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PropertyCasualty360

Agent & Broker Insider

Apr 25, 2024

A Message From the Editor

Could insurance jargon be harming your bottom line? Our lead story this week examines how the use of complicated insurance terminology could be creating distrust between customers and agents, and how the industry can become more accessible when it comes to customer communication. In this edition of the Agent & Broker Insider, we also share expert advice on how to help insureds prepare for hurricane season, and look at how AI can help drive efficiency and growth at MGAs.

– Brittney Meredith-Miller, Assistant Editor

Commentary

Is insurance jargon holding insurers back from selling more policies?

By Ashley Hattle-Cleminshaw

A customer-centered approach with simpler terminology may boost add-on policy sales. Read More

Podcast

Helping homeowners batten down their policies for hurricane season

By Brittney Meredith-Miller

Meg O'Toole Herman of Goosehead Insurance shares advice for helping insureds prepare their policies for hurricane season. Read More

Podcast

MGAs and AI: The case for more optimism than caution

By Elana Ashanti Jefferson

Michael Parcelli with Xceedance discusses the ability of AI to drive efficiency and profitable growth at MGAs. Read More

Commentary

The benefits of breaking free as an independent insurance agent

By Vijay Rengarajan

Despite the current hard-market challenges, now may be the perfect time to become an independent insurance agent. Read More

News

PIA backs House bill to reinstate inflation adjustment for crop insurers

By PC360 Staff Writer

Inflation adjustments have not been made to the pool of funds used to pay agent commissions since 2015. Read More

Commentary

The highs — and lows — of insurance for cannabis businesses and consumers

By Michael Giusti

Several years of data emerged showing risk and loss patterns, making marijuana business policies easier to price competitively. Read More

Market Insights

'Funflation' and the need for innovative ticketing-protection solutions

By Darcy Rittinger

Higher costs for live events coupled with risk-averse consumers mean ticketing platforms are eager for insurance partners. Read More

Market Insights

Email is where most cyber insurance claims originate

By Steve Hallo

Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc. Read More

Save the Date

Introducing A New Conference Experience For All Participants Within The Claims Ecosystem!

Complex Claims & Litigation Forum - February 27th - March 1, 2023 | Join Us For A New Conference Experience Aimed To Help Insurers Prevent, Prepare and Prevail In Adjudicating Complex Claims, Negotiating Settlements and Winning Cases If A Claim Has To Go To Court. Learn More

Resources

7 Proven Strategies for Implementing a Workers' Comp Cloud Platform

Sponsored by: Origami Risk

Explore common pitfalls in core insurance transformations and how to avoid them. Discover comprehensive strategies and best practices to successfully plan and execute a cloud implementation in this comprehensive white paper. Learn More

WEBCAST DATE: May 1, 2024

Reinventing GL and BOP Programs: How Proper Risk Classification Can Boost Your Bottom Line

Join this complimentary webcast to discover how policies must continue to evolve to react to today's realities, and find out how these BOP and GL revisions impact classifications, rules, loss costs and forms Learn More

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