Prof. Allan Manning

FEBRUARY 10, 2025

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate. of their loss.

Business Interruption

AMAXX

FEBRUARY 18, 2025

These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. What Are Classification Rules?

Workers Compensation

AMAXX

MARCH 24, 2025

When an employer receives a revised workers’ compensation premium bill, the accuracy of the bill can be uncertain and confusing. To ensure fairness and correctness, an independent premium audit is highly recommended. Payroll Information A critical step in any premium audit is the review of an employer’s payroll.

Workers Comp

Splash: Finance and Insurance

APRIL 9, 2025

The documentary committee of BIMCO has approved revisions to its war risk clauses for voyage and time charters to reflect changes in the geopolitical challenges facing the shipping industry.

Risk

AMAXX

JULY 17, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Let’s look at how payroll and class codes affect your mod, and how to keep them accurate to protect your bottom line. means fewer-than-expected claims and lower premiums. A mod of 1.00

Workers Comp

Insurance Journal

JULY 23, 2025

Most households can absorb a modest two-to-three-percent premium bump, yet even small increases strain lower-income policyholders in some regions. This post is part of a series sponsored by Cotality. What reliably triggers consumer outrage is the sudden double-digit jump that …

Policyholder

Redbird Agents

FEBRUARY 3, 2025

Because of this, commissions tend to be higher than many other life insurance products, with most carriers paying between 80 percent and 120 percent of the annual premium in first-year commissions. Advanced Commissions: Provide fast cash flow but carry a higher chargeback risk if the client cancels early.

Agents

Majesco

FEBRUARY 13, 2025

Climate risk is growing, and a greater number of Cat events are threatening people and their property. Unsafe driving, inflation, and auto repair costs are responsible, in part, for rising premiums. Trend: The new era of risk demands new technology NAMIC, Moodys, The Institutes, and others are all talking about the new era of risk.

Risk

Protect Commercial Insurance

APRIL 11, 2025

Having coverage structured according to your specific needs and risks is not just a precautionit’s a powerful business strategy. Not every potential risk is covered under a standard policy. – Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks.

Commercial Property

Zywave

JUNE 5, 2025

The risk landscape is becoming increasingly complex, dynamic and unpredictable due to compounding factors like technological advancements, environmental challenges, and evolving legal and regulatory frameworks. Where is this high-risk path headed? How do we keep up and continuously adapt in the face of uncertainty?

Risk

Majesco

MARCH 13, 2025

Competing in todays marketplace requires a holistic view of advancement, including a complete grasp of internal and external risks. Most importantly, it requires rethinking your software partner and the risk involved in your partnership. Traditional thinking will not keep pace with market, customer, risk, and technology changes.

Risk

American Agents Alliance

MAY 26, 2025

Becoming a trusted risk advisor is about more than just delivering quotes and writing policies. Agents can differentiate themselves and add value to their services by helping policyholders proactively manage risk, not just insure it. Risk management solutions can help lower a policyholders total cost of risk and increase retention.

Agents

Protect Commercial Insurance

JUNE 6, 2025

Let’s delve into why this insurance is vital for sound risk management and peace of mind. Risk Management for UK Small Businesses Managing risks is an integral part of running a successful small business in the UK. Here’s a closer look at how UK small businesses can manage potential risks effectively.

Commercial Property

Distinguished

MARCH 20, 2025

Additionally, defects in windows, doors, handrails, and stairs not only contribute to drafts and security concerns but also increase the risk of falls. Blocked emergency exits or fire escapes and electrical hazards, including exposed wiring or overloaded circuits, further compound these risks.

Broker

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

This brief provides an overview of how several factors, including skyrocketing costs from litigation, pose risks to coverage affordability, availability, and other potential economic outcomes for Georgia residents. Data indicates that litigation costs have become a pervasive concern for risk management.

Commercial General Liability

Triple-I: Homeowners Insurance

JUNE 19, 2025

Triple-I CEO Sean Kevelighan in his opening remarks, noted that effective risk management depends on collaboration across stakeholder groups, as interconnected perils “present a community problem, not just an industry problem.” We’re talking about why premiums are where they are.” Who’s Financing Legal System Abuse?

Insurance

AMAXX

MARCH 24, 2025

In this final part of our series exploring the nine elements of independent premium audits, we turn our focus to specialized situations and nuanced adjustments auditors carefully evaluate. Auditors disallow estimates, making precise documentation vital to receiving the intended premium savings associated with this exception.

Workers Comp

Triple-I: Homeowners Insurance

JUNE 11, 2025

With homeowners insurance expenditures growing much faster than incomes over the past two decades, American households now dedicate an increasing share of their income to insurance premiums. Increased natural catastrophe risk represents a primary driver, with weather-related events becoming more frequent and severe.

