Insurance Journal

DECEMBER 1, 2024

By William Rabb Insurance carriers may want to examine policy language — and what information they request from insureds — after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that …

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Insurance Carrier Claim Policy Insured 240

Friendly Agent

SEPTEMBER 11, 2020

So you have taken your insurance exam and got a license to sell insurance. Now, you want to start selling insurance? Before you do, you need to get an insurance carrier appointment. What is an insurance carrier appointment? How to get a direct insurance carrier appointment as a new agent?

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The Property Insurance Law Observer

JANUARY 23, 2025

Background: Plaintiffs, Luz Marquez and Gilberto Santiago (Plaintiffs), sued Clear Blue Specialty Insurance Company (Clear Blue) for denial of coverage under their homeowners policy (the Policy) for damage to their home allegedly caused by Hurricane Ian.

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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 …

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Insurance Carrier Insured Insurance Insurer 264

Insurance Journal

DECEMBER 15, 2024

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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Insurance Carrier Claim Business Interruption Insured 246

Insurance Journal

JANUARY 9, 2025

If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday. In a case that involved a Florida …

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Claim Insurance Carrier Premium Workers Compensation 246

Redbird Agents

FEBRUARY 3, 2025

A Final Expense FMO is essentially a wholesaler in the insurance industry. They act as intermediaries between insurance carriers and independent agents, helping agents get contracted with top final expense insurance companies like Mutual of Omaha, Royal Neighbors, Transamerica, and others. What Is a Final Expense FMO?

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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. Citizens - the State-backed home insurer is one of the only exceptions to this.

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Insurance Carrier Policy Insured Insurance 79

Redbird Agents

FEBRUARY 4, 2025

How Vector One Affects Insurance Agents Getting reported to Vector One can have serious consequences for an agent’s career. If youre listed, many carriers will decline your contract application. Advanced commissions allow you to receive six to nine months of commissions upfront when a policy is sold.

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Insurance Journal

FEBRUARY 5, 2025

This post is part of a series sponsored by Darkhorse Insurance. An independent insurance agent represents multiple insurance carriers, offering a diverse array of policies to meet the distinct needs of their clients. The freedom to choose from various carriers …

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Wren Insurance Agency

OCTOBER 23, 2024

Now that we are in the thick of the official hurricane season here in Florida, you may have noticed - if you recently tried to bind a new home insurance policy - that most carriers will stop writing up to a week or two prior to a named storm possibly impacting the state. That annual cap is 14% for 2024 and 15% for 2025.

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Policy Insurance Companies Premium Damage 74

R&R Insurance

FEBRUARY 20, 2025

This rate reduction will affect work comp policies with renewal dates between 10/01/24 to 09/30/25. 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. What can Contractors do?

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Workers Compensation Insurance Carrier Premium Compensation 52

Final Expense Brokerage

JANUARY 29, 2025

Key products to consider include: Whole Life Insurance : A staple for final expense agents, it provides lifelong coverage at affordable premiums. Term Life Insurance : While less common for final expenses, some clients may prefer a term policy for its lower initial costs.

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Insurance Agents Insurance Agent Agents Building 130

The Property Insurance Law Observer

MAY 21, 2024

The New York Supreme Court recently weighed in on what constitutes “reasonable care” to maintain heat in the context of a first-party insurance policy exclusion requiring such reasonable care. The house was insured under a homeowners policy issued by Leatherstocking Cooperative Insurance Company.

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Policy Damage Insurance Carrier Insurance Companies 130

Wren Insurance Agency

NOVEMBER 13, 2024

These "non-admitted" companies provide tailored solutions for unusual or high-risk needs, such as: For Individuals/Families: Golf carts/unique recreational Vehicles A desire for higher limits than admitted insurers are willing to provide Historical homes or homes with unique architecture For Companies/Associations: Large properties or complexes Garage (..)

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Insurance Carrier Insured Insurance Insurer 75

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. What are the Benefits of Partnering With an MGA?

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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. The post How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry appeared first on Scott Insurance.

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TGS

SEPTEMBER 6, 2023

TGS Insurance » Blog Do You Need to Tell Your Homeowners Insurance About Home Renovations? When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent.

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Redbird Agents

SEPTEMBER 13, 2024

Standardize Procedures: Document every process within your agency, from client onboarding to policy renewals. A CRM helps track client interactions and policy renewals, ensuring smoother operations. This includes any contracts with agents, partners, or referral sources, as well as insurance carrier agreements.

