Insurance Journal

OCTOBER 20, 2024

As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette.

Insurance Agents 279

Insurance Agents Insurance Agent Agents Claim 279

Insurance Journal

APRIL 6, 2025

By Denise Johnson Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300 insurance professionals including …

Agents 130

Agents Claim Insurance Insurer 130

American Agents Alliance

APRIL 3, 2025

Read more to understand this relationship and how agents can help policyholders manage this uncertainty. This drives up the cost to repair, impacting claims costs. Here are some ways agents can help: Educate policyholders about costs and rising premiums. Review policies proactively and suggest coverage adjustments accordingly.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. What are the Benefits of Partnering With an MGA?

Agents 52

Agents Broker-Agent Broker Underwriter 52

Property Insurance Coverage Law

OCTOBER 10, 2024

When your home is damaged, it’s natural for most homeowners to call their insurance agent. Your agent is usually the first person who comes to mind because they sold you the policy. But insurance agents don’t handle claims. That job belongs to an adjuster.

Insurance Agents 130

Insurance Agents Insurance Agent Agents Insurance 130

Insurance Journal

AUGUST 4, 2024

I’m seeing more cases of carriers rescinding policies for application errors, fraud or outright lies (call it what you will) than I’ve ever seen, and these are situations when there is an errors and omission (E&O) claim against the agent.

Agents 246

Agents Claim Policy 246

Insurance Journal

MARCH 27, 2025

The Florida House subcommittee on insurance advanced two hotly debated bills Thursday, one supported by insurance agents but another that was opposed by agents and carriers alike. And another subcommittee voted to repeal the auto insurance personal injury protection law …

Auto Insurance 246

Auto Insurance Insurance Agent Insurance Agents Injury 246

PSM Brokerage

FEBRUARY 27, 2025

With this drastic funding reduction, more consumers will likely turn to licensed insurance agents and brokers to navigate their coverage choices. With this funding cut, many of these essential services will be scaled back or eliminated , increasing reliance on agents and brokers for enrollment support. ACA Agent Resources

Insurance Agent 52

Insurance Agent Insurance Agents Agents Broker-Agent 52

Friendly Agent

SEPTEMBER 21, 2020

The movie tackles the lives of stockbrokers and also talks about the life of their partners, insurance agents. When you think you would be able to find valuable satisfaction in life when you help protect the security and well-being of people dear to you, the career as an insurance agent is very fulfilling. Here we go.

Insurance Agents 130

Insurance Agents Insurance Agent Agents Broker-Agent 130

PSM Brokerage

JANUARY 22, 2025

As an agent, broker, or web-broker, you are tasked with connecting individuals and families with the health insurance they need, all while adhering to strict compliance guidelines. Fair Competition: Compliance creates a level playing field for agents and brokers. Do: Clearly state premium costs, deductibles, and coverage benefits.

Agents 52

Agents Broker-Agent Broker Out-Of-Pocket 52

Redbird Agents

APRIL 15, 2024

It looks like you’re here to learn how to become a Medicare insurance agent? This article breaks down the 8 steps required to start and maintain a successful career in Medicare sales and build a residual six-figure income in five years or less (I’ve coached many agents who have accomplished this in 24 months or less).

Insurance Agent 130

Insurance Agent Insurance Agents Agents License 130

Frankenmuth Insurance

JANUARY 9, 2025

Your relationship with your insurance agent is an important one. Wondering how to choose an insurance agent? Are you a direct/captive agent or an independent agent? Agents who represent only one insurance company are called direct or captive agents. Your insurance agent should be licensed by your state.

Insurance Agent 101

Insurance Agent Insurance Agents Agents License 101

Final Expense Brokerage

MAY 10, 2024

May 11, 2024 10:44:08 AM Contact Us Are you interested in becoming a life insurance agent? Share: Understanding the Role of a Life Insurance Agent As a life insurance agent, your primary role is to help individuals and families protect their financial future by providing them with suitable life insurance policies.

Life Insurance 100

Life Insurance Insurance Agents Insurance Agent Agents 100

Final Expense Brokerage

NOVEMBER 30, 2024

In final expense insurance, agents often deal with sensitive questions that touch on the client’s financial worries, family security, and end-of-life concerns. The Concern: Some clients may doubt insurance companies’ reliability, especially if they’ve heard of disputes with claims. How to Respond: Build transparency. Contact Us

Agents 130

Agents Life Insurance Policy Insurer 130

Insurance Journal

MARCH 13, 2025

Maryland’s insurance regulator has settled a long-running dispute with Erie Insurance Group over the insurer’s practices involving some urban agents and their insureds. The Maryland Insurance Administration said its market conduct examination that was actually conducted four years ago uncovered …

Claim 130

Claim Insurance Insurer Insured 130

Insurance Journal

DECEMBER 2, 2024

announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired the UK-based operations of Caytons Law LLP. Caytons is a claims and legal management firm … Gallagher & Co. Terms of the transaction were not disclosed.

Claim 235

Claim Risk Broker-Agent Broker 235

American Agents Alliance

JULY 17, 2024

Every part of the insurance lifecycle is changing in the digital age, including the handling of claims. Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers.

Broker-Agent 52

Broker-Agent Broker Agents Claim 52

Insurance Journal

DECEMBER 18, 2024

Washington Insurance Commissioner Mike Kreidler issued fines totaling $576,500 against insurance companies, agents, brokers and unlicensed entities in October and November of 2024 for violations of state insurance laws and regulations. The fines included $100,000 levied against PacificSource Health Plans …

Broker-Agent 238

Broker-Agent Broker Insurance Companies Agents 238

Insurance Journal

FEBRUARY 3, 2025

announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd. W K Webster specializes in marine and transit claims … Gallagher & Co. Terms of the transaction were not disclosed.

