Sat.Jan 27, 2024 - Fri.Feb 02, 2024

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Why Insurance Thought Leadership Matters More Than Ever

Inbound Insurance Marketing

Throughout history, information overload has been a challenge. However, in 2023, it reached a whole new level. Now, inundated with AI-generated stories and product reviews, your prospects don’t know what to believe. This is a problem for all of us – as the old saying goes, a confused mind never buys.

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Top 5 Insurance Trends Transforming India in 2024

InsuredMine

I have spent the last couple of months meeting leaders from the Insurtech space as well as traditional insurance companies and here are some of my quick learnings about India Insurance trends in 2024. The Indian insurance landscape is undergoing a dynamic shift, fueled by rising awareness, technological advancements, and evolving customer needs. As we stand at the threshold of 2024, let’s delve into the top 5 insurance trends that promise to reshape the industry in the coming year: 1.

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Why are Homeowners Insurance Rates Increasing?

Scott Insurance

Over the past few years, nearly every homeowner in the U.S. has seen an increase in their homeowners insurance premium. According to Money.com , an independent publisher, recent year-over-year premium increases have averaged 20%, and policyholders should expect to see at least a 10-15% increase in 2024. Although individual rates are based on specific factors such as location, credit score, claims history, age of dwelling and deductible, some general trends are leading to higher rates across the

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FTC Announces $2 Million Penalty Against Tractor Maker for False “Made in USA” Product Claims

Hunton Andrews Kurth

On January 26, 2024, the FTC announced that it had entered into an agreement with tractor maker Kubota North America Corporation, settling allegations that Kubota falsely labeled some of its replacement parts as “Made in USA” despite manufacturing those parts entirely overseas. The FTC’s complaint was filed along with a consent order that requires Kubota to pay a $2 million civil penalty, the largest penalty ever assessed for violations of the FTC’s Made in USA Labeling Rule.

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Freehold Block of Flats Insurance: Top Cover Tips

Property Insurance Centre

Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats. That’s why it’s essential to choose a specialised block of flats insurance policy that covers the specific needs of your property.

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What’s your superpower?

InsuredMine

InsuredMine: Unleashing the Sales Superpower for Independent Insurance Agents Forget X-ray vision! When it comes to independent insurance agents, the real superpower lies in harnessing the power of data and automation. And that’s where InsuredMine swoops in, not as a caped crusader, but as a savvy tech partner , equipping agents with a sales CRM and marketing automation platform that turbocharges their sales engine.

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More Employees! New Rule Makes It Harder to Classify Workers as Independent Contractors

Hunton Andrews Kurth

On January 10, 2024, the US Department of Labor (DOL) issued the “Final Rule” that modifies the standard for determining whether a worker is an employee or independent contractor under the Fair Labor Standards Act (FLSA). The Final Rule will take effect on March 11, 2024. Background : Under the FLSA, all covered entities—businesses involved in interstate commerce with a gross volume of sales more than $500,000—must pay all “nonexempt employees” the federal minimum wage and overtime pay for all h

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