This post is part of a series sponsored by Expert Insured. If every change in your system requires a support ticket, it’s already slowing you down-and costing you more than you think. At the Target Markets Mid-Year Conference in Dallas, we heard the same frustration over and over: “We want to move fast, but our system won’t let us.”“Every update-no matter how small-requires a support ticket.”“We’re tired of waiting in someone else’s queue.” This isn’t just annoying. It’s dangerous for MGAs trying to stay competitive in a fast-moving market. When Your System Can’t Adapt, Your Business Can’t Either If your…
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The Montana Legislature has approved a new measure requiring insurance companies operating in the state to disclose detailed wildfire risk score information when used to underwrite or rate residential property. House Bill 533, passed by the 69th Legislature and now enrolled, mandates that admitted insurers provide specific information to homeowners, applicants, or their insurance producers upon request. The statute is aimed at increasing transparency around how wildfire risk assessments are factored into decisions on property insurance coverage. Under the new law, insurers must share five key pieces of information: the current wildfire risk score assigned to the property, the full…
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By Loretta L. Worters, Vice President of Media Relations, Triple-I When Karla Scott first entered the insurance industry, she didn’t set out with a grand plan to become a leader in marine underwriting. “I fell into it,” she admits. Starting at a brokerage firm focused on logistics insurance, she quickly discovered a passion for global trade and cargo underwriting. “It’s different every day,” says Scott, who is global logistics product leader and senior managing director, Ocean Marine, The Hartford. She joined the company after The Hartford acquired Navigators in 2019. “The technical work keeps my skills sharp, while the camaraderie…
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As high-severity natural catastrophes – wildfires, floods, hurricanes, and others – become more frequent and more people move into riskier locales, insurance affordability and availability have become a challenge in many states. Insurers underwrite and price coverage based on the risks they’re assuming, and rising premiums in these states have pushed more homeowners into residual market mechanisms, such as state-backed insurance pools or agencies. Reliance on these funds – which often provide more limited coverage at higher costs – is not sustainable in the long term. To ensure market stability and continued insurance availability and affordability, insurers must leverage more…
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This post is part of a series sponsored by AgentSync. New interactive Distribution Channel Management Assessment points you toward sustainable growth. In insurance, distribution goes beyond checking a box (or twenty) to stay compliant or cobbling together outdated systems to dig up crucial data. A comprehensive distribution channel management platform should go beyond workflow efficiency to deliver accessible data, integrated automation, and scalable infrastructure, powering and expanding distribution channels. Yet, many organizations are held back by makeshift solutions and “good enough” systems that can’t keep up under pressure. AgentSync’s new interactive Distribution Channel Management Maturity Assessment cuts through the noise…
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Business insurance buyer’s guide: What and how In light of, well, literally everything, businesses of all sizes are reassessing their risk management strategies and insurance coverage before their renewal date. Finding the right insurance for your business can be a complex process, requiring careful consideration of your specific risks, industry requirements, and budget constraints. The decisions you make during this process can significantly impact your company’s financial security and operational resilience. In this month’s newsletter, we’ll walk you through the essential steps of shopping for and purchasing business insurance. From identifying your unique risk profile to finalizing and implementing your policy, our goal is to…
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This post is part of a series sponsored by AgentSync. Distribution channel management relies on real-time producer data For insurance organizations looking to optimize their distribution channel management, having access to accurate, up-to-the-day producer data across multiple systems isn’t just a “nice to have.” If you’re working with a tech stack that includes everything from agent onboarding systems to policy admin systems to commission and compensation management systems, your producers’ information likely lives in several places that require manual updates and cross-referencing. Manual and repetitive data entry isn’t ideal for anyone, much less so for insurance carriers and their large…
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This post is part of a series sponsored by IAT Insurance Group. In the latest episode of What’s Brewing, Chris Accetta and David Geller welcome David Seaton, VP of Predictive Analytics and Modeling at IAT Insurance, to demystify artificial intelligence (AI) and its growing role in the insurance industry. As AI technology rapidly evolves, the discussion explores its impact, risks, and best practices for ethical deployment. Tune into the episode here: Generative and Agentic AI in Insurance | What’s Brewing. Understanding AI in Insurance AI is no longer a futuristic concept—it’s here, and it’s reshaping industries, including insurance. The conversation…
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By Lewis Nibbelin, Contributing Writer, Triple-I The Florida House’s attempt to curtail recent legal system reforms met firm resistance from the state Senate this week, preserving the 2022 and 2023 legislation that stabilized the state’s property insurance market. Aiming to reinstate one-way attorney fees in insurance litigation, the House added an amendment – originally part of a separate bill – to an unrelated Senate bill focused on creating legal protections for owners of former mining sites. Filed by state Rep. Berny Jacques, the amendment would have restored Florida’s previous requirement for insurers to shoulder the insured’s legal costs, even if…
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This post is part of a series sponsored by EZLynx. For independent agents, crafting the perfect email—whether it’s for a new policyholder, a renewal reminder, or a marketing campaign—can be surprisingly time-consuming. Making sure every message hits the mark can eat into valuable time and quickly become a frustrating drain on productivity. A study by We Are Talker and Slack found that the average small business employee spends more than 10 hours a week drafting emails. Meanwhile, McKinsey reports that 28% of the average workweek is devoted to managing emails. Over the course of a month, or a year, that’s…