access option chosen. 
     

    LEARN MORE AND SIGN UP 


    Questions? Email Jodie Bacote or call 800-221-7917.

     

    Big ‘I’ Markets

     

    Big “I” Markets is an online market access system available exclusively to Big “I” members featuring no fees, no volume commitments, and competitive commissions. 

    FAIA members have access to a suite of top tier products including affluent homeowners, bonds, small commercial packages, habitational, non-standard homeowners.

    Highlights

    • Ownership of expirations
    • No initial access or termination fees
    • No obligation to submit other accounts
    • EFT commission payments

    Visit Big "I" Markets online or call call 703-647-7800 for more information about available products, then sign up for a Big "I" Markets training webinar, usually offered every other Thursday.