Triple-I: Homeowners Insurance

JUNE 26, 2024

Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart below, average annual premiums climbed sharply after 2020. In 2022, average homeowners premium rates rose more than 17 percent, to $3,040.

Premium 52

Premium Property Insurance Claim Policyholder 52

Distinguished

MARCH 19, 2025

Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. Insurers view these violations as signs of deferred maintenance and increased risk.

Building 52

Building Broker Damage Insurance Broker 52

Zywave

NOVEMBER 13, 2024

We’re prepared to help you grow your distribution network, power your decision making with industry-leading data and insights and empower your teams and policyholders with industry knowledge and expertise. Policyholders are going to experience losses. Cyber attacks are going to happen. Regulations are going to continually change.

Cyber 97

Cyber Policyholder Insured Insurer 97

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.

Premium 40

Premium Auto Insurance Insurance Carrier Policyholder 40

Distinguished

MARCH 21, 2025

Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. Insurers view these violations as signs of deferred maintenance and increased risk.

Building 52

Building Insurance Broker Broker Damage 52

Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. 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. Reduce liability risks.

Home Insurance 52

Home Insurance Policyholder Insured Insurer 52

Property Insurance Centre

MAY 17, 2024

The Insurance Act 2015 IMPORTANT INFORMATION – PLEASE READ Duty of Fair Presentation The Insurance Act 2015 imposes an obligation on all policyholders to “make a fair presentation of the risk” prior to the policy commencing. What is reasonable will depend upon the nature of your business and the policy you are purchasing.

Premium 52

Premium Insured Insurer Insurance 52

Redbird Agents

JUNE 14, 2024

FIA Accumulation Highlights : Review premium requirements, fixed rates, withdrawals and more! Fixed Annuity Highlights : Inform your customers on current yields, first year bonus rates, minimum premiums and more! If they need income in the next 12 months, you’ll likely just work with them on a single premium immediate annuity.

License 130

License Life Insurance Agents 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?

Premium 52

Premium Deductible Insured Insurer 52

Smart Insurance Agents

DECEMBER 9, 2024

Affordable Premiums: Short Term Health Insurance Plans typically offer more affordable premiums compared to long-term health insurance plans. Cost: Evaluate the premiums, deductibles, copayments, and out-of-pocket maximums associated with each plan. Determine the affordability and value for the coverage provided.

Out-Of-Pocket 98

Out-Of-Pocket Insured Insurer Insurance 98

Distinguished

MARCH 17, 2025

With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums.

Broker 52

Broker Insurance Broker Building Underwriter 52

LexisNexis

DECEMBER 2, 2024

Oakland, CA -- The California Department of Industrial Relations (DIR) has issued the 2025 assessments that workers’ compensation insurers are required to collect from policyholders to cover the budget of the state Division of Workers’ Compensation (DWC) and five related programs set up by state lawmakers.

Workers Comp 40

Workers Comp Workers Compensation Policyholder Premium 40

Protect Commercial Insurance

OCTOBER 4, 2024

They can be set by central banks and are influenced by several factors, including inflation, economic growth, and monetary policy decisions. Sometimes, changes in global financial markets or government policies can also be catalysts for rate hikes. Here’s how: insurers rely on investment income to keep premiums competitive.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insured 52

Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. By being knowledgeable about insurance products, policy terms, and coverage options, consumers can choose policies that best suit their unique needs. This guide draws on some information from America as well as the UK.

Property Insurance 52

Property Insurance Policyholder Insured Insurer 52

TGS

OCTOBER 30, 2024

TGS Insurance » Blog 5 Must-Know Tips for Comparing Home Insurance Quotes Choosing the right home insurance policy can sometimes feel like trying to find the perfect coffee order—it’s a delicate balance between what you need and what works best for your wallet. Sure, the premium—the amount you pay for the policy—matters.

Home Insurance 52

Home Insurance Insurance Quotes Deductible Out-Of-Pocket 52

Protect Commercial Insurance

FEBRUARY 10, 2022

Whilst we’re predominantly a commercial insurance broker, the new ruling affects our high-value household policies. Key changes The new rules have brought some key changes to the way General Insurance works: Equivalent policy premiums should not be higher for existing customers than for new customers. Premium reductions?

Premium 52

Premium Broker Commercial Insurance Commercial 52

American Agents Alliance

NOVEMBER 9, 2024

Independent P&C agents and brokers who reside and work in this region must also know how to help policyholders manage earthquake risk. Learn more about how agents can help their policyholders manage earthquake risk in this blog. This coverage gap means agents must educate policyholders to help ensure they have adequate protection.

Agents 40

Agents Risk Broker-Agent Policyholder 40

American Agents Alliance

DECEMBER 8, 2024

Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close. UBI policies use telematics and data to analyze driving behavior to dynamically determine premiums.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

Smart Insurance Agents

SEPTEMBER 7, 2024

Adding a dependent to your health insurance usually involves additional costs, reflected in higher premiums for family plans. Dependent Definition For Health Insurance Terms In health insurance, a dependent is a person who follows certain rules set by the insurance policy. This group usually includes spouses and children.

