PSM Brokerage

AUGUST 8, 2024

As of July 19, 2024, CMS is blocking agents and brokers from making changes to a consumer’s FFM enrollment unless the agent is already associated with the consumer’s enrollment. This applies to all agent-assisted enrollment applications across all enrollment platforms.

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American Agents Alliance

JUNE 24, 2024

With innovations changing the way policyholders buy insurance, interact with their agents, and file a claim, the entire ecosystem looks and feels different than in the past. Utilizing technology to streamline agency operations and processes is a strategy agents and brokers can use to embrace change and use it to their advantage.

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Insurance Agency Broker-Agent Policyholder Agents 52

Redbird Agents

JULY 18, 2024

When it comes to buying insurance of any type, there are a myriad of choices and variables you must wade through to find the policy that works best for you. In response, they developed a dedicated app that lets you shop from the convenience of your phone to find the best policy that suits your needs.

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Insurance Insurer Insured Broker-Agent 130

American Agents Alliance

AUGUST 22, 2024

For insurance agents, it is critical to understand the implications of these new requirements and proactively communicate with clients as the changes approach. The most immediate impact will be an increase in premiums for drivers currently holding minimum coverage policies. What Should Be Top of Mind for Agents?

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Auto Insurance Agents Property Damage Broker-Agent 40

Redbird Agents

SEPTEMBER 13, 2024

Standardize Procedures: Document every process within your agency, from client onboarding to policy renewals. A CRM helps track client interactions and policy renewals, ensuring smoother operations. This includes any contracts with agents, partners, or referral sources, as well as insurance carrier agreements.

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Broker-Agent Broker Insurance Carrier License 130

American Agents Alliance

OCTOBER 4, 2024

Insurance customers expect a hybrid insurance experience — and agents and brokers can provide this for them. Insurers and agents are not only competing with each other, they are being compared with the digital experiences consumers have with services like Google, Uber, and Amazon.

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Broker-Agent Policyholder Agents Insurance 52

Distinguished

OCTOBER 9, 2024

Distinguished has been an outstanding partner, and this expanded collaboration enables us to better serve brokers in the community association sector,” said Greg Douglas, President of Berkley Program Specialists. Together, our combined expertise ensures brokers can offer tailored, top-tier solutions backed by two industry leaders.”

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Crime Broker-Agent Inland Marine Broker 52

American Agents Alliance

JULY 12, 2024

Independent agents and brokers can differentiate their services by providing exceptional customer service. This can help agents to find new customers, but often more importantly, providing great service aids in customer retention. Offer them added value, like annual policy reviews or quotes from other carriers at renewal.

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Broker-Agent Policyholder Agents Broker 52

American Agents Alliance

SEPTEMBER 30, 2024

This is a role insurance agents often play — and disaster planning is always more effective when it is proactive. As an agent, you already know some causes of loss are excluded but many policyholders do not understand this aspect of their coverage. Help your policyholder sign up for automatic notifications if they are available.

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Policyholder Broker-Agent Personal Property Agents 52

American Agents Alliance

JULY 5, 2024

Agents and brokers can leverage data analytics to help reduce their E&O risk and mitigate losses in several ways. Ways to Leverage Data Analytics to Mitigate E&O Risk Here are some actionable ways independent agents and brokers can use data to mitigate their E&O risk.

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Risk Broker-Agent Agents Policyholder 52

Majesco

SEPTEMBER 26, 2024

Traditional agent-based models remain dominant but are making room for new channels from direct-to-customer to marketplaces, MGAs, affinity, embedded, and more. At the same time, consolidation of agencies and brokers continues, creating a shift in power and expectation of “ease of doing business” with insurers. times greater.

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Broker-Agent Insurance Insurer Insured 73

Word & Brown

AUGUST 1, 2024

A Health Insurance broker – sometimes called an insurance agent – is a licensed professional who works with individuals and businesses to help them shop for and compare insurance policies. A “captive” insurance agent is one who sells only one insurer’s products. Captive or Independent?

