The insurance industry is at a crossroads. A significant portion of the workforce is nearing retirement (of almost one million licensed agents and brokers, the average age is 45.9 years old, according to Agent Methods). Although the Big “I” and other insurance organizations reach out to the younger generation, many show little interest in joining the field. In short, the insurance brain drain I…
Disabilities on the Rise in the U.S. Offering your insureds individual disability protection can help them recover after an unexpected accident or illness. The average wait time for a SSDI determination is 7.9 months. Can your clients afford to pay their bills if they are sidelines from their employment?
In honor of Valentine’s Day (but useful year-round), this article explores how to make the most of your workforce to retain them and bolster performance.
Insurance for motels and hotels has become more complex and costly, not just for the property coverage, but for liability coverage, as well. In fact, many times the underwriter’s first reaction is not “No,” it’s “Heck, no!”
In today’s hard market, getting an underwriter’s attention is harder than ever. This article from a highly experienced underwriting consultant can help you get your application to the top of the inbox. For emerging agents, this is a must-read article. For any of you frustrated with underwriting response time or lack of response, this article…
The insurance industry, traditionally reliant on face-to-face interactions and in-office work, has been compelled to adapt to the realities of remote work and virtual hiring, especially in the wake of the COVID-19 pandemic. This shift has brought about numerous challenges and opportunities. In this article, we will explore the benefits, challenges, and strategies for navigating…
Here are some holiday tips to help your insureds get through the holidays safely.
This expert witness jumped headfirst into her line of work. As she learned more about the insurance business from a legal standpoint, she was concerned to see how exposed agents are to errors & omissions (E&O) lawsuits. And thinking back, she realized how little training agents receive to protect themselves. Read on for E&O tips…
We are all busy, I get it. However, with coverage and court decisions changing at lightning speed, we all need to stay up with current court decisions and coverage issues. For your reading pleasure, in this article we recommend several important insurance newsletters penned by various authors.
Why would an agency owner want to undertake an agency errors & omissions audit? Read this auditor’s top reasons an agency should embrace the practice of an internal audit by an external consultant or trained internal employee.
