Insurance News, Articles & Standpoints

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Insurance Risk Reduction Explained

Risk reduction – also known as loss mitigation – allows organizations and individuals to effectively manage the risk of loss they inevitably encounter as they operate in their industry.

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Get a limited offer from Phonexa ahead of InsurTech 2021!

One of the world’s largest insurtech events is coming back… Welcome ITC conference in October 2021! What is InsureTech Connect 21? InsureTech Connect 21 is a unique meeting+conference, bringing together everyone involved in the insurance industry. More than 30,000 insurance leaders and innovators, entrepreneurs and investors looking to reshape the industry will gather at the […]

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Insurance Twisting, Churning, and Sliding: How to Not Let Cunning Agents Twist You Around

Insurance twisting is when an insurance agent intentionally convinces you to switch to an allegedly better insurance policy, although it would only benefit one party – the agent. Simply put, you are deliberately tricked into buying insurance policies that you don’t need.

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Hiring an Attorney for an Insurance Claim: What Are the Odds of Positive Outcome?

Navigating an insurance policy can be challenging, especially if you incur a significant loss. It is no secret that policies can be confusing. Apart from that, insurance providers often exercise their right to deny claims. But what makes things worse is that some providers do that to maximize their profits. The outcome of such cases […]

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A Practical Guide To R&W Insurance: What Buyers & Sellers Should Know About Its Role In M&A

The landscape of M&A has been dramatically transforming in times of the COVID-19 pandemic. Apart from the temporary market unpredictability, companies had to get used to the changing due diligence process and increase in litigation. But despite that, the reps and warranty insurance saw an increase in demand. Let’s take a closer look at the […]

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Insurance Sliding: How Do You Know That You Haven’t Been Overcharged?

When it comes to illegal or deceptive practices in the insurance industry, it is not difficult to identify them—overcharging clients, making misleading statements, stalling, or minimizing claims. Naturally, federal law prohibits such fraudulent practices as sliding. For instance, the OIR in Florida issued a memorandum back in 2015 regarding the sliding practices in the insurance […]

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Dealing With Stalling Tactics: How To Handle Insurance Adjusters & Minimized Claims

Purchasing an insurance policy can make you feel safe and protected against various risks. But while you do not obtain a financial advantage in return for the premiums you pay, the moral benefits offset the risk expectation. Let’s be honest: insurance companies are in this business for money and not your moral benefits. That is […]

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Five Ways For Small Businesses To Prepare For Disasters

Imagine all the blood, sweat, tears, and money shed to start a small business. Imagine that a disaster strikes, and all that hard work goes up in flames, washes away in flood, or crumbles to the ground. Natural and artificial disasters will inevitably strike. The Federal Emergency Management Agency (FEMA) estimates that 40-60% of small […]

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Enrollment For Health Insurance Is Now Open In California

Health insurance enrollment has been recently re-opened in the state of California. This time, the government is offering significantly lower premiums. The price is generally decreased by $1,000 and even more in specific cases. The state exchange typically provides access to insurance once a year. The Coronavirus relief package signed recently by President Biden made it […]

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5 Benefits of Joining a Professional Insurance Association

You’ve put in the hard work to start your own insurance agency. You have customers who trust you and who give you repeat business. You don’t have many employees, but you have capable and competent producers and support staff on your team. Could you still be missing a critical factor for your continued success? Here’s […]

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