Sat.Jul 13, 2024 - Fri.Jul 19, 2024

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Vineyard Wind Incident Is Not First Time a GE Vernova Wind Turbine Came Apart

Insurance Journal

An incident at the Vineyard Wind offshore wind energy project this week that scattered shards of fiberglass across Massachusetts beaches was the latest in a series of failures involving wind turbines built by GE Vernova.

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Creating a Strong Personal Brand as an Insurance Agent

Final Expense Brokerage

Jul 3, 2024 5:23:42 AM Contact Us Share: Learn how to leverage your own brand to boost revenue in your insurance business. In today's competitive insurance industry, developing a strong personal brand is essential for standing out and building a loyal client base. A well-crafted personal brand not only sets you apart from other agents but also builds trust and credibility with your clients.

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Overcoming the Overwhelm: Tips for Insurance Agent Burnout | Solstice

Solstice Insurance Broker

Are you feeling overwhelmed and exhausted at work? You need to know that insurance agent burnout is, unfortunately, common. 39 percent of people in the insurance industry have reported burnout. The national average is 35 percent. However, burnout doesn't have to be part of your every day.

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A Review of Choice Mutual’s Final Expense Insurance App  

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. When it comes to buying insurance of any type, there are a myriad of choices and variables you must wade through to find the policy that works best for you. That’s no different when it comes to final expense insurance, with dozens of options major insurers offer.

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Wall Street Pushes Back After Activists Escalate Protests

Insurance Journal

Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what they characterize as a fundamentally flawed debate.

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How Much Does Restaurant Insurance Cost? Factors That Affect Your Rate

Central Insurance

Understand the factors influencing restaurant insurance costs, how to select the appropriate coverage types and cost-saving strategies, and what to look for in an insurance provider. The post How Much Does Restaurant Insurance Cost? Factors That Affect Your Rate appeared first on Central Insurance Blog.

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ACA 411: Selling Medical Insurance on the Federal Exchange | Solstice

Solstice Insurance Broker

So, you want to stay in the game and sell on the Federal Facilitated Marketplace (FFM)? Open Enrollment runs from November 1st to January 15th. Before you start selling, it is important to know that you must get certified through an online training portal provided by the government.

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Insurers Tied to Apollo, KKR Buy Mortgages Outright in New Twist

Insurance Journal

Yield-hungry insurance firms are adopting an unconventional strategy: they’re skipping mortgage-backed bonds and buying the underlying whole loans outright. It’s a trend that’s picked up pace over the last few years.

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What Does Plumbers Insurance Cover?

Central Insurance

Plumbing claims can be costly and complicated. It's essential to choose an insurance partner who understands the industry. Explore the key types of plumbers insurance coverage Central offers to protect your business. The post What Does Plumbers Insurance Cover? appeared first on Central Insurance Blog.

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Providing Clarity Regarding the Regulation of Respirators Used in Health Care Settings

CDC: Workers Compensation

A Discussion Paper, Streamlining Regulatory Oversight of Respirators Used in Health Care Settings will Improve Worker Protection, was recently published in the National Academy of Medicine’s NAM Perspectives journal by respiratory experts outside of the federal government. This paper highlights continued confusion amongst interested parties including health care organizations and manufacturers seeking approval regarding federal regulations and guidance on the use of air-purifying respirators (AP

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From Risk to Retention: Transforming Insurance with Predictive Churn Analytics

InsuredMine

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. However, the landscape has shifted dramatically. Today, agencies face an equally critical challenge: customer retention. With customers having numerous options and the ability to switch providers easily, the stakes are higher than ever. This shift in focus is driven by the realization that acquiring a new customer can be significantly more expensive than retaining an existing one.

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California Needs a Million EV Charging Stations — But That’s ‘Unlikely’ and ‘Unrealistic’

Insurance Journal

California will have to build public charging stations at an unprecedented — and some experts say unrealistic — pace to meet the needs of the 7 million electric cars expected on its roads in less than seven years.

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UNDERSTANDING PROPERTY CASUALTY INSURANCE IN NJ

Boyle Agency Insurance

What Is Property Casualty Insurance? Property Casualty Insurance is insurance that combines protection for property owned by you, such as a house, or personal possessions, and liability insurance for if you ever cause an accident that injures another person or damages another person’s property. There are a much greater potential set of details for these coverages, depending on individual need, but this is a general description for Property Casualty Insurance.

