American Agents Alliance

MARCH 3, 2025

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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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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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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Distinguished

JANUARY 22, 2025

Provided eligibility requirements are met, the Renewal Certificate locks in the expiring premium for the next two policy terms, provided there are no premium-bearing midterm changes (e.g., Property and Liability products are distributed through a national network of agents and brokers. How Does it Work?

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Healthinsurance.org

OCTOBER 16, 2024

State-funded health insurance subsidies change in several states In addition to the ACA’s federal premium subsidies and cost-sharing reductions, several states offer additional state-funded subsidies that further offset enrollees’ premiums, out-of-pocket costs, or both. 4 For 2025, the program is expanding.

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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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American Agents Alliance

DECEMBER 8, 2024

This represents an opportunity for agents who can use parametric products to offer policyholders an option for faster and easier claims payouts for various types of risks. This could creatively add a layer of protection, but agents must be sure to educate consumers about parametric coverage and how it differs from a traditional policy.

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Agency Intelligence

OCTOBER 14, 2022

Insurance premium financing is an ideal solution for insurance providers, agents, and brokers looking to provide the best possible service to their insureds. What is business insurance premium financing? What is business insurance premium financing? Business insurance premium financing […]

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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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Distinguished

FEBRUARY 10, 2025

The minimum premium of $500 makes our program accessible, while our high capacity of $125 million ensures suitability for even the most extensive collections. 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.

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AMAXX

JANUARY 13, 2025

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. Brokers and Agents: Employer Advocates Brokers serve as intermediaries between employers and insurance companies. All state laws vary.

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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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Protect Commercial Insurance

SEPTEMBER 13, 2024

The Role of Brokers in Securing the Best Commercial Insurance Deals When it comes to safeguarding a business, securing the right commercial insurance is a crucial step. Here is where brokers come in, not merely as middlemen, but as invaluable partners in the quest for the best commercial insurance deals.

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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. Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first. Looking for a quote now?

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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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Smart Insurance Agents

SEPTEMBER 28, 2024

A broker for medical insurance can simplify the process. In this article, we’ll explain the benefits of using a broker, how to find a reliable one, and key questions you should ask. This guidance is particularly valuable as brokers have a legal obligation in many states to assist clients in finding the most appropriate insurance plans.

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Word & Brown

NOVEMBER 12, 2024

In today’s competitive health insurance landscape, brokers face the challenge of not only understanding complex health plans but also marketing them effectively to the right audiences. These firms (and others) offer marketing solutions for independent insurance agencies and brokers. There’s also a one-time activation fee of $150.

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Neilson Marketing Services

OCTOBER 23, 2024

The landscape is highly fragmented, with agents spread across regions and varying in size, specialties, and market focus. You can refine your outreach efforts by focusing on agencies with the right premium volumes, specialties, and relationships with specific carriers. But connecting with these agencies can be difficult.

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American Agents Alliance

FEBRUARY 7, 2025

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. Agents should be experts in their venues, becoming knowledgeable about recent trials and jury awards.

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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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Distinguished

AUGUST 5, 2024

Affects homeowner premiums : If a claim needs to be made for one of your clients’ toys, that claim could lead to increased premiums on their homeowner’s insurance, a financial burden that may not be worth the claim. Property and Liability products are distributed through a national network of agents and brokers.

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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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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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Zywave

NOVEMBER 6, 2024

Brokers can now leverage industry data and loss profiles from similar organizations to provide their clients with more sophisticated insight into coverage limit adequacy and potential loss gaps. “The The aim of Zywave’s Cyber Quoting is to help the market to grow cyber premium,” said Zywave Senior Vice President Jeff Cohen.

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Zywave

DECEMBER 18, 2024

Our ultimate goal is to help insurers grow more profitably and help brokers increase premium in fast-changing coverage areas while also enabling insurance buyers to have better renewals. Registration is now open: [link]. Become a sponsor to attend the awards gala on June 12.

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American Agents Alliance

DECEMBER 14, 2024

Shifting insurance market conditions will bring new risks and opportunities for agents and brokers. Adapting to these shifts will require agents to be strategic, focused, and aligned with market demands. Heres how independent agents and brokers can thrive during softening insurance market conditions.

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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. California’s insurance market — and its geography — have been shaped by earthquakes over time.

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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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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

Smart Insurance Agents

DECEMBER 9, 2024

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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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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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.

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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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Word & Brown

OCTOBER 31, 2024

Read our prior post, Intro to CRM Tools for Insurance Agents, to learn more about CRM and some of available platforms. The post 5 Strategies to Help Insurance Agents Win Over New Clients appeared first on The Insurance Broker Blog.

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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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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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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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