Insurance

Triple-I: Homeowners Insurance

JULY 1, 2025

By Lewis Nibbelin, Contributing Writer, Triple-I Analysis based on granular, cutting-edge data is essential to staying ahead in our rapidly shifting risk landscape. percent year-over-year increase – home maintenance further weighs against the mounting costs of premium rates and property taxes across the U.S.,

Risk

AMAXX

JULY 15, 2025

Understanding the real impact of frequency versus severity on your experience modification factor (mod) is crucial if you want to keep your insurance premiums under control. Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” A mod of 1.00

Workers Comp

Triple-I: Homeowners Insurance

MAY 13, 2025

Insurers underwrite and price coverage based on the risks theyre assuming, and rising premiums in these states have pushed more homeowners into residual market mechanisms, such as state-backed insurance pools or agencies. Every property being assessed for wildfire risk is unique, the report says.

Risk

Tosten Marketing

FEBRUARY 27, 2025

Preventive Measures To protect your business further, implement preventive measures such as: Regular maintenance checks of plumbing and appliances Installation of water detection systems Conducting regular plumbing inspections Some insurers may even offer premium discounts for businesses that take these proactive steps.

Commercial Property

Simply Insurance

JUNE 28, 2025

They offer various discounts, including multi-policy discounts, that can save you money on your premium. Floods from a high-risk area may even exceed the entire value of your home. However, they are in the process of updating how they calculate risk and monthly premiums. When is FEMA changing the risk rating system?

Home Insurance

Cowbell

APRIL 16, 2025

Cowbell MDR SOC-as-a-Service actively works to reduce your risk and mitigate incidents before they cause damageoften lowering your insurance exposure and premium over time. Customize Your Plan: Well tailor a SOC-as-a-Service package based on your unique risk profile and business needs. Dont let cyber risks derail your business.

Cyber

Insurance Journal

MAY 25, 2025

After years of premium increases and market withdrawals, the right sizing of risk-to-profit is … This post is part of a series sponsored by AgentSync. P&C market summary It’s no secret the property and casualty (P&C) market is full of struggle.

Premium

Distinguished

MAY 6, 2025

For brokers, understanding inland marine insurance isnt just beneficial; its a strategic advantage for serving clients with unique risks. Brokers who understand these risks can proactively offer coverage that keeps businesses moving forward. Geographic scope: Local, interstate, or nationwide operations impact risk exposure.

Inland Marine Insurance

Triple-I: Workers Compensation

MAY 20, 2025

William Nibbelin, Senior Research Actuary, Triple-I Economic uncertainty, industry-specific trends, and evolving risks were the focus of the NCCI Annual Insights Symposium (AIS) 2025 a key event for the workers compensation industry. Key Findings Premium: Workers compensation net written premium decreased by 3.2 points in 2024.

Workers Comp

Zywave

JUNE 10, 2025

Zywave, a leading insurance technology provider, today announced its 2025 Summer Launch, introducing a suite of advancements designed to drive profitable growth and empower insurers and brokers in an environment of escalating risk.

Commercial Automobile

Distinguished

MAY 19, 2025

Restaurant owners face a complex set of risks that can disrupt operations and threaten profitability. Why Restaurant Need a Business Owners Policy Restaurants are fast-paced, high-risk environments that face frequent challenges from customer injuries and equipment breakdowns to power outages and spoiled inventory.

Policy

Distinguished

MARCH 6, 2025

Insurers view these violations as signs of deferred maintenance and increased risk. Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies.

Building

American Agents Alliance

JULY 20, 2025

This means agents can talk about risk management, changing exposures, and coverage options, rather than collect details like VINs and IDs. For example, if a policyholder has significant premium changes at renewal, add a flag to reach out before the automated notice is sent informing the policyholder of a large increase.

Policyholder

Simply Insurance

JUNE 12, 2025

Heres a quick look at how different benefit periods can affect your monthly premiums. Benefit Period Monthly Premium Notes 1 Year $50 Short-term coverage 5 Years $75 Medium-term coverage Until Retirement $120 Long-term coverage How Much Does a 2 Years Disability Insurance Policy Cost? Heres what you might expect to pay.

Insurance Quotes

Mark Jackson Insurance Agency

JUNE 16, 2025

Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim. Failing to Update Policies After Business Changes Growing your team, expanding your services, or purchasing new equipment all affect your risk profile.

Commercial Insurance

ProWriters

MAY 20, 2025

On the other hand, its becoming a powerful tool for insurers, helping to assess risk, detect fraud, and streamline claims. The question is: How do you price risk when attacks are becoming faster, smarter, and more unpredictable? More scrutiny on claims, as regulators push for clearer definitions of cyber risk coverage.

Cyber

AMAXX

MAY 19, 2025

The workers compensation system may feel like a complex web of insurance premiums, claims adjusters, and legal disputesbut at its core, its rooted in one simple idea: a compromise. Small companies especially found themselves at risk of being put out of operation entirely after just one major injury claim.

Workers Comp

Distinguished

MARCH 20, 2025

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. Without the right coverage, property owners could be exposed to significant financial and legal risks.

Building

Distinguished

MARCH 19, 2025

Mold & Water Damage are also major concerns; leaks or excessive moisture can lead to mold growth that poses health risks. Additionally, Electrical Hazards like exposed wiring or unpermitted electrical workpose serious safety risks. Insurers view these violations as signs of deferred maintenance and increased risk.

Building