A LexisNexis report illustrates that the secret to moving toward a touchless claims process may be through a hybrid model—and that insurance carriers can do more to turn virtual claims processing into a competitive advantage.
Is there an exception to the bird damage exclusion if the homeowners tried but were unable to remove the birds because they are a federally protected species?
The most profitable line of property-casualty insurance over the past five years was mortgage guaranty insurance, according to a study by AdvisorSmith. Commercial auto liability was the least profitable.
“Flood insurance is very important for overall risk management,” says independent agent Ryan Andrew. “My agency works to educate clients on the importance of flood insurance even if they don’t live on the coast or near a large body of water.”
Rates continued their upward climb in the first quarter of 2021, with significant increases in umbrella liability, directors & officers and professional liability.
Is there errors & omission coverage for recommending a life settlement option? The answer is “yes” and “no.”
Is the use of a homeowners policy to provide coverage on single-family home under construction, renovation or reconstruction common? What problems are presented by using homeowners instead of builders risk policies?
Access to highly predictive data yields fair, competitive insurance prices for everyone in your community.
The drive to find more affordable coverage was amplified during 2020 as many consumers looked to trim expenses. This has stabilized in 2021 with a return to pre-pandemic trends in shopping and claims.
With today’s technology enhancements, writing life insurance can help drive additional revenue from your current book of clients or create new opportunities altogether.
