Insurance Journal

NOVEMBER 3, 2024

For property/casualty insurance brokers and agents, understanding permissible fee structures is crucial to maintaining compliance and avoiding penalties. Todayis insurance regulatory landscape can be a tricky one, particularly when it comes to charging fees. With state laws varying widely and …

Broker-Agent 232

Broker-Agent Casualty Insurance Insurance Broker Broker 232

Insurance Journal

OCTOBER 20, 2024

National Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Jackson was installed as the 2024-2025 chairman of the industry group at its fall …

Broker-Agent 239

Broker-Agent Insurance Agent Insurance Agents Broker 239

Insurance Journal

SEPTEMBER 30, 2024

Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market. Ventis’ capacity will be distributed through …

Broker-Agent 254

Broker-Agent Commercial Broker Agents 254

Insurance Journal

JULY 14, 2024

By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said independent agents have …

Broker-Agent 262

Broker-Agent Premium Casualty Insurance Insurance Agent 262

Insurance Journal

SEPTEMBER 30, 2024

Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the specialist MGA services platform, …

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Broker Broker-Agent Agents Insurance 201

Insurance Journal

AUGUST 12, 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …

Broker 270

Broker Broker-Agent Agents 270

Insurance Journal

AUGUST 20, 2024

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

Commercial 277

Commercial Commercial Property Broker-Agent Premium 277

Insurance Journal

NOVEMBER 17, 2024

As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trends include: • Weather-related …

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Underwriter Underwriting Broker-Agent Deductible 130

Insurance Journal

SEPTEMBER 1, 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …

Broker 233

Broker Broker-Agent Agents 233

Insurance Journal

JULY 17, 2024

This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe announced the appointment …

Broker-Agent 276

Broker-Agent Insurance Broker Broker Agents 276

Insurance Journal

AUGUST 2, 2024

Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville and founded in 1977, US …

Risk 257

Risk Broker-Agent Building Insurance Agent 257

Insurance Journal

NOVEMBER 20, 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the year as …

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Insurance Journal

AUGUST 5, 2024

Wholesalers are a bridge between retail agents/brokers and the markets that provide the specialized coverages that retailers need for their most challenging risks. This post is part of a series sponsored by Dyad. Their success hinges on two crucial factors: …

Broker-Agent 243

Broker-Agent Broker Agents Risk 243

Insurance Journal

OCTOBER 24, 2024

Washington Insurance Commissioner Mike Kreidler issued fines totaling $302,500 against insurance companies, agents, brokers and unlicensed entities in July, August and September for violations of state insurance laws and regulations. Among those actions was a $40,000 fine issued to Allstate …

Broker-Agent 147

Broker-Agent Broker Insurance Insurer 147

PSM Brokerage

NOVEMBER 7, 2024

The Scope of Appointment is a document that outlines the specific topics and types of information that a Medicare sales agent or broker intends to discuss with a Medicare beneficiary during a face-to-face or telephone appointment. The agent's or broker's name and contact information. When is an SOA Required?

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Broker-Agent Broker Agents License 98

Rough Notes

NOVEMBER 1, 2024

A guide for agents and brokers on the peril, its impact, mitigation steps and response By Thomas Brocksmith As natural catastrophes go, hail probably isn’t at the top of the list of perils that keep most people up at night. Yet, every year, hail is the cause of damage to hundreds of thousands of properties […]

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Broker-Agent Damage Broker Agents 97

PSM Brokerage

NOVEMBER 8, 2024

Source: HealthSherpa CMS covered their new rules around Consent and Review for all marketplace enrollments at their CMS Summit for Agents and Brokers. The agent, broker, or web-broker must maintain the documentation for a minimum of 10 years. through the record of consent).

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Broker-Agent Broker Agents Protection 52

Zywave

SEPTEMBER 8, 2024

But it can be tedious for insurance brokers and Managing General Agents (MGAs) to provide these options to businesses at scale. With the nature and location of work transforming, companies face dynamic risks – particularly for Excess & Surplus (E&S) coverage.

Broker-Agent 98

Broker-Agent Commercial Insurance Insurance Broker Commercial 98

Rough Notes

SEPTEMBER 30, 2024

Applications being accepted for independent agents, brokers, and their firms By Robert N. Kretzmer, CIC Each year, we put out a call for independent agents, brokers, or agencies to be nominated for The Rough Notes Company Community Service Award.

