According to Jeff Taylor, Founder and MD of Mphasis Digital Risk, now is the perfect time for homeowners and home buyers in California to explore other insurance options following the recent withdrawal of key home insurers. Dive into the details in the MarketWatch article! Read More: mphs.co/D #MortgageNews #MphasisDigitalRisk #EngineeringIsInOurDNA
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A Commercial Insurance Broker you actually look forward to hearing from. | President at Stonebrook Insurance
If you’ve got a claims issue, you need to be proactive with your insurance renewal. Here’s what you can do. Create a positive narrative, explaining how things will get better. BUT- You gotta give your Broker something to work with. We’ll ask an insured- Tell us what happened with these ten claims? Dunno. What about any risk management protocols you’ve put in place? Um… Idk. Folks: We ain't magicians. You wouldn't think of getting a mortgage without tax returns and bank statements and all sortsa follow up questions. Carriers are on the hook for millions and they need to be comfortable with a risk. Insurance is all about telling a story… Help us help you. #underwriting #healthcare #insurance
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The Property & Casualty insurance market will be interesting to follow this year. While insurance companies have experienced record profits and share prices, consumers have been crushed - specifically in the Property market. For the past few years, insurance companies have strived to achieve "rate adequacy" - a level where insurance companies can cover expected losses and expenses, while making a profit. It appears we're getting closer to that. Overall, the market has shifted from rate need across the board to rate need in certain insurance lines. Reinsurance renewals - while still being difficult - was more modest at January 1st due to increased capacity and large returns in 2023. Hopefully this is a bellwether for the broader market and a light at the end of the tunnel for consumers. Johnson Kendall Johnson
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Life #insurance penetration declined in #FY23, dropping 20 basis points from the previous year to end at 3%, shows data. In this week's Business Standard #StatsGuru, we analyse how the insurance industry is becoming a two-speed sector https://mybs.in/2dSkpHS
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We can't fix the #affordablehousingcrisis without fixing #insurance. Maybe it's time for #CRA for insurers. The double digit year over year increases are not sustainable---not for homeowners and not for owners of #multifamily Yet another reason we need #congress to finish the work and pass the #AHCIA. #AHTC #NYSAFAH #NYHC #multifamilyimpactcouncil
Insurers Rake In Profits as Customers Pay Soaring Premiums
wsj.com
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Cyberinsurance Premiums are Going Down: Here’s Why and What to Expect
Cyberinsurance Premiums are Going Down: Here’s Why and What to Expect
securityweek.com
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For businesses, drastic and unexpected increases in insurance rates can come as a shock. In Q1 of 2023, both auto and cyber insurance raised by an average of 7-8%, while property insurance rates swelled by an average of 20.4%. We are anticipating this trend to continue through the end of 2023. If you are preparing for your 2023 insurance renewal, knowing market trends can help you prepare for potential increases and make the renewal process less overwhelming. Labor shortages, extreme weather events, and supply chain issues are a few factors contributing to rising rates. The attached infographic outlines how these market forces drive premiums. For information on how this can impact your business please don't hesitate to send me a message or call me at (262) 563-5450. #inflationprotection #supplychain #labormarket #laborshortage #recession2023 #businessadvice #insurance #insuranceindustry #insurancepremiums #insurancerates #markettrends Vizance
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Insurance isn't just a policy; it's a promise. It's the reassurance that when life throws us a curveball, we're not facing it alone Contact us: (512)252-2618 Email: service@twfgservices.com Website: www.twfgservices.com #insurance #autoinsurance #twfgservices #coverage #carinsurance #risk #insurancebroker #trustedinsurance #car #protection #newcarsafety #carsafety #insurancecar #OurPolicyIsCaring
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The key to reducing future #risks lies in your #insurance carrier’s ability to best predict of possible future events based on the past behavior or performance in similar situations.
Is your insurance pricing formula working against you?
assuranceagency.com
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Cyberinsurance Premiums are Going Down: Here’s Why and What to Expect
Cyberinsurance Premiums are Going Down: Here’s Why and What to Expect
securityweek.com
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With a proper business recovery plan in place, you can address the "what if’s?" and put your mind at ease. At Lynch Brokers, we take pride in helping to individualize insurance plans based on you and your specific needs. Contact us today to learn more at 1 246-426-5062. #RiskMitigation #BusinessSolutions #InsuranceBrokers #Insurance #businesscontinuity #risk #insurance #businessinsurance #grouphealth #healthinsurance
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