article thumbnail

Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same. This rate reduction will affect work comp policies with renewal dates between 10/01/24 to 09/30/25. What can Contractors do?

article thumbnail

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Minnesota’s The Builders Group Goes Live on Insurity’s Workers Comp Suite

Insurance Journal

Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the completion of a deployment that …

article thumbnail

The Hidden Cost of Bad P&C Insurance Data — And Why You Can’t Build a Reliable Dataset In-House

Neilson Marketing Services

property and casualty (P&C) insurance ecosystem: Over 714,000 professionals are employed in the P&C industry. Approximately 2,500 insurance carriers employ an additional 519,000 professionals. The Scale of the Challenge Before diving in, consider the scope of the U.S.

article thumbnail

Zywave’s 2025 Summer Launch: Innovation that Elevates the Insurance Experience

Zywave

They provide the insurers, brokers and service providers that use Zywave solutions with a Performance Multiplier designed to drive profitable growth in an environment of escalating risk. Together, these updates empower brokers, insurers, service providers, and the end users they serve to work smarter and faster than ever before.

article thumbnail

Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

” If you don’t have the opportunity to check out the full webinar, read on for key insights from the discussion and actionable advice for insurers, brokers, and policyholders. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.

article thumbnail

Why We’re Still Talking About the J&J Class Action ERISA Lawsuit

R&R Insurance

The court reasoned that, even if the defendants were to reimburse her out-of-pocket costs on a given drug, that money would be owed to her insurance carrier to reimburse it for its expenditures on other drugs that same year. Click here to read more.