Tue.Jul 29, 2025

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7 Common New Broker Pitfalls – and How to Avoid Them

Word & Brown

Working as an independent insurance broker offers great benefits. Being able to choose your own career path. Determining your own hours. Working from virtually anywhere. Having the potential for higher income because of your direct sales efforts. Your freedom and flexibility are virtually unparalleled. However, the role is not without challenges – especially for new brokers.

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The Untapped Goldmine: Why Experienced Life Insurance Agents Must Leverage Client Referrals

Final Expense Brokerage

July 24, 2025 3:49:11 PM Contact Us Share: In today’s highly competitive life insurance market, agents are constantly looking for ways to improve efficiency, lower acquisition costs, and increase retention. Yet one of the most powerful and cost-effective strategies continues to be overlooked: referrals from current policyholders. Whether you're selling term life, whole life, final expense, or supplemental health insurance, the clients you’ve already served represent your warmest market - and pot

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H1 Natural Disasters Had Insured Price Tag of $80B – Driven by US Claims: Munich Re

Insurance Journal

Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report.

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Blog Post: Formplay: How Insurance Practitioners Can Score with Standard Insurance Policies

LexisNexis

Learn about the implications of form policies in regulatory disputes and coverage litigation. Read now » Related Content Standard Insurance Policy Forms: Implications in Regulatory Disputes and Coverage Litigation Checklist Review how policyholder and insurance company attorneys can best utilize standard insurance policy forms, including the fundamental role such forms play in regulatory and coverage disputes.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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AM Best Upgrades Credit Rating of Texas’ New Horizon

Insurance Journal

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of New Horizon Insurance Company based in Houston, Texas.

More Trending

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Applied Underwriters Starts MGA Platform Innovation Risk

Insurance Journal

Applied Underwriters said it has launched Innovation Risk, a new managing general agent (MGA) platform that will focus on casualty, accident, and life underwriting.

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Is Buying Insurance Leads Worth It in 2025? A Complete Guide to Make Smart, Profitable Investments 

Agency Height

Skip to content For Agents Agent Login Log in to your agent profile Add Your Agency Create a profile and connect with quality leads. Advertise with Us High engagement with the right audience Agency Services Insurance Back-Office Outsourcing Companies Licensing Management Services Agency Blog & Resources Expert guide to grow your insurance career Insurance Agencies for Sale The #1 marketplace for insurance agency acquisitions Agency Acquisition Resources Buy, sell, or value your agency easily.

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Top 5 Auto Insurers File for Average 6% Rate Reduction This Year, Florida OIR Says

Insurance Journal

Florida may have had some of the highest property and auto insurance rates in the country in recent years, but so far this year, the largest auto insurers have filed for rate decreases averaging about 6%, regulators said.

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Top 5 Strategies To Stabilize Commercial Property Market

Rough Notes

Operating in a market where premium increases are moderating from major hardening of a year ago [T]here are still likely potholes ahead. What is certain is that strategic layering, tech-driven storytelling, and creative risk solutions are no longer luxuries—they’re necessary tools of the industry.

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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Commercial Auto MGA Cover Whale Obtains $40M Equity Financing

Insurance Journal

Cover Whale Insurance Solutions, Inc., a managing general agency (MGA) focused on commercial auto isurance, announced $40 million in new equity financing from Morgan Stanley Expansion Capital.

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Surex.com Review: Digital-Friendly Insurance Company in Canada

Top Insurance Blogs

Surex.com stands out as one of the most dynamic and customer-friendly online insurance marketplaces in Canada, even evolving from its rural roots in Magrath, Alberta. This comprehensive review dives into everything Canadian policyholders need to know about Surex.com. From history and coverage options to growth metrics and customer appeal, you will learn a thing or […] The post Surex.com Review: Digital-Friendly Insurance Company in Canada appeared first on My Top Insurance Blogs.

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Inszone Acquires Beasy Insurance Services in California

Insurance Journal

Inszone Insurance Services acquired Beasy Insurance Services in California. Founded by Wendy Beasy in 2002, Beasy Insurance Services specializes in personal lines coverage placement throughout California and the Southwest.

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The 7 Best Driving Apps for Canadians Using Telematics [2025]

Top Insurance Blogs

Ten years ago, car insurance in Canada was a flat-rate system. Your premiums were calculated based on your age, location, driving record, and vehicle type, nothing more, nothing less. But in today’s tech-driven world, telematics has completely changed how insurance companies evaluate drivers. Thanks to smartphone apps and vehicle-installed telematics devices, insurers now reward drivers […] The post The 7 Best Driving Apps for Canadians Using Telematics [2025] appeared first on My Top Insu

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Marsh Japan Agrees to Acquire Mitsubishi Electric’s Insurance Agency

Insurance Journal

Marsh Japan has agreed to purchase Mitsubishi Electric Corp.’s in-house insurance agency, Mitsubishi Electric Insurance Service Co. Ltd., in a share transfer agreement that will be completed on Nov. 4. Financial details of the transaction were not disclosed.

