Remove Auto Insurance Remove Deductible Remove Underwriting
article thumbnail

What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. The potential for insured values to rise based on replacement costs, supply chain delays, and labor shortages means agents should review and recommend coverage adjustments when needed.

Agents 52
article thumbnail

Are Insurance Price Increases a Tipping Point for Gen X and Boomers?

Majesco

Auto insurance repair costs align strongly with the number of claims, increasing and driving up insurance costs. Weather and catastrophic events, crime, more frequent and larger lawsuits, and high-tech vehicles also contribute significantly to their perceptions of what is driving up auto insurance costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Credit Score Affect Home Insurance? A Closer Look

TGS

Beyond Credit: Other Ways to Save on Home Insurance Improving your credit score is one strategy, but it’s not the only one. Here are a few additional ways to lower your premiums: Bundle Your Policies: Combine your home and auto insurance for a discount.

article thumbnail

Gen Z and Millennial Buyer Insurance Trends Point to the Importance of Data/AI Technologies

Majesco

Insurance buyer demographics are constantly shifting, and this means that insurance business practices can become out of touch. Anything from quoting to underwriting, servicing, billing or claims may no longer operate at the level expected by customers, putting trust and loyalty at risk. This is consistent with the J.D.

article thumbnail

Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

The Small Business Tax Equity Act would provide an exception into the Internal Revenue Code to let cannabis operators – as long as they’re in compliance with state laws – make the same deductions as any other business. Easier to operate Passage of these laws would make it easier for cannabis-related businesses to operate.

Risk 40
article thumbnail

The Pressures of Operational Optimization

Majesco

If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable. Their standard coverage would go to customers that wish to cover their deductible.