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Become an Attractive Risk for Underwriters

Insurance Journal

Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. This post is part of a series sponsored by TSIB. If they are going …

Risk 246
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Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens

Insurance Journal

As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New York City. “They’re seeking diversification in the standard …

Cyber 189
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Pro Tips for getting insurance Carrier Appointment for a new agency

Friendly Agent

So you have taken your insurance exam and got a license to sell insurance. Now, you want to start selling insurance? Before you do, you need to get an insurance carrier appointment. What is an insurance carrier appointment? How to get a direct insurance carrier appointment as a new 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. This research addresses one main question: Do crime scores accurately predict property-specific crime risk? Read the full report here.

Crime 52
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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?

Agents 52
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Workers’ Comp Is a Team Sport: Understanding the Puzzle of Stakeholders

AMAXX

Insurance Carrier The carrier underwrites the policy and carries the financial risk for claims (in guaranteed cost programs). They’re also known as the insurer or underwriter. For self-insured employers, the TPA is typically the frontline claims handler.

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

An increase in construction also means an increase in financial risk. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing. What Does Distinguished’s Builder’s Risk Cover?

Risk 52