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The problem, Merlin argued, isn’t the existence of affiliated service providers – it’s the lack of transparency and oversight. “Managing general agents, service companies, reinsurers all have a proper place, and they can be affiliated,” he said. “But that’s why the transactions have to be audited.”
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[ad_1] Fence contractors face a unique mix of exposures, from injuries caused by sharp materials to claims from improperly installed fencing. Whether securing a residential backyard or outlining the perimeter of a commercial site, the right insurance coverage is critical. In this article, Thomas McMillan, commercial lines staff underwriter at Central Insurance, breaks down common…
[ad_1] Hub International also purchased the assets of Yavitz Insurance Group, a privately owned insurance agency based in St. Louis, Missouri. It also acquired Mayfield Insurance, an independent insurance agency that offers commercial and personal insurance, including life, home, auto and property insurance. [ad_2] Source link
[ad_1] Seniors propel market growth The most striking trend emerged in the senior population, with ages 71 and older experiencing remarkable expansion. This age group posted a substantial 21.2% year-over-year increase in life insurance applications, marking the second consecutive month of double-digit growth. Immediately preceding this bracket, individuals aged 61-70 also demonstrated positive momentum, registering…
[ad_1] According to a news release, Exzeo, formerly known as TypTap Insurance Group, was rebranded earlier this year as part of HCI’s strategic effort to divide its operations into two distinct units with dedicated leadership and objectives. The move reflects a broader plan to allow each arm to pursue its goals more effectively, the company…
[ad_1] In addition to scoring service performance, the survey asked brokers to identify their top three wholesale partners by line of insurance across 20 major coverage areas. The leading three in each category were awarded gold, silver, and bronze rankings. MGAs also competed for a “Brokers’ Pick” medal, given to the most frequently cited products….
[ad_1] Insurers remain keen to grow their portfolios, but many are becoming more selective. Some are now prepared to exit renewals if pricing fails to meet their benchmarks. Coverage enhancements, such as entity investigation coverage, remain widely available, particularly through broker-led policies. [ad_2] Source link
