Sat.Jul 06, 2024 - Fri.Jul 12, 2024

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Allstate Seeking 34% Rate Hike on California Homeowners Insurance

Insurance Journal

Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023.

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Masonry Insurance: Seven Policies You Need to Protect Your Business

Central Insurance

Learn about essential masonry insurance policies to protect your business from risks and ensure its long-term success. The post Masonry Insurance: Seven Policies You Need to Protect Your Business appeared first on Central Insurance Blog.

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3 Easy Steps for P&C Agents to Start Selling Life Insurance

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. This is for existing P&C insurance agents who want to learn how to get started selling life insurance. It’s easy… it’s really, really easy to learn how to get started selling life insurance. Your unique advantage is that you bring a client base to the table; one that knows you (or one of your agents or CSRs) and is loyal.

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Maximize Customer Retention With Exceptional Service

American Agents Alliance

Independent agents and brokers can differentiate their services by providing exceptional customer service. This can help agents to find new customers, but often more importantly, providing great service aids in customer retention. It is less costly and less time-consuming to retain a customer you already have — so it is important to focus on retention.

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What Happened to Reinsurance Class of 2023? Hard Market Defies Age-Old Patterns.

Insurance Journal

Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in turn drove the formation of startup reinsurers to fill capacity needs.

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Is your business prepared for disaster? Step #5: Know your information technology.

Frankenmuth Insurance

Almost all businesses depend on access to computers and the internet, which makes them critical to include in your disaster preparedness plan. But just how well do you know your information technology? If your company uses technology to conduct business, communicate with customers, or retrieve important information, find out how to keep yourself covered.

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Meet Relation’s 2024 Insurance Journal Top CSRs and Account Managers MVP’s

Relation

Insurance Journal recently announced its inaugural Most Valuable Players recognition awards. Fifteen MVPs were named from around the country. Two of the fifteen recipients are part of our Relation family! Congratulations to Sara Wilson and Erinn Stringer for their hard work and service to our clients! What is an Insurance Journal MVP The Insurance Journal report features 15 MVPs […] The post Meet Relation’s 2024 Insurance Journal Top CSRs and Account Managers MVP’s appeared fir

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Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season

Insurance Journal

Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing conditions in the P&C and reinsurance sectors, Moody’s Ratings said.

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July is UV Safety Awareness Month

R&R Insurance

July is UV Safety Awareness Month. As we bask in the warmth of the summer sun, it's crucial to remember the potential dangers that come with excessive exposure to UV rays. While the sunshine brings us joy and vitamin D, it's essential to protect our skin from the harmful effects of ultraviolet radiation. Premature aging and skin cancer are serious health concerns that can arise from prolonged sun exposure.

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Triple-I Experts Speakon Climate Risk, Resilience

Triple-I: Homeowners Insurance

Hurricane Beryl’s rapid escalation from a tropical storm to a Category 5 hurricane does not bode well for the 2024 Atlantic Hurricane season, which is already projected to be of above-average intensity, warns Triple-I non-resident scholar Dr. Philip Klotzbach. “This early-season storm activity is breaking records that were set in 1933 and 2005, two of the busiest Atlantic hurricane seasons on record,” Dr.

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Part 3: Permanent Total Disability – Other Defenses to Consider

AMAXX

Defending Permanent and Total Disability (PTD) cases presents many challenges for the claim management team and other interested stakeholders. In addition to a focus on job search issues, there are other defenses to consider. These matters must be considered when seeking to maximize the efficiency of any workers’ compensation program and reduce costs.

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Florida Tax Watch Calls for Renewed Tax Breaks for Home Hardening Efforts

Insurance Journal

Florida Tax Watch, a nonprofit government watchdog in operation for 45 years, is urging state lawmakers to expand wind-mitigation tax breaks for homeowners struggling with higher insurance premiums.

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Impact Wellbeing™ Guide Workshop Series Brings Together Hospital Leaders to Improve Healthcare Worker Wellbeing

CDC: Workers Compensation

NIOSH’s Impact Wellbeing™ campaign gives hospital leaders evidence-informed solutions to reduce healthcare worker burnout and sustain wellbeing. The goal is to build a system where healthcare workers thrive. It helps hospital leaders go beyond individual resilience efforts and encouraging self-care to instead focus on systems-level improvements. Many hospitals face challenges getting started or have concerns about the resources needed for wellbeing work.

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Avoiding Common Home Insurance Claims During Renovations

Mark Jackson Insurance Agency

Home renovation samples by Pixabay Renovating your home can be an exciting journey, transforming your living space into the dream dwelling you've always wanted. However, amidst the excitement, it's crucial to undertake precautions to avoid common pitfalls that could lead to home insurance claims. By following a few key tips, homeowners can ensure their renovation process is not only smooth, but also secure.

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Life insurance for retirees: What you need to know

Shield Insurance Agency

Shield Insurance Agency Blog | Life Insurance | Contact Us Today! As we reach our retirement years, many of us start to consider what kind of legacy we want to leave behind. One crucial aspect of this planning is life insurance. In this blog post, we will explore the importance of life insurance for retirees and the options available to ensure financial security and peace of mind.

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California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

Insurance Journal

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 to $1.38 per $100 of payroll— representing a 2.1% percent decrease from last year.

