Assurance Agency

AUGUST 4, 2023

There are many different types of workers’ compensation programs available, with self-insurance being one of them. Self-Insurance is a self-funded workers’ compensation plan in which the insured assumes the financial risk for providing workers’ compensation benefits to its employees.

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InterWest Insurance Services

DECEMBER 9, 2021

In addition, new rulemaking is likely to be introduced in 2022 that will affect health plans, including non-discrimination rules for wellness plans and new rules governing what must be included on insurance plan ID cards. The CAA created a number of new requirements that affect health insurance and coverage. More guidance coming.

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Health Insurance Insurance Insurance Carriers Deductions 98

Higginbotham

APRIL 2, 2024

However, it also introduces new considerations in the realm of car insurance , where premiums for these innovative vehicles may diverge from those of traditional gas-powered cars. Hybrid car insurance rates are not arbitrary figures plucked from the air. Now, let’s look at how repair costs can influence hybrid car insurance rates.

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AssuredPartners

JULY 7, 2023

Finding the right insurance coverage for your business is essential. As a leader and trusted partner in the transportation industry, AssuredPartners Transportation is here to offer comprehensive insurance solutions and provide a seamless transition for your business.

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Insurance Insurance Carriers Transportation IT 52

Employee Benefit News

SEPTEMBER 14, 2023

Emma Fox, managing partner at E Powered Benefits, is creating a healthcare plan that doesn't depend on insurance carriers.

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Healthcare Insurance Carriers Insurance Management 105

AssuredPartners

FEBRUARY 15, 2023

When was the last time you sat down to review your insurance policy? In fact, the average customer stays with the same insurance carrier for five years and seeks change after a triggering situation takes place. Speaking with an insurance agent can open conversations about additional ways to save. How Do I Get Started?

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Higginbotham

DECEMBER 22, 2022

You need car insurance. Without coverage, you’d be in violation of auto insurance requirements in most states. However, if you’re unhappy with your current company, can you switch car insurance at any time? Why do people switch car insurance companies? Switching Car Insurance Companies After a Crash.

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Insurance Insurance Carriers Finance Management 52

Higginbotham

NOVEMBER 22, 2022

Insurance helps business owners cover their risks – but what if the risk is so great or unique that traditional insurance companies don’t want to cover it? When this happens, business owners may need to look beyond the admitted market to explore non-admitted carriers and the excess and surplus insurance market.

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Insurance Insurance Carriers IT 52

Higginbotham

FEBRUARY 21, 2024

Parents often buy life insurance for themselves to help safeguard their children’s futures. But, should they also buy life insurance for their kids? Although the idea of life insurance for children may sound unusual, it can serve some practical purposes and offer long-term benefits. Children may be able to lock in low rates.

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Life Insurance Insurance Insurance Carriers Medical 52

AssuredPartners

JULY 16, 2023

Maintain regular contact with your insurance advisor about any changes, challenges, or opportunities. Setting realistic expectations and discussing potential outcomes with your insurance advisor establishes trust and avoids misunderstandings. Build and maintain strong relationships with insurance carriers.

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McDermott Will & Emery Employee Benefits

DECEMBER 7, 2021

Increasing retirement plan-focused litigation has put insurance carriers and fiduciary service providers in difficult positions. In this article published in PLANSPONSOR, McDermott Partner Erin Turley said such litigation continues to be a “major focus” in the fiduciary insurance marketplace.

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AssuredPartners

DECEMBER 13, 2022

At AssuredPartners Aerospace, we also use an acronym as a risk management tool in insurance, much as it is in the cockpit. We coined the acronym PUNC to call attention to the four most important areas of the aviation insurance policy that result in the largest percentage of claim denials.

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Insurance Insurance Carriers Utilities Management 52

AssuredPartners

DECEMBER 13, 2022

At AssuredPartners Aerospace, we also use an acronym as a risk management tool in insurance, much as it is in the cockpit. We coined the acronym PUNC to call attention to the four most important areas of the aviation insurance policy that result in the largest percentage of claim denials.

