What is a "Surplus Lines" Insurance Carrier and Do I Need One?
Wren Insurance Agency
NOVEMBER 13, 2024
Costs can be higher for policyholders and if a surplus lines carrier goes insolvent, existing claims will not be paid by the State.
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Agency Bill Or Direct Bill: It Pays To Prepare For Both
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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FAIR Plan Under Fire: Class Action Claims Smoke Damage Coverage Falls Short
American Agents Alliance
OCTOBER 24, 2024
The lawsuit, filed in Alameda County Superior Court, argues that the FAIR Plan’s handling of smoke claims falls short of the legal standards for fire insurance policies mandated by state law. In reality, the plaintiffs argue, the changes resulted in more denied claims and less protection for homeowners.
Blog Post: Legal Challenge to IL Swipe Fee Law, Possible Delay of New WA Insurance Premium Transparency Requirement & More
LexisNexis
NOVEMBER 5, 2024
Phase 1 of the rule, which took effect in June of this year, requires homeowners and auto insurers to disclose to policyholders why their premiums have increased when asked. Phase 2 will require the reasons for premium increases to be included in policy renewals. INSURANCE JOURNAL ) FL Insurers Not Liable for Bank Error The U.S.
Why are Homeowners Insurance Rates Increasing?
Scott Insurance
JANUARY 31, 2024
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. Increased Replacement costs Most homeowners policies are designed to completely pay for replacing a home in the event of a total loss.
Millennial Insurance Buyers — What Agents Need to Know to Sell to Them
American Agents Alliance
OCTOBER 14, 2024
Agents can tailor their marketing approach by highlighting products and features of policies that make sense for the individual, along with aligning their service with value-forward companies. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important.
INSURING YOUR NJ HOME WITH CHUBB
Boyle Agency Insurance
MARCH 22, 2024
Outstanding Homeowners Insurance Coverage Bogle Agency Insurance offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a leading American insurance carrier and in the interest of serving our clients’ needs, we offer the best coverage.
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