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Hotel Primary Insurance: A Check-In to Success for Insurance Brokers

Distinguished

Ready to boost your expertise in Hotel Primary Insurance? If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. You have the opportunity to learn game-changing sales strategies and insider knowledge that will set you apart from the competition. Hear from industry experts as they discuss critical differences in Hotel Primary policies and key risks to consider.

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Home Shopping? Here's What to Look for to Keep Your Insurance Prices Down

Wren Insurance Agency

Shopping for a home can be a very exciting time, and while folks are looking for different things in their new residence, something you may want to consider are factors that can significantly increase or decrease your home insurance rates - which then factor into the amount of your monthly mortgage payment (assuming your home purchase is financed through a mortgage lender).

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Travel Insurance for Businesses

Bankers Insurance

TRAVEL INSURANCE FOR BUSINESSES Travel insurance offers a broad range of benefits and services, such as worldwide emergency hotline services, medical evacuation, reimbursement for unexpected cancellation or delay and more. Companies with employees who travel for business may want to consider supplemental coverage from a travel insurance policy. WHY BUY?

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Ships Fleeing the Red Sea Now Face Perilous African Weather

Insurance Journal

Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has already run one vessel aground and seen another lose more than 40 containers overboard.

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Part 2: Permanent Total Disability – Focus in On Job Search

AMAXX

Courts in many jurisdictions focus on the nature and extent of an employee’s job search before finding permanent and totally disabled (PTD). Even if it is not an explicit requirement, it should be a starting point for interested stakeholders seeking to defend PTD claims. When looking at job search issues, there are several factors to consider when handling the claim and crafting your defenses.

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5 Ways Businesses Can Prepare for Hurricane Season

McMahon Insurance Agency

Prepare your business for hurricane season with these essential steps. Safeguard operations, protect assets, and ensure continuity in the face of severe weather.

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Best Insurance Agents Near Me

Agency Height

Find the Top Local Insurance Agents Near You in Texas, Pennsylvania, Georgia, Florida, Michigan, New York, and Other States of USA for 2023

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Abbott Accused at Trial of Hiding Fatal Risk of Infant Formula

Insurance Journal

Abbott Laboratories hid the risks of its premature-infant formula causing a potentially fatal bowel disease from parents even though company officials acknowledged the peril in internal documents, a lawyer told a Missouri jury.

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What Happened to Innovative Insurance Product Development?

Majesco

Buying is changing. If we examine what is happening in retail, we can get a glimpse of what customers will be wanting in insurance. Coming to big box stores or a grocery store near you — pick up your item, scan it, and walk out of the store. Your cart or your phone will keep the tally and make the transaction for you. “Transactionless” transactions could become the norm.

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Cowbell Goes to Congress

Cowbell

The last week in June, Jack Kudale, Co-Founder and CEO of Cowbell and Matthieu Chan Tsin, Vice President of Cybersecurity Services spent two days in Washington DC with members of Congress to discuss the persistent and evolving threat of cyberattacks across various sectors in the U.S. On June 26th, Cowbell hosted an event, Strengthening America’s Roots: Cultivating Resilience from Agriculture Cybersecurity Challenges , with the goal of raising awareness about growing cyber risks to the food and a

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SIAA Insurance vs. Renegade Insurance 2024: Who Offers the Better Perks?

Agency Height

Compare SIAA Insurance with Renegade Insurance based on customer service, experience, claims processing, and overall suitability.

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Insurers Hike Rates as Extreme Storms Like Beryl Proliferate

Insurance Journal

Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response.

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How to Not Suck at Being an Insurance Agent

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. I’ve heard more than once the misconception that selling insurance is easy. If selling insurance was so easy, then why is it that roughly 10 percent of the independent insurance agents generate the vast majority of the sales? Are they better salespeople?

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Heffernan Acquires Costello Insurance Associates in Arizona

Insurance Journal

Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients throughout the U.S.

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Woman Used Photos from Another Person in State Farm Claim, NCDOI Says

Insurance Journal

North Carolina authorities have charged one woman and are on the lookout for another in connection with a scheme to defraud a State Farm insurance company of more than $195,000.

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Hurricane Beryl Triggers Record Payout for Caribbean Insurer

Insurance Journal

Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund.

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No Shops, No Gas: Large Swaths of Houston Are Still in the Dark

Insurance Journal

Days after Hurricane Beryl crashed through the city, Houston is still grappling with the aftershocks. Large swaths of America’s fourth-largest city are still without power, shutting stores and snarling traffic at non-functioning lights.

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Insurers Entitled to Second Injury Fund Payments Even If No Longer Writing in State

Insurance Journal

A workers’ compensation insurer is entitled to continue to receive reimbursements from the Massachusetts second injury fund even after it stops writing business in the state, the state’s high court has ruled in an opinion reversing itself on the issue.

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People Moves: Society Insurance Names Brown to Board of Directors

Insurance Journal

Society Insurance, headquartered in Fond du Lac, Wisconsin, elected Sherman Brown of Chicago as a director at its annual meeting of policyholders. Thomas Gross retired from Society’s board of directors after serving for 27 years.

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Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut

Insurance Journal

In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review.

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Vermont Under Flood Watch on Anniversary of Last Year’s Severe Inundations

Insurance Journal

A flood watch was declared for much of Vermont on Wednesday — the anniversary of last summer’s severe flooding — and also Thursday, with heavy rains in the forecast. As Gov.

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