"Insurance shouldn’t just be a pot of money for attorneys"

[ad_1] Centering the broker, not cutting them out Rather than cutting brokers out of the process, as some startups do, it’s important to center them. Brokers aren’t obstacles to be bypassed – they’re the primary users. Automation, then, isn’t about replacing people but handling the repetitive tasks that slow them down. [ad_2] Source link

[ad_1] For example, if someone with a homeowners policy liability limit of $300,000 is found responsible for $1 million in damages due to an accident on their property, their homeowners’ policy might cover part of the damages, but the remaining $700,000 could fall on the policyholder unless umbrella coverage is in place. Mercury’s umbrella insurance…

[ad_1] The policy also allows for indemnity related to reasonable expenses incurred while mitigating claims – such as alternative suppliers, technical analysis, third-party design-arounds, or product recalls. In addition, reputation and brand protection is included, with support for costs linked to engaging public relations consultancies. [ad_2] Source link

[ad_1] For the first quarter, Heritage reported a net income of $30.5 million, or $0.99 per diluted share, compared to $14.2 million, or $0.47 per diluted share, in the same period last year. Gross premiums earned in the quarter totaled $353.8 million, a 3.6% increase from the previous year’s $341.4 million. [ad_2] Source link

[ad_1] Massive shifts have transformed workplaces and the world, including the insurance industry. From the advent of AI and digital innovations to evolving customer expectations, each era has brought challenges and opportunities within the insurance industry. Spanning multiple generations, the CH Team has talented people with unique perspectives and skills. While our beliefs may differ,…

[ad_1] Under the revised structure, policyholders will receive a 5% credit for fewer than five consecutive years of membership, 10% for at least five but fewer than 10 years, 12.5% for at least 10 but fewer than 15 years, and 15% for at least 15 consecutive years. [ad_2] Source link