Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. We forecast 2022 P&C premium growth of 8.5 for 2022, up 1.2 percent,” Porfilio said.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

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. She oversees the programs strategic planning, product management, and underwriting profitability.

Building 52

Building Broker Damage Insurance Broker 52

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. Katie is based in Rhode Island.

Broker 52

Broker Insurance Broker Building Underwriter 52

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. She oversees the programs strategic planning, product management, and underwriting profitability.

Building 52

Building Insurance Broker Broker Damage 52

Triple-I: Homeowners Insurance

JUNE 27, 2024

By Lewis Nibbelin, Guest Blogger for Triple-I Home and auto insurance premium rates have been a topic of considerable public discussion as rising replacement costs and other factors – from climate-related losses to fraud and legal system abuse – have driven rates up and, in some states, crimped availability and affordability of coverage.

Underwriter 52

Underwriter Underwriting Insurance Insurer 52

Protect Commercial Insurance

OCTOBER 4, 2024

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

American Agents Alliance

MARCH 3, 2025

New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. And if an AI model miscalculates premium, fails to include the right details, or misconstrues coverage guidelines, the agent could be held liable for the AIs faulty recommendation.

Broker-Agent 52

Broker-Agent Broker Agents Risk 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. 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

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.

Insurance 52

Insurance Insurer Insured Premium 52

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. Innovative digital tools can streamline underwriting while improving efficiency for insurers and agents.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

Majesco

FEBRUARY 15, 2024

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 These types of risks often require specialized knowledge and underwriting expertise.

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

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.

Out-Of-Pocket 65

Out-Of-Pocket Broker-Agent Premium Claim 65

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. In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. Having said that, there are ways you can help yourself.

Insurance 52

Insurance Insurer Insured Premium 52

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Can you outline some of the most common housing violations in Los Angeles?

Building 52

Building Damage Insurance Broker Underwriter 52

Protect Commercial Insurance

DECEMBER 6, 2024

Additionally, expect insurers to reward companies that demonstrate environmental stewardship through lower premiums or specialised incentives. – Risk Assessment and Underwriting : AI algorithms can sift through mountains of data faster than any human analyst, identifying patterns and predicting potential risks with astonishing accuracy.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Insurer 52

Distinguished

NOVEMBER 7, 2024

The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. Performance and payment bonds become crucial in managing these risks.

Claim 52

Claim Compensation Risk Broker-Agent 52

Cowbell

APRIL 3, 2025

Here at Cowbell, we remain committed to helping policyholders, agents, and brokers gain a comprehensive view of riskinside and out. This expansion means that Cowbell policyholders now have more opportunities to refine their Cowbell Factors (our proprietary risk ratings) and potentially qualify for reduced premiums.

Cyber 52

Cyber Policyholder Broker-Agent Risk 52