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

Zywave

He highlighted the bifurcated nature of the market, with profitability in workers’ compensation being offset by severe issues in general liability and auto lines. He noted that while the workers’ compensation market remains competitive, general liability, auto, and excess lines are increasingly difficult to place.

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Google My Business Guide for Insurance Agents: Generate More Leads and Drive Local Traffic

Agency Height

“With the new construction coming on Main Street, it is a good time for local businesses to review their general liability.” ” Carrier-Specific Marketing: If you’re one of the few agents in your area representing a specific carrier, highlight that.

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How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. Crime scores treat all crimes as equal, thereby failing to take into account heightened general liability risk associated with certain types of crime.

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What is Subrogation and How Does it Work?

Bankers Insurance

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss. WHEN DOES SUBROGATION OCCUR?

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How to become an insurance agent? Ultimate guide

Friendly Agent

Agents who sell insurance policies of the commercial type provide coverage to business owners with their property insurance, general liability insurance, and other kinds of coverage. How to get appointed by an Insurance Carrier? These fields are centered on covering families and individuals.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Addressing the Discrepancy To address the discrepancy between outdated property valuations and current market conditions, insurance carriers are implementing measures to ensure that property values are assessed accurately. Social inflation and rising claim costs are top concerns for liability insurers.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Insurance carriers often offer access to risk management tools, training programs, and support lines to help companies prevent and effectively manage employment-related issues. The policy extends coverage for a specified period, typically one year, and can be renewed annually. What does EPLI not cover?