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US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood

Insurance Journal

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

TGS Insurance » Blog Do You Need to Tell Your Homeowners Insurance About Home Renovations? When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent.

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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 a Managing General Agent (MGA) in Insurance?

Distinguished

Here are just a few of the ways that MGAs and insurance brokers differ: Underwriting and policy issuance : Traditional brokers sell insurance policies but must go through an insurer to get coverage approved. MGAs operate as an extension of specific insurers.

Agents 52
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How to become an insurance agent? Ultimate guide

Friendly Agent

You may find various types of personal insurance and commercial insurance policies. There are Property and Casualty, Life/health insurance, and more. Once the premium is earned, it will also be income for the insurance provider. How to get appointed by an Insurance Carrier?

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How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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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?