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Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts Owed By Delaying and Underpaying Insurance Companies

Property Insurance Coverage Law

That is exactly what the insurance industry has accomplished in Florida with recent changes in law. Most would be laughed out of town.

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AM Best Reaffirms Frankenmuth Insurance’s Financial Strength and Stability With An A (Excellent) Rating

Frankenmuth Insurance

These high ratings represent Best’s assessment of Frankenmuth Insurance Company and its property and casualty insurance subsidiaries: Ansur America Insurance Company, ASure Worldwide Insurance Company, Fortuity Insurance Company, and Patriot Insurance Company.

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From Risk to Retention: Transforming Insurance with Predictive Churn Analytics

InsuredMine

In this context, understanding why customers might leave and taking preemptive steps to prevent churn has become a strategic imperative for insurance companies. This innovative approach combines big data, machine learning, and advanced statistical techniques to forecast which policyholders are likely to discontinue their coverage.

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Tips for Buying Home Insurance

Bankers Insurance

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Finally, toward the end of 2023, reinsurance rates rose by as much as 40% as companies sought to recoup increased losses from recent years.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

The Importance of Consumer Education Consumer education is a critical aspect of making informed decisions regarding insurance coverage and navigating the complexities of the insurance industry. By gaining insurance knowledge , individuals can protect their property effectively and avoid falling victim to insurance scams.

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Gamification in Insurance: Everything You Should Know

Leadsurance

What is gamification and how does it relate to the insurance industry? In the insurance industry, gamification can be used to enhance customer engagement, boost sales performance, and improve customer loyalty and retention. How can gamification benefit insurers?

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Blog Post: How Autonomous Vehicles Could Dramatically Change Car Insurance

LexisNexis

With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies. Indeed, AV technology could upend the very foundations of the car insurance industry. First, some basics.