Insurance 52

Insurance Insurance Carriers Utilities Management 52

Assurance Agency

AUGUST 4, 2023

There are many different types of workers’ compensation programs available, with self-insurance being one of them. Self-Insurance is a self-funded workers’ compensation plan in which the insured assumes the financial risk for providing workers’ compensation benefits to its employees.

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Insurance Insurance Carriers Deductions Deductible 40

Assurance Agency

FEBRUARY 16, 2023

Try not to laugh, but have you ever had an underwriter say no to your insurance submission? During my prior 20-year underwriting career, I saw far less underwriters get terminated for not writing business than I did for those that took risks and wrote accounts that lost the insurance carrier money.

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Insurance Insurance Carriers IT 52

AssuredPartners

APRIL 17, 2023

Following hurricanes Harvey, Irma, and Maria, the deterioration of insurance companies’ loss ratios accelerated. After years of extreme weather events, carriers lost basic underwriting discipline in their rates, deductibles, and limits or capacity deployed. To correct their portfolios, they increased rates and deductibles.

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Insurance Insurance Carriers Deductions Deductible 52

AssuredPartners

MARCH 23, 2020

{"ops":[{"insert":"Commercial Saltwater Disposal (SWD) operations open for third party disposal are quickly becoming the new taboo for insurance carriers.

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Stratus.HR

OCTOBER 28, 2021

Most health insurance plans outside of a Health Savings Account (HSA) have a list of copays for healthcare expenses. While you think you’re only paying $15 or $25 for an office visit, the final cost is picked up by your health insurance carrier – and that cost eventually makes its way back to you by way of premiums in your plan renewal.

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Assurance Agency

JULY 24, 2023

Why do we concern ourselves with prioritizing safety, claims management, mitigating risk and marketing insurance programs each renewal? It relies on how effectively you manage your insurance pricing formula. Is there appropriate insurance language that limits your liability? What is the key to controlling cost?

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Insurance Insurance Carriers Management IT 40

AssuredPartners

AUGUST 5, 2021

Michigan Insurance Company Joins National Broker LAKE MARY, FL – August 5, 2021 – AssuredPartners, Inc. is proud to announce that Sterling Insurance Group, Inc. Sterling) of Sterling Heights, MI has joined AssuredPartners. Sterling is the 4 th acquisition in June and the 23 rd acquisition in 2021.

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Higginbotham

JULY 25, 2023

When you run a business, one essential requirement for being fully prepared is the financial protection provided by commercial property insurance. Without commercial property insurance, the assets of the business – a building, furnishings, equipment and inventory – could be lost to a totally unexpected event. What risks are covered?

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Insurance Insurance Carriers Construction Deductions 52

AssuredPartners

OCTOBER 22, 2021

If you as a business owner utilized PPP money to pay employees to work from home, and you are able to show that delineation of payroll within your records, it should be addressed when conducting your annual policy audits with your respective insurance carrier(s).

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Insurance Insurance Carriers Payroll Utilities 66

Workers' Compensation

MARCH 26, 2024

NJ Transit’s workers’ compensation insurance carrier notified Joseph of its legal right to recover all money paid on his workers’ compensation claim from the third-party potentially liable for his injuries. Joseph settled with his uninsured motorist (UM) insurance carrier for $14,000 in the underlying action.

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Assurance Agency

FEBRUARY 16, 2023

Try not to laugh, but have you ever had an underwriter say no to your insurance submission? During my prior 20-year underwriting career, I saw far less underwriters get terminated for not writing business than I did for those that took risks and wrote accounts that lost the insurance carrier money.

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Insurance Insurance Carriers IT 40

PeopleStrategy

OCTOBER 17, 2023

HR departments are charged not only with finding employees comprehensive and affordable benefits including health insurance coverage, but also watching their part of the overall company bottom line. This amount is calculated based on the employees’ expected healthcare costs, administrative fees, and a stop-loss insurance component.

