5 Tips for Working with an Underwriter to Build a Successful Niche Practice
Here are five ways agents and underwriters can work together to build a niche that’s profitable and sustainable.
Commercial Lines
Is Flooding From a Broken Water Line Considered Surface Water?
A commercial insured’s showroom was flooded after a demolition contractor broke a water line while demolishing an adjacent building.
From the Front Lines: Health Care
“The out‑of‑pocket maximums keep climbing, and the cost follows in lockstep,” said independent agent Matt Brown. “Even with a large population receiving tax credits on the individual market, the remaining premiums remain a burden for most.”
4 Tips for Agents Looking to Grow Their Supplemental Health Care Book of Business
As health care costs continue to rise for many Americans, employers increasingly view supplemental health benefits as crucial for recruitment, retention and employee satisfaction.
Should Overseas Virtual Assistants Be Included in a Workers Comp Policy?
A Missouri-based commercial lines client uses virtual assistants in the Philippines. Does the virtual assistants’ wages need to be added to the company’s workers compensation policy?
Rising Homeowners Coverage Gaps Underscore Agents’ Expanding Role
As homeowners contend with inflation, extreme weather and increasingly complex coverage needs, new reports from Nationwide and The Hanover reveal widening gaps in insurance coverage—and an expanding role for agents helping clients navigate today’s risk environment.
Why Health Care Premiums Continue to Rise
Prescription drugs play a significant role in increasing health care costs, with Americans spending approximately $98 billion out of pocket on prescription drugs, a 25% increase over the past five years.
Safety Perception Gap Between Small Business Employers and Employees
While 63% of employers said they provide structured safety training, only 29% of employees report receiving it regularly—and 28% say they have never received formal workplace safety training.
Arch Introduces New Supplemental Health Insurance Products
Insureds will be reimbursed for expenses incurred up to their selected benefit limit. Additionally, there is no medical underwriting required to obtain coverage.
Medicare Advantage Providers Withdraw and Cut Agent Compensation
In response to providers significantly reducing or eliminating agent compensation, the Big “I” voiced its concerns in joint letters to Congress and to the Centers for Medicare and Medicaid Services.
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