Insurance Journal

OCTOBER 31, 2024

Landmark is a Texas-based company that provides third-party administrative solutions for life insurance carriers, Approximately 800,000 users’ data were exposed in … Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May.

Insurance Carrier 289

Insurance Carrier Life Insurance Insurer Insurance 289

Insurance Journal

OCTOBER 31, 2024

Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. 11th Circuit Court of Appeals …

Insurance Carrier 264

Insurance Carrier Insurance Insured Insurer 264

Wren Insurance Agency

AUGUST 7, 2024

When it comes to home and auto insurance - with very few exceptions - did you know that you can change your insurance carrier at any time? Citizens - the State-backed home insurer is one of the only exceptions to this. Your credits for these improvements will vary from carrier to carrier.

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Insurance Carrier Policy Home Insurance Insurer 52

Wren Insurance Agency

NOVEMBER 13, 2024

As you know, Florida is a unique state when it comes to insurance. Depending on your circumstances, traditional home, auto or business-related insurances may not be enough to cover your distinctive needs. This is where "surplus lines" insurance comes in.

Insurance Carrier 84

Insurance Carrier Liability Insurance Insurer Insurance 84

Insurance Journal

OCTOBER 8, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 290

Insurance Carrier Insurance Broker Broker Insurer 290

Insurance Journal

OCTOBER 16, 2024

After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the coffin …

Insurance Carrier 264

Insurance Carrier Insurer Insurance Insured 264

Insurance Journal

OCTOBER 20, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 240

Insurance Carrier Insurance Broker Broker Insurer 240

Insurance Journal

SEPTEMBER 4, 2024

Florida authorities have charged a Miami-area nurse practitioner and two others with creating false medical reports and attempting to defraud an auto insurance carrier out of more than $47,000. Local news reports said that investigators with the state Department of …

Auto Insurance 264

Auto Insurance Injury Insurance Carrier Claim 264

Insurance Journal

NOVEMBER 17, 2024

Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided. 11th Circuit Court of Appeals on Wednesday …

Insurance Carrier 130

Insurance Carrier Insurance Insured Insurer 130

Insurance Journal

SEPTEMBER 10, 2024

In the fast-paced world of insurance, efficiency and accuracy are paramount. Insurance carriers, MGAs, and wholesalers are increasingly turning to Business Process Outsourcing (BPO) to streamline their operations. This post is part of a series sponsored by Selectsys. In this …

Insurance Carrier 244

Insurance Carrier Insurance Insured Insurer 244

Insurance Journal

AUGUST 9, 2024

reports it is buying First Indemnity of America Insurance Co. FIA), a Morris Plains, New Jersey domiciled insurance carrier specializing in surety bonds for small to medium sized contractors primarily in the Northeast states. La Jolla, California-based Palomar Holdings, Inc.

Insurance Carrier 261

Insurance Carrier Insurer Insurance Insured 261

Insurance Journal

AUGUST 2, 2024

According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s admitted insurance carrier. Orion180 has announced its expansion into the Buckeye State. Orion180 also operates in Alabama, Arizona, …

Insurance Carrier 263

Insurance Carrier Insurance Insurer Insured 263

Insurance Journal

AUGUST 12, 2024

Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. This post is part of a series sponsored by TSIB. If they are going …

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Risk Underwriting Underwriter Insurance Carrier 246

Insurance Journal

JULY 17, 2024

Georgia employers and their workers’ compensation insurers can rest a little easier after an appeals court this week narrowed the circumstances in which a state guaranty association can seek reimbursement on claims paid after staffing firms’ insurance carriers become insolvent.

Insurance Carrier 263

Insurance Carrier Compensation Claim Insurer 263

Insurance Journal

OCTOBER 15, 2024

Historically, compliance has been seen as a necessary evil for insurance carriers. This post is part of a series sponsored by AgentSync. The dynamic often pits compliance or operations teams against sales, it causes silos, and it sows division in …

Insurance Carrier 130

Insurance Carrier Insurer Insurance Insured 130

Property Insurance Coverage Law

SEPTEMBER 10, 2024

Losses from recent wildfires in California have led many insurance carriers to scale back, and some have completely ceased writing insurance in several California regions. For homeowners who have found themselves unable to find another company that will insure their property, the California FAIR Plan remains the only option.

Insurance Carrier 178

Insurance Carrier Property Insurance Insurer Insurance 178

Insurance Journal

SEPTEMBER 4, 2024

In the fast-paced world of insurance, efficiency and accuracy are paramount. Insurance carriers, MGAs, and wholesalers are increasingly turning to Business Process Outsourcing (BPO) to streamline their operations. This post is part of a series sponsored by Selectsys. In this …

Insurance Carrier 130

Insurance Carrier Insurance Insured Insurer 130

Insurance Journal

AUGUST 18, 2024

New high net worth (HNW) insurance carriers were entering the market. The year was 2016. Established underwriting operations had become a consistent source of profits for investors and parent companies. Aging brokerage owners with sizable private client books of business …

Insurance Carrier 130

Insurance Carrier Underwriting Underwriter Insurer 130

Scott Insurance

OCTOBER 28, 2020

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. To better serve all parties, we recommend using the 10 points highlighted in this report to initiate a conversation between insurance carriers and affordable housing operators.

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Crime Insurance Carrier Risk General Liability 52

Redbird Agents

AUGUST 28, 2023

Navigating the insurance landscape can be challenging for insurance agency owners. From understanding various acronyms and abbreviations like IMO, FMO, and MGA, to managing relationships with insurance carriers, there is a lot to consider. Frequently Asked Questions What is an IMO in insurance? Yes, I need an IMO!

