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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders. Read more to understand this relationship and how agents can help policyholders manage this uncertainty. Many policyholders do not realize the connection between tariffs and insurance costs.

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Commissioner Lara moves to protect wildfire survivors from debris removal program insurance costs

American Agents Alliance

The California Department of Insurance worked closely with local, state, and federal leaders to ensure that the programs costs are not deducted from insurance benefits. The California Department of Insurance worked closely with local, state, and federal leaders to ensure that the programs costs are not deducted from insurance benefits.

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Data Analytics and Retention for Insurance Agents

American Agents Alliance

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. How to Use Data Analytics to Keep Policyholders Engaged Retaining a policyholder long-term leads to recurring revenue and an ongoing referral source.

Agents 52
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The Rising Cost of Litigation — Social Inflation and E&O Risk

American Agents Alliance

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. This could lead to an E&O claim as policyholders are disappointed in claims outcomes.

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Short Term Health Insurance Illinois

Smart Insurance Agents

Cost: Evaluate the premiums, deductibles, copayments, and out-of-pocket maximums associated with each plan. – A requirement to provide a summary of benefits and coverage to policyholders. Ensure that your preferred healthcare providers are within the plan’s network to maximize convenience and minimize out-of-pocket costs.

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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages. Loss of Discounts: Deductibles Frequent claim filing can also lead to the loss of discounts you may have earned, such as claims-free discounts.

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Tips for Buying Home Insurance

Bankers Insurance

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Policyholders may be considered less risky if they reduce potential liabilities, such as by removing swimming pools and other attractive nuisances.