Property Insurance Coverage Law

AUGUST 19, 2024

That is exactly what the insurance industry has accomplished in Florida with recent changes in law. Most would be laughed out of town.

Policyholder

LexisNexis

SEPTEMBER 17, 2024

With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies. Indeed, AV technology could upend the very foundations of the car insurance industry. First, some basics.

Auto Insurance

Frankenmuth Insurance

JUNE 20, 2024

These high ratings represent Best’s assessment of Frankenmuth Insurance Company and its property and casualty insurance subsidiaries: Ansur America Insurance Company, ASure Worldwide Insurance Company, Fortuity Insurance Company, and Patriot Insurance Company.

Casualty Insurance

American Agents Alliance

FEBRUARY 7, 2025

One of the most challenging and unpredictable issues facing the insurance industry lately is social inflation. This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation.

Broker-Agent

InsuredMine

JULY 19, 2024

In this context, understanding why customers might leave and taking preemptive steps to prevent churn has become a strategic imperative for insurance companies. This innovative approach combines big data, machine learning, and advanced statistical techniques to forecast which policyholders are likely to discontinue their coverage.

Risk

Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Finally, toward the end of 2023, reinsurance rates rose by as much as 40% as companies sought to recoup increased losses from recent years.

Home Insurance

Leadsurance

AUGUST 1, 2023

What is gamification and how does it relate to the insurance industry? In the insurance industry, gamification can be used to enhance customer engagement, boost sales performance, and improve customer loyalty and retention. How can gamification benefit insurers?

Insurance Companies

Property Insurance Centre

MARCH 19, 2024

The Importance of Consumer Education Consumer education is a critical aspect of making informed decisions regarding insurance coverage and navigating the complexities of the insurance industry. By gaining insurance knowledge , individuals can protect their property effectively and avoid falling victim to insurance scams.

Property Insurance

Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

Property Insurance

Protect Commercial Insurance

DECEMBER 6, 2024

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. With data breaches, ransomware, and cyber espionage on the rise, cybersecurity has become a critical focus for companies worldwide.

Commercial Insurance

Redbird Agents

NOVEMBER 1, 2023

The insurance industry and every other industry has been outflanked by rampant new technology in the last 30 years that has given control of the purchasing steering wheel to the customer. Long wait times, unresponsive agents and lethargic insurance agencies are in their rear view mirrors.

Agents

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. Notice of intention to sue is also down by double digits. It’s working, so let’s learn from that.”

Out-Of-Pocket

Constant Contact

NOVEMBER 17, 2020

Whether you’re new to the insurance industry or have been at it for decades, in order to keep your business growing, you need to understand insurance marketing almost as well as you understand insurance. Include news about the insurance industry that may impact customers.

Insurance

Triple-I: Homeowners Insurance

JUNE 26, 2024

. – the state-run insurer of last resort and currently Florida’s largest residential insurance writer – has swelled with new business and lawsuits. Citizens’ depopulation efforts to move policyholders to private insurers contributed to policy counts falling to 1.23 million by the end of 2023.

Premium

InsuredMine

FEBRUARY 15, 2024

Brian Duperreault, CEO of AIG, once said, “The insurance industry is in the midst of a technological revolution. How can the insurance industry be left behind? This is where the approach to insurance operations is revolutionizing the way insurance companies operate and engage with customers.

Agents

Majesco

APRIL 25, 2024

For insurers, the grand slam is an exceptional customer experience with optimized operations. When a policyholder feels heard, when a claim is resolved swiftly, when premiums align with value—those are the grand slams insurers aim for. Why is GenAI the hottest topic in the industry?

Premium

Redbird Agents

JULY 9, 2024

It’s a common misconception that becoming an insurance agent is an easy path to success. Statistics from the insurance industry reveal a different story. Roughly 10 percent of independent insurance agents generate the vast majority of insurance sales, leaving many to question the viability of this career path.

Insurance Agent

Redbird Agents

JUNE 14, 2024

Unless you’re securities licensed and registered with FINRA, you cannot market your services as financial planning as fixed and indexed annuities are insurance products. Agent’s falsifying as financial planners is a common problem in the insurance industry, make sure you are working within all your compliance guidelines.

Life Insurance