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The recent filing of two sweeping antitrust lawsuits in California against a long list of most of the admitted California insurancecompanies has generated immediate attention within the insuranceindustry.
While Jimmy Patronis and Governor DeSantis trumpet their latest emergency rule as consumer protection following the CBS 60 Minutes Expose noted in CBS 60 Minutes Exposes Alleged InsuranceCompany Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, the reality reveals a different story.
In today’s rapidly evolving digital landscape, customer experience is paramount across all industries, including insurance. While traditionally viewed as a transactional service, insurancecompanies increasingly recognize the significance of fostering … This post is part of a series sponsored by Dyad.
At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurancecompany who brought his team members to the event. The insurer was …
For decades, Georgia’s insuranceindustry has sought to eliminate the long-standing provision allowing trucking-accident plaintiffs to sue insurancecompanies directly. This was the single most important issue the industry wanted to see addressed by lawmakers. Now, with the passage of …
The insuranceindustry has historically been slow to adopt new technologies o often relying on traditional outreach, marketing and client management methods. However, digital transformation has taken hold across the sector in recent years, radically reshaping how insurancecompanies engage …
Hurricane Milton could result in a $60 billion loss for the global insuranceindustry, creating a surge in 2025 reinsurance prices which could boost some insurancecompanies’ shares, analysts at RBC Capital said. The Category 5 hurricane is due to …
Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insuranceindustry. Planck provides an AI-based data platform for commercial insurance. It works with US insurancecompanies, helping them streamline the …
Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged InsuranceCompany Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insuranceindustry.
When the InsurTech experiment began a decade ago, it took some time for insurers, investors, and the industry to sort it all out. In many ways, though, Insurtech’s relationship to the insurance business is still evolving. That is not necessarily how the insurance and the reinsurance industry is perceived.
Can you imagine a business industry trade group going to politicians asking for laws that prevent others from collecting valid debts from them? That is exactly what the insuranceindustry has accomplished in Florida with recent changes in law. Most would be laughed out of town.
Grange InsuranceCompany, headquartered in Columbus, Ohio, named Nicole Carter as vice president, public liability sales and strategic distribution, effective Jan. Carter has nearly 30 years of experience in the insuranceindustry. Before joining Grange, she served as …
Heritage Insurance (HRTG) lost 20% of its publicly traded value yesterday following the recent CBS 60 Minutes investigation into alleged insurance fraud in Florida, which has sent shockwaves through the insuranceindustry.
In my recent articles, The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor InsuranceCompanies Over Policyholders — Are Florida’s Politicians in Bed with the InsuranceIndustry and Florida’s Emergency Ethical Rule Conflicts with Xactimate’s License Agreement – Another Example of InsuranceIndustry Control in Florida, (..)
For insurance agents, managing chargebacks and financial obligations responsibly is a crucial part of building a successful career. One of the most significant consequences of unpaid debt in the insuranceindustry is being reported to Vector Onea reporting agency that tracks outstanding producer debt. What is Vector One?
As someone who has spent decades battling insurancecompanies over wrongful claims practices, it might seem strange that I’m writing about the importance of insurancecompany profits. Trust me, I had to take a deep breath before typing that sentence.
Grange InsuranceCompany announced that Cheryl McRae Lebens has been named the company’s Chief Financial Officer, effective January 1, 2025, following Terri Brown’s planned retirement at the end of the year. Brown’s career in the property and casualty Insuranceindustry …
Artificial Intelligence has the potential to benefit both insurance professionals and consumers, says Doug Marquis, chief technology officer at Zywave. Insurance is often regarded as a necessary evil by consumers a boring grudge purchase to protect themselves against an unfortunate event that may never happen.
As someone who has insured my car in Germany for over 20 years and spent a decade working as an insurance agent, I’ve seen the ins and outs of the car insuranceindustry. Whether you’re a citizen or an expat living in Germany, understanding how to process a car insurance claim is important.
If youre serious about selling final expense insurance , partnering with the right Final Expense Field Marketing Organization (FMO) is one of the most important decisions youll make. A Final Expense FMO is essentially a wholesaler in the insuranceindustry. Am I required to sell life insurance to friends and family?
Attending insurance conferences is a strategic move for any professional in the insuranceindustry, whether you are an established agent or new to the field. For insurance professionals looking to advance their careers, attending conferences with a clear game plan is vital. Why Attend Insurance Conferences?
