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What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

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Housing Code Violations in Los Angeles: An Interview with Katie Vespia 

Distinguished

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. We speak with Katie Vespia, President of Distinguisheds Real Estate program , to discuss common violations, associated fines, the resolution process, and how these issues impact insurance coverage.

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Housing Code Violations in NYC: An Interview with Katie Vespia

Distinguished

In New York City, housing code violations challenge property owners, tenants, and insurance brokers alike. With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. First, there are heating and hot water issues.

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Housing Code Violations in Chicago: An Interview with Katie Vespia

Distinguished

In Chicago, housing code violations not only affect tenant safety and property values but also play a critical role in insurance risk assessments. Understanding these violationsfrom heating failures to structural hazardsis essential for insurance brokers advising property owners. Insurance brokers are pivotal in this arena.

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Housing Code Violations in Philadelphia: An Interview with Katie Vespia

Distinguished

For instance, problems with roofs and exterior wallssuch as cracks, leaks, or deteriorating materialscan weaken a buildings overall integrity, while foundation issues like uneven or shifting bases create serious safety hazards. These resources are invaluable for both property owners and insurance brokers when assessing risk.

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Housing Code Violations in San Francisco: An Interview with Katie Vespia

Distinguished

For buildings constructed before June 13, 1979, strict rent control laws apply. These include unstable buildings, unsafe stairways, or poorly maintained common areas like balconies and porches. Once a report is filed, the Department of Building Inspection (DBI) conducts an inspection. First, there are Rent Control Violations.

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12 Productivity Hacks for New Insurance Brokers

Word & Brown

Time Management Hacks for Insurance Brokers 1: Create a daily schedule. This will help you avoid task build-up that can often lead to greater time consumption later. Build short breaks into your focused work schedule. The post 12 Productivity Hacks for New Insurance Brokers appeared first on The Insurance Broker Blog.