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.

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Boston ERISA & Insurance Litigation

DECEMBER 5, 2024

To me, the consistent theme that underlies all of the discussion is the ability of AI tools to improve the industrys ability to understand, interpret, manipulate and manage massive amounts of data (and also the risks of bad faith claims from doing so).

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Premium Risk Underwriter Underwriting 40

Tosten Marketing

APRIL 3, 2025

For insurance agencies, educational videos prove particularly effective. Try creating short, informative videos on topics like: How to file a claim Understanding different types of coverage Tips for reducing premiums Infographics simplify complex information and are highly shareable on social media.

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Friendly Agent

SEPTEMBER 21, 2020

The commissions come from a percentage coming from the amount of the yearly premium, as well as the policy it is being offered for. The insurance premium is the money that the person or the business has for the policy. The insurance premiums are intended for policies covering cars, houses, life insurance premiums, and more.

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Tosten Marketing

MARCH 3, 2025

Let’s explore how to craft content that captures attention and drives engagement in the insurance industry. How to Create Engaging Insurance Content for Social Media Blend Industry News with Practical Advice To attract and retain followers, your insurance agency’s social media channels must offer compelling content.

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Insurance Agency Insurance Insured Insurer 52

Tosten Marketing

FEBRUARY 27, 2025

However, if poor maintenance caused the roof’s condition, your insurer might deny the claim. Sprinkler System Malfunctions Damage caused by faulty sprinkler systems usually receives coverage under commercial property insurance. Tosten Marketing understands the importance of protecting business assets.

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Commercial Property Property Insurance Damage Commercial 52

American Agents Alliance

FEBRUARY 7, 2025

One of the most challenging and unpredictable issues facing the insurance industry lately is social inflation. This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Educate policyholders about challenging hard market conditions.

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Broker-Agent Risk Policyholder Agents 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.

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Property Insurance Commercial Property Liability Insurance 52

Property Insurance Centre

OCTOBER 18, 2024

Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns. Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage.

Property Insurance 52

Property Insurance Premium Insurance Insured 52

Triple-I: Homeowners Insurance

NOVEMBER 5, 2024

Incentivizing investment The National Flood Insurance Program (NFIP) Community Rating System (CRS) – a voluntary program that rewards homeowners with reduced premiums when their communities invest in floodplain management practices that exceed NFIP minimum standards – aims to encourage resilience. Miami-Dade County, Fla.,

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Premium Risk Property Damage Damage 59

InsuredMine

OCTOBER 25, 2024

With only two months left in the year, we’re gearing up to kickstart 2025, and the insurance industry stands at a critical crossroads. The integration of AI, blockchain, the Internet of Things (IoT), and advanced data analytics offers tangible solutions to the industry’s most pressing problems. trillion by 2025.

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Risk Insurance Industry Business Interruption Claim 59

Protect Commercial Insurance

OCTOBER 11, 2024

As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks. Businesses now need to consider how climate change might impact their insurance premiums and coverage. Parametric insurance, for instance, is gaining traction.

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Commercial Property Commercial Insurance Policy Policy 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

As we’re trying to raise awareness of this problem with consumers, ‘social inflation’ doesn’t work,” said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. We want to pay claims as expeditiously as possible…. Attorney advertising – estimated to total over $2.4 billion across the U.S. court cases.

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Out-Of-Pocket Broker-Agent Premium Claim 65

InsuredMine

MAY 2, 2024

Can you imagine a world where your car could automatically adjust your insurance premium based on how safely you drive? Or what if your home insurance could send you alerts about potential risks and offer customized coverage options? At the center of this digital transformation lies efficient and effective tools called APIs.

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Insurance Insurer Insured Insurance Industry 52

Protect Commercial Insurance

SEPTEMBER 6, 2024

This approach leverages data analytics and the Internet of Things (IoT) to offer customised insurance plans based on actual use and behaviour. For example, telematics can monitor fleet activities in real-time, allowing insurers to offer more precise premiums based on how, when, and where vehicles are used.

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Commercial Insurance Commercial Cyber Insurance 52

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. 2023 saw a continuation of many difficult conditions still affecting the homeowners insurance market today. WHAT HAPPENED IN 2023?

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Home Insurance Policyholder Insurance Insurer 52

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.

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Commercial Insurance Commercial Insurance Insured 52

Jackson & Jackson

MAY 22, 2024

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.

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Property Insurance Commercial Property Commercial Insurance 52

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

The FORTIFIED method is, at present, completely voluntary, though the insurance industry-funded Strengthen Alabama Homes incentivizes homeowners to retrofit their houses along these guidelines via thousand-dollar grants.

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Building Risk Casualty Insurance Premium 65

American Agents Alliance

MARCH 3, 2025

AI has rapidly transformed the insurance industry and more changes will continue as the technology and use cases mature. New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry.

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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.

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Triple-I: Homeowners Insurance

JULY 9, 2024

This is what the insurance industry is prepared for,” Kevelighan said. “It The P/C industry has $1.1. In Florida, for example, “you’ve got over 70 percent of all homeowners insurance litigation residing in that state, whereas it represents less than 10 percent of the overall claims.” property/casualty market.

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Risk Premium Damage Policy 52

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.

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Property Insurance Policyholder Insurance Insurer 52

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.

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Auto Insurance Broker-Agent Agents Policyholder 40

Majesco

MAY 23, 2024

Insurance company profit margin results right now are like trying to keep water in a leaking bucket. Can insurers fill the bucket with the right premiums as fast as claims pour out potential profits? It’s about rethinking underwriting and claims as well as rethinking risk resilience.

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Risk Underwriter Underwriting Insurance 40

PSM Brokerage

DECEMBER 5, 2024

Allstate, a household name in the insurance industry, is now bringing its trusted reputation to Medicare Supplement (Medigap) plans. Competitive Rates : Budget-friendly premiums make these plans accessible for individuals seeking financial predictability in their healthcare expenses.

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Out-Of-Pocket Agents Policyholder Protection 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.

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Broker-Agent Agents Broker Risk 40

Freeway Insurance

NOVEMBER 24, 2024

In the early 20th century, some companies were caught inflating premiums and denying valid claims, which understandably frustrated consumers. The 1980s brought the issue of “redlining,” where insurers denied coverage based on location, prompting reforms for fair access.

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Auto Insurance Insurance Insured Insurer 52

Protect Commercial Insurance

SEPTEMBER 13, 2024

This impartial approach allows them to access a wide array of policies from various insurers, ensuring that businesses can choose from a broad range of options. Expertise and Industry Knowledge One of the significant advantages of using a broker is their extensive knowledge of the insurance industry.

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PSM Brokerage

DECEMBER 5, 2024

Why Agents Should Sell Aflac Medicare Supplement Plans When it comes to trusted names in the insurance industry, Aflac stands out as a company synonymous with reliability, innovation, and client-focused solutions.

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Out-Of-Pocket Expense Out-Of-Pocket Agents Building 52

Triple-I: Workers Compensation

APRIL 4, 2022

The global insurance broker and risk advisor’s survey of more than 1,300 captives also shows that gross written premiums in this area grew from $54 billion in 2019 to nearly $61 billion in 2020. For many organizations, captive insurance provides a viable alternative for these risks. Gallagher’s O’Brien said.

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HBW Leads

MAY 9, 2024

Providing clear, concise information about your products and supporting customers through claims processes enhances trust and loyalty. The question, again though, is about how to find insurance customers in the first place. Build a Strong Brand Identity Trust and reliability are the cornerstones of the insurance industry.

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Auto Insurance Insurance Agency Insurance Insurer 52

Jackson & Jackson

AUGUST 16, 2024

As a result, insurance companies have had to reassess their strategies for covering properties in high-risk fire zones, leading to higher premiums and coverage limitations for homeowners in these areas. Furthermore, technological advancements have also played a role in shaping the insurance industry.

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Insurance Insured Insurer Risk 52

Constant Contact

JANUARY 28, 2021

For example, a blog feature on life insurance may begin by differentiating term and whole life insurance before delving into specifics such as guaranteed whole life or indeterminate premium whole life. Insight into local insurance requirements Insurance requirements vary dramatically from one state to the next.

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Insurance Insured Insurer Life Insurance 52

Majesco

OCTOBER 10, 2024

[ii] According to the Insurance Journal article, Progressive “outdistanced” GEICO on growth and profitability measures in the first quarter with Progressive reporting a 12% increase in written premiums and a combined ratio of 94.5, points from first-quarter 2021. Leaders differentiate themselves. Not going to ITC?

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Risk Auto Insurance Premium Underwriter 40

Tosten Marketing

MARCH 20, 2025

Insurance agencies might create articles on topics like “5 Common Mistakes When Choosing Home Insurance” or “How to Lower Your Car Insurance Premiums.” These content marketing strategies will improve your SEO performance and establish your agency as a trusted authority in the insurance industry.

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Bankers Insurance

AUGUST 8, 2024

Businesses may end up with inaccurate ITV calculations for a wide range of reasons — whether it stems from ineffective property valuation methods, intentionally underestimating costs to secure reduced premiums or being impacted by factors outside their control (e.g., inflation). Regardless, such inaccuracies are all too common.

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Commercial Property Property Insurance Commercial Out-Of-Pocket 59