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How AI is Changing E&O Risks for Agents and Brokers

American Agents Alliance

However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage. How AI is Changing E&O Risks for Agents and Brokers While AI is transforming industries, it also introduces new risks. Many businesses use AI-driven chatbots to handle customer inquiries.

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2025 Insurance Trends, Risks, and Opportunities for Agents and Brokers

American Agents Alliance

Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close. Innovative digital tools can streamline underwriting while improving efficiency for insurers and agents.

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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. This could lead to an E&O claim as policyholders are disappointed in claims outcomes.

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Strategies for Independent Agents Managing Earthquake Risk in California

American Agents Alliance

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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What consumers need to know about unauthorized Marketplace plan changes

Healthinsurance.org

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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Short Term Health Insurance Illinois

Smart Insurance Agents

Affordable Premiums: Short Term Health Insurance Plans typically offer more affordable premiums compared to long-term health insurance plans. Cost: Evaluate the premiums, deductibles, copayments, and out-of-pocket maximums associated with each plan. Determine the affordability and value for the coverage provided.

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Millennial Insurance Buyers — What Agents Need to Know to Sell to Them

American Agents Alliance

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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