Making sure clients clearly understand what is and isn’t covered can help prevent potential errors & omissions claims and reduce the likelihood of client dissatisfaction if a claim occurs.
If an agent in New York no longer represents a carrier, how long does the carrier need to remain on the customer’s risk for auto, home and umbrella?
Personal auto and homeowners helped propel the property & casualty market to a $61.2 billion underwriting profit and a combined ratio of 93. However, commercial auto and liability lines continue to face challenges.
“People are often signing policies they do not fully understand or avoiding coverage because no one explained it properly—that creates a major gap in protection and trust,” says independent agent Belma Medeiros. “When you take the time to explain coverage, clients begin to see it as protection for their family, assets and future.”
Economic pressures and volatility are challenging agents in the personal marine market amid shifting risk appetites and capacity constraints.
John “Jack” C. Roche retires after a distinguished 40-year career in the insurance industry.
The solution enables carriers to proactively deliver renewal quotes directly within Applied Epic before agencies begin the remarketing process.
Local catastrophes caused intense regional volatility, according to Verisk, but overall lower claim volume contributed to the property & casualty industry’s strong first-quarter results.
By spending less time on administrative work, independent agents can dedicate more energy to supporting clients and strengthening relationships.
The policy provides flood-only coverage for homes and personal property, protecting homeowners from flood risks not covered by standard homeowners or renters insurance.
