Today, agents are under more pressure than ever to make profitable risk submissions to underwriters, despite unpredictable weather patterns making property proposals more difficult to predict.
There are opportunities for agents to bring solutions to the vast numbers of Americans who are worried about saving for retirement, rising living costs and managing debt.
State Farm’s record underwriting loss was due to rapidly increasing claims severity and significant additions to prior accident year incurred claims.
Carriers are targeting rate increases of 8% or so on their books, with most of the increase needing to come in the lead layer.
While construction costs on single-family homes were up nearly 17% in 2022, 56% of homeowners have not reviewed their homeowners policy in the last year.
More and more homeowners may be considering making the change to powering their homes with solar panels. But what does that mean for homeowners insurance?
By addressing these misconceptions, you can ensure your customers won’t have a claim denied because they have the wrong coverage.
An insured vehicle is pulling an owned, non-insured trailer. An uninsured motorist ran a stop sign and broadsided the trailer pulled by the insured vehicle.
The social media trend led to a wave of vehicle thefts and forced two prominent insurance carriers to announce that they will be limiting applications for coverage.
AIG’s Private Client Group (PCG) business will move to this new independent platform and be rebranded as Private Client Select Insurance Services (PCS).
