Sat.Feb 01, 2025 - Fri.Feb 07, 2025

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How to Choose the Right Final Expense FMO

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. If youre serious about selling final expense insurance , partnering with the right Final Expense Field Marketing Organization (FMO) is one of the most important decisions youll make. A great FMO provides carrier access, training, marketing support, and business transparency, all of which are crucial for your long-term success.

Agents 130
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LA Neighbors See Much Different Post-Wildfire Rebuilding Options Due to Insurance Crisis

Insurance Journal

Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in nearly identical houses.

Insurer 294
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Is State Farm Financially Struggling? A Deeper Look at Its Corporate Structure and Growing Losses—Should Policyholders Dump State Farm?

Property Insurance Coverage Law

For decades, State Farm has been one of the most recognized and trusted insurance brands in the United States. With its ubiquitous advertising and promises of being “like a good neighbor,” it has long cultivated an image of financial strength and stability. However, an article in Claims Journal,State Farm Seeking Interim 22% Rate Hike for … The post Is State Farm Financially Struggling?

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Does my Landlords Insurance Policy cover terrorism

Prof. Allan Manning

This is the fourth post in a series that looks at the coverage afforded by various types of insurance products. The series was prompted by a large number of requests for clarification following the senseless attacks that are going on predominately in Melbourne and Sydney. These attacks would appear to fall within the definition of terrorism as set out in legislation.

Policy 173
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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Average Final Expense Commission Levels for Independent Agents

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense insurance is one of the most lucrative life insurance markets for independent agents, offering high commission payouts, fast approvals, and steady client demand. If youre considering selling final expense insurance , understanding how commissions work is essential to setting realistic income expectations and growing a successful business.

Agents 130

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Insurance Adjusters and Estimators—Do You Really Understand Construction Specifications? Learn From the Construction Specification Institute

Property Insurance Coverage Law

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. He recently wrote an International Risk Management Institute n/k/a IRMI article, General Requirements versus General Conditions. He stated the following: Both general requirements and general conditions are indirect costs of construction but are essential to the overall execution of a construction project. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

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Oil tanker attacked last year crosses Red Sea

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil tanker attacked last year crosses Red Sea appeared first on Insurance Marine News.

Marine 98
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What is Vector One?

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. For insurance agents, managing chargebacks and financial obligations responsibly is a crucial part of building a successful career. One of the most significant consequences of unpaid debt in the insurance industry is being reported to Vector Onea reporting agency that tracks outstanding producer debt.

Agents 130
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Slower Growth but Surplus Lines Premiums Still Up 12% in 2024

Insurance Journal

The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state stamping offices released by the Wholesale & Specialty Insurance Association (WSIA).

Premium 288
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Is State Farm Financially Struggling? A Deeper Look at Its Corporate Structure and Growing Losses—Should Policyholders Dump State Farm?

Property Insurance Coverage Law

For decades, State Farm has been one of the most recognized and trusted insurance brands in the United States. With its ubiquitous advertising and promises of being “like a good neighbor,” it has long cultivated an image of financial strength and stability. However, an article in Claims Journal,State Farm Seeking Interim 22% Rate Hike for … The post Is State Farm Financially Struggling?

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Russia is inspecting elderly river-sea tankers after two disasters near Kerch Strait

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia is inspecting elderly river-sea tankers after two disasters near Kerch Strait appeared first on Insurance Marine News.

Marine 95
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Final Expense Agent’s Guide to Understanding the Funeral Market

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. For insurance agents selling final expense policies , staying informed about the funeral industry and consumer trends is essential. The more you understand about how people are planning and paying for funerals, the better you can position final expense insurance as a solution for your clients.

Agents 130
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Insurance Groups Pushing Hard for Georgia Tort Reform as State Liability Costs Soar

Insurance Journal

Georgia’s governor has asked state lawmakers for $175 million to cover the growing costs of liability claims against state agencies and employees, as the state’s liability insurance fund has dwindled to a fraction of the outstanding costs.

Liability 279
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Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Property Insurance Coverage Law

Jeff Raizner is one of my favorite colleagues from Texas. He has always welcomed me since I first stepped foot in Texas. We speak deeply about policyholder issues and his heart is always in the right place. We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage 160
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US State Secretary Rubio welcomes Panama decision to leave China’s “Belt And Road” plan

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US State Secretary Rubio welcomes Panama decision to leave Chinas Belt And Road plan appeared first on Insurance Marine News.

Marine 96
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Don’t Mistake This Common Mistake When Selling Final Expense

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. One of the most common mistakes I see in the final expense insurance industry is agents trying to diversify too soon, before they have developed real competence in final expense sales. This is one of the quickest ways to stall your progress and ultimately fail.

