Wren Insurance Agency

OCTOBER 23, 2024

In terms of storm damage and insurance premiums being affected, the outcome is pretty simple. The more damage, the more likely premiums will rise at renewal. The only insurance carrier that DOES currently have an annual increase cap in Florida is Citizens, the State-backed "insurance provider of last resort."

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PSM Brokerage

JANUARY 2, 2025

Carrier Policies: Each insurance carrier sets its own rates, which vary by plan type and region. A: No, rates vary by carrier, state, and plan type. Some carriers offer tiered commissions or bonuses. A: Most commissions are paid monthly based on the number of enrolled members and their premiums.

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Agents Insurance Carrier Policy Premium 111

Friendly Agent

SEPTEMBER 21, 2020

The commissions come from a percentage coming from the amount of the yearly premium, as well as the policy it is being offered for. The insurance premium is the money that the person or the business has for the policy. The insurance premiums are intended for policies covering cars, houses, life insurance premiums, and more.

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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. Take some time to do your research before committing.

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LexisNexis

NOVEMBER 5, 2024

CENTER SQUARE ) WA Considering Delay of New Insurance Premium Change Transparency Requirement Washington State Insurance Commissioner Mike Kreidler (D) has proposed delaying Phase 2 of a recently adopted insurance premium change transparency rule for two years, from June 2027 to June 2029.

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Redbird Agents

JULY 12, 2024

Who are the top Hospital Indemnity Insurance carriers? What is the average premium for hospital indemnity? 474 per year is the average annual premium across the seven carriers listed above. days Average annual premium is $474 Now let’s get to what everyone is wondering, will this be affordable to your customers?

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Insured Insurer Insurance Premium 130

Scott Insurance

JANUARY 31, 2024

has seen an increase in their homeowners insurance premium. 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. What can you do to impact your homeowners premium?

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R&R Insurance

SEPTEMBER 12, 2024

These rebates may be in the form of a premium credit or a lump-sum payment. For the small employer market segment, the insurance carriers must demonstrate that they spent $0.80 Issuers who did not meet the applicable MLR percentage for the last calendar year must provide rebates to plan sponsors by September 30th.

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AMAXX

JANUARY 13, 2025

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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Scott Insurance

FEBRUARY 27, 2024

The Hardening Property Insurance Market Since 2017, the property insurance market has been hardening, resulting in lower available limits, higher deductibles and increased premiums. suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance.

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Scott Insurance

FEBRUARY 7, 2023

is facing higher-than-normal increases to their auto insurance premiums. According to Bankrate , an independent publisher and comparison service, auto insurance in the U.S. Therefore, if the costs associated with an accident increase, insurance premiums will follow suit. appeared first on Scott Insurance.

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Wren Insurance Agency

AUGUST 28, 2024

When clients request ACV to try to save money on their insurance premiums, while we understand, we will always take the time to try to educate them on why this isn't necessarily a good idea. RCV is equal to the amount it would take to replace your contents at today's prices.

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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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Redbird Agents

JULY 18, 2024

Because Choice Mutual is an independent agency that partners with over 20 different insurance companies, when using the app, you can rest assured that you’ll be placed with whichever insurance carrier is best for you. Choice Mutual’s brokerage services, just like the app, are free.

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Insured Insurer Insurance Policy 130

Ease

FEBRUARY 21, 2023

Annual benchmarking and trend report shows smallest businesses see biggest medical premium increases SAN FRANCISCO, Feb. 21, 2023 – Ease®, a leading HR and benefits software solution for small- and medium-sized businesses (SMBs), insurance brokers, and insurance carriers, today released the 2023 SMB Benefits and Employee Insights Report.

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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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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.

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TGS

SEPTEMBER 29, 2023

As electric vehicles gain popularity for their eco-friendly, lower-maintenance features, it’s more important than ever to know how to get the best bang for your buck on your electric vehicle auto insurance. In general, you can expect your electric vehicle insurance premium to fall somewhere between $2,200 and $4,200 in 2023.

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Triple-I: Homeowners Insurance

JANUARY 13, 2025

Only 30 percent are aware of premium savings for implementing mitigation measures. Seventy percent revealed they would be willing to pay higher premiums for better protection against future severe weather events. Fifty-four percent reported hiring public adjusters to handle repairs and insurance claims.

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Scott Insurance

JUNE 30, 2023

Numerous factors contribute to the renewal rates and overall costs of health plans, and this year, employers may experience higher premiums than in the recent past due to ongoing COVID-19-related impacts and general inflation, among other factors. At this point, do you plan to change your health insurance carrier or administrator for 2024?

