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.

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Damage Claim Broker-Agent Policyholder 40

Property Insurance Centre

MARCH 19, 2024

Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. It empowers individuals to navigate the claims process effectively and avoid insurance scams. May experience difficulties and delays when making claims due to lack of understanding.

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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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American Agents Alliance

NOVEMBER 9, 2024

Independent P&C agents and brokers who reside and work in this region must also know how to help policyholders manage earthquake risk. Learn more about how agents can help their policyholders manage earthquake risk in this blog. Some policyholders may be unaware of the coverage gap.

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American Agents Alliance

OCTOBER 4, 2024

Insurance customers expect a hybrid insurance experience — and agents and brokers can provide this for them. Today’s policyholders have higher expectations than ever before and they are familiar with using intuitive, advanced tech in their personal lives. The digital and traditional processes should complement each other.

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American Agents Alliance

NOVEMBER 15, 2024

Developing and maintaining strong, trusting carrier relationships is essential for an independent agent or broker. Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents.

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American Agents Alliance

OCTOBER 18, 2024

Tough insurance markets make managing the industry a challenge for independent agents and brokers. These challenging conditions call for a strategic approach focused on policyholder needs. Read on to learn more about how agents and brokers can best manage tough insurance markets.

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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.

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American Agents Alliance

AUGUST 10, 2024

CCC recently released its second quarter Crash Course report that shares information about severe weather events and insights gleaned from its historical data about claims and repair costs. The Role of Agents Agents and brokers can help explain these pressures to policyholders who are concerned with rates or repair costs.

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Auto Insurance Broker-Agent Policyholder Agents 40

Healthinsurance.org

MAY 20, 2024

In this article HealthCare.gov policyholders at risk Scammers circumvent consumers protections The damage to affected Marketplace buyers Factors that led to the alleged fraudulent activity Buyers with lower incomes targeted Is this happening in states that run their own Marketplaces? What should consumers do?

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Broker-Agent Broker Out-Of-Pocket Premium 52

Protect Commercial Insurance

MAY 13, 2021

This covers a range of activities – for example, introducing a customer to an insurer or insurance broker, helping someone fill in an application form and sending a customer’s application to an insurer. For example, notifying the insurer of an insurance claim and negotiating settlement on the customer’s behalf.

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Commercial Insurance Commercial Insurer Insured 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Louisiana Insurance Commissioner Tim Temple – a self-described “unicorn” among insurance regulators, given his decades-long background in the industry as an agent, broker, and company president – even renamed programs to address “legal system abuse” when he assumed office in January. We want to pay claims as expeditiously as possible….

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American Agents Alliance

JUNE 10, 2024

Independent agents and brokers need to keep up with these changes, particularly as innovations affect trends in E&O insurance. Integrating cyber coverage into E&O policies is helpful for business owners compared to purchasing separate policies and is a feature agents can look for when recommending coverage to their clients.

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Property Insurance Centre

JANUARY 4, 2024

This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. To ensure adequate coverage, property owners should stay informed about the latest trends and collaborate closely with their insurance brokers to navigate the evolving property insurance landscape.

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Property Insurance Commercial Property Liability Insured 52

Distinguished

NOVEMBER 7, 2024

Principal’s Default: A claim under a surety bond arises only upon the default of the principal. While both serve as risk management tools, their operational mechanisms, purposes, and the way claims are handled differ significantly. Importantly, if the surety pays out a claim, they will seek reimbursement from the principal.

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Property Insurance Centre

SEPTEMBER 25, 2024

Define the maximum amount that you are willing to spend additional in the case of a claim. It is important not to rely only on the words that a broker tells you, try to read all the details. Many people make common mistakes when dealing with building insurance, which can result in inadequate coverage or denied claims.

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Building Insured Insurer Insurance 52

Majesco

APRIL 25, 2024

It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. When a policyholder feels heard, when a claim is resolved swiftly, when premiums align with value—those are the grand slams insurers aim for. The ball never hits the dirt. Why is GenAI the hottest topic in the industry?

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Cover4LetProperty

OCTOBER 10, 2022

That is to say, you (or your agent) are without a criminal record and have no convictions for breaching landlord laws, regulations, or codes of practice. You might also want to consult a letting agent about a realistic rent for the property you are offering. What are let property insurance brokers?

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Risk Management Monitor

SEPTEMBER 30, 2022

It is also important that a business establishes a single point of contact for talking with the adjuster, broker claims person, and others that will be dealing with the claim on the site. If your policy was destroyed or is lost, contact your insurance company or agent/broker to request a copy.

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