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Broker Insurance Broker Broker-Agent License 52

Protect Commercial Insurance

SEPTEMBER 13, 2024

The Role of Brokers in Securing the Best Commercial Insurance Deals When it comes to safeguarding a business, securing the right commercial insurance is a crucial step. Here is where brokers come in, not merely as middlemen, but as invaluable partners in the quest for the best commercial insurance deals.

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Commercial Insurance Broker Commercial Broker-Agent 52

Agency MVP

DECEMBER 20, 2021

When it comes to expanding your influence as an insurance agent, referrals are among the most effective and cheap options available. However, sometimes they need a little push to do so, which leaves agents wondering if gifts are the perfect form of incentive. Common referral gifts include gift cards, cash, and event tickets.

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Insurance Agent Insurance Agents Agents Broker-Agent 52

Distinguished

OCTOBER 1, 2024

If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. A: We are currently available for commercial policies in California, but we do expect to have approval for personal collections very soon. Brokers with similar accounts are welcome to send them in for review.

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Broker Broker-Agent Inland Marine Underwriting 52

American Agents Alliance

JUNE 10, 2024

Independent agents and brokers need to keep up with these changes, particularly as innovations affect trends in E&O insurance. Policies have to change to keep up with technology and other risks and opportunities. Increased customizations will be available with E&O policies.

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Broker-Agent Cyber Agents Policyholder 40

Cowbell

JUNE 28, 2024

The Independent Insurance Agents of Texas (IIAT) had their annual conference last week, bringing together agents, underwriters, thought leaders, and service providers to network and learn about the most pressing trends in the industry. Many businesses remain underinsured and agents and brokers want to close that gap.

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Broker-Agent Cyber Agents Broker 40

Healthinsurance.org

OCTOBER 16, 2024

From late 2018 through August 2024, federal rules permitted the sale of short-term health policies with total durations of up to three years. If your current short-term policy is scheduled to terminate at some point in 2025, you will not be able to purchase another longer duration short-term policy at that point.

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Premium Out-Of-Pocket Broker-Agent Broker 111

American Agents Alliance

AUGUST 26, 2024

This tech-forward private passenger specialty auto carrier has exceeded expectations – in part because of its robust broker partnerships. This was not easy or inexpensive but Aspire bet on the market and the longstanding loyalty of their broker partners. Aspire as an entity was born from brokers.

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Broker Broker-Agent Insurance Industry Auto Insurance 52

Distinguished

JULY 8, 2024

If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Hear from industry experts as they discuss critical differences in Hotel Primary policies and key risks to consider. A: No, our policy does not exclude human trafficking.

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Insurance Broker Broker Broker-Agent Inland Marine 52

Smart Insurance Agents

SEPTEMBER 28, 2024

A broker for medical insurance can simplify the process. In this article, we’ll explain the benefits of using a broker, how to find a reliable one, and key questions you should ask. This guidance is particularly valuable as brokers have a legal obligation in many states to assist clients in finding the most appropriate insurance plans.

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Broker Broker-Agent Insurance Broker Insurance 52

Agency Intelligence

OCTOBER 14, 2022

Insurance premium financing is an ideal solution for insurance providers, agents, and brokers looking to provide the best possible service to their insureds. With a commercial insurance loan, insureds can easily maintain liquidity and access policies that might otherwise be outside of their purchasing capacity.

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Commercial Insurance Premium Commercial Broker-Agent 52

Distinguished

JULY 29, 2024

Types of Valuations Insurance policies can be written on an agreed value/scheduled or blanket basis. If it’s a piece that increases in value, as with contemporary art and any high-value fine art collection, the agreed value in the policy could fall significantly short of its market value. Think Warhol, Banksy, and Haring.

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Broker-Agent Inland Marine Insurance Insurer 52

Redbird Agents

JULY 9, 2024

If selling insurance was so easy, then why is it that roughly 10 percent of the independent insurance agents generate the vast majority of the sales? Are all independent agents good salespeople? Why Do Insurance Agents Fail? It’s a common misconception that becoming an insurance agent is an easy path to success.