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Broker-Agent Broker Agents License 240

Redbird Agents

JULY 18, 2024

When it comes to buying insurance of any type, there are a myriad of choices and variables you must wade through to find the policy that works best for you. That’s no different when it comes to final expense insurance, with dozens of options major insurers offer.

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Insured Insurance Insurer Policy 130

TGS

SEPTEMBER 14, 2023

Additional Interest Explained Additional insured and additional interest are two very different roles that a person can play as a part of your insurance policy. In short, an additional insured is covered by your insurance, while an additional interest is not. What Is An Additional Insured?

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Policy Auto Insurance Home Insurance Insurance Policy 52

American Agents Alliance

APRIL 3, 2025

Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. Education is often the first step.

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Agents Policyholder Premium Auto Insurance 52

Boyle Agency Insurance

FEBRUARY 20, 2025

Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.

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ProWriters

SEPTEMBER 23, 2024

EPL policies are important to have in place,” explains Heckman, “especially for smaller businesses. Without EPL Insurance, these expenses can be detrimental to a business’s financial stability. If you have a well-rounded EPL policy,” adds Heckman, “you should have some supplemental coverages included.

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Out-Of-Pocket Liability Insurance Carrier Policy 92

PSM Brokerage

JANUARY 2, 2025

How Commissions Are Structured Per Member Per Month (PMPM): Agents earn a flat rate for each member enrolled, paid monthly as long as the policy remains active. Carrier Policies: Each insurance carrier sets its own rates, which vary by plan type and region. This is the most common structure.

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Agents Insurance Carrier Policy Premium 111

Friendly Agent

SEPTEMBER 21, 2020

Deciding which product to sell On your way to becoming the full-fledged insurance agent, among the things you will have to do is to decide which products you will sell. You may find various types of personal insurance and commercial insurance policies. There are Property and Casualty, Life/health insurance, and more.

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Insurance Agents Insurance Agent Agents Broker-Agent 130

AMAXX

MARCH 18, 2025

Claims Reporting Policy : Require employees to report injuries within a specific timeframe (e.g., Conduct Regular Claims Reviews : Work closely with your insurance carrier or third-party administrator (TPA) to review open claims and identify inconsistencies. Transparency is key, and that starts with communication.

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Workers Compensation Compensation Claim Workers Comp 71

TGS

SEPTEMBER 22, 2023

Receiving the news that you can’t just automatically renew your home insurance policy can be shocking and stressful. Unlike a policy cancellation, which can happen at any time, a non renewal can only occur at the end of your contract each year, when your policy is up for renewal. Shop for a new policy with other carriers.

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Insurance Carrier Home Insurance Insured Insurance 52

AMAXX

JULY 15, 2024

As a result, the workers’ compensation insurance carrier decides not to pay for the treatment until they determine the claim’s compensability. Simultaneously, because the injury was reported as work-related, John’s group health insurance also refuses to cover the treatment.

Workers Compensation 83

Workers Compensation Compensation Claim Workers Comp 83

Zywave

FEBRUARY 7, 2025

Stand-alone rating engines are used for a variety of reasonsbut primarily to externalize the rates, rules, and logic associated with rating from the policy administration system (PAS) to create speed-to-market.

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Agency Intelligence

SEPTEMBER 23, 2022

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. Let’s quickly review the basics: Direct bill means the insurance carrier bills the policyholder […] Are you a brokerage expanding into new lines?

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Insurance Carrier Policyholder Policy Insured 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 discounts are then applied to your premium at renewal and used as an incentive to keep you with that carrier.

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Premium Auto Insurance Insured Insurance 84

Wren Insurance Agency

AUGUST 28, 2024

At Wren, because we are protection minded, we always quote our home insurance policies using Replacement Cost Value (also known as RCV) on contents, versus Actual Cash Value (ACV). RCV is equal to the amount it would take to replace your contents at today's prices. As you can imagine, most items in your home lose value over time.

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Home Insurance Insured Insurance Insurer 72

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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Bankers Insurance

SEPTEMBER 12, 2023

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? This concept is typically applied in automobile insurance, both personal and business, and is also found in property, general liability, and worker’s compensation insurance. WHEN DOES SUBROGATION OCCUR?

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Insurance Carrier Compensation Deductible Claim 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

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

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