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Auto insurers brace for cost surges as global tariffs take effect
Insurify projects average auto premiums could rise 19% in 2025, up from 5% before the tariffs were factored in. Of that increase, 7% is attributed to the latest global tariffs, 4% to steel and aluminum duties, and 3% to North American trade impacts. The benchmark is reinforced by the COVID-19 pandemic, when replacement costs for…
Revealed – how many California homeowners are underinsured
Wildfires have exposed insurance deficiency in the state Source link
What is an Accredited Customer Service Representative and how do you become one?
For example, when converting a quote into a policy, it’s the Accredited Customer Service Representative’s duty to meticulously verify the relevant information, update policy terms, and adhere to stringent company protocols. This is essential to ensure a seamless transition from a client’s inquiry to a bona-fide insurance policy agreement. Source link
North American insurance industries brace for tariff shock
“The new tariffs announced this week, which will impact imported vehicles and auto parts, are expected to inflate the cost of new cars, repairs and used car values due to tight profit margins for manufacturers and the interconnected global supply chain,” Friedlander said. “This could generate higher premiums for home insurance and business insurance, in…
HUB launches PEO consulting practice
Employers gain support on benefits, EPLI, and workers’ comp Source link
The search for America’s best program administrators and carriers begins
Insurance Business America is now accepting entries for 5-Star Program Administrators & Carriers 2025 Source link