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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same. the Good In general, a reduction of work comp rates result in reduced premium costs to contractors. HVAC Installation -14.6

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Medical Health Insurance Broker Can Simplify Your Choices

Smart Insurance Agents

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. What is a medical health insurance broker?

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Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

Fraudulent claims increase insurance premiums, lead to higher experience modification factors, and put additional strain on legitimate claims management. Conduct Regular Claims Reviews : Work closely with your insurance carrier or third-party administrator (TPA) to review open claims and identify inconsistencies.

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Analyzing Average D&O Insurance Premium Trends in 2023 and Beyond

ProWriters

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. After a tumultuous 2021 , the horizon seemed promising as brokers witnessed a stabilization of D&O pricing in 2022.

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How to become an insurance agent? Ultimate guide

Friendly Agent

How do you make money as an insurance agent? The insurance broker is able to earn money from commissions when they start selling insurance products to customers. The commissions come from a percentage coming from the amount of the yearly premium, as well as the policy it is being offered for.

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Understanding the Key Parties in Workers’ Compensation

AMAXX

Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk. TPAs operate independently of the insurance carrier, focusing on streamlined claims handling rather than insurance services.

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Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

” If you don’t have the opportunity to check out the full webinar, read on for key insights from the discussion and actionable advice for insurers, brokers, and policyholders. And when you take into consideration that Direct Premiums Written (DPW) increased by 2.0%