Claim 224

Claim Marine Risk Broker-Agent 224

InsuranceBee

FEBRUARY 14, 2024

Insuring other insurance agents can be tricky. But when the US insurance agent industry manages over $1 trillion of insurance … Read more. The post What are some common insurance agents’ claims? After all, aren’t they the ones that are supposed to be providing insurance to everyone else? Well, yes, they are.

Insurance Agents 52

Insurance Agents Insurance Agent Agents Claim 52

PSM Brokerage

JANUARY 29, 2025

Heres how you can elevate your customer service game as an insurance agent. Be Proactive, Not Reactive The best insurance agents dont wait for their clients to reach out with concernsthey stay ahead of the game. Offer self-service portals where clients can access policy documents and claims information.

Insurance Agent 66

Insurance Agent Insurance Agents Agents Insurer 66

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

Claim 75

Claim Injury Workers Compensation Risk 75

PSM Brokerage

JANUARY 29, 2025

Technology is reshaping the way insurance agents do business, and at the forefront of this transformation are artificial intelligence (AI) and automation. With the right tools, agents can now work smarter, close deals faster, and provide a better experience for their clients.

Insurance Agent 52

Insurance Agent Insurance Agents Agents Insurer 52

Solstice Insurance Broker

JANUARY 23, 2025

Brokers should advocate for clients year-round, assisting with claims and policy updates. This means assisting with any claims issues and answering coverage questions. Key Takeaways : Brokers should stay informed to empower their clients. Personalization is key; tailor guidance to fit each client's unique needs.

Broker 100

Broker Out-Of-Pocket Insurance Broker Deductible 100

Redbird Agents

NOVEMBER 15, 2024

For agencies, field marketing organizations (FMOs), and insurance companies, finding the right insurance professionals to fill roles like licensed sales agent, claims adjusters, underwriters, and account managers is crucial to maintaining a competitive edge. Let’s break down the most effective strategies.

Building 130

Building License Insurance Insurer 130

TGS

DECEMBER 11, 2024

TGS Insurance Blog Captive Agent vs. Independent Agent: Whats the Difference and Why Does It Matter? But before diving into the nitty-gritty details of coverage, theres one crucial decision to make: working with a captive agent vs independent agent. What is a Captive Agent? What is an Independent Agent?

Agents 52

Agents Policy Home Insurance Premium 52

Final Expense Brokerage

MARCH 29, 2024

This article delves into the importance of fostering trust in insurance sales and offers practical tactics for insurance agents to gain their clients' trust. The Importance of Trust: Basis of Connections: Trust lays the groundwork for any relationship, including the bond between insurance agents and their clients.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurance 130

American Agents Alliance

MARCH 3, 2025

New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

American Agents Alliance

MARCH 19, 2025

Data-driven decision making can help improve retention rates by helping agents understand policyholder behavior and make adjustments proactively, before customers shop for other options. Here are some ways agents can use data analytics to improve retention rates. The link between data analytics and retention is clear.

Agents 52

Agents Insurance Agents Insurance Agent Policyholder 52

PSM Brokerage

JANUARY 22, 2025

In todays competitive landscape, standing out as an insurance agent requires more than great productsit demands a robust local marketing strategy that connects you with your community. Why Local Marketing Matters for Insurance Agents Local marketing is the cornerstone of building a thriving business within your community.

Insurance Agent 52

Insurance Agent Insurance Agents Agents Insurer 52

Frankenmuth Insurance

JULY 25, 2024

Your local, independent agent is here to help you decide. What is the highest amount I could pay on a claim? Will my local, independent agent manage and oversee coverage changes? How are claims handled? What is the expected turnaround time after submitting a claim? How can I report a claim ?

Agents 57

Agents Deductible Premium Claim 57

HBW Leads

MAY 21, 2024

Teaching new insurance agents the art of leaving effective voicemails is a crucial task for insurance agency owners. Teaching new insurance agents this art is essential for agency owners and supervisors who want their agents to thrive. A polished, informative, and friendly voicemail conveys competence and trustworthiness.

Insurance Agents 52

Insurance Agents Insurance Agent Agents Insurer 52

Unitas Financial Services

APRIL 21, 2022

In this series on Insurance Vendor Management for Lenders, we discussed how to evaluate an insurance policy, the specialization of the insurance company and the agent, and the 9 Critical Steps for Insurance Vendor Management. In this article, we tackle claims and administration of the policy.

Claim 52

Claim Insurance Insurer Insured 52

Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

Word & Brown

SEPTEMBER 25, 2024

According to reporting last year by KFF (the independent source for health policy research, polling, and journalism formerly known as the Kaiser Family Foundation) data from insurers for Affordable Care Act Marketplace plans show nearly 17% of in-network claims were denied in 2021.

Claim 52

Claim Insurance Claim Insurance Insurer 52

Boyle Agency Insurance

MAY 3, 2024

This Bogle Agency Insurance blog post will guide you through the necessary steps to take after a disaster strikes and how to navigate the home insurance claims process smoothly. Home Insurance Claim Step I: Assess the Safety of Your Home After a disaster, the safety of you and your family should be the top priority.

Home Insurance 52

Home Insurance Insurance Claim Claim Damage 52

American Agents Alliance

OCTOBER 8, 2024

E&O claims continue to grow in complexity along with the changing insurance landscape. Effectively managing these risks is a critical part of agency operations for any independent agent or broker. Technology offers innovative ways to track and reduce E&O claims with robust tools.

Claim 40

Claim Broker-Agent Agents Broker 40