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How to Avoid Coverage Gaps That Can Lead to E&O Claims

American Agents Alliance

This is where agents and brokers play a critical role in helping identify and close potential coverage gaps. Read on to learn more about how to avoid coverage gaps that can lead to E&O claims while helping ensure policyholders are protected.

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AI and LLMs: A Double-Edged Sword for Insurance Agents and Brokers

Specialty Insurance

While AI and LLMs offer exciting opportunities for innovation in the insurance industry, they also present new challenges for agents and brokers. The use of AI by Insurance Agents/Brokers can have an adverse impact on Insurance Agents E&O loss history.

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Helping Clients Navigate Marketplace Open Enrollment | Solstiuce

Solstice Insurance Broker

As an insurance broker, you can be the compass your clients need. Key Takeaways : Brokers should stay informed to empower their clients. Key Takeaways : Brokers should stay informed to empower their clients. Brokers should advocate for clients year-round, assisting with claims and policy updates.

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After the Renewal — Five Renewal Service Tips For Existing Policyholders

American Agents Alliance

The busy July renewal season has recently ended, and for many P&C agents, this time of year can be like running a marathon. Renewal Service Tips to Improve Retention and Growth Post-renewal service is an area where agents can differentiate themselves and deepen relationships with policyholders. Don’t go silent after the renewal.

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E&O Risks When Clients Misunderstand Their Coverage Needs

American Agents Alliance

This can create additional E&O risks for agents and brokers, however, when a policyholder misunderstands their coverage needs or policy language. Learn more about this growing challenge and how to help prevent E&O claims arising from policyholder misunderstandings. Spend time to reconfirm understanding.

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What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

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Why Your Home Insurance Premium Increased by 20% – Even If Only Your Neighbor’s House Burned Down 

Agency Height

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