July, 2023

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Just 3 weeks to go for the 2023 Mansfield Awards for Claims Excellence

Prof. Allan Manning

Just a reminder that there is only 3 weeks to go before the 2023 Mansfield Awards, which is now in its 7th year! The awards night will be held at The Establishment Ballroom, located at 252 George St, Sydney. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented. The awards are: Personal Lines SME Property and Casualty Corporate Property and Casualty Speciality Lines The Gold Mansfield for the overall highest ranking claims t

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FTC Publishes Proposed Rule Banning Fake Consumer Reviews

Hunton Andrews Kurth

The FTC recently announced a Notice of Proposed Rulemaking (NPRM) aimed at curbing deceptive consumer reviews and endorsements. The NPRM primarily aims to expand the Commission’s ability to seek civil penalties against businesses using false and misleading reviews online, which the FTC maintains can cause significant harm to consumers and competitors.

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What is business personal property insurance (BPP)?

InsuranceBee

Business personal property insurance (BPP) covers any transportable items your business owns. Things you can pick up and carry, basically. That includes tools and equipment you take out of the office with you to do your work. And items you’d … Read more. The post What is business personal property insurance (BPP)? appeared first on InsuranceBee Blog.

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The Ultimate Cover Letter for the Underwriting Process

Brokers’ Service Marketing Group

In those instances where the case submitted isn’t as black and white as one would hope, a well thought out cover letter inclusive of case details will aid in the underwriting process.

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Bond Inflows Highlight Annuity Strengths and Speak to Inept Investors

The Insurance Pro

With the economic landscape changing dramatically and a “new normal” taking shape in the fixed-interest marketplace, bonds are testing a long-held–but poorly vetted–theory about safety. Ask anyone with a minor interest/proficiency in personal finance about safe assets, and you'll likely hear something about bonds. They are the asset the investment industry offers up as a.

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Is Forming An LLC A Good Business Move For Independent Insurance Agents?

Leadsurance

If you’re looking for a promising source of income, you can start an insurance agency. You’ll be helping business enterprises and individuals safeguard their properties against potential risks such as theft, fire outbreaks, and accidents. With the increasing demand for insurance services, starting an insurance agent business allows you to connect with more clients, increasing your chances of generating more revenue.

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SEC Approves NYSE and Nasdaq Clawback Rules

Hunton Andrews Kurth

The US Securities and Exchange Commission (the “SEC”) on June 9, 2023, approved the listing standards Nasdaq and NYSE established requiring listed issuers to adopt and comply with written clawback policies meeting the standards specified by Rule 10D-1. The listing standards will take effect on October 2, 2023. Listed issuers, including publicly-traded retailers, will have until December 1, 2023 (i.e., 60 days after October 2) to adopt a clawback policy that is compliant with the new listing stan

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Preparing For Storm Season

Unitas Financial Services

Storm season is already upon us, and while we can’t control the weather, we can take steps to be prepared. There is no time like the present to start taking preventative measures to help your household be prepared for the unpredictability of Mother Nature.

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Top 10 Helpful Hints for the Broker

Brokers’ Service Marketing Group

Applying for life insurance can be an arduous process for clients. By setting expectations, you can help your clients avert any pain points and create a more positive experience. Check out these “Helpful Hints” from NAILBA to make sure your clients know what to expect.

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How do life insurance companies make money?

QuickQuote

Since life insurance companies pay out multiple claims per year, you may wonder how life insurance companies make money if claims sometimes eclipse the amount earned in premiums. The answer is that life insurance company profitability is based on more than just the amount it earns in premiums. While some of life insurance company revenue. The post How do life insurance companies make money?

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How to Network as an Insurance Agent

Southwest Insurance Agents Alliance

As an insurance agent, one of the strongest assets you can acquire is community. Networking is an extremely essential practice in the industry regardless of your specialty or tenure. Though it may seem intimidating to navigate, there are plenty of simple steps you can take to start building your network and, more importantly, a stronger reputation as an agent.

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Economic Trends Bode Well for Workers Comp, But Emerging Issues Warrant Attention

Triple-I: Workers Compensation

Workers compensation insurance provides for the cost of medical care, rehabilitation, and wage replacement for injured workers and death benefits for the dependents of persons killed in work-related accidents. In recent years, it has been the most profitable property/casualty line of business, having experienced its sixth consecutive year of combined ratios under 90 and its ninth straight year of underwriting gains.

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Made in the USA-ish: FTC Charges Clothing Accessories Companies for False “Hand Crafted in USA” Claims

Hunton Andrews Kurth

The FTC took action last week against a group of New England-based clothing accessories companies for making false claims that certain of its products were “Made in USA.” The FTC’s complaint alleges that Chaucer Accessories, Bates Accessories, and Bates Retail Group have deceptively advertised that their products are “Made in USA” or “Hand Crafted in USA” despite selling certain products that are either wholly imported or containing imported components.

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FTC Updates Endorsement Guides: Highlights Online Reviews, Social Media Tags, and Clear Disclosures

Hunton Andrews Kurth

Last week, the FTC announced its long-awaited finalization of updated Endorsement Guides. These guidelines come after the FTC initially voted to publish revised guidelines in May 2022. The new Guides were approved by a unanimous vote and make a significant number of updates to the 2009 version. The Commission reviewed the 108 comments it received and amended the final Guides based on those comments.

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How to Find an Old Life Insurance Policy

QuickQuote

If your loved one didn’t leave a clear record of a life insurance policy, it can be difficult to know how to find an old life insurance policy. We break down the main steps on how to find out if someone has life insurance, so you can easily find out whether the deceased had an. The post How to Find an Old Life Insurance Policy first appeared on QuickQuote.com.

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Site Map

QuickQuote

Here’s a video on how to use the Overview Box above and the Reference Section below: [link] Delete the filler text below and start writing. Good luck. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco. The post Site Map first appeared on QuickQuote.com.

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How to Find an Unclaimed Life Insurance Policy

QuickQuote

Life insurance payouts may only be claimed if the insurance company can find a beneficiary or the beneficiary knows about the policy. Fortunately, these unclaimed life insurance policies can be found, regardless of how much time has passed. Keep reading to learn how to find an unclaimed life insurance policy and file a claim. Reasons. The post How to Find an Unclaimed Life Insurance Policy first appeared on QuickQuote.com.

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The Scoop On The Fifth Circuit’s Ruling Against Blue Bell Ice Cream

Hunton Andrews Kurth

As reported on Hunton’s Insurance Recovery Blog , the Fifth Circuit recently held that Blue Bell Creameries’ commercial general liability (CGL) insurers do not have a duty to defend the ice cream company in a shareholder lawsuit, which arose from a Listeria outbreak. The decision underscores the importance of coordination of different coverages and policies across insurance programs, as well as the potential perils policyholders may face if forced to seek recovery for certain losses under no

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How Life Insurance Payouts Work [2024]

QuickQuote

The life insurance payout is available to the beneficiaries in the event of an insured’s death. However, the way the payment is disbursed varies. Whether you choose a lump sum or annuity payment, you may have to pay taxes on the death benefit. Keep reading to learn how life insurance payouts work and how to. The post How Life Insurance Payouts Work [2024] first appeared on QuickQuote.com.