This post is part of a series sponsored by Expert Insured. In the fast-paced insurance landscape, time is critical. For MGAs and wholesalers, delays in policy issuance can mean missed opportunities and increased costs. Built on over 15 years of real-world industry use and recently refactored by Selectsys Tech’s expert team in .NET Core, Expert Insured redefines efficiency in policy issuance. This evolved, scalable platform is designed for rapid deployment, allowing MGAs and wholesalers to go live in days—not weeks. With preconfigured forms for all lines of business (LOB) by state and a flexible drag-and-drop feature for customizations, Expert Insured…

This week’s question comes from Dan. If you want an answer to your insurance questions, just respond to this email and watch for an answer in a future email. Has there been any credible data regarding electric vehicles being hacked by a cyber-attack? If so, how often is this occurring and with the increase of EV’s in business and personal use, how big of a concern should this be for both consumers and insurance carriers? If one of these is attacked and compromised and the attackers do something horrific with the vehicle, who should be held responsible? The owner for…

This post is part of a series sponsored by AgentSync. Are your producers tired of entering (and re-entering) their answers five different ways into slight variations of the Uniform Producer Application every time they apply for a new license or renewal? If your response is “well, too bad, they have to if they want to be compliant,” at AgentSync, our Manage product and custom onboarding processes would like to challenge that line of thinking. Let’s pop the hood and see how Manage can simplify life for you and your producers and stop you from submitting irregular applications to state DOIs.…

This post is part of a series sponsored by Expert Insured. Managing policies within a multi-carrier distribution model can be a complex and resource-intensive task for MGAs and wholesalers. The need to oversee the entire policy lifecycle, combined with carrier-specific demands, can create operational bottlenecks that limit growth. Expert Insured, a platform built and refined over 15 years, is designed specifically to address these challenges. Recently re-engineered by Selectsys Tech’s experienced team in .NET Core, Expert Insured is a comprehensive policy management system (PMS) that streamlines workflows, automates manual tasks, and simplifies multi-carrier processes. With its adaptability, scalability, and advanced…

A record number of bills targeting third-party litigation funding are under consideration across the United States, with Georgia and Kansas already passing disclosure measures, according to an analysis by Insurance Insider. The U.S. Government Accountability Office defines third-party litigation funding as “an arrangement in which a funder who is not a party to the lawsuit agrees to help fund it.” Global multi-billion-dollar investing firms have made it their sole or primary business and are experiencing strong growth. Because the market lacks transparency, estimates on its size can vary but, according to Swiss Re, more than half of the $17 billion invested into…

This post is part of a series sponsored by Cotality. While the Los Angeles wildfires disrupted and devastated so many lives, they also highlighted the urgent need for property insurance stakeholders to come together and start addressing the insurance crisis. That’s why Cotality™ hosted INTRConnect®, its annual conference for the property insurance ecosystem, last month in Los Angeles. With speakers, experts, and academics from all areas of property insurance, we gathered under the theme “Beyond All Limits.” Through enlightening presentations, engaging fireside chats, and spirited panel discussions, we partnered with industry experts to explore how to challenge existing norms and…

Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that impede progress, according to the most recent Triple-I Issues Brief. Like many states, California has suffered greatly from climate-related natural catastrophe losses. Like some disaster-prone states, it also has experienced a decline in insurers’ appetite for covering its property/casualty risks. But much of California’s problem is driven by regulators’ application of Proposition 103 – a decades-old measure that constrains insurers’ ability to profitably write business in the state. As applied, Proposition 103 has: Kept…

This post is part of a series sponsored by Expert Insured. In the fast-paced world of insurance, the ability to swiftly launch new programs can be a game-changer for MGAs and wholesalers. Expert Insured, a robust platform developed by Selectsys Tech, has been serving the insurance industry for over 15 years, with a recent complete refactor into .NET Core to enhance scalability and configurability. With XL Rating, seamless API integrations, and compatibility with ISO raters like NetRate, Expert Insured allows MGAs to deliver new programs to market efficiently and accurately. Built on Industry Expertise The team behind Expert Insured brings…

This post is part of a series sponsored by Old Republic Surety. A Medicare bond from Old Republic Surety can protect suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) from financial risks, ensure compliance with regulations, and help maintain Medicare billing privileges. The healthcare industry operates under strict regulations to ensure that Medicare beneficiaries receive quality care from trustworthy providers. As part of this regulatory framework, the Centers for Medicare & Medicaid Services (CMS) mandates that suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) post a Medicare bond to participate in the Medicare program. Old Republic…

Artificial intelligence is everywhere these days, affecting the way that industries around the world operate. And the legal field is no different.  In fact, AI for lawyers is already impacting how law firms do business. It has reshaped various aspects of legal practice with increased efficiency, improved workflows, and the ability to serve clients better. However, despite the increasing opportunities to use AI and leverage the technology’s benefits, the legal field largely remains hesitant about adopting AI tools. In Embroker’s 2024 survey of more than 200 lawyers, we found that 78% of law firms aren’t using AI, with many citing…