Insurance Journal

FEBRUARY 18, 2025

Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for insurance buyers and sellers to deal with today’s casualty insurance market during a webinar last week. Their main message was …

Casualty Insurance 179

Casualty Insurance Insurance Carrier Insurance Insured 179

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. This research addresses one main question: Do crime scores accurately predict property-specific crime risk? Read the full report here.

Crime 52

Crime Insurance Carrier Risk General Liability 52

Wren Insurance Agency

NOVEMBER 13, 2024

This is where "surplus lines" insurance comes in. A surplus lines company is a type of insurer that provides coverage for risks that are unavailable through standard, licensed carriers. Costs can be higher for policyholders and if a surplus lines carrier goes insolvent, existing claims will not be paid by the State.

Insurance Carrier 75

Insurance Carrier Insurance Insured Insurer 75

Triple-I: Homeowners Insurance

JANUARY 20, 2025

Rather, new technology presents opportunities to facilitate more proactive and individualized risk management than ever before, while also enabling employees to do what this industry does best: engaging with other people. I remember when insurance companies advertised dependability and stability, Temple explained.

Insurance 59

Insurance Insured Insurer Insurance Carrier 59

Risk Management Monitor

AUGUST 30, 2021

Ida has now weakened to a tropical storm and will continue to cut through the south before making its way across much of the East Coast, bringing significant risks of wind, rain and inland flooding throughout this week. Be sure to assess your risk and execute the appropriate steps to protect your business, property and employees.

Risk 74

Risk Damage Building Business Interruption 74

Zywave

MARCH 3, 2025

The casualty insurance market is currently experiencing unprecedented volatility, with significant pricing fluctuations and escalating loss costs becoming the norm. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.

Casualty Insurance 52

Casualty Insurance Policyholder Liability General Liability 52

Distinguished

SEPTEMBER 25, 2024

An increase in construction also means an increase in financial risk. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing. What Does Distinguished’s Builder’s Risk Cover?

Risk 52

Risk Broker-Agent Insurance Insured 52

Distinguished

APRIL 9, 2025

Here are just a few of the ways that MGAs and insurance brokers differ: Underwriting and policy issuance : Traditional brokers sell insurance policies but must go through an insurer to get coverage approved. MGAs, on the other hand, have the authority to underwrite, price, and even issue policies on behalf of insurers.

Agents 52

Agents Broker-Agent Broker Underwriter 52

ProWriters

SEPTEMBER 23, 2024

Your business clients need Employment Practices Liability (EPL) Insurance , or EPLI. Without it, they risk incurring substantial expenses in employment-related claims. EPL Insurance carriers often have teams of experienced professionals who specialize in employment practices. Obtained more than $22.6

Out-Of-Pocket 92

Out-Of-Pocket Liability Insurance Carrier Policy 92

ProWriters

OCTOBER 2, 2024

Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging. But when you partner with a leading wholesale Cyber Insurance broker like ProWriters, you have all the resources needed to succeed in your role. What Is a Cyber Insurance Broker? Why Is Cyber Insurance Important?

Insurance Broker 86

Insurance Broker Cyber Broker Protection 86

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

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

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.

Policy 74

Policy Insurance Companies Premium Damage 74

TGS

SEPTEMBER 22, 2023

There are a number of reasons why an insurance carrier can decide not to offer you a home insurance policy renewal. Homeowners insurance non renewal can happen to anyone. 3 Steps to Get Homeowners Insurance After Non Renewal 1. If you pass a follow-up home inspection, your carrier may insure you again.

Insurance Carrier 52

Insurance Carrier Home Insurance Insurance Insured 52

Scott Insurance

APRIL 21, 2020

As business models and operations shift and evolve, M&D companies must stay vigilant on risk management efforts. What risk do we assume in repurposing our operations in response to COVID-19? Have you considered varying levels of risk when distributing to healthcare and/or government entities? How will you advertise?

Risk 40

Risk Liability Underwriter Underwriting 40

Triple-I: Homeowners Insurance

JANUARY 13, 2025

While the perception of overall severe weather risks varies significantly by region, 65 percent of the participants nationwide believed their home is at risk from thunderstorms, according to the new report, Catastrophic Weather Events and Mitigation: Survey of Homeowners by the Insurance Research Council (IRC), a division of The Institutes.

Policyholder 79

Policyholder Claim Premium Risk 79

Bankers Insurance

SEPTEMBER 12, 2023

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? Depending on the success of your insurance carrier’s efforts in the subrogation process, and the resulting reimbursement amount, the insured may be entitled to receive funds held back from their insurance carrier.

Insurance Carrier 52

Insurance Carrier Compensation Deductible Claim 52

American Agents Alliance

APRIL 3, 2025

At the same time, agents can work with their policyholders to improve risk management and loss control to make the account as attractive as possible when shopping for coverage. Agents can help negotiate renewal terms to keep premium costs down and provide insights and data-driven analytics to support the request for lower premiums.

Agents 52

Agents Policyholder Premium Auto 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

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.

