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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Healthinsurance.org

SEPTEMBER 17, 2024

But there will also be the same sort of changes that enrollees see every year, in terms of adjustments to plan designs, provider networks, and premiums – including changes to subsidy amounts that can affect net premiums. Premium tax credit eligibility is governed by IRS rules that are applicable nationwide.

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Premium Insurance Insurer Insured 119

Redbird Agents

SEPTEMBER 13, 2024

Buyers are more likely to pay a premium for an agency that has multiple revenue streams. This includes any contracts with agents, partners, or referral sources, as well as insurance carrier agreements. An experienced business broker and CPA can help guide you through the process, ensuring you get the best deal.

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Broker-Agent Broker Insurance Carrier License 130

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 Agent Insurance Agents Agents Broker-Agent 130

Word & Brown

SEPTEMBER 30, 2024

It’s key to review and compare options by carrier, not just premium. 5: Discuss Cost Savings: Explain to your clients how they can save on Dental care, and how adding coverage for major services will affect their plan premium. Another tip that can help you is to partner with the right General Agent (GA).

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American Agents Alliance

AUGUST 22, 2024

For insurance agents, it is critical to understand the implications of these new requirements and proactively communicate with clients as the changes approach. The most immediate impact will be an increase in premiums for drivers currently holding minimum coverage policies. What Should Be Top of Mind for Agents?

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American Agents Alliance

AUGUST 10, 2024

The Role of Agents Agents and brokers can help explain these pressures to policyholders who are concerned with rates or repair costs. As premiums continue to rise, agents can offer more value to policyholders through education and risk mitigation.

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Auto Insurance Broker-Agent Policyholder Agents 52

Jackson & Jackson

APRIL 30, 2024

Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties. Ask your Broker; they can map it beforehand. Building Codes and Construction Quality Local building codes and the overall quality of construction also affect insurance premiums.

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Commercial Property Property Insurance Commercial Crime 52

Jackson & Jackson

MAY 22, 2024

For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums. Additionally, factors like proximity to high-risk areas, building age, and the property’s history of claims can affect insurance premiums.

Property Insurance 52

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Redbird Agents

JULY 18, 2024

Insurance companies compensate them with a commission for each policy sold, but there are no added broker fees, higher premiums, or hidden costs when you buy a policy through the agency. This post first appeared at A Review of Choice Mutual’s Final Expense Insurance App on the Redbird Agents Blog.

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Insurance Insurer Insured Broker-Agent 130

Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. The rising costs of building or repairing properties have a direct effect on insurance premiums.

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Property Insurance Commercial Property Liability Premium 52

Jackson & Jackson

APRIL 26, 2024

It’s advisable to work with agents specializing in commercial properties, as they can provide tailored advice and negotiate better coverage terms on your behalf. Properties in high-risk areas for earthquakes and wildfires may see higher premiums.

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Commercial Property Property Insurance Commercial Business Interruption 52

Zywave

OCTOBER 9, 2024

In 2023, Zywave saw a 20% increase in quoting volume within CPQ solutions across all lines of business, resulting in an estimated $76B in facilitated premium. About Zywave   Zywave leads the insurtech industry, powering the modern insurance lifecycle while fostering connections between innovative agents and brokers, insurers, and MGAs.

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Broker-Agent Insurance Industry Cyber Premium 52

Jackson & Jackson

APRIL 28, 2024

This often happens when trying to save on premiums. Work with a reputable insurance broker who understands the unique needs of property investors. The post Top 5 Mistakes Property Investors Make with Insurance – And How to Avoid Them appeared first on Jackson & Jackson Insurance Agents and Brokers.

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Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Jackson & Jackson

APRIL 10, 2024

Assessing the Value of Your Property Accurately The value of your property directly affects your insurance premiums and the amount you’ll be compensated in case of a claim. Considering Specialized Coverage Depending on the nature of your business and the location of your property, you might need specialized coverage.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Majesco

FEBRUARY 15, 2024

Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s Enhanced Decision-Making For brokers and policyholders, having access to timely rating information is crucial for making informed decisions.

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Policyholder Broker-Agent Risk Broker 40

Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

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Insurance Insurer Insured Broker-Agent 52

Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. It is important not to rely only on the words that a broker tells you, try to read all the details. These can be added to your policy for an additional premium. – Declaring inaccurately.

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Building Damage Insurance Insurer 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

Word & Brown

OCTOBER 14, 2024

Health insurance agents and brokers often seek partnerships to enhance their business capabilities. The Value of a General Agency Partnership Many brokers – from newcomers to veterans – partner with a General Agent (GA) to boost their businesses. Word & Brown General Agency offers unparalleled support and resources.