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Insurance Carrier Premium Claim Insured 52

Property Insurance Centre

JANUARY 4, 2024

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Key Takeaways Consistent rate increases have been experienced in the property insurance market since 2017. Inflation drives up property valuations , construction costs , and insurance premiums.

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Property Insurance Commercial Property Liability Insured 52

Scott Insurance

JULY 9, 2024

The Cost of water damage According to two of our personal insurance carrier partners, roughly 1 in 60 homeowners suffer water damage inside their homes each year, and approximately 40% of homeowners have experienced water damage at some point.

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TGS

OCTOBER 17, 2023

Insurance agencies can be sorted into two categories: captive and independent. A captive agency is tied to one insurance carrier, which means these agents are biased to make money for their specific carrier. On the flip side, an independent agency works fluidly with several insurance carriers.

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American Agents Alliance

OCTOBER 14, 2024

Millennials expect a seamless, intuitive digital experience from their insurance company, similar to transactions they are used to in their personal life from tech-forward companies like Amazon and Uber. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important.

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TGS

SEPTEMBER 11, 2023

Having windstorm insurance is necessary because many high-risk areas are in danger of damage from windstorms (tornadoes, hurricanes, hail, etc.). Calculating Your Rates With Wind Pool Insurance providers calculate your premium based on many different factors. A lot of this includes the risk of the location of your home.

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Smart Insurance Agents

SEPTEMBER 28, 2024

One of the key responsibilities of a health insurance broker is to help clients understand their unique health insurance needs. Brokers review various options and analyze offerings from different insurance carriers to tailor their recommendations and ensure comprehensive coverage.

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PSM Brokerage

JANUARY 7, 2025

Understanding ACA Basics Before diving in, its essential to understand the key elements of ACA health insurance: Essential Health Benefits: All ACA plans must cover services like preventive care, maternity, mental health, and prescriptions. Subsidies: Many clients qualify for subsidies that lower premiums and out-of-pocket costs.

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Word & Brown

DECEMBER 11, 2024

Talk with your clients about their needs, expectations, and budget, as plans that define the insureds inability to perform in their own occupation may be more costly than plans that define disability related to ones ability to perform any occupation. Policies with shorter maximum benefit periods typically have lower premiums.

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Word & Brown

NOVEMBER 12, 2024

For independent insurance agents, Quotit pricing starts at $99 a month, with standard and premium options at $149 and $199 per month, respectively. An FMO provides insurance brokers with support and connects them with a roster of insurance carriers – offering a range of products and services.

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Agency MVP

DECEMBER 20, 2021

Trends in Property and Casualty Insurance Most insurance companies are making the underwriting and policy issuance process simpler and more streamlined. Overall, premiums have become less expensive as well. It cuts out many of the traditional costs associated with selling insurance. Working from home is cost-effective.

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Insured Insurer Insurance Casualty Insurance 52

Leadsurance

AUGUST 1, 2023

Regardless of how the word makes you feel it is worth learning about considering that many of the big insurance carriers like Progressive are using gamification in their business. For example, customers who drive without accidents or stay below a certain speed limit can earn points or receive discounts on their premiums.

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Word & Brown

NOVEMBER 7, 2024

Sell the value Make sure you talk with your customer about what makes the product you’re recommending a better choice for their specific situation, as compared to something from another carrier (or another broker). If carrier A has a plan that includes a similar network, but the premiums are lower, it’s okay to sell based on cost.

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Smart Insurance Agents

OCTOBER 16, 2024

Furthermore, most broker services are free to consumers since brokers are compensated by insurance carriers. The Role of Health Insurance Brokers in the Market Health insurance brokers play a pivotal role in the health insurance market, acting as a crucial link between consumers and insurance companies.

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Insurance Broker Broker Broker-Agent Out-Of-Pocket Expense 52

Distinguished

SEPTEMBER 25, 2024

When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurance carrier to another.  This is where Builder’s Risk becomes essential.

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Freeway Insurance

DECEMBER 13, 2024

To make it even more convenient, some providers and even insurance carriers have their own virtual care apps. For a small premium each month, youll get access to a helpful telemedicine line to help you take care of your health. In some cases, all you need is a phone for audio-only support.

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Out-Of-Pocket Insurance Carrier Insured Insurer 52

Neilson Marketing Services

JULY 16, 2024

To help you hone your SEO for insurance company success and get in front of your customer base, we’ve created this guide to the latest trends and best practices in SEO tailored for insurance companies. What Is SEO in Insurance? The cost of auto insurance alone has climbed over 20% in the past year.

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Tosten Marketing

SEPTEMBER 12, 2023

It allows you to inform them about what is happening in real time in your state insurance market. Simply communicating to your customers that rates are up, underwriting is tightening, or an insurance carrier is pulling out of a state is a great way to be proactive. There is nothing wrong with that.

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