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Pro Tips for getting insurance Carrier Appointment for a new agency

Friendly Agent

Now, you want to start selling insurance? Before you do, you need to get an insurance carrier appointment. What is an insurance carrier appointment? Insurance carrier appointment means an insurance company is giving you the authorization to sell their insurance product.

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Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Finds

Insurance Journal

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 …

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NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants

Insurance Journal

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

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Did You Know You Can Change Your Insurance Carrier at ANY Time?

Wren Insurance Agency

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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Why Insurance Companies Won't Write Policies Before Named Storms

Wren Insurance Agency

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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Decision: Insurer Prevails on Motion in Limine to Exclude RCV Evidence at Trial

The Property Insurance Law Observer

Clear Blue Specialty Insurance Company , No. District Court for the Middle District of Florida granted the insurers motion in limine and excluded evidence and testimony regarding replacement cost value of damages, matching, and to limit damages to direct physical loss. In the recent decision Marquez v. LEXIS 219390 (M.D.

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How to Find the Best IMO for Your Insurance Agency

Redbird Agents

From understanding various acronyms and abbreviations like IMO, FMO, and MGA, to managing relationships with insurance carriers, there is a lot to consider. One critical decision is selecting the right Insurance Marketing Organization (IMO) or Field Marketing Organization (FMO) to partner with. Yes, I need an IMO!