In the swirling chaos of artificial intelligence (AI) infiltrating the insurance industry, there’s a subplot emerging. As AI takes its place on the stage, promising efficiency and innovation, there’s a risk that the once-harmonious relationship between insurance agents, insurance companies, and customers may be in for a twist and not necessarily the good kind. We […]
The insurance industry saw significant changes in 2023 due to technological advancements, regulatory shifts, and economic uncertainties. Let’s examine the major concerns for individuals and businesses within this evolving insurance landscape, emphasizing the need for strategic planning and informed decision-making. Top Insurance Issues In 2023 Cybersecurity Threats: With the digital age intensifying, families and businesses […]
In December 2023, the United States witnessed a remarkable surge in motor vehicle insurance premiums, marking the most substantial increase since the mid-1970s. According to government data, these premiums escalated by a notable 20.3% compared to the same period in the previous year. This rise in insurance costs has emerged as a significant element in […]
In 2024, as in any year, managing your home and auto insurance effectively is crucial for financial security and peace of mind. Here are three key actions individuals should take to ensure they are optimally covered: Regularly Review and Update Policies Why It’s Important: Adapting to Changes: Life circumstances change—like buying a new car, renovating […]
In today’s complex business environment, managing liability and risk is more critical than ever. Whether you’re running a small startup or a large corporation, a proactive approach to risk management can not only safeguard your assets but also enhance your business’s overall resilience. Here are three effective ways to reduce liability and risk in your […]
I talk to people regularly who tell me that they are not happy with their agent. I hear statements like, “My agent does not understand my business”, “My insurance program is not matched to my business”, or “My agent always tries to sell me more insurance.” These are common issues in the business community. I […]
As we move to the end of 2023, it would be good to identify ways agents and other businesses might improve their customer service. No matter how good they are at treating their clients like kings, any company may use these pointers to keep getting better: Allow your team some leeway: Customers detest being kept […]
Engaging in any business requires the support of professionals who can guide you through the complexities and challenges of your industry. One such professional is an agent. They play a critical role in ensuring your success. However, not all agents are created equal. It’s important to know what your agent should be doing for you […]
Insurance is a vital aspect of our lives that often gets overlooked. In the modern, fast-paced world where uncertainty is the only certainty, having a safety net to fall back upon is crucial. Insurance is that very safety net, providing financial protection against unexpected risks and losses. However, the insurance sector is not immune to […]
Artificial Intelligence (AI) has revolutionized various industries, including Human Resources (HR), by automating processes, streamlining recruitment, and enhancing decision-making. AI in HR is often touted as an efficient, unbiased tool to find the best talent. However, concerns have arisen about AI’s potential to discriminate in HR practices. In this article, we will explore how AI […]
