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NYDFS Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies

Insurance Journal

Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines and consent orders against three dozen auto insurers for failing to timely report new and terminated auto insurance policies.

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Pro Tips for getting insurance Carrier Appointment for a new agency

Friendly Agent

So you have taken your insurance exam and got a license to sell insurance. Now, you want to start selling insurance? Before you do, you need to get an insurance carrier appointment. What is an insurance carrier appointment? How to get a direct insurance carrier appointment as a new agent?

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Did You Know You Can Change Your Insurance Carrier at ANY Time?

Wren Insurance Agency

When it comes to home and auto insurance - with very few exceptions - did you know that you can change your insurance carrier at any time? Citizens - the State-backed home insurer is one of the only exceptions to this. They will not allow a change to or from their coverage until your current policy's expiration).

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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. Education is often the first step.

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Best Auto Insurance for Electric Vehicles

TGS

TGS Insurance » Blog What is Electric Vehicle Insurance? Electric vehicles can be complex, but when it comes to auto insurance, they’re surprisingly simple. Auto insurance policies are written in the exact same way for gasoline-powered and electric vehicles alike. Tell your agent!

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Additional Insured vs. Additional Interest: Understanding Your Policy

TGS

Additional Interest Explained Additional insured and additional interest are two very different roles that a person can play as a part of your insurance policy. In short, an additional insured is covered by your insurance, while an additional interest is not. What Is An Additional Insured?

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Can I Drive My New Car Off the Lot Without Auto Insurance?

Paragon Independent Insurance Agencies

While you might be able to purchase a car without car insurance, you won’t be able to take it home until you’ve provided proof of a car insurance policy. If you’re buying a car with an auto loan, the lender will likely require proof of car insurance before funding the loan. Call us today.