This week’s question comes from Dan. If you want an answer to your insurance questions, just respond to this email and watch for an answer in a future email. Has there been any credible data regarding electric vehicles being hacked by a cyber-attack? If so, how often is this occurring and with the increase of…
This post is part of a series sponsored by AgentSync. Are your producers tired of entering (and re-entering) their answers five different ways into slight variations of the Uniform Producer Application every time they apply for a new license or renewal? If your response is “well, too bad, they have to if they want to…
This post is part of a series sponsored by Expert Insured. Managing policies within a multi-carrier distribution model can be a complex and resource-intensive task for MGAs and wholesalers. The need to oversee the entire policy lifecycle, combined with carrier-specific demands, can create operational bottlenecks that limit growth. Expert Insured, a platform built and refined…
A record number of bills targeting third-party litigation funding are under consideration across the United States, with Georgia and Kansas already passing disclosure measures, according to an analysis by Insurance Insider. The U.S. Government Accountability Office defines third-party litigation funding as “an arrangement in which a funder who is not a party to the lawsuit agrees to…
This post is part of a series sponsored by Cotality. While the Los Angeles wildfires disrupted and devastated so many lives, they also highlighted the urgent need for property insurance stakeholders to come together and start addressing the insurance crisis. That’s why Cotality™ hosted INTRConnect®, its annual conference for the property insurance ecosystem, last month…
Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that impede progress, according to the most recent Triple-I Issues Brief. Like many states, California has suffered greatly from climate-related natural catastrophe losses. Like some disaster-prone states, it also has…
This post is part of a series sponsored by Expert Insured. In the fast-paced world of insurance, the ability to swiftly launch new programs can be a game-changer for MGAs and wholesalers. Expert Insured, a robust platform developed by Selectsys Tech, has been serving the insurance industry for over 15 years, with a recent complete…
This post is part of a series sponsored by Old Republic Surety. A Medicare bond from Old Republic Surety can protect suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) from financial risks, ensure compliance with regulations, and help maintain Medicare billing privileges. The healthcare industry operates under strict regulations to ensure that Medicare…
Artificial intelligence is everywhere these days, affecting the way that industries around the world operate. And the legal field is no different. In fact, AI for lawyers is already impacting how law firms do business. It has reshaped various aspects of legal practice with increased efficiency, improved workflows, and the ability to serve clients better….
By Lewis Nibbelin, Contributing Writer, Triple-I U.S. property claims volume rose 36 percent in 2024, propelled by a 113 percent increase in catastrophe claims, according to a recent Verisk Analytics report. While evolving climate risks fueled claim frequency, uncertain inflation trends and unchecked legal system abuse will likely further strain insurer costs and time to…