Live Insurance News

Black Talon Security Announces Top 10 Tips for Insurance Companies to Prevent Cyberattacks

September 16, 2022 PR Article

Black Talon Security, a leading NY-based national cybersecurity firm, has announced its Top 10 tips insurance companies or agencies should follow to keep data secure and protect records. “Preventing the theft of data and protecting business continuity must be a primary focus for