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

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.

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Claim Marine Risk Broker-Agent 224

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.

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Agents Broker-Agent Broker Out-Of-Pocket 52

Solstice Insurance Broker

JANUARY 23, 2025

As an insurance broker, you can be the compass your clients need. Key Takeaways : Brokers should stay informed to empower their clients. Key Takeaways : Brokers should stay informed to empower their clients. Brokers should advocate for clients year-round, assisting with claims and policy updates.

Broker 100

Broker Out-Of-Pocket Insurance Broker Deductible 100

American Agents Alliance

DECEMBER 3, 2024

Agents, brokers, carriers, vendors, and others across the insurance ecosystem regularly share content, advertise, and engage with customers on various social media platforms. But for agents and brokers, the social media E&O risks should be considered before engaging on social media. Communication challenges.

Broker-Agent 40

Broker-Agent Broker Agents Risk 40

Word & Brown

FEBRUARY 18, 2025

Why Brokers Partner with a General Agency? Lets look at how an agent/GA relationship works and how a GA can work on your behalf in dealing with carriers and plan administrators. Brokers today more than at any time previously face multiple challenges. But you are still able to remain independent and operate on your own.

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Broker-Agent Broker Agents Underwriter 52

American Agents Alliance

DECEMBER 8, 2024

Parametric coverage is starting to transform claims and insurance programs in general. Parametric insurance pays out after a predefined parameter is met, unlike conventional insurance which requires proof of an actual loss to make a claim. It fills gaps that traditional programs often leave, particularly in catastrophic markets.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

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.

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Claim Injury Workers Compensation Risk 75

Zywave

MARCH 19, 2025

Enhanced Customer Experience Personalization: APIs allow for personalized agent and even client interactions by integrating data from various sources. Real-Time Communication: No need to wait for an agent to be in the office.

Insurance Industry 52

Insurance Industry Broker-Agent Insurer Insured 52

AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. They are a vital entity, as they not only handle premium collections but also pay out claims to cover medical expenses and wage replacement for injured employees.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

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.

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Insurance Agents Insurance Agent Agents Broker-Agent 130

Distinguished

AUGUST 27, 2024

NEW YORK – Distinguished Programs (“Distinguished”), a national insurance program manager , is pleased to announce the appointment of Ashley Mehyo as Vice President of Claims for its Fine Art and Collectibles program. In her new role, Ashley will lead all aspects of the claims function for the Fine Art and Collectibles insurance group.

Claim 52

Claim Broker-Agent Inland Marine Commercial Property 52

LexisNexis

MARCH 25, 2025

Agent and Broker Administrative Actions and Sanctions: Reporting Requirements Analyze the obligation of licensed insurance producers to report adverse actions against them to insurance department licensing authorities and how to comply with such reporting obligations.

Broker-Agent 40

Broker-Agent License Broker Agents 40

ProWriters

FEBRUARY 7, 2025

No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security. AI-driven advancements in malicious tactics mean brokers must account for evolving risks in the underwriting process. Become a registered ProWriters broker today.

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Cyber Broker-Agent Broker Liability 53

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

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.

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Claim Insurance Claim Insurer Insured 52

Distinguished

FEBRUARY 11, 2025

Our specialized coverage and claims expertise are designed to meet the unique needs of musicians, protecting their livelihoods and creative work. Property and Liability products are distributed through a national network of agents and brokers. View a full list of our programs and submit business with Distinguished.

Broker-Agent 52

Broker-Agent Inland Marine Insurer Insured 52

American Agents Alliance

FEBRUARY 7, 2025

This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Unforeseen litigation costs can drive up the costs of claims unexpectedly and policyholders may feel they were not advised of their coverage adequately.

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Broker-Agent Risk Policyholder Agents 52

American Agents Alliance

JANUARY 4, 2025

Establishing strong, trusting policyholder relationships drives long-term success for many agents and brokers. However, these relationships can also lead to unintended risks, like the possibility of E&O claims if professional boundaries are missed. This can help reduce misunderstandings that often lead to E&O claims.

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Policyholder Broker-Agent Agents Claim 52

American Agents Alliance

OCTOBER 24, 2024

By Mark Robinson In July 2024, a significant class action lawsuit was filed against the California FAIR Plan, accusing the state’s fire insurance backstop of improperly denying smoke damage claims in violation of California Insurance Code Sections 2070 and 2071.

Damage 40

Damage Claim Broker-Agent Policyholder 40

ProWriters

FEBRUARY 23, 2025

Cyber operations can be conducted by state-sponsored groups, independent hackers, or criminal organizations that may claim to act on behalf of a sovereign power and its political objectives. .” In the gray zone, distinctions between state and non-state actors become blurred.

