Triple-I: Homeowners Insurance

JANUARY 13, 2025

Overall, this and other key report findings revolve around the value of proactive measures for effective preparedness and mitigation strategies to address the increasing risks posed by severe weather events and the need for collaboration between homeowners, insurers, and governments to enhance resilience against natural disasters.

Policyholder 78

Policyholder Claim Premium Risk 78

American Agents Alliance

OCTOBER 8, 2024

E&O claims continue to grow in complexity along with the changing insurance landscape. Technology offers innovative ways to track and reduce E&O claims with robust tools. These technologies have changed how agents and brokers manage risk and advise policyholders, introducing the potential for new E&O claims.

Claim 40

Claim Broker-Agent Agents Broker 40

Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

InsuredMine

DECEMBER 26, 2024

Insurtech: The Game-Changer Insurtech, a fusion of “insurance” and “technology,” refers to the innovative use of technology to improve the efficiency and effectiveness of the insurance industry. Invest in insurtech solutions that align with your agency’s specific needs and client base.

Risk 105

Risk Claim Building Financial Loss 105

LexisNexis

SEPTEMBER 17, 2024

With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies. Indeed, AV technology could upend the very foundations of the car insurance industry. First, some basics.

Auto Insurance 97

Auto Insurance Insurance Insurer Insured 97

InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. Understanding Predictive Churn Analytics Predictive churn analytics is revolutionizing the insurance sector by enabling companies to shift their focus from traditional risk assessment to proactive customer retention strategies.

Risk 59

Risk Policyholder Insurance Insurer 59

Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Insurance companies must raise rates so they can afford to pay for all the policies they issue. Reduce liability risks. 3 or 5 years).

Home Insurance 52

Home Insurance Policyholder Insurance Insurer 52

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. Injury claim severity in the state is slightly higher than in the rest of the country.

Commercial General Liability 52

Commercial General Liability Commercial Umbrella Claim Liability 52

American Agents Alliance

DECEMBER 8, 2024

2025 will bring new ideas, innovations, and changes to an ever-evolving insurance industry. Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

American Agents Alliance

AUGUST 10, 2024

Severe weather is transforming the auto insurance industry. This means insurers must adapt to changing weather patterns and increasing unpredictability. Focused on the impacts of severe weather events on the auto insurance and repair industries, the report gives timely details on the future of the industry.

Auto Insurance 40

Auto Insurance Broker-Agent Policyholder Agents 40

Protect Commercial Insurance

DECEMBER 6, 2024

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. – Fraud Detection : AI’s capability to detect anomalies makes it a powerful tool against fraudulent claims.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Insurer 52

Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

American Agents Alliance

JULY 5, 2024

And when it comes to the insurance industry, having data and using it well has become a differentiator. Review prior claims and losses and use data this data to identify the highest-risk areas of the agency. Look for any trends that may turn into customer complaints — and resolve them before they turn into E&O claims.

Risk 40

Risk Broker-Agent Agents Policyholder 40

Cowbell

DECEMBER 30, 2024

Heres a summary of the years key achievements: Empowering Policyholders Through Insights and Risk Reduction: Our Cyber Round-Up Reports shed light on the current cyber threat landscape concerning company sizes and industries, as well as the frequency and severity of different types of cyber threats.

Cyber 52

Cyber Policyholder Risk Building 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. We want to pay claims as expeditiously as possible…. Attorney advertising – estimated to total over $2.4

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

InsuredMine

SEPTEMBER 30, 2024

Today, for insurance agencies, the road from a prospective client to a loyal policyholder can often feel like a winding journey filled with uncertainties. This significant increase highlights the importance of consistent communication and relationship-building in the insurance industry.

Insurance Agency 80

Insurance Agency Agents Building Policy 80

Redbird Agents

JULY 9, 2024

It’s a common misconception that becoming an insurance agent is an easy path to success. Statistics from the insurance industry reveal a different story. Roughly 10 percent of independent insurance agents generate the vast majority of insurance sales, leaving many to question the viability of this career path.

Insurance Agents 130

Insurance Agents Insurance Agent Agents Broker-Agent 130

Triple-I: Homeowners Insurance

JUNE 26, 2024

This was due in part to inflation spurred by the COVID-19 pandemic and the war in Ukraine as well as longtime challenges in the state with claim fraud and legal system abuse. The legislation also ensures transparency and efficiency in the claims process and encourages more efficient, less costly alternatives to litigation. . –

Premium 52

Premium Property Insurance Claim Policyholder 52

PSM Brokerage

DECEMBER 5, 2024

Allstate, a household name in the insurance industry, is now bringing its trusted reputation to Medicare Supplement (Medigap) plans. With decades of experience providing peace of mind to millions of policyholders, Allstate has created Medigap plans that offer comprehensive coverage, flexibility, and affordability.

Out-Of-Pocket 52

Out-Of-Pocket Agents Policyholder Protection 52

Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Under a coinsurance clause, a policyholder faces a penalty — usually a reduced payout — if their coverage limit is not at least equal to a predetermined percentage (e.g.,

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Majesco

APRIL 25, 2024

It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. The insurance infield turns grounders into outs, just as MLB infielders turn hits into double plays. For insurers, the grand slam is an exceptional customer experience with optimized operations. The ball never hits the dirt.

Premium 40

Premium Underwriter Underwriting Claim 40

InsuredMine

FEBRUARY 15, 2024

Brian Duperreault, CEO of AIG, once said, “The insurance industry is in the midst of a technological revolution. How can the insurance industry be left behind? With shared visibility, admins and agents can collaborate on policy management, updating policy details, and following up on renewals and claims.

Agents 52

Agents Insurance Insurer Insured 52

Constant Contact

JANUARY 28, 2021

Q&A features In-depth content is vital to establishing your company as a respected resource within the insurance industry. Feel free to include these common questions: When should I update my life insurance coverage? Under what circumstances should I file an auto insurance claim? Insurance jokes or quotes.

Insurance 52

Insurance Insurer Insured Life Insurance 52

Constant Contact

NOVEMBER 17, 2020

Whether you’re new to the insurance industry or have been at it for decades, in order to keep your business growing, you need to understand insurance marketing almost as well as you understand insurance. Include news about the insurance industry that may impact customers.

Insurance 52

Insurance Insurer Insured Insurance Agents 52

American Agents Alliance

OCTOBER 23, 2024

It was important to us to find aI partner that understands the insurance industry and can customize its offering to accommodate the unique needs of each agency, and that is exactly what we’ve found with Liberate,” he adds. Jeff Arnold of RIGHTSURE couldn’t agree more. Excelling at one communication channel is no longer enough.

Agents 40

Agents Insurance Agency Policyholder Claim 40

Majesco

JUNE 13, 2024

The number of claims is rising. It is helping insurers avoid costly risks, coaching policyholders to make sensible changes and it is dramatically improving the claims process. For several years, the insurance industry has been focused (and rightly so) on the customer experience.

Risk 40

Risk Underwriter Underwriting Insurance 40

Scott Insurance

APRIL 21, 2020

Proper Disclosure to Your Insurance Provider Insurance policies outline terms and conditions of coverage, including what responsibilities the policyholder must comply with in order to maintain coverage. These conditions include notification requirements, including timeliness, of any material change in operations.

Risk 40

Risk Liability Underwriter Underwriting 40

Triple-I: Homeowners Insurance

SEPTEMBER 24, 2024

The CAS analysis found that telematics variables –such as miles driven, hard braking, hard acceleration, and days of the week driven – significantly reduce the need to include age, sex, and marital status in the claim frequency and severity models.

Risk 59

Risk Casualty Insurance Policyholder Premium 59