American Agents Alliance

FEBRUARY 7, 2025

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. This could lead to an E&O claim as policyholders are disappointed in claims outcomes.

Broker-Agent 52

Broker-Agent Risk Policyholder Agents 52

American Agents Alliance

MARCH 19, 2025

Data-driven decision making can help improve retention rates by helping agents understand policyholder behavior and make adjustments proactively, before customers shop for other options. How to Use Data Analytics to Keep Policyholders Engaged Retaining a policyholder long-term leads to recurring revenue and an ongoing referral source.

Agents 52

Agents Insurance Agent Insurance Agents Policyholder 52

Smart Insurance Agents

DECEMBER 9, 2024

Cost: Evaluate the premiums, deductibles, copayments, and out-of-pocket maximums associated with each plan. – A requirement to provide a summary of benefits and coverage to policyholders. Ensure that your preferred healthcare providers are within the plan’s network to maximize convenience and minimize out-of-pocket costs.

Out-Of-Pocket 98

Out-Of-Pocket Insurer Insurance Insured 98

Risk Management Monitor

SEPTEMBER 21, 2021

In addition to claims experts, it may also be helpful for the carrier’s loss control team to attend, as well as agent/broker staff. The policyholder’s unique objectives should drive decisions about how often to conduct the claims reviews, what types of claims to include and where to dive into the greatest detail.

Claim 75

Claim Injury Workers Compensation Risk 75

Distinguished

NOVEMBER 7, 2024

Insurance Products: Insurance transfers risk from the insured (policyholder) to the insurer (insurance company). The insured is not obligated to repay the insurer for the claim payment, except in cases of deductibles, which are predefined portions of the loss the insured agrees to bear.

Claim 52

Claim Compensation Risk Broker-Agent 52

Cover4LetProperty

OCTOBER 10, 2022

That is to say, you (or your agent) are without a criminal record and have no convictions for breaching landlord laws, regulations, or codes of practice. You might also want to consult a letting agent about a realistic rent for the property you are offering. What are let property insurance brokers?

Insurer 52

Insurer Insurance Insured Property Insurance 52

Property Insurance Centre

SEPTEMBER 25, 2024

It is important not to rely only on the words that a broker tells you, try to read all the details. By understanding these factors, you can take steps to reduce your insurance costs, such as choosing a higher deductible or improving the condition of your property. – Failure to read particular policy documents.

Building 52

Building Insurer Insurance Insured 52