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New Hospital Protection℠ Plan from Mutual of Omaha

PSM Brokerage

Introducing a Smarter Way to Help Clients Cover Hospital Costs New Hospital Protection℠ Plan from Mutual of Omaha Hospital stays can be stressful—for both your clients and their finances. That’s why we’re excited to share a new solution that helps agents like you offer better protection and peace of mind to your Medicare clients. ✅ Meet the Hospital Protection℠ Plan Mutual of Omaha’s Hospital Protection℠ plan is designed to fill the gaps left by traditional Medicare or Medicare Advantage coverag

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Industry Trades Throw Support Behind Bill to Affirm State Regulation of Insurance

Insurance Journal

The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to limit the authority of the Consumer Financial Protection Bureau and protect state regulation of the insurance industry. Rep.

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Which Province Has the Most Expensive Car Insurance in Canada?

Top Insurance Blogs

As a licensed insurance broker with over 10 years of experience working with Canada’s top insurers, I’ve reviewed thousands of car insurance policies. One question I get asked often is: “Which province has the most expensive car insurance in Canada?” The answer isn’t always as simple as quoting a single number. Insurance rates depend on […] The post Which Province Has the Most Expensive Car Insurance in Canada?

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Demotech’s Petrelli Responds to WSJ Article. Others Say it Echoes Old Concerns

Insurance Journal

Reactions to a recent Wall Street Journal article, which faulted the Demotech rating agency for giving top marks to a number of insurance carriers before the insurers went insolvent in recent years, has been mixed and muted.

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It’s time for a National Personal Cyber Insurance Scheme to better support consumers – Draft

Elmore

It’s time for a National Personal Cyber Insurance Scheme to better support consumers Retailers have long been in the crosshairs of hackers. They are attractive targets because they have an. The post It’s time for a National Personal Cyber Insurance Scheme to better support consumers – Draft appeared first on Elmore Insurance Brokers.

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Former Baltimore County Insurance Agent Charged With Crimes for 4th Time

Insurance Journal

In the fourth set of criminal charges filed against him since last September, a former Baltimore County insurance agent and financial advisor has been charged with obstruction of justice and fabricating physical evidence, Maryland Attorney General Anthony G. Brown reported.

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Blog Post: Toxic Assets or Smart Deals? Mastering Environmental Risk in M&A

LexisNexis

In today’s deal-making space, environmental liabilities can be hidden landmines threatening post-closing value and operational integrity. Navigate the intricate terrain of M&A transactions where strategic environmental risk allocation becomes your shield against unforeseen liabilities. Explore how precision drafting, thorough due diligence, and smart indemnity strategies within transaction agreements can transform environmental risks into manageable exposures—protecting both buyer and seller

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Two Youths Killed, Two in Critical Condition After Barge Hits Sailboat in Miami

Insurance Journal

Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday.

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Life Insurance for Kids Explained: What Every Parent Should Know 

Agency Height

Life Insurance for Kids can be a smart long-term financial move. Discover the pros, policy types, buying steps, and expert-backed alternatives to help you decide what’s best for your child’s future.

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People Moves: Guy Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global Specialties; Tokio Marine HCC International Names Bridges as Chief Claims Officer

Insurance Journal

This edition of International People Moves details London-based appointments at the reinsurance broker Guy Carpenter and the insurer Tokio Marine HCC International. A summary of these new hires follows here.

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The New Marketplace for Insurance Agencies: How Digital Platforms Are Changing M&A 

Agency Height

Discover how digital platforms are revolutionizing insurance agency mergers and acquisitions in 2025—faster deals, lower fees, and broader

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World Acquires Louisiana’s Lighthouse Insurance Agency

Insurance Journal

World Insurance Associates LLC announced that it acquired the business of Lighthouse Insurance Agency of Madisonville, Louisiana on March 1, 2025. Terms of the transaction were not disclosed.

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Houthis say they hold 10 crew from Eternity C

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Houthis say they hold 10 crew from Eternity C appeared first on Insurance Marine News.

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Most Affordable Sedans And Subcompacts to Insure This Year, According to Mercury in California

Insurance Journal

Sedan and subcompact crossover models are listed among the year’s most affordable vehicles to insure, including two from Hyundai Motor Group and two Nissans, according to a list out on Tuesday from Mercury Insurance.

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Dual fuel ships leading to increase in claims, says legal firm

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Dual fuel ships leading to increase in claims, says legal firm appeared first on Insurance Marine News.

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Blog Post: Navigate the AI Legal Landscape: Discover the Latest in State AI Legislation!

LexisNexis

Find out what’s new in our recently updated AI Legislation State Law Survey covering enacted state legislation spanning numerous AI-related topics and industries including consumer privacy, consumer protection, government, labor and employment, insurance, and healthcare. Read now » Related Content Generative Artificial Intelligence (AI) Resource Kit Check out this resource kit for an overview of current Practical Guidance content on generative AI, ChatGPT, and similar tools.

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Brazil updates biofouling guidelines to match international norms

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Brazil updates biofouling guidelines to match international norms appeared first on Insurance Marine News.

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AI May Be Needed to Fight Back Against Deepfakes Threat

Insurance Journal

The phone rings. It’s the secretary of state calling. Or is it? For Washington insiders, seeing and hearing is no longer believing, thanks to a spate of recent incidents involving deepfakes impersonating top officials in President Donald Trump’s administration.