Sat.Feb 01, 2025 - Fri.Feb 07, 2025

article thumbnail

How to Choose the Right Final Expense FMO

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. If youre serious about selling final expense insurance , partnering with the right Final Expense Field Marketing Organization (FMO) is one of the most important decisions youll make. A great FMO provides carrier access, training, marketing support, and business transparency, all of which are crucial for your long-term success.

Agents 130
article thumbnail

City of London Hit Harder Than Rest of Economy Since Brexit Vote

Insurance Journal

The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the rest of the economy in the years following the Brexit referendum. Financial and insurance output has grown just 2.

Insurer 278
Insiders

Sign Up for our Newsletter

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

article thumbnail

Is State Farm Financially Struggling? A Deeper Look at Its Corporate Structure and Growing Losses—Should Policyholders Dump State Farm?

Property Insurance Coverage Law

For decades, State Farm has been one of the most recognized and trusted insurance brands in the United States. With its ubiquitous advertising and promises of being “like a good neighbor,” it has long cultivated an image of financial strength and stability. However, an article in Claims Journal,State Farm Seeking Interim 22% Rate Hike for … The post Is State Farm Financially Struggling?

article thumbnail

Does my Landlords Insurance Policy cover terrorism

Prof. Allan Manning

This is the fourth post in a series that looks at the coverage afforded by various types of insurance products. The series was prompted by a large number of requests for clarification following the senseless attacks that are going on predominately in Melbourne and Sydney. These attacks would appear to fall within the definition of terrorism as set out in legislation.

Policy 173
article thumbnail

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 solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

article thumbnail

Average Final Expense Commission Levels for Independent Agents

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense insurance is one of the most lucrative life insurance markets for independent agents, offering high commission payouts, fast approvals, and steady client demand. If youre considering selling final expense insurance , understanding how commissions work is essential to setting realistic income expectations and growing a successful business.

Agents 130

More Trending

article thumbnail

Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Property Insurance Coverage Law

Jeff Raizner is one of my favorite colleagues from Texas. He has always welcomed me since I first stepped foot in Texas. We speak deeply about policyholder issues and his heart is always in the right place. We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage 182
article thumbnail

9 Characteristics of Transitional Duty Assignments in Workers’ Comp

AMAXX

A structured Return-to-Work (RTW) program is one of the most effective ways to reduce workers’ compensation costs and improve employee recovery outcomes. Transitional duty assignments , a core component of RTW programs, allow injured employees to remain engaged in meaningful work while they recover. These assignments help businesses manage claims costs, reduce lost workdays, and maintain workforce productivity.

article thumbnail

What is Vector One?

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. For insurance agents, managing chargebacks and financial obligations responsibly is a crucial part of building a successful career. One of the most significant consequences of unpaid debt in the insurance industry is being reported to Vector Onea reporting agency that tracks outstanding producer debt.

Agents 130
article thumbnail

Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

Insurance Journal

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations.

article thumbnail

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

article thumbnail

Is State Farm Financially Struggling? A Deeper Look at Its Corporate Structure and Growing Losses—Should Policyholders Dump State Farm?

Property Insurance Coverage Law

For decades, State Farm has been one of the most recognized and trusted insurance brands in the United States. With its ubiquitous advertising and promises of being “like a good neighbor,” it has long cultivated an image of financial strength and stability. However, an article in Claims Journal,State Farm Seeking Interim 22% Rate Hike for … The post Is State Farm Financially Struggling?

article thumbnail

Insurance for Contractors in the Midwest: What You Need to Know

Central Insurance

Discover risk management strategies and essential insurance for contractors in the Midwest. The post Insurance for Contractors in the Midwest: What You Need to Know appeared first on Central Insurance Blog.

Insurer 130
article thumbnail

Final Expense Agent’s Guide to Understanding the Funeral Market

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. For insurance agents selling final expense policies , staying informed about the funeral industry and consumer trends is essential. The more you understand about how people are planning and paying for funerals, the better you can position final expense insurance as a solution for your clients.

Agents 130
article thumbnail

Property-Catastrophe Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs

Insurance Journal

RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfiresand anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at 1/1.

246
246
article thumbnail

Insurance Adjusters and Estimators—Do You Really Understand Construction Specifications? Learn From the Construction Specification Institute

Property Insurance Coverage Law

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. He recently wrote an International Risk Management Institute n/k/a IRMI article, General Requirements versus General Conditions. He stated the following: Both general requirements and general conditions are indirect costs of construction but are essential to the overall execution of a construction project. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

article thumbnail

Homeowner Association Insurance: The Four Policies You Need

Central Insurance

Learn why Homeowner Association Insurance is essential, the key policies HOAs need, and how to protect your community. The post Homeowner Association Insurance: The Four Policies You Need appeared first on Central Insurance Blog.

Policy 130
article thumbnail

Don’t Mistake This Common Mistake When Selling Final Expense

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. One of the most common mistakes I see in the final expense insurance industry is agents trying to diversify too soon, before they have developed real competence in final expense sales. This is one of the quickest ways to stall your progress and ultimately fail.

Agents 130
article thumbnail

Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist

Insurance Journal

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil.

