Scott Insurance

OCTOBER 28, 2020

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. The post How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry appeared first on Scott Insurance.

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Crime Insurance Carrier Risk General Liability 52

Distinguished

APRIL 9, 2025

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?

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Agents Broker-Agent Broker Underwriting 52

Redbird Agents

AUGUST 28, 2023

Navigating the insurance landscape can be challenging for insurance agency owners. From understanding various acronyms and abbreviations like IMO, FMO, and MGA, to managing relationships with insurance carriers, there is a lot to consider. Frequently Asked Questions What is an IMO in insurance? Yes, I need an IMO!

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Insurance Agency Insurance Carrier Insurance Agent Insurance Agents 130

Agency Revolution

AUGUST 21, 2024

Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector. Prior to joining Agency Revolution, Dan spent 20 years at Nationwide where he served in management roles for commercial underwriting, loss control, sales automation and technology, and business architecture.

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Broker-Agent Insurance Carrier Insurance Agent Insurance Agents 105

AMAXX

MAY 26, 2025

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. Key Players in the Workers Comp Ecosystem Heres a closer look at the major participants and how they fit into the puzzle: 1.

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Workers Comp Workers Compensation Injury Claim 66

Scott Insurance

FEBRUARY 27, 2024

Causes of the challenging property insurance market include: Higher rates of inflation and construction costs which are driving significant replacement cost increases. Uneven investment profits causing insurers to pursue underwriting profit, which translates to stricter underwriting criteria and declined submissions.

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Deductible Underwriting Underwriter Property Insurance 52

American Agents Alliance

APRIL 3, 2025

Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. This could cause higher rates in commercial property and homeowners lines. This could create the need for frequent rate changes, adding to consumer uncertainty.

Agents 52

Agents Policyholder Premium Auto Insurance 52

AMAXX

JANUARY 13, 2025

Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk. Lets explore the roles of these critical players in a workers’ compensation system.

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Workers Compensation Compensation Workers Comp Broker-Agent 98

Agency Revolution

AUGUST 21, 2024

Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector. Prior to joining Agency Revolution, Dan spent 20 years at Nationwide where he served in management roles for commercial underwriting, loss control, sales automation and technology, and business architecture.

Broker-Agent 52

Broker-Agent Insurance Carrier Insurance Agent Insurance Agents 52

TGS

OCTOBER 3, 2023

TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.

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Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Risk Management Monitor

AUGUST 9, 2022

In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v. In that case, a hotel filed a lawsuit against its insurer for refusing to cover hail-related roof damage under a commercial property insurance policy. Lowen Valley View, L.L.C.

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Damage Claim Commercial Property Insurance Policy 78

Agency MVP

DECEMBER 20, 2021

Continue reading to enhance your efforts to sell P&C insurance right from the comfort of your own home. Trends in Property and Casualty Insurance Most insurance companies are making the underwriting and policy issuance process simpler and more streamlined. Overall, premiums have become less expensive as well.

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Insured Insurer Insurance Agents 52

TGS

SEPTEMBER 11, 2023

TGS Insurance » Blog With hurricane season in full force, South Carolina residents living on the coast must protect their homes from the upcoming storms. Understanding how windstorm insurance works in these areas is the first step in adequately protecting your home. Why Would I Have to Get South Carolina Wind Pool Insurance?

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Out-Of-Pocket Insured Insurer Insurance 52

American Agents Alliance

NOVEMBER 15, 2024

In California and other high-risk areas, carriers may offer geospatial mapping tools and other solutions to help mitigate and manage wildfire exposures. Proactively solve problems alongside carrier partners. Position your agency as a valuable and reliable partner to strengthen relationships and improve outcomes when working together.

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Building Agents Broker-Agent Policyholder 40

Word & Brown

NOVEMBER 12, 2024

An FMO provides insurance brokers with support and connects them with a roster of insurance carriers – offering a range of products and services. A 2024 article published by PeopleKeep features an overview of FMOs and the role they can play for insurance professionals.

Broker 52

Broker Broker-Agent Insured Insurer 52

Scott Insurance

APRIL 21, 2020

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Materially modifying production and assembly lines to provide desperately needed PPE products could change risk considerations and impact an organization’s insurability.

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InsuredMine

MARCH 26, 2024

Insurance companies recognize the imperative to invest in modern digital technologies to achieve their goals of cost reduction and revenue growth. Insurance carriers recognize the importance of investing in future-proof architecture, characterized by open APIs and low-code systems that easily integrate into broader technology ecosystems.

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Insured Insurer Insurance Insurance Industry 52

ProWriters

JANUARY 3, 2024

Consequently, this compounds and drives up the average D&O Insurance premiums specific to these sectors. 2024 Outlook for D&O Premiums As 2024 approaches, the D&O Insurance market anticipates continuing from a once-volatile rate environment to more stable conditions.

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Premium Cyber Insured Insurer 52

Property Insurance Centre

JANUARY 4, 2024

. “Insureds need to be aware of the potential risks they face and work closely with their insurers to understand the coverage limitations and take proactive measures to protect their properties.” Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Word & Brown

NOVEMBER 7, 2024

For example, ask about their current insurance plan (if any) and any issues they have encountered while covered under that plan. It’s important you create a connection with your customers, so they believe you are working for them – not for yourself and not for the insurance carriers.

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Out-Of-Pocket Broker-Agent Insured Insurer 52

Tosten Marketing

SEPTEMBER 12, 2023

It allows you to inform them about what is happening in real time in your state insurance market. Simply communicating to your customers that rates are up, underwriting is tightening, or an insurance carrier is pulling out of a state is a great way to be proactive. Aim to get 3-10 new Google reviews per month.

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Distinguished

SEPTEMBER 25, 2024

When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurance carrier to another.  This is where Builder’s Risk becomes essential.

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Risk Broker-Agent Insured Insurer 52

Smart Insurance Agents

OCTOBER 16, 2024

Furthermore, most broker services are free to consumers since brokers are compensated by insurance carriers. The Role of Health Insurance Brokers in the Market Health insurance brokers play a pivotal role in the health insurance market, acting as a crucial link between consumers and insurance companies.

Insurance Broker 52

Insurance Broker Broker Broker-Agent Out-Of-Pocket Expense 52

Majesco

APRIL 11, 2024

If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable. This isn’t just because of the size of their expense ratio.

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Commercial Property Risk Claim Deductible 40

Insurance Journal

MAY 18, 2025

By Elizabeth Blosfield 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 …

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Cyber Liability Insurance Carrier Underwriting 243

Insurance Journal

MAY 26, 2025

While some insurance companies in Florida and beyond have balked at writing properties with rooftop solar panels, FM Global says it has pioneered an idea that may help a testing system that certifies panels for fire and hail resistance.

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Underwriting Underwriter Insurance Companies Insured 260