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Become an Attractive Risk for Underwriters

Insurance Journal

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 …

Risk 246
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How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. Thus, affordable housing providers are highly likely to experience a loss of coverage or relatively high insurance premiums. Read the full report here.

Crime 52
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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

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. the Good In general, a reduction of work comp rates result in reduced premium costs to contractors. HVAC Installation -14.6

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Analyzing Average D&O Insurance Premium Trends in 2023 and Beyond

ProWriters

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. Among the key drivers affecting D&O Insurance providers are the high-profile incidents within the finance and crypto sectors.

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The Ultimate Guide for Insurance Agents: How to Build a Profitable Final Expense Business

Final Expense Brokerage

However, this market comes with its own set of challenges, including price sensitivity, unique underwriting processes, and sometimes, a lack of awareness among consumers. Key products to consider include: Whole Life Insurance : A staple for final expense agents, it provides lifelong coverage at affordable premiums.

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Affordable Housing Insurance Challenges: Understanding the Market

Scott Insurance

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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Understanding the Key Parties in Workers’ Compensation

AMAXX

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. Lets explore the roles of these critical players in a workers’ compensation system.