Prof. Allan Manning

FEBRUARY 10, 2025

In fact, quite rightly we are seeing Brokers suggest longer Indemnity Periods due to a general lengthening of the time taken to recover from a major insured event. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

Business Interruption 189

Business Interruption Claim Insured Insurer 189

AMAXX

MARCH 24, 2025

In this final part of our series exploring the nine elements of independent premium audits, we turn our focus to specialized situations and nuanced adjustments auditors carefully evaluate. Auditors disallow estimates, making precise documentation vital to receiving the intended premium savings associated with this exception.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

Solstice Insurance Broker

JANUARY 23, 2025

As an insurance broker, you can be the compass your clients need. Key Takeaways : Brokers should stay informed to empower their clients. Key Takeaways : Brokers should stay informed to empower their clients. Brokers should advocate for clients year-round, assisting with claims and policy updates.

Out-Of-Pocket 100

Out-Of-Pocket Broker Insurance Broker Deductible 100

AMAXX

FEBRUARY 18, 2025

These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. What Are Classification Rules?

Workers Compensation 103

Workers Compensation Compensation Workers Comp Premium 103

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Understanding how these two factors interact can help businesses reduce their premiums and improve workplace safety.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

Insurance Journal

NOVEMBER 17, 2024

As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trends include: • Weather-related …

Underwriter 130

Underwriter Underwriting Broker-Agent Deductible 130

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.

Premium 116

Premium Out-Of-Pocket Broker-Agent Broker 116

R&R Insurance

FEBRUARY 20, 2025

Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same. While at first glance, this appears a boon to the bottom line for Wisconsin contractors as work comp premium makes up the lions share of insurance costs.

Workers Compensation 52

Workers Compensation Insurance Carrier Premium Compensation 52

Zywave

MARCH 20, 2025

Across all lines of business, quote volume grew by 16% and premium quoted increased by 31%, versus the previous year. Growth in rating, quoting and connectivity: In 2024, Zywave strengthened its position as the largest enabler of digital quoting in the industry. In Commercial Lines, quote volume within MGA Hub increased 27% YoY.

Cyber 52

Cyber Broker Premium Risk 52

Distinguished

MARCH 20, 2025

Could you start by describing the most common housing violations in Philadelphia that property owners and brokers should be aware of? These resources are invaluable for both property owners and insurance brokers when assessing risk. What role can insurance brokers play in managing these challenges for their clients?

Broker 52

Broker License Insurance Broker Risk 52

Elmore

FEBRUARY 27, 2025

FTSE 100-listed UK insurer on track to complete 3.6bn takeover of smaller rival Direct Line The post Aviva profits jump 20% boosted by premiums income appeared first on Elmore Insurance Brokers.

Premium 52

Premium Insurance Broker Broker Insured 52

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 […]

Commercial Insurance 52

Commercial Insurance Premium Commercial Broker-Agent 52

Elmore

OCTOBER 19, 2024

Insurers are attempting to stem persistent losses on their underwriting The post Home insurance premiums to keep rising in ‘difficult year’ appeared first on Elmore Insurance Brokers.

Home Insurance 52

Home Insurance Premium Insurance Broker Underwriter 52

Word & Brown

APRIL 1, 2025

Individual Health Insurance Tax Deductibility If you offer individual health insurance to your clients, they may be able to include their health insurance premiums in their medical expense calculation on their taxes. Other health care-related expenses may also be deductible for your clients, depending on their incomes.

Deductible 52

Deductible Premium Out-Of-Pocket Insurance Policy 52

Property Insurance Centre

MARCH 21, 2025

This diversity in building age and structure affects insuranceolder buildings may face higher premiums due to maintenance risks, while newer developments may require higher coverage for cutting-edge amenities. Insurers view these uses as higher risk, which can lead to increased premiums or the need for specialist insurance policies.

Premium 52

Premium Insured Insurer Insurance 52

Redbird Agents

SEPTEMBER 13, 2024

Buyers are more likely to pay a premium for an agency that has multiple revenue streams. An experienced business broker and CPA can help guide you through the process, ensuring you get the best deal. Business Broker: A broker can help you find the right buyer and navigate negotiations.

Broker-Agent 240

Broker-Agent Broker Agents Insurance Carrier 240

Property Insurance Centre

MARCH 11, 2025

Higher Property Values and Rebuild Costs London property prices are significantly higher than the national average, which means higher rebuild costs and, consequently, higher insurance premiums. Many insurers require more detailed valuations and risk assessments due to the higher sums insured.