Marine 257
article thumbnail

Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage

Property Insurance Coverage Law

Some people accuse me of collecting boats the way others collect coffee mugsexcept instead of cluttering up my kitchen cabinets, theyre taking up space in marinas, driveways, and any patch of water I can find. With six sailboats and a motorboat, I consider myself an enthusiast, though my insurance agent probably sees me as a … The post Boatowners Beware!

Policy 183
article thumbnail

Renovations and Home Insurance: What You Need to Know

Boyle Agency Insurance

Whether you’re planning a small makeover or a major remodel, understanding the insurance implications can help you protect your investment. Embarking on a home renovation project is an exciting endeavor that can breathe new life into your living space and add value to your property. However, amidst the anticipation and creativity that renovations bring, it’s crucial not to overlook the impact they can have on your home insurance.

article thumbnail

Startup Costs For a Final Expense Agency

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense sales is a business, and like any business, it requires proper planning, budgeting, and execution. If you dont treat it seriously, you will struggleand someone will be there to say, I told you so. One of the biggest factors in your success is lead investment.

Agents 130
article thumbnail

People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders

Insurance Journal

This edition of International People Moves details appointments at Willis and Arch Insurance UK. A summary of these new hires follows here.

Risk 236
article thumbnail

Keeping Up with New Appraisal Procedures and Law? Don’t Miss the IAUA Conference February 19-20

Property Insurance Coverage Law

Appraisal policy language is changing, and more case law is being developed at a faster rate than ever.These issues and lessons will be analyzed with the Insurance Appraisal and Umpire Association (IAUA), which will be hosting an educational and certification conference on February 19-20 at the StreamSong Golf Resort.I will be debating insurance defense attorney … The post Keeping Up with New Appraisal Procedures and Law?

article thumbnail

Blog Post: Measurable Legal Team Metrics Drive Decision-making

LexisNexis

Mature legal departments use data to drive strategic decision-making, but how should legal team metrics be set up and measured? Enterprise legal management software is a technology that runs a corporate legal department. It helps deliver the data from legal team metrics culled from key performance indicators, measurable goals, and analysis of various factors including legal spend, billing and invoicing, contract life cycle , workflow management, and matter management outcomes, among other analyt

52
article thumbnail

Final Expense Target Market

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense insurance serves a large and diverse market, primarily made up of individuals who want to ensure their loved ones are not burdened with funeral costs and other end-of-life expenses. Many people simply cannot afford a pre-paid funeral, do not want a funeral home controlling their trust, or are looking to protect their life savings.

Agents 130
article thumbnail

Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake

Insurance Journal

Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors.

Insurer 231
article thumbnail

From Exclusions to Coverage: Court Says No to Insurer’s Overly Broad Use of Exclusions

Property Insurance Coverage Law

In a recent case from the Wisconsin Court of Appeals, Cincinnati Insurance Company v. Ropicky, 1 the court held that insurers may not deny legitimate claims based on policy exclusions that the insurer has broadly applied. The court emphasized that when policy language includes exceptions that restore coverage, insurers may not broadly deny coverage and … The post From Exclusions to Coverage: Court Says No to Insurer’s Overly Broad Use of Exclusions appeared first on Property Insuranc

article thumbnail

Blog Post: The Causal Effect of Attorney Representation on Workers’ Compensation Payments

LexisNexis

By Christopher Mahon, LexisNexis Legal Insights Contributing Author A September 2024 study from the Workers Compensation Research Institute indicates that workers represented by an attorney in workers compensation claims receive substantially more payments than workers who are not represented by an attorney. Prior studies have analyzed the association between attorney representation and paid indemnity benefits, and those studies have also concluded that attorney representation increases workers

article thumbnail

Turbocharged Takeaways: Latest Platform Updates (February 2025)

Agency Revolution

In this edition of Turbocharged Takeaways, we’ll give you a tour of the Fastlane Features that were recently released. These are the latest platform updates for Forge and Fuseenjoy! Featured Forge Release Here are the latest Forge release to pay attention to. We’ve changed the way you engage in website blogging, now backed by a powerful AI tool to simplify the process.

article thumbnail

Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh

Insurance Journal

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

article thumbnail

Insurance Adjusters and Estimators—Do You Really Understand Construction Specifications? Learn From the Construction Specification Institute

Property Insurance Coverage Law

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. He recently wrote an International Risk Management Institute n/k/a IRMI article, General Requirements versus General Conditions. He stated the following: Both general requirements and general conditions are indirect costs of construction but are essential to the overall execution of a construction project. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

article thumbnail

Blog Post: Vendor Management Best Practices For Legal Operations

LexisNexis

Vendor management best practices vary from legal department to legal department. Regardless, the common threads among them all are to improve management of vendor relationships, manage legal spend and determine which vendors earn contracts. These, and other considerations in vendor management systems best practices, are crucial for legal departments and legal operations teams seeking to optimize the law department.

License 52
article thumbnail

Strengthening Your Business through Strategic Insurance Referral Partnerships

Protect Commercial Insurance

Introduction Running a business isn’t just about selling products or services; its also about building relationships and growing together. One way to strengthen your business is through strategic insurance referral partnerships. These partnerships can create a robust network that not only enhances your services but also boosts your credibility in the marketplace.

Insurer 52