Insurance Policy 52

Insurance Policy Policy Home Insurance Personal Property 52

LexisNexis

AUGUST 27, 2024

Read now » Related Content Cyber Insurance, Related Coverage Litigation, and Insurance Coverage for Data Breach Risk Examine issues related to obtaining insurance coverage specific to data breach risks.

Business Interruption 40

Business Interruption Cyber Insurance Policy Insurance Carrier 40

Risk Management Monitor

AUGUST 9, 2022

You learn that the roof needs to be replaced due to the existence of hail damage, so you submit a claim to your insurance carrier. It further puts the onus on business owners to understand the insurance claim process, including seeking tolling agreements to extend the deadline for filing a lawsuit.

Damage 78

Damage Claim Commercial Property Deductible 78

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.

Insurance Agent 52

Insurance Agent Insurance Agents Agents Insurance 52

ProWriters

JANUARY 3, 2024

Among the key drivers affecting D&O Insurance providers are the high-profile incidents within the finance and crypto sectors. The Credit Suisse Bank collapse and FTX bankruptcy , for instance, sent shockwaves through the industry, reshaping the risk landscape that D&O Insurance providers must now navigate.

Premium 52

Premium Insurance Insured Insurer 52

ProWriters

APRIL 3, 2024

Today’s dynamic business environment and litigious society pose several risks to businesses. As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. E&O Insurance protects against claims of negligence or inadequate work.

Liability 52

Liability Cyber Claim Policy 52

TGS

SEPTEMBER 11, 2023

Calculating Your Rates With Wind Pool Additional Windstorm Insurance Options With TGS What is the South Carolina Wind Pool? The South Carolina Legislature required insurance to be available to at-risk coastal homes. Why Would I Have to Get South Carolina Wind Pool Insurance? This program started in 1971.

Insurance 52

Insurance Insured Insurer Out-Of-Pocket 52

Boyle Agency Insurance

APRIL 27, 2024

Although this probably doesn’t apply to your dog, statistical analysis indicates this to be a factor in insurance premiums. Proximity to a Fire Station – When determining premiums for Homeowners Insurance, carriers consider the travel time from the nearest fire station to your house.

Premium 40

Premium Deductible Insurance Insured 40

Redbird Agents

JULY 12, 2024

Presenting hospital indemnity with every Medical insurance sale is a choice every agent has and most choose not to. 84% of all Medicare Advantage plans have a significant gap that poses a real and meaningful financial risk to policy holders should they become hospitalized. Who are the top Hospital Indemnity Insurance carriers?

Insurance 130

Insurance Insured Insurer Premium 130

InsuredMine

MARCH 26, 2024

Insurance companies recognize the imperative to invest in modern digital technologies to achieve their goals of cost reduction and revenue growth. Insurance carriers recognize the importance of investing in future-proof architecture, characterized by open APIs and low-code systems that easily integrate into broader technology ecosystems.

Insurance 52

Insurance Insured Insurer Insurance Industry 52

Property Insurance Centre

JANUARY 4, 2024

. “The increasing frequency and severity of weather events have made it imperative for insurers to reassess their risk models and coverage options,” says weather expert Dr. Emma Thompson. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

American Agents Alliance

NOVEMBER 15, 2024

Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents. Online quoting platforms, claims portals, document upload pages, and digital payment solutions will be critical to helping policyholders manage their insurance portfolios.

Building 40

Building Agents Broker-Agent Policyholder 40

Ease

FEBRUARY 21, 2023

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. Panning out, HDHPs typically combine with a health savings account (HSA).

Premium 52

Premium Out-Of-Pocket Deductible Insurance Broker 52

American Agents Alliance

OCTOBER 24, 2024

The California FAIR Plan was established to offer fire insurance to homeowners who are otherwise unable to secure coverage from traditional insurers due to the state’s high wildfire risks. This would represent a substantial financial liability for the FAIR Plan and its member insurance carriers, which fund the program.

Damage 40

Damage Claim Broker-Agent Policyholder 40

American Agents Alliance

OCTOBER 14, 2024

They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important. Join the American Agents Alliance for More Information Agents and brokers who want to sell insurance to millennials can find ways to be successful with this marker.

Agents 40

Agents Broker-Agent Policyholder Insurance 40

Majesco

APRIL 11, 2024

Most insurers are in a sort of pressure-cooker situation where challenges are creating pressure and good decisions need to be made. They are looking at their financials, growth, profitability, pace of technology change, increasing risk, and customer demands to determine next steps with their technology foundation.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

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. This protects your book by diversification of risk.

Policy 40

Policy License Underwriter Underwriting 40

Friendly Agent

DECEMBER 3, 2020

Once you are licensed and registered as an insurance agent you need to get appointed by an Insurance carrier to sell their product. You can check out our article “Pro Tips for getting insurance Carrier Appointment for a new agency” to learn more about this process. This step is not easy and may take some time.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurance Carrier 130

Risk Management Monitor

OCTOBER 25, 2022

According to Beazley’s recent Risk & Resilience Geopolitical Report , inflation is a key area of concern for business leaders and they expect economic uncertainty to remain high through to the end of this year. Inflation’s Impact on the Insurance Market. For those trading internationally, trade credit insurance becomes essential.

Risk 40

Risk Insurance Insured Insurer 40