Policyholder 52

Policyholder Insured Insurer Insurance 52

InsuredMine

MAY 20, 2024

And get this some even let you pay as you go instead of heavy annual premiums. Limitations and Challenges Faced Through Traditional Insurance Model Traditional insurance operates on a principle of risk pooling, where many pay premiums to cover the potential claims of a few. Every person, every business, every situation is different.

Insured 52

Insured Insurer Insurance Premium 52

Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

Property Insurance Centre

NOVEMBER 11, 2024

” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions. Unfortunately, customers are more often than not caught in the middle, and end up having to fork out more money to pay for policies or settle for lesser cover.

Insured 52

Insured Insurer Insurance Premium 52

Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. The rising costs of building or repairing properties have a direct effect on insurance premiums.

Property Insurance 52

Property Insurance Commercial Property Liability Insured 52

Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. – Failure to read particular policy documents. – Picking a low excess. .

Building 52

Building Insured Insurer Insurance 52

Property Insurance Centre

JULY 21, 2024

Their comprehensive approach, combining expert knowledge, personalised service, and a keen attention to detail, has earned them a stellar reputation among policyholders and insurers alike. We look forward to continuing our mission of helping policyholders navigate the complexities of property damage claims with confidence and ease.”

Claim 52

Claim Property Damage Property Insurance Building 52

Property Insurance Centre

JANUARY 30, 2024

Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats. That’s why it’s essential to choose a specialised block of flats insurance policy that covers the specific needs of your property. Buildings insurance covers the physical structure of the property.

Insured 52

Insured Insurer Building Insurance 52

Freeway Insurance

JANUARY 4, 2024

A low deductible health plan means the policyholder will pay less upfront and out of pocket for certain healthcare items, such as surgery. Most policies outline certain services the insured may access whether their deductible is met or not, such as a visit to the primary care doctor. Read on to learn more. Quote Widget: “Dr.

Deductible 52

Deductible Out-Of-Pocket Insured Insurer 52

Bankers Insurance

AUGUST 8, 2024

Businesses may end up with inaccurate ITV calculations for a wide range of reasons — whether it stems from ineffective property valuation methods, intentionally underestimating costs to secure reduced premiums or being impacted by factors outside their control (e.g., inflation). Regardless, such inaccuracies are all too common.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

American Agents Alliance

OCTOBER 14, 2024

Agents can tailor their marketing approach by highlighting products and features of policies that make sense for the individual, along with aligning their service with value-forward companies. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important.

Agents 40

Agents Broker-Agent Policyholder Insured 40

Triple-I: Business Insurance

APRIL 24, 2023

Nearly $1 billion in lightning claims was paid out in 2018 to almost 78,000 policy holders, according to LPI. Several insurers offer premium discounts for policyholders who invest in lightning protection systems. Lightning strikes about a 100 times every second,” Harger said.

Risk 52

Risk Business Interruption Damage Protection 52

Protect Commercial Insurance

DECEMBER 6, 2024

These informal agreements gradually evolved into structured policies, providing a safety net for traders and setting the groundwork for todays complex insurance systems. Theyre poised to offer bespoke policies covering everything from pollution liability to clean-up costs.

Commercial Insurance 52

Commercial Insurance Commercial Insured Insurer 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. Clear communication is key, the participants agreed. Preventing adversaries to the U.S.

Out-Of-Pocket 65

Out-Of-Pocket Broker-Agent Premium Claim 65

Zywave

NOVEMBER 6, 2024

The aim of Zywave’s Cyber Quoting is to help the market to grow cyber premium,” said Zywave Senior Vice President Jeff Cohen. “Now, it’s not only faster, but it’s also smarter. ” The Cyber Quoting benchmarking and limit adequacy insights are powered by Zywave’s Commercial Analytics data.

Cyber 52

Cyber Broker-Agent Broker Commercial 52

Distinguished

MARCH 6, 2025

Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Additionally, even if insurance is provided, policies may come with exclusions that specifically limit coverage for risks related to unresolved violations. Yes, indeed.

Building 52

Building Damage Insurance Broker Underwriter 52

Majesco

FEBRUARY 15, 2024

Turnarounds of weeks or days to evaluate, quote, and bind policies are simply not acceptable in today’s hyper-competitive market. Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. Now, imagine the infield—shortstop, second baseman, and first baseman—all working in harmony.

Premium 40

Premium Underwriter Underwriting Claim 40

Leadsurance

SEPTEMBER 26, 2023

With its ability to directly reach current clients, potential leads, and past policyholders, email marketing provides a platform for personalized, timely, and relevant content delivery. For insurance agents, it offers a unique opportunity to establish trust, provide essential updates, and promote new policy offerings.

Insurance Agents 52

Insurance Agents Insurance Agent Agents Insured 52