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The Ozempic Era: What Are Weight Loss Medications? Could They Be Right For You?

Scott Insurance

Are you trying to lose weight but can’t seem to shed the pounds? You are not alone. This is a common frustration for millions of people who are trying to diet and exercise. In fact, one 2022 study estimated that 52% of the world’s adults are trying to lose weight. This struggle often leads people to explore additional options, including weight loss medications like Ozempic or Wegovy.

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Appellate Division Affirms Dismissal of Insured’s Claim Against Its Carrier for Coverage of Intentional Harm Lawsuit Alleging Bodily Injury

New Jersey Workers' Comp

Intentional harm lawsuits can be harrowing for employers to defend because the allegations are generally not covered under the workers’ compensation policy. This was the situation posed in Tejada v. 74 Industries , A-2643-021 (App. Div. July 12, 2024). As the readers know, there are two parts to a workers’ compensation policy. One part is the elective provisions that apply to all claim petitions filed in the Division of Workers’ Compensation.

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Hurricane Beryl Caused Estimated $2-3B in Insured Losses to U.S. Property: Verisk

Insurance Journal

Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said.

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Best Practices for Digital Claims Management for Agents and Brokers

American Agents Alliance

Every part of the insurance lifecycle is changing in the digital age, including the handling of claims. Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Data shows about 6% of homeowners filed a claim under their homeowners insurance policies during the five years ranging from 2018 to 2022.

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9 things to have handy when you lose power.

Frankenmuth Insurance

You never know when you’ll lose power. But when you do, do you know where your emergency supplies are? Are you fully stocked with first aid and food? Would you be able to access the things you need to be safe in the dark? Our experts collected nine essential items you need to have on hand — that are handy — for any upcoming power outages. When you lose power , stay prepared with: Flashlights.

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What Community Association Directors Should Know About Working With Citizens

Wren Insurance Agency

While Citizens has become a popular choice among residential homeowners in recent years - due primarily to skyrocketing private carrier costs and non-renewals from companies leaving Florida - residential HOAs and Boards of Directors are just starting to see a sharp incline in Citizens policies. As you may already know, Citizens is the government-backed insurer created to be a "last resort" for properties that either can't get insured through the private market or aren't able to find an affordabl

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Study Urges Rethinking of Disaster Management in Era of Compounding Events

Insurance Journal

A new report warns that compounding natural disasters introduce new, interconnected, and complex risk scenarios — and points to a need to reimagine efforts that support disaster preparedness, mitigation, and recovery “in an era of intensifying extreme weather-climate events and …

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5 Tips to Maximize Your Agency's Customer Retention Through Exceptional Service | EverQuote

EverQuote

For insurance agents, retaining a current customer is less costly and less time-consuming than winning over a new client. But many agents struggle with customer retention, lacking a systematic strategy to retain customers they're already acquired. In this article from Agent's Alliance , the author discusses why it's so important for insurance agents to focus on retention.

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Agency Revolution Receives SOC 2 Type 1 Certification, Enhancing Security for Its Customers

Agency Revolution

SAN DIEGO, CALIF., July 16, 2024 – Agency Revolution, the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce it has received its Service Organization Controls (SOC) 2 Type 1 certification, taking a major step forward in its cybersecurity. SOC2 certification validates a company’s cybersecurity controls at a specific point in time, with the critical purpose of: Confirming the adequacy of policies, procedures, and contro

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Optimize Your Insurance Company’s Online Presence: SEO Best Practices

Neilson Marketing Services

With market shifts, changing technologies, and increased consumer expectations, what does SEO for insurance companies look like today? To ensure your agency appears prominently in search results, you need a solid SEO strategy that lets you achieve visibility and click-throughs. To help you hone your SEO for insurance company success and get in front of your customer base, we’ve created this guide to the latest trends and best practices in SEO tailored for insurance companies.