Cyber 53

Cyber Insurer Insured Insurance 53

American Agents Alliance

JANUARY 11, 2025

These wildfires have caused historic damage, claimed lives, and threatened communities. As stories of resilience and courage emerge and the fires are contained, agents and brokers provide critical insurance support for policyholders. When consumers do not carry sufficient insurance coverage, everyone is at risk.

Insurance Industry 52

Insurance Industry Risk Broker-Agent Policyholder 52

Neilson Marketing Services

NOVEMBER 4, 2024

For retail insurance brokers and MGAs, a well-built insurance website isn’t just about aesthetics; it’s about credibility, generating leads, and staying competitive. Local Reach: The Three Essential Elements For local agents targeting clients in a single town and a few neighboring towns, visibility in the local market is key.

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Insurance Broker Building Broker Broker-Agent 108

LexisNexis

NOVEMBER 12, 2024

Get clarity on how states approach unfair claims practices to help insurers (and their intermediaries) stay out of the litigation crosshairs. Read now » Related Content Claims Quality Assurance (QA) Review Learn about the key elements of Claims QA programs so you can assist in the design of Claims QA and conduct Claims QA reviews.

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Claim Broker-Agent Insurance Claim Broker 40

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.

Insurance Broker 52

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

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Insurance Agents Insurance Agent Agents License 130

Property Insurance Centre

JANUARY 27, 2025

Speak with the Freeholder or Managing Agent: Ask for details about the current insurance policy and how costs are allocated. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Looking for a quote now?

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Building Broker-Agent Insurer Insured 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 Agents Policyholder 52

Distinguished

DECEMBER 4, 2024

This expansion from the current $100 million capacity highlights Distinguished’s dedication to offering brokers and their clients enhanced coverage options to meet evolving market demands. Clients can expect a range of benefits, including direct bill options, seamless claims handling, and expert advice on collection management best practices.

Broker-Agent 52

Broker-Agent Inland Marine Broker Risk 52

PSM Brokerage

SEPTEMBER 5, 2024

The National Association of Benefits and Insurance Professionals (NABIP) CEO Jessica Brooks-Woods issued a statement on the recent decision by some health plans to discontinue Medicare Part D compensation to health insurance agents. Medicare Part D plans are complex, and agents invest significant time in training and educating their clients.

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Protection Broker-Agent Agents Insurance Agents 52

Distinguished

OCTOBER 1, 2024

If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Brokers with similar accounts are welcome to send them in for review. Prior to her years as an underwriter, Alison spent seven years as an insurance broker specializing in the Fine Arts.

Broker 52

Broker Broker-Agent Inland Marine Insurer 52

Distinguished

DECEMBER 19, 2024

. “Our earthquake coverage and high-capacity limits are critical to making us a trusted partner for brokers and clients alike.” Were proud to deliver not only comprehensive coverage but also the expertise and services that help brokers meet the evolving needs of the market.

Broker-Agent 52

Broker-Agent Inland Marine Broker Insurer 52

American Agents Alliance

JULY 5, 2024

Agents and brokers can leverage data analytics to help reduce their E&O risk and mitigate losses in several ways. Ways to Leverage Data Analytics to Mitigate E&O Risk Here are some actionable ways independent agents and brokers can use data to mitigate their E&O risk.

Risk 40

Risk Broker-Agent Agents Policyholder 40

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 7, 2024

Clients can expect a range of benefits, including flexible payment options, seamless claims handling, and expert advice on sustainable collection management practices. Brokers are welcome to submit business and view state availability on the Distinguished website. View a full list of our programs and submit business with Distinguished.

Broker-Agent 52

Broker-Agent Inland Marine Broker Agents 52

Majesco

SEPTEMBER 26, 2024

Traditional agent-based models remain dominant but are making room for new channels from direct-to-customer to marketplaces, MGAs, affinity, embedded, and more. At the same time, consolidation of agencies and brokers continues, creating a shift in power and expectation of “ease of doing business” with insurers. times greater.

Broker-Agent 73

Broker-Agent Agents Insurer Insured 73

Healthinsurance.org

MAY 20, 2024

The story was first reported in early April 2024 by Julie Appleby, and CMS subsequently released a statement, acknowledging the problem and noting that the agency is “ taking swift actions to protect consumers from unauthorized activity by agents and brokers.” 2 HealthCare.gov policyholders at risk So what’s going on here?

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Broker-Agent Broker Out-Of-Pocket Premium 52