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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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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Commercial Insurance Broker Commercial Broker-Agent 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.

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Broker Broker-Agent Premium Agents 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.

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Broker Broker-Agent Insurance Broker Insurer 52

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.

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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.

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Broker Injury Insurance Broker Life Insurance 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

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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Premium Out-Of-Pocket Broker-Agent Broker 111

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.

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Word & Brown

AUGUST 16, 2024

Many brokers choose to partner with Word & Brown. Plus, our value-added extras – like free COBRA admin and a Premium Only Plan for qualified groups – will help you nurture your client relationships for a long-term connection. Let us prove our value to you and show you what the Power of [&] can mean for you and your agency.

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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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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 52

Premium Cyber Insurance Broker Insurer 52

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 Insurer Insured Insurance 119

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 72

Workers Compensation Compensation Workers Comp Premium 72

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

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.

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Cyber Premium Broker Marine 52

Neilson Marketing Services

OCTOBER 23, 2024

You can refine your outreach efforts by focusing on agencies with the right premium volumes, specialties, and relationships with specific carriers. In less than a year, they doubled their revenue from brokered accounts, with a 138% growth rate, and increased their year-over-year revenue by 24% in 2023.

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Broker-Agent Premium Agents Insurance Agency 105

Property Insurance Centre

NOVEMBER 11, 2024

” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions. A series of repudiated claims, where a lack of maintenance has been illustrated, is a sure-fire way to have insurance renewals offered with high premiums, higher excesses & restricted levels of cover.

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Insurer Insured Insurance Premium 52

Protect Commercial Insurance

JULY 26, 2024

In this article, we will provide you with four essential tips to help you understand your coverage needs, find the best rates, review and update your policy regularly, and work with an experienced insurance broker. Insurance premiums can vary significantly between providers, so it’s essential to compare quotes from multiple insurers.

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Commercial Insurance Broker General Liability Business Interruption 52

Property Insurance Centre

OCTOBER 18, 2024

The insurance industry has had to adjust premiums to reflect this growing risk. Long-Term Implications for the Market The combination of rising claims, more frequent extreme weather events, and increasing premiums is putting significant pressure on the UK property insurance market.

Property Insurance 52

Property Insurance Premium Insurer Insured 52

R&R Insurance

SEPTEMBER 12, 2024

These rebates may be in the form of a premium credit or a lump-sum payment. If you’re feeling lost and don’t know what you should be doing to be in compliance with your ERISA Fiduciary requirements, contact one of our Knowledge Brokers – we know! Most group health plans sponsored by employers in the private sector are subject to ERISA.

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Premium Insurance Carrier Policyholder Broker 59

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?

Broker-Agent 52

Broker-Agent Broker Out-Of-Pocket Premium 52

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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Cyber Broker-Agent Broker Commercial 52

Cowbell

AUGUST 20, 2024

In two years, he successfully implemented over 20 partnerships with major insurance brokers and significantly enhanced Arch’s digital presence while optimizing the underwriting process through automation, culminating in improved user interfaces and portals.

Cyber 105

Cyber Insurance Broker Underwriter Underwriting 105

Word & Brown

OCTOBER 18, 2024

That’s why we suggest every broker adopt and implement a good Customer Relationship Management (CRM) platform. Check out our prior post, Ranking the Best CRM Options for Insurance Brokers. KFF said in August 2024 that Affordable Care Act (ACA) insurers were seeking a median premium increase of 7% for 2025.

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Broker Insurance Broker Premium Deductible 52

Property Insurance Centre

AUGUST 8, 2024

However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!

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Insurer Insured Insurance Premium 52

Protect Commercial Insurance

FEBRUARY 10, 2022

Whilst we’re predominantly a commercial insurance broker, the new ruling affects our high-value household policies. Key changes The new rules have brought some key changes to the way General Insurance works: Equivalent policy premiums should not be higher for existing customers than for new customers. Premium reductions?

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Premium Commercial Insurance Broker Commercial 52

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. Word & Brown has been partnering with brokers for nearly 40 years.

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Premium Broker-Agent Insurer Insured 52

Property Insurance Centre

AUGUST 28, 2024

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of their goods.

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Insurer Insured Insurance Property Insurance 52

Ease

FEBRUARY 21, 2023

Annual benchmarking and trend report shows smallest businesses see biggest medical premium increases SAN FRANCISCO, Feb. 21, 2023 – Ease®, a leading HR and benefits software solution for small- and medium-sized businesses (SMBs), insurance brokers, and insurance carriers, today released the 2023 SMB Benefits and Employee Insights Report.

Premium 52

Premium Out-Of-Pocket Deductible Insurance Broker 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.

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Broker-Agent Broker Agents Insurance Carrier 130

AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. You’re gonna have to some of these premium adjustments. We’ve got things under control based on your mod.

Workers Comp 52

Workers Comp Risk Workers Compensation Injury 52

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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Agents Broker-Agent Policyholder Insured 52

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.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Zywave

NOVEMBER 13, 2024

Distribution & Quoting You can’t build your cyber business if you don’t get your coverage in front of the right brokers and their clients. This data can be fed directly into your underwriting and actuarial models, helping you sustainably expand premium opportunities without blindly assuming risk.

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Cyber Policyholder Insurer Insured 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.

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Insurance Agents Insurance Agent Agents Broker-Agent 130

Property Insurance Centre

AUGUST 12, 2024

Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. Looking for a quote now?

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Commercial Property Commercial Property Insurance Building 52