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Disaster-Struck Cities Fight for Aid as FEMA Funding Runs Low

Insurance Journal

A once in 200-years storm dumped 11 inches of rain over four hours on the central Massachusetts town of Leominster in September, washing away culverts, creating a sinkhole that swallowed cars at a dealership and flooding the city council chambers …

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Insurance Email Marketing for Professionals: A Guide

Constant Contact

Insurance agents and companies are always looking for new ways to attract new business and keep their existing customers. Email marketing is the right tool for the job. Insurance email marketing helps agents increase customer retention, boost lead generation and conversions, and streamline communication strategies. It’s surprisingly easy to get started once you know the basics.

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Agency Revolution Receives SOC 2 Type 1 Certification, Enhancing Security for Its Customers

Agency Revolution

SAN DIEGO, CALIF., July 16, 2024 – Agency Revolution, the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce it has received its Service Organization Controls (SOC) 2 Type 1 certification, taking a major step forward in its cybersecurity. SOC2 certification validates a company’s cybersecurity controls at a specific point in time, with the critical purpose of: Confirming the adequacy of policies, procedures, and contro

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TurboRater for Websites Info Sheet

Zywave

TurboRater for Websites is re-imagining the insurance shopping experience with a fully embedded quoting tool that is branded to fit right on your website. Consumers can compare their existing policies against 200+ carriers with a mobile-first, fully responsive, and customizable platform and even bind coverage instantly online.

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Global Cyber Outage Grounds Flights, Hits Banks, Telecoms, Media

Insurance Journal

A software update wreaked havoc on computer systems globally on Friday, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare.

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Triple-I Brief Discusses Homeowners Insurance Market Challenges

Triple-I: Homeowners Insurance

By Max Dorfman, Research Writer, Triple-I Homeowners insurance costs have continued to consistently rise in the wake of the pandemic, alongside several other challenges, according to a new Triple-I Issues Brief. The COVID-19 pandemic and Russian invasion of Ukraine sparked inflation – particularly with regard to replacement costs due to material shortages.

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Avoid 2 Common Pitfalls That Delay Care in Workers’ Compensation Claims

AMAXX

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Unfortunately, a common procedural mistake can leave employees in a painful and detrimental limbo: the delay of care due to technicalities in insurance coverage. This issue often arises when the compensability of a workers’ compensation claim is questioned, leading to neither workers’ compensation insurance nor general health insurance c

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6 Types of Insurance Every American Family Should Consider

Insurance Agent Near Me

Discover the 6 essential insurance options your American family needs in our blog '6 Types of Insurance Every American Family Should Consider'. The post 6 Types of Insurance Every American Family Should Consider appeared first on Insurance Agent Near Me.

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Progressive Q2 Net Income Skyrockets Over 320%

Insurance Journal

Progressive Corp. today reported second quarter 2024 results of about $1.5 billion and a combined ratio of 91.9. Results for the Mayfield Village, Ohio-based insurer are in comparison to second quarter 2023 net income of $345.

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Featured Content – Sales Cloud Personal Lines

Zywave

Sales Cloud Personal Lines includes access to more than 70 items of marketing content. These can be found under the Prospecting tab of the Zywave user console.

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The Digital Advantage: How Insurance Agents Can Establish a Strong Online Presence 

Agency Height

A well-established digital presence can offer numerous benefits. Learn how to develop strong digital presence for insurance agents in 2024.

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Steps to Take Immediately After a Car Accident

Paragon Independent Insurance Agencies

If you are involved in a car accident, there are several steps you should take afterward. The correct response could save lives and prevent further issues. We’ve outlined a response process below. If you’re looking for auto insurance and an agency that provides services in Plano, TX, contact Paragon Independent Insurance Agency. What Comes After an Accident Firstly, if you have been in a car accident, thoroughly check yourself for any serious injuries.

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Report: Impact of BEC Attacks on US Companies Misunderstood

Insurance Journal

A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it shows that multifactor authentication and cybersecurity awareness programs may be the top two risk management controls to prevent BEC attacks.

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Cowbell and Palomar Renew Treaty Agreement

Cowbell

Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced the successful completion of its reinsurance renewal with Palomar Holdings, Inc. (NASDAQ: PLMR) effective July 1st. This is the fourth renewal agreement between the two companies. Writing on both PLMR insurance entities (Palomar Specialty Insurance Company and Palomar Excess and Surplus Insurance Company) the new treaty renewed July 1 st and covers a large portion of Cowbell’s US cyber p

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