Insurance_Illustrated
Verisk to Roll Out New General Liability Exclusions for Generative AI Exposures
Generative artificial intelligence (AI) is transforming how the insurance industry does business. However, it’s also triggering a wave of legal and insurance challenges. With at least 11 major lawsuits currently…
Ask an Expert Answers Hit Another Home Run on Certificates of Insurance
Ask an Expert questions and answers provide strong resources to our agents. As you know firsthand, requests for certificates of insurance wording are currently bordering on “theatre of the absurd.”…
Avoiding Late Notice Claim Denials in Claims-Made Professional Liability Claims
Most agents are very familiar with reporting requirements on occurrence policies. The occurrence happens—a tenant fire, a slip and fall, a dog bite—and the insured knows almost instinctively to report the claim. The trigger…
The Three Hidden Profit and Agency Valuation Drains
Most agency leaders focus on hiring new people to boost valuation—but what if the real threat is hiding within your current setup? This article, “The Three Hidden Profit and Agency…
Rural Hospital Closures: A Growing Crisis Threatens Workers’ Compensation Systems Nationwide
The loss of rural healthcare will also affect the workers’ compensation system, rural industries and rural government. This article considers the problem and provides solutions that agents who write workers’…
The Importance of Client Onboarding: Transforming New Clients into Loyal Customers
Developing an effective client onboarding system can help you reduce client churn, enhance productivity and improve your bottom line. .
Ten Ways to More Effectively Manage Creative Insurance Talent
Whether they know it or not, insurance industry executives often fail to effectively nurture and manage their creative talent. Rigid structures and traditional management practices stifle innovation. practices. This article…
The Importance of Understanding Insurance Carrier Financial Ratings
Most consumers consider the cost of insurance premiums as their main buying criteria. The main factor that insurance buyers should consider as they price shop their insurance, however, is the…
Producer Compensation: A Base/Growth Model
For decades we paid producers more for new business production than for renewals. Does this make sense? Here is a better alternative.