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Insurance Agent Insurance Agents Agents Broker-Agent 130

Frankenmuth Insurance

JUNE 27, 2024

Fill out forms for each of your contacts, such as your: Accountant Bank Billing/invoicing service Building manager/owner Building security Insurance agent/broker Insurance company Internet service provider Payroll provider Public works department Telephone company Utilities company How to keep suppliers and vendors informed.

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Broker-Agent Insurance Agent Insurance Agents Agents 52

Constant Contact

DECEMBER 14, 2021

People looking to protect their homes, vehicles, and families want to work with an insurance agent they can trust. However, with 422,688 insurance brokers and agencies in the U.S. One of the best ways is to create plenty of positive social media posts for insurance agents.

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Insurance Agent Insurance Agents Agents Broker-Agent 52

InsuredMine

MARCH 12, 2024

Agents and brokers must adapt to these changes, but the integration of new technologies can sometimes lead to unforeseen challenges. For instance, in a more digital workflow, independent agents and brokers may face increased cybersecurity threats, and the adjustment to new processes can cause stress and errors among agency employees.

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Insurance Agency Broker-Agent Cyber Insurance 52

Bankers Insurance

JULY 22, 2024

Each year, Westfield’s top independent insurance agents are invited to nominate a local nonprofit in their community to receive a donation. The Westfield Insurance Foundation, an independent private foundation endowed by Westfield, awards the donations to support their top agents’ local communities.

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Broker-Agent Insurance Insurer Insured 52

Jackson & Jackson

APRIL 28, 2024

Ensure your policy covers replacement costs rather than actual cash value, as this accounts for the depreciation of your assets. Mistake 2: Overlooking Additional Necessary Coverages Standard property insurance policies do not cover everything. How to Avoid It: Shop around and compare policies based on price and coverage.

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Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Distinguished

JULY 22, 2024

Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Avid collectors who rely on their homeowner’s policy are likely to encounter low coverage limits — if their collectibles are covered at all. For most, this will mean a collectibles policy.

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Insurance Insurer Insured Broker-Agent 52

Distinguished

AUGUST 5, 2024

However, if your clients have been lucky enough to come across a rare Illustrator Pikachu Card ( worth over $550,000 ) or a vintage Boba Fett toy ( worth over $500,000 ), they’re going to need an insurance policy that properly covers them. This means a specialized collectibles policy. How Do You Insure a Toy Collection?

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Broker Broker-Agent Insurance Insurer 52

Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. By being knowledgeable about insurance products, policy terms, and coverage options, consumers can choose policies that best suit their unique needs. This guide draws on some information from America as well as the UK.

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Property Insurance Policyholder Insurance Insurer 52

Jackson & Jackson

AUGUST 16, 2024

The rise of Insurtech companies, utilizing artificial intelligence and big data analytics, has introduced new ways of assessing risk and pricing policies. Evolving Risks and Threats As the climate changes and new risks emerge, insurers must respond by adjusting their policies and pricing accordingly.

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Insurance Insurer Insured Risk 52

Word & Brown

SEPTEMBER 13, 2024

In your role as a broker and consultant for your individual and business insurance clients, you want to be sure you’re able to provide the personal service they want, while also doing what’s necessary to nurture a long-term relationship. The post 5 Health Insurance Essentials Brokers Should Know appeared first on The Insurance Broker Blog.

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Broker Out-Of-Pocket Broker-Agent Insurance 52

Distinguished

OCTOBER 1, 2024

Register your agency with us to get your clients access to our exclusive private collections policies (if you haven’t done so already). Property and Liability products are distributed through a national network of agents and brokers. Then, complete an application form and submit it through our online portal.  

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Broker-Agent Inland Marine Broker Damage 52

Jackson & Jackson

JANUARY 10, 2024

While these policies are essential in today’s digital landscape, knowing what they do not cover is vital for complete protection. Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events. This can be a critical gap for tech companies with significant physical assets.

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Liability Insurance Cyber Liability Property Damage 52

Jackson & Jackson

APRIL 26, 2024

Special considerations are needed for earthquake and flood coverage, as these are typically not included in standard policies. It’s advisable to work with agents specializing in commercial properties, as they can provide tailored advice and negotiate better coverage terms on your behalf.

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Commercial Property Property Insurance Commercial Business Interruption 52