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The Rising Cost of Litigation — Social Inflation and E&O Risk

American Agents Alliance

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. Learn more about social inflation and E&O risks and how to manage these concerns.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

We sat down with Distinguished’s Builder’s Risk insurance expert, Susan DeCarlo, to discuss common factors that can lead to declinations in our program, how to avoid them, and key risk considerations. So, for example, on a new build if they’re 30 to 60 days in, we can consider that risk.

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How to Reduce Your Commercial Property Insurance Costs: Tips and Strategies

Jackson & Jackson

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. Strategy: Assess your financial ability to handle a higher deductible without jeopardizing your operations. Strategy: Assess your financial ability to handle a higher deductible without jeopardizing your operations.

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Data Analytics and Retention for Insurance Agents

American Agents Alliance

Data-driven decision making can help improve retention rates by helping agents understand policyholder behavior and make adjustments proactively, before customers shop for other options. Here are some ways agents can use data analytics to improve retention rates. The link between data analytics and retention is clear.

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Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles 

Distinguished

However, they also face unique risks, from vandalism and weather damage to transport and installation challenges. One of the key reasons is lower deductibles, expert knowledge, and tailored coverage options specifically designed for the unique risks faced by public art installations.  Can you cover property at unnamed locations? 

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

Spotting problem areas and opportunities sooner makes it easier to develop and implement steps to reduce risk pre-loss and better control costs post-loss. In addition to claims experts, it may also be helpful for the carrier’s loss control team to attend, as well as agent/broker staff.

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Protecting Fine Art, Collectibles in California

Distinguished

Protecting these assets in the state requires specialized insurance solutions considering earthquake and wildfire risks. Our program provides all-risk worldwide coverage for direct physical damage like fire and theft of personal collections of any size. View a full list of our programs and submit business with Distinguished.