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Insurance Carriers Healthcare Health Insurance Deductions 52

AssuredPartners

MARCH 2, 2023

Introduction: What is your organization’s story to insurance underwriters? Fundamentally, underwriters rely on available facts to quote and issue an insurance policy. The top ten commercial insurance carriers, comprising 46% of market share, seek to maximize profits.

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Corporate Synergies

MARCH 2, 2020

When catastrophic claims rise, stop-loss insurance carriers take notice. The post Stop-loss Insurance Changes Create Hurdles for Employers appeared first on Corporate Synergies. Here’s a game plan for plan sponsors.

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Insurance Insurance Carriers Employment Management 52

Assurance Agency

FEBRUARY 13, 2023

January 2023 saw the greatest shift in decades within insurance pricing and contract terms. Reinsurance is used by insurance carriers as a way of spreading risk and smoothing losses. Without it, they could not reasonably price your insurance. As a result, the market has been chaotic with renewals going down to the wire.

Insurance 52

Insurance Insurance Carriers IT 52

Assurance Agency

FEBRUARY 13, 2023

January 2023 saw the greatest shift in decades within insurance pricing and contract terms. Reinsurance is used by insurance carriers as a way of spreading risk and smoothing losses. Without it, they could not reasonably price your insurance. As a result, the market has been chaotic with renewals going down to the wire.

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Insurance Insurance Carriers IT 52

Griffin Benefits

JUNE 22, 2022

Other employers, especially those who are self-funded, are conforming to this rule by accessing and posting links on their websites, which are being provided by insurance carriers or third-party administrators (TPAs) who are hosting these rates and historical payments on their own websites. In-Network Charges. WHAT TO DO NOW?

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Higginbotham

DECEMBER 15, 2022

If you have a claims-made insurance policy, your insurer may have offered you tail insurance. But what is tail insurance? To understand why tail insurance is important, you first need to understand how liability coverage works in claims-made and occurrence policies. Claims-Made Policy vs. Occurrence Policy.

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Assurance Agency

FEBRUARY 13, 2023

January 2023 saw the greatest shift in decades within insurance pricing and contract terms. Reinsurance is used by insurance carriers as a way of spreading risk and smoothing losses. Without it, they could not reasonably price your insurance. As a result, the market has been chaotic with renewals going down to the wire.

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Insurance Insurance Carriers IT 52

Benefit Resource Inc.

JANUARY 11, 2023

Check with your Insurance Carrier. Your insurance carrier is generally able to provide you with an Explanation of Benefits (EOB) for any services that have run through your insurance. If you did not receive an EOB automatically by mail, you can also contact the carrier and request to have one sent to you.

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PeopleKeep

JANUARY 18, 2022

For many employers offering a group health insurance plan, adding a supplemental benefit in addition to the group plan can help offset your employees’ out-of-pocket costs. This is especially true with high deductible health plans (HDHPs) that require employees to pay a higher amount on their own before their insurance kicks in.

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InterWest Insurance Services

NOVEMBER 22, 2022

Commercial insurance companies are raising rates in most of their lines to account for increasing claims as well as the cost of claims, but another factor is forcing them to increase their rates further: reinsurance. When insurance companies underwrite policies, they will often not retain all of the risk. What’s happening.

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AssuredPartners

AUGUST 15, 2022

Growth continued through the 1980s and 90s mostly due to the hard insurance market and increasing difficulty to find coverage for liability claims through traditional insurance. Increasing costs in the marketplace: Insurance at its most basic is a means to help assess, manage, and mitigate risk. What’s the fix?

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Insurance Carriers Insurance Entertainment Transportation 104

Higginbotham

SEPTEMBER 16, 2022

million RV owners, make sure you have the right RV insurance. Different types of RVs require different types of insurance. Motorhome Insurance Coverage Requirement. Car insurance is required under state law, and these car insurance requirements apply to motorhomes. RV Insurance Coverages for Trailers.

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