Agents 130
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City of London Hit Harder Than Rest of Economy Since Brexit Vote

Insurance Journal

The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the rest of the economy in the years following the Brexit referendum. Financial and insurance output has grown just 2.

Insurer 278
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Insurance Adjusters and Estimators—Do You Really Understand Construction Specifications? Learn From the Construction Specification Institute

Property Insurance Coverage Law

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. He recently wrote an International Risk Management Institute n/k/a IRMI article, General Requirements versus General Conditions. He stated the following: Both general requirements and general conditions are indirect costs of construction but are essential to the overall execution of a construction project. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

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Denmark targets shadow tankers in new port state inspection programme

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Denmark targets shadow tankers in new port state inspection programme appeared first on Insurance Marine News.

Marine 89
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Startup Costs For a Final Expense Agency

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense sales is a business, and like any business, it requires proper planning, budgeting, and execution. If you dont treat it seriously, you will struggleand someone will be there to say, I told you so. One of the biggest factors in your success is lead investment.

Agents 130
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Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses

Insurance Journal

Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished 2024 with net income of $4.6 billion compared to a loss of $316 million the prior year.

Insurer 279
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Keeping Up with New Appraisal Procedures and Law? Don’t Miss the IAUA Conference February 19-20

Property Insurance Coverage Law

Appraisal policy language is changing, and more case law is being developed at a faster rate than ever.These issues and lessons will be analyzed with the Insurance Appraisal and Umpire Association (IAUA), which will be hosting an educational and certification conference on February 19-20 at the StreamSong Golf Resort.I will be debating insurance defense attorney … The post Keeping Up with New Appraisal Procedures and Law?

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Maersk commences $2bn share buyback program

Splash: Finance and Insurance

Cash-rich Maersk revealed yesterday it has started a 12-month share buyback program of up to DKK14.4bn ($2.01bn). The purpose of the program is to adjust the capital structure of the company ultimately through the cancellation of shares repurchased, Maersk stated in a release.

Insurer 87
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Final Expense Target Market

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense insurance serves a large and diverse market, primarily made up of individuals who want to ensure their loved ones are not burdened with funeral costs and other end-of-life expenses. Many people simply cannot afford a pre-paid funeral, do not want a funeral home controlling their trust, or are looking to protect their life savings.

Agents 130
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USAA Becomes 3rd Insurer to Report $1B-Plus in Claims So Far for LA Wildfires

Insurance Journal

USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report $1 billion or more in payouts for the destructive blazes that burned thousands of properties.

Claim 270
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Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage

Property Insurance Coverage Law

Some people accuse me of collecting boats the way others collect coffee mugsexcept instead of cluttering up my kitchen cabinets, theyre taking up space in marinas, driveways, and any patch of water I can find. With six sailboats and a motorboat, I consider myself an enthusiast, though my insurance agent probably sees me as a … The post Boatowners Beware!

Policy 163
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Vessel remains stuck in Vigo after containers shifted in bad weather

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Vessel remains stuck in Vigo after containers shifted in bad weather appeared first on Insurance Marine News.

Marine 85
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9 Characteristics of Transitional Duty Assignments in Workers’ Comp

AMAXX

A structured Return-to-Work (RTW) program is one of the most effective ways to reduce workers’ compensation costs and improve employee recovery outcomes. Transitional duty assignments , a core component of RTW programs, allow injured employees to remain engaged in meaningful work while they recover. These assignments help businesses manage claims costs, reduce lost workdays, and maintain workforce productivity.

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State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires

Insurance Journal

State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners.

Insurer 275
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From Exclusions to Coverage: Court Says No to Insurer’s Overly Broad Use of Exclusions

Property Insurance Coverage Law

In a recent case from the Wisconsin Court of Appeals, Cincinnati Insurance Company v. Ropicky, 1 the court held that insurers may not deny legitimate claims based on policy exclusions that the insurer has broadly applied. The court emphasized that when policy language includes exceptions that restore coverage, insurers may not broadly deny coverage and … The post From Exclusions to Coverage: Court Says No to Insurer’s Overly Broad Use of Exclusions appeared first on Property Insuranc

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Protectionism and geopolitical tensions are major IUMI concerns

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Protectionism and geopolitical tensions are major IUMI concerns appeared first on Insurance Marine News.

Marine 82
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White Paper Marketing: Everything You Need to Know

Inbound Insurance Marketing

Your business to business (B2B) content marketing strategy should include white papers. White paper marketing can be a powerful lead-generation tool, and a smart way to showcase your companys thought leadership building authority and trust to help move your prospects through the sales funnel.

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Hub Acquires Indiana’s The Rocchio Agency

Insurance Journal

Hub announced that it has acquired the assets of John L. Kiley Agency, Inc. dba DAR The Rocchio Agency (The Rocchio Agency). Terms of the transaction were not disclosed.

Insurer 261