Broker-Agent 52

Broker-Agent Broker Agents Insurance 52

Smart Insurance Agents

OCTOBER 16, 2024

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. This article will explain how brokers operate, the benefits of using one, and how to find the right broker for you.

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Insurance Broker Broker Broker-Agent Out-Of-Pocket Expense 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.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Broker-Agent 130

Boyle Agency Insurance

OCTOBER 22, 2024

Since 1993 the Independent Insurance Agents & Brokers of America ( IIABA or the Big “I”) and Regan Consulting, a management consulting firm in Atlanta, joined forces to study the country’s leading insurance agencies.

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Broker-Agent Insurance Agent Insurance Agents Broker 52

Rough Notes

NOVEMBER 5, 2024

Providing customers with the right tools, resources and experiences can amplify an independent agent’s value By Lori Widmer It seems that for years there have been those forecasting the demise of independent agents and brokers.

Broker-Agent 52

Broker-Agent Broker Agents Insurance 52

Insurance Agent Near Me

AUGUST 7, 2024

Get prepared for your commercial insurance decisions by asking these 7 crucial questions to your brokers! The post 7 Questions to Ask Your Commercial Insurance Brokers Before Signing appeared first on Insurance Agent Near Me.

Commercial Insurance 52

Commercial Insurance Insurance Broker Commercial Broker 52

American Agents Alliance

OCTOBER 18, 2024

Tough insurance markets make managing the industry a challenge for independent agents and brokers. Read on to learn more about how agents and brokers can best manage tough insurance markets. Agents should learn about and stay updated on changes to compliance and regulations.

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Agents Broker-Agent Policyholder Broker 52

American Agents Alliance

OCTOBER 8, 2024

Effectively managing these risks is a critical part of agency operations for any independent agent or broker. These technologies have changed how agents and brokers manage risk and advise policyholders, introducing the potential for new E&O claims. Historical data can be useful to agents, as well.

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Claim Broker-Agent Agents Broker 52

Insurance Agent Near Me

MAY 16, 2024

Discover the step-by-step process for comparing insurance brokers online in our detailed guide 'How to Compare Insurance Brokers Online: A Step-by-Step Process'. The post How to Compare Insurance Brokers Online: A Step-by-Step Process appeared first on Insurance Agent Near Me.

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Insurance Broker Broker Broker-Agent Insurance Agent 52

Rough Notes

SEPTEMBER 30, 2024

However, new technology and strategies now enable agents and brokers to help clients in both high-net-worth and mass […]

Risk 59

Risk Broker-Agent Broker Agents 59

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.

Broker-Agent 52

Broker-Agent Agents Broker Policy 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

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. Beyond sales, the life of an insurance broker includes service to customers after the sale related to claims, administration, and annual renewal.

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Broker Insurance Broker Broker-Agent License 52

Distinguished

AUGUST 19, 2024

We work with community association brokers to get the coverages their clients need. With their combined experience and expertise, our team is well equipped to provide the highest level of support to community association brokers across the U.S. View a full list of our programs and submit business with Distinguished.

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Broker-Agent Inland Marine Broker Insurance 52

Word & Brown

AUGUST 21, 2024

Every licensed insurance broker has a Continuing Education (CE) Credit requirement to maintain a resident license – and, in many cases, a non-resident license. Additional training hours are required for agents selling Long-Term Care Insurance or Annuities. For more information, visit the DOI website.

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Broker-Agent License Broker Agents 52

Distinguished

OCTOBER 31, 2024

Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Consult your insurance broker for clarity on the specifics and potential additional coverage options. Property and Liability products are distributed through a national network of agents and brokers.

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Protection Broker-Agent Inland Marine Broker 52

Word & Brown

NOVEMBER 12, 2024

In today’s competitive health insurance landscape, brokers face the challenge of not only understanding complex health plans but also marketing them effectively to the right audiences. These firms (and others) offer marketing solutions for independent insurance agencies and brokers. There’s also a one-time activation fee of $150.

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Broker Broker-Agent Insurance Insurer 52

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

American Agents Alliance

OCTOBER 14, 2024

Understanding millennial insurance buyers and their motivations is critical for agents and brokers selling to this demographic. How to Sell to Millennial Insurance Buyers Here are some ways agents and brokers can find success when selling insurance to millennials: Understand the preferences and buying behaviors of millennials.

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Agents Broker-Agent Policyholder Insurance 52