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Insurance Agency Insurance Carrier Insurance Agent Insurance Agents 130

Wren Insurance Agency

OCTOBER 23, 2024

Even if the storm doesn't directly impact your home or city, overall state damage may cause the carrier you use to pay out a large number of claims that year, which may result in all of their policy premiums increasing at renewal. That annual cap is 14% for 2024 and 15% for 2025.

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Policy Insurance Companies Premium Insurance Carrier 84

Smart Insurance Agents

SEPTEMBER 2, 2024

Best Health Insurance Plans in Illinois: There are many different insurance carriers in Illinois that offer On and Off exchange health insurance plans. On Exchange plans are offered via Healthcare.gov , while Off-Exchange plans can be purchased directly from the insurance company. Get Health Insurance Quotes 2.

Insurance Carrier 98

Insurance Carrier Insurance Agent Insurance Agents Insurer 98

North American Software Associates

MAY 7, 2024

Adobe Insurance Brokers is an independent insurance agency located in Morgan Hill, California. Known for being one of the state’s most trusted insurance carriers, Adobe specializes in finding affordable and reliable coverage for their customers, and the reviews speak for themselves.

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Insurance Broker Broker Insurance Carrier Insurance Agency 52

TGS

SEPTEMBER 22, 2023

There are a number of reasons why an insurance carrier can decide not to offer you a home insurance policy renewal. Homeowners insurance non renewal can happen to anyone. 3 Steps to Get Homeowners Insurance After Non Renewal 1. If you pass a follow-up home inspection, your carrier may insure you again.

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Insurance Carrier Home Insurance Insurance Quotes Insurer 52

Bankers Insurance

SEPTEMBER 12, 2023

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? Depending on the success of your insurance carrier’s efforts in the subrogation process, and the resulting reimbursement amount, the insured may be entitled to receive funds held back from their insurance carrier.

Insurance Carrier 52

Insurance Carrier Compensation Deductible General Liability 52

Agency Intelligence

SEPTEMBER 23, 2022

Let’s quickly review the basics: Direct bill means the insurance carrier bills the policyholder […] Or are you simply looking for ways to bind policies, get paid, and/or move funds across the industry faster? A key consideration is how your policies are billed.

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Insurance Carrier Policyholder Policy Insurer 52

The Property Insurance Law Observer

MAY 21, 2024

Insurance carriers should continue to ensure there is a factually developed record and work to incorporate clear and concise policy language to avoid ambiguities and unintended coverages for losses.

Policy 130

Policy Damage Insurance Carrier Insurance Companies 130

LexisNexis

NOVEMBER 5, 2024

INSURANCE JOURNAL ) FL Insurers Not Liable for Bank Error The U.S. 11 th Circuit Court of Appeals ruled that insurance carriers can’t be held responsible when banks improperly cash checks made out to two insureds and give the proceeds to just one of them.

Premium 40

Premium Auto Insurance Insurance Carrier Policyholder 40

TGS

SEPTEMBER 6, 2023

Let’s take a look at some of the most common ways that home renovations will impact your insurance policy. Unreported Renovations Can Cause a Lapse in Coverage For significant home renovations, your insurance carrier may require you to notify them about the project up to 30 days before construction starts.

Insurance Policy 52

Insurance Policy Policy Home Insurance Personal Property 52

Wren Insurance Agency

AUGUST 20, 2024

Today nearly a dozen different car insurance carriers offer a "safe driving" program for customers that elect to participate. These optional programs typically include either a plug-in telematics device that you temporarily install in your car, or a mobile phone app that you download.

Auto Insurance 88

Auto Insurance Premium Insurer Insurance 88

Wren Insurance Agency

AUGUST 28, 2024

In this same scenario, if you had Actual Cash Value (ACV), that couch in its current condition may only be worth $100, which is all you would receive from your insurance carrier. Having Replacement Cost Value (RCV) on your contents would cover that replacement at the full value it would cost to replace it with a new, comparable couch.

Home Insurance 81

Home Insurance Theft Insurer Insurance 81

ProWriters

SEPTEMBER 23, 2024

EPL Insurance carriers often have teams of experienced professionals who specialize in employment practices. Now, however, thanks to ProWriters’ Digital IQ Platform, registered brokers can generate multiple EPLI quotes from leading insurance companies in mere minutes.

Out-Of-Pocket 52

Out-Of-Pocket Liability Insurance Carrier Broker 52

Boyle Agency Insurance

JULY 29, 2024

Chubb Masterpiece Homeowners Insurance Bogle Agency Insurance offers top Homeowners Insurance protection with Chubb Masterpiece Homeowners Insurance to NJ homeowners.

Insurance 52

Insurance Insured Insurer Insurance Carrier 52

Boyle Agency Insurance

JUNE 30, 2024

Top Insurance Carrier – Best Coverage Bogle Agency Insurance offers Chubb Masterpiece Recreational Marine Insurance to NJ clients who own boats. We provide this outstanding insurance because we feel it is the best coverage for NJ boat owners.

Insurance 52

Insurance Insured Insurer Damage 52

Scott Insurance

JANUARY 31, 2024

Our Personal Insurance team is passionate about protecting your property while providing world-class service. We proudly partner with the world’s leading insurance carriers and will ensure you receive the right coverage at the best rate. The post Why are Homeowners Insurance Rates Increasing?

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Premium Deductible Insured Insurance 52

TGS

OCTOBER 3, 2023

TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.

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Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

R&R Insurance

SEPTEMBER 12, 2024

Footnote: The Affordable Care Act (ACA) includes a provision known as the Medical Loss Ratio (MLR) which requires insurance companies to review their overall plan performance by market segments (small group and large group) to determine if they must return a portion of the premiums collected.

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Premium Insurance Carrier Policyholder Broker 59