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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.

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Leadsurance

APRIL 5, 2024

It is as important as to buy coursework that you should know the reasons to meet the insurance agent during your educational journey. Why Insurance Agents Recommend Student Insurance Life Insurance agents play a crucial role in guiding students and families toward making informed decisions about their insurance needs.

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Broker-Agent Insurance Insurer Insured 52

Property Insurance Centre

MARCH 19, 2024

Insurance Agent Advocacy Insurance agents play a crucial role as advocates for policyholders throughout the claims process. When policyholders purchase insurance through agents, they often rely on them for valuable claims assistance and guidance.

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Property Insurance Policyholder Insurance Insurer 52

Jackson & Jackson

AUGUST 16, 2024

As a result, insurance companies have had to reassess their strategies for covering properties in high-risk fire zones, leading to higher premiums and coverage limitations for homeowners in these areas. Additionally, consider reaching out to local agents who have an in-depth understanding of the California insurance market.

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Insurance Insurer Insured Risk 52

Majesco

FEBRUARY 22, 2024

Trend 2: Robust Growth in Excess & Surplus Lines and MGAs Managing general agents in the US market saw very strong growth in 2022, well above the broader property/casualty insurance market growth, according to Conning’s 2023 annual MGA report. Can insurers let go of the legacy debt that is holding them back? with $85.5B in 2022. [ii]

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Smart Insurance Agents

AUGUST 19, 2024

Some plans also help with bigger dental work, like dentures or implants, but these might cost more in premiums. It’s a good idea to use the online resources from Medicare or talk to a licensed insurance agent. However, you will usually pay separate premiums for these plans. They can help you compare plans before you sign up.

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Out-Of-Pocket Deductible Insurance Companies License 52

ProWriters

APRIL 17, 2024

ProWriters offers brokers and agents like you the resources you need to achieve more success in your Cyber brokerage. For more help educating your clients about the importance of Cyber Liability Insurance, download our free special report , Know Why Cyber Insurance Premiums Are Increasing.

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Cyber Injury Liability Liability Insurance 52

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

Distinguished

SEPTEMBER 10, 2024

If you want a quote for your client today, sign up with us and submit your business online through our Broker Portal. Insurance brokers looking to expand their business in Alabama should consider partnering with Distinguished because we offer much more than a comprehensive Builder’s Risk program.  Sign in to our Broker Portal.

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Risk General Liability Broker-Agent Insurance 52

Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. Compare how different deductible levels affect your premiums by requesting quotes from your insurer. Enhancing the safety and security features of your property can significantly reduce your premium costs.

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Commercial Property Property Insurance Commercial Broker-Agent 52

Distinguished

SEPTEMBER 25, 2024

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. Access our online Broker Portal. Submit your client’s information for a quote.

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Risk Broker-Agent Insurance Insurer 52

Smart Insurance Agents

AUGUST 29, 2024

HDHPs feature high deductibles but lower premiums, making them suitable for pairing with health savings accounts (HSAs). Employers gain financial advantages by offering health insurance, with group plans often eligible for tax deductions on premiums. Working with a knowledgeable insurance agent can be highly beneficial.

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Jackson & Jackson

MAY 23, 2024

As a result, insurance premiums tend to be higher in California compared to other states. Understanding the unique challenges of the California insurance market not only empowers you but also helps you navigate the process more effectively and save money on your premiums.

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Small Business Insurance Business Insurance Insurance Insurer 52

Distinguished

SEPTEMBER 17, 2024

We had an insured recently where we were at the max 24 months when the broker requested a three-month extension. For example, our Builders Risk program is 100% online, meaning a licensed agent can submit and bind online for qualifying risks. We bound the policy for a six-month term, and the premium was $1,300.

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Risk Broker-Agent Deductible Underwriter 52

Burand’s Agency E&O

JULY 31, 2013

Many agencies continue to accept premium payments even when closed. Accepting Payment After Hours. Customers put their payments through mail slots, under the door, wedged between the door and the door frame, or by some other means. This is perceived …

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Premium Broker-Agent Broker Agents 40

Distinguished

AUGUST 12, 2024

When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Property and Liability products are distributed through a national network of agents and brokers.

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Risk Broker-Agent Insurance Insurer 52

Freeway Insurance

OCTOBER 26, 2023

Your age, driving record, and the insurance regulations in the state in which you live are among the chief determining factors that will set your premiums. Another way to find cheap car insurance is to reach out to an independent insurance agent. But that’s only for starters.

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