Risk 52

Risk Insured Insurer Insurance 52

ProWriters

NOVEMBER 18, 2024

After several years of dramatic rate fluctuations, insurers, brokers, and businesses are bracing for what could be a defining year for D&O premiums. However, Fitch Ratings warned that these gains wouldn’t likely hold through 2024, especially as lower premiums and increased litigation strained the sector.

Premium 101

Premium Cyber Insured Insurer 101

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.

Premium 119

Premium Insured Insurer Insurance 119

ProWriters

JANUARY 3, 2024

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. After a tumultuous 2021 , the horizon seemed promising as brokers witnessed a stabilization of D&O pricing in 2022.

Premium 52

Premium Insured Insurer Insurance 52

AMAXX

AUGUST 7, 2024

These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. What Are Classification Rules?

Workers Compensation 102

Workers Compensation Compensation Workers Comp Premium 102

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.

Insurance Broker 52

Insurance Broker Broker Broker-Agent Out-Of-Pocket Expense 52

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?

Policy 52

Policy Broker-Agent Inland Marine Liability 52

Zywave

AUGUST 6, 2024

According to the Insurance Information Institute, global cyber premiums are expected to rise as high as $23 billion by 2025. Experts also expect that over half of the global written premium will be represented by US-based companies.

Cyber 98

Cyber Premium Broker Marine 98

Word & Brown

AUGUST 6, 2024

The most recent BenefitsPRO/Eastbridge Consulting Group survey of Voluntary Benefits producers includes these key findings: -Many brokers reported higher sales in 2023 as compared to 2022. jump, which pushed total sales premium to $9.34 jump, which pushed total sales premium to $9.34 billion, or 68% of the total market.

Broker 52

Broker Injury Insurance Broker Life Insurance 52

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.

Commercial Insurance 52

Commercial Insurance Broker Commercial Broker-Agent 52

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. Adherence to Marketplace branding and logo use rules.

Agents 52

Agents Broker-Agent Broker Out-Of-Pocket 52

Property Insurance Centre

JANUARY 30, 2025

If you’re unsure, consult a broker or insurer experienced in property management to ensure you’re fully protected. 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?

Property Insurance 52

Property Insurance Insured Insurer Insurance 52

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.

Broker 52

Broker Broker-Agent Insurance Broker Insured 52

Distinguished

MARCH 19, 2025

Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. What role can insurance brokers play in managing these challenges for their clients?

Building 52

Building Broker Damage Insurance Broker 52

Property Insurance Centre

FEBRUARY 24, 2025

The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums. 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?

Liability 52

Liability Protection Claim Property Insurance 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. Brokers have been working with Word & Brown since 1985.

Broker 52

Broker Broker-Agent Agents Premium 52

Friendly Agent

SEPTEMBER 21, 2020

The insurance broker is able to earn money from commissions when they start selling insurance products to customers. Brokers may also sell various kinds of insurance, ranging from health insurance, P&C insurance, annuities,and life insurance. The basic system on how the broker commissions are based on the policies which are sold.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Broker-Agent 130

Word & Brown

FEBRUARY 4, 2025

Insurance broker success depends on many things. For almost 40 years, weve been helping brokers differentiate themselves from their competitors. Thats why so many California and Nevada brokers choose us as their preferred General Agency partner.

Broker 52

Broker Building Insurance Broker Underwriter 52

Word & Brown

SEPTEMBER 10, 2024

One of the reasons so many brokers choose Word & Brown as their General Agency partner is so they can take advantage of the streamlined sales processes offered by our broker support teams. The post Streamline Your Sales Processes With Help from Word & Brown’s Broker Support Teams appeared first on The Insurance Broker Blog.

Broker 52

Broker Underwriter Underwriting Premium 52

Word & Brown

FEBRUARY 25, 2025

If youre a CaliforniaChoice broker, dont overlook the value-added benefits of a Premium Only Plan (POP) that allows employees to pay insurance premiums pre-tax, while also reducing the employers tax liability. The post Using a Sense of Urgency to Close More Often: 3 Tips appeared first on The Insurance Broker Blog.

Premium 52

Premium Broker Insurance Broker Liability 52

Distinguished

MARCH 21, 2025

Understanding these violationsfrom heating failures to structural hazardsis essential for insurance brokers advising property owners. Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. What role can insurance brokers play in managing these challenges for their clients?

Building 52

Building Insurance Broker Broker Damage 52