Insurance Journal

MARCH 3, 2025

The nonprofit company also announced its highest-ever policyholder dividend of $55 million for 2025. Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April 1, 2025. It is the eighth …

Workers Comp 238

Workers Comp Policyholder Insurance Insurer 238

Insurance Journal

MARCH 13, 2025

CannGen Insurance Services LLC is now offering workers’ compensation coverage for the legal cannabis industry through specialty insurance provider Crum & Forster. CannGen policyholders can access C&F Connect, an online portal designed … The program is available in all 50 states.

Workers Comp 135

Workers Comp Policyholder Compensation Workers Compensation 135

The Property Insurance Law Observer

JULY 25, 2024

June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. The plaintiff subsequently filed suit for breach of insurance contract and bad faith, arguing that State Farm failed to provide timely and adequate compensation for the covered losses. State Farm Fire , No.

Damage 130

Damage Personal Property Policyholder Claim 130

Property Insurance Coverage Law

AUGUST 30, 2024

It’s distinct from workers’ compensation insurance; workers’ comp (as it’s often called) provides benefits to employees who are injured on the job, while employer’s liability insurance covers the employer’s legal costs and potential damages if an employee … The post What Is Employers Liability Insurance?

Liability Insurance 170

Liability Insurance Liability Workers Comp Workers Compensation Insurance 170

Zywave

MARCH 3, 2025

.” If you don’t have the opportunity to check out the full webinar, read on for key insights from the discussion and actionable advice for insurers, brokers, and policyholders. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.

Casualty Insurance 52

Casualty Insurance Policyholder Liability General Liability 52

P&L Financial Services

AUGUST 29, 2024

Compensation often includes a base salary, commissions, and bonuses, which can significantly boost overall earnings. Myth 4: It’s Impossible to Make a Good Living Another common myth is that senior benefits agents don’t earn a good income. Many agents enjoy lucrative careers with competitive salaries and excellent benefits.

Policyholder 52

Policyholder Risk Agents Insurer 52

LexisNexis

DECEMBER 2, 2024

Oakland, CA -- The California Department of Industrial Relations (DIR) has issued the 2025 assessments that workers’ compensation insurers are required to collect from policyholders to cover the budget of the state Division of Workers’ Compensation (DWC) and five related programs set up by state lawmakers.

Workers Comp 40

Workers Comp Workers Compensation Policyholder Premium 40

Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes. By exploring these guides, individuals can gain a comprehensive understanding of why insurance is essential.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

Triple-I: Workers Compensation

JULY 22, 2024

State guaranty funds make up a privately funded, nonprofit state-based national system that pays covered claims up to a state’s legally allowable limits, protecting policyholders if their insurer becomes insolvent. There are 55 such funds because some states have more than one.

Workers Compensation 52

Workers Compensation Insurer Insured Insurance 52

LexisNexis

SEPTEMBER 17, 2024

The Institute argues that the current auto insurance structure “compensates victims quickly, fairly and efficiently, especially when compared to other risk transfer mechanisms,” such as the product liability model, which “could force consumers and victims to pursue complex, lengthy lawsuits to seek compensation.”

Auto Insurance 97

Auto Insurance Insurance Insurer Insured 97

Risk Management Monitor

SEPTEMBER 21, 2021

The policyholder’s unique objectives should drive decisions about how often to conduct the claims reviews, what types of claims to include and where to dive into the greatest detail. As a result, within about two years, the program cut the manufacturer’s workers compensation loss ratio roughly in half.

Claim 75

Claim Injury Workers Compensation Risk 75

Property Insurance Centre

JANUARY 4, 2024

With higher rates and greater net participations, primary insurers face challenges in balancing affordability for policyholders while maintaining the necessary coverage to protect against risks. This helps to mitigate the risk of underinsured properties and ensures that policyholders have adequate coverage in place.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Distinguished

NOVEMBER 7, 2024

If the principal fails to fulfill these obligations, the surety is responsible for rectifying the breach, either through financial compensation or by ensuring the completion of the contract. Insurance Products: Insurance transfers risk from the insured (policyholder) to the insurer (insurance company).

Claim 52

Claim Compensation Risk Broker-Agent 52

Triple-I: Business Insurance

AUGUST 11, 2022

Social inflation” refers to the impact of litigation costs on insurers’ claim payouts, loss ratios, and, ultimately, how much policyholders pay for coverage. Kurtz said the workers’ compensation line’s multi-year run of underwriting profits is expected to continue, although margins are likely to shrink further through 2024. percent.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Protect Commercial Insurance

DECEMBER 6, 2024

Consequently, insurers broadened their products to protect against everything from product liability and professional indemnity to an array of workers’ compensations. This transparency builds trust between insurers and policyholders, as all parties have access to the same information.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Insurer 52

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

Healthinsurance.org

MAY 20, 2024

In this article HealthCare.gov policyholders at risk Scammers circumvent consumers protections The damage to affected Marketplace buyers Factors that led to the alleged fraudulent activity Buyers with lower incomes targeted Is this happening in states that run their own Marketplaces? What should consumers do? Accessed Aril 25, 2024 “ H.R.1319,

Broker-Agent 52

Broker-Agent Broker Out-Of-Pocket Premium 52

Cover4LetProperty

OCTOBER 10, 2022

The broker’s job is to bring that – and other elements like it – to the attention of a potential policyholder to provide them with informed choices. What does let property insurance cover offer by way of protection? Do these areas include all-risks cover?

Insurer 52

Insurer Insured Insurance Property Insurance 52

Redbird Agents

JUNE 14, 2024

Also, always make sure and check your contracts for updated compensation details and commissions. Accumulation side of an annuity is the amount of funds available to the policyholder through cash surrender or withdrawals. Below and some of the common commission levels based on some of the most common annuity products.

License 130

License Life Insurance Agents Premium 130