May 15, 2024 11:34:08 AM Contact Us Uncover the secrets behind insurance agent commissions and learn how to maximize your earnings in this competitive field. Share: Exploring the Basics of Insurance Agent Commissions Insurance agent commissions are part of the reasons people are interested in becoming agents.
When it comes to buying insurance of any type, there are a myriad of choices and variables you must wade through to find the policy that works best for you. That’s no different when it comes to final expense insurance, with dozens of options major insurers offer. Compare quotes available to you from up to 30 insurancecompanies.
Filling senior-level roles in the insuranceindustry requires more than just sourcing resumes—it demands precision, industry knowledge, and a focus on long-term success. That’s where partnering with an insurance executive search firm comes into play. Why Work with an Insurance Executive Search Firm?
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Insurance marketing is the driving force behind the growth of any successful insurance agency. Whether you’re an established agency owner or just starting, having a strong marketing strategy is essential to attract new clients, retain existing customers, and scale your insurance business.
What could be the key challenges facing the insurance sector? The insuranceindustry has long been considered a cornerstone of financial stability, providing individuals and businesses with protection against unforeseen risks. Are there ways AI and technology can help us tackle these problems?
Insurance agency marketing strategies are evolving rapidly in the digital age. This blog post explores cutting-edge tactics that blend digital platforms, content marketing, and personalized customer experiences to help insurance agencies thrive in a competitive landscape. insurancecompanies use social media for marketing purposes.
Insurance is a competitive space. SEO for insurancecompanies is an essential marketing channel that can allow you to outmuscle bigger rivals by increasing brand visibility and driving targeted traffic. In this article, we’ll share the essential steps insurance providers need to power their search engine rankings.
At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover? What Water Damage Isn’t Covered?
Navigating the insurance landscape can be challenging for insurance agency owners. From understanding various acronyms and abbreviations like IMO, FMO, and MGA, to managing relationships with insurance carriers, there is a lot to consider. Frequently Asked Questions What is an IMO in insurance? Yes, I need an IMO!
INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS Appraisal outcome freezes compensation 50 Exchange Terrace LLC sought to collect under a property policy with Mount Vernon Specialty InsuranceCompany (Mount Vernon) for damage to its property in Rhode Island.
With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurancecompanies. Indeed, AV technology could upend the very foundations of the car insuranceindustry. First, some basics.
Insurance agencies today face immense challenges in attracting and retaining customers due to intense competition, economic pressures, and changing consumer behaviors. Non-compatible CRM systems make it extremely difficult for insurers to get a comprehensive view of their customers across different channels and touchpoints.
As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. The gray zone poses significant challenges for not only legal frameworks but also insurance policies.
INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS Good news for roofer Thomas Napolitano, a roofing business owner, sought a judgment declaring that Ace American InsuranceCompany, a workers compensation carrier, was obligated to defend and indemnify him in connection with a claim filed by his employee.
Everything Insurance Agents Need to Know About the National Producer Number (NPN) If you’re an insurance agent, broker, or adjuster, your National Producer Number (NPN) is a critical identifier in your professional journey. Why Is the NPN Important for Insurance Professionals? Lookup Your NPN Here.
The movie tackles the lives of stockbrokers and also talks about the life of their partners, insurance agents. The world of insurance selling can be overwhelming. Many articles talk about the basics and the obligations, but in our post, we give you the details that you may have not yet read about becoming a remarkable insurance agent.
May 11, 2024 10:44:08 AM Contact Us Are you interested in becoming a life insurance agent? Discover the steps to kickstart your career in this rewarding industry. Life insurance agents play a crucial role in educating clients about the importance of life insurance and the various options available.
INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS Barging in In 2014, Swalling Construction Company, Inc., Swalling obtained insurance through Alaska USA Insurance Brokers, LLC, which in turn obtained insurance from Atlantic Specialty InsuranceCompany.
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. What is gamification and how does it relate to the insuranceindustry? What is gamification and how does it relate to the insuranceindustry?
Westfield’s Legacy of Caring Program Partners with Westfield Insurance Agencies to Support Dozens of Nonprofits Across the Country Westfield partnered with Bankers Insurance to donate $9,500 to the American Red Cross as part of Westfield’s Legacy of Caring program.
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Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. In this context, understanding why customers might leave and taking preemptive steps to prevent churn has become a strategic imperative for insurancecompanies. However, the landscape has shifted dramatically.
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