By Lewis Nibbelin, Contributing Writer, Triple-I U.S. property claims volume rose 36 percent in 2024, propelled by a 113 percent increase in catastrophe claims, according to a recent Verisk Analytics report. While evolving climate risks fueled claim frequency, uncertain inflation trends and unchecked legal system abuse will likely further strain insurer costs and time to settle these claims, posing risks to coverage affordability and availability. Abnormally active Atlantic hurricane season In a “dramatic shift” from previous loss patterns, late-season hurricane activity – rather than winter storms – dictated fourth-quarter claims operations last year, Verisk reported. Hurricane-related claims comprised nearly 9…
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This post is part of a series sponsored by AgentSync. When your team has come to the conclusion that your current vendor, process, or (let’s be honest) spreadsheet isn’t working, you need to get buy-in across your larger organization. Easy, right? If you’re the one responsible for any variation on the themes of streamlining your producers’ onboarding, licensing, carrier appointments, or sales territory assignments, then articulating the value of AgentSync and its distribution channel management (DCM) solutions to other organizational stakeholders is the next hurdle to your future state. For step-by-step help on making your case, download the guide. Who…
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This post is part of a series sponsored by Expert Insured. Returning from WSIA in Phoenix, one message was clear: wholesalers and MGAs are more focused than ever on delivering exceptional experiences to their broker/agents. In today’s market, brokers and agents place their business where they get the best experience. If an MGA or wholesaler is slow, unresponsive, or inefficient, they will go elsewhere. Expert Insured ensures MGAs and wholesalers stay top-of-mind by providing a streamlined, technology-driven experience brokers and agents prefer. Faster Broker Responses with AI Submission Automation A broker/agent’s success depends on how quickly they can deliver quotes…
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Approximately 2.5 million Americans in 1.4 million homes will be at risk from severe coastal flooding by 2050, with Florida, New York, and New Jersey facing the highest exposure, according to a new report from Climate Central’s Coastal Risk Finder. Coastal flooding in the U.S. now occurs three times more frequently than 30 years ago, and this acceleration shows no signs of slowing. By 2050, flood frequency is projected to increase tenfold compared to current levels, driven by rising sea levels that push tides and storm surges higher and further inland, according to the report. The report defines a “severe…
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This post is part of a series sponsored by Expert Insured. MGA and wholesale insurance operations are notoriously complex—dozens of moving pieces spread across disconnected tools, email inboxes, and outdated software. From intake and underwriting to document handling and broker communication, teams have historically been forced to cobble together makeshift workflows just to get the job done. That patchwork approach creates inefficiency, confusion, and risk at every turn. Expert Insured changes that. By integrating policy management, workflow automation, document handling, and CRM into one modern platform, we’ve reimagined how insurance teams work. Submissions, documents, and broker interactions all live in…
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This post is part of a series sponsored by Expert Insured. Managing the entire insurance lifecycle can be a daunting task for MGAs and wholesalers, with processes spanning from underwriting to policy issuance and accounting. Expert Insured is a comprehensive agency management system developed with over 15 years of field experience and a recent refactor in .NET Core. Designed with scalability and configurability, it integrates AI-driven automation, robust rating tools, policy lifecycle management, and insurance-specific accounting into one powerful platform. This all-in-one solution empowers MGAs to maximize efficiency, minimize operational costs, and stay competitive. Leveraging Two Decades of Expertise Selectsys…
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Digital risk management tools for 2025 Who else remembers the episode of Friends where they’re trying to move a couch around a tight corner on a staircase, and Ross starts yelling “Pivot!” That pretty much sums up how a lot of businesses are feeling these days. There’s plenty of uncertainty to go around, and there are plenty of questions about what lies ahead — and what the impact will be on businesses across the country. If only we had a crystal ball that actually worked. Until then, the best thing businesses can do is prepare and plan ahead, which is the…
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This post is part of a series sponsored by AgentSync. Onboarding processes are often a barrier to recruiting and retaining talented claims adjusters, but one innovative insurance services firm flipped the script by overhauling their adjuster onboarding to boost their reputation. By automating and simplifying the licensing and compliance process with AgentSync, this P&C and liability insurance services firm made life easier for their adjusters and internal staff members alike. With better onboarding, the firm made it easier to recruit adjusters and retain their end customers by delivering a superior experience. Download this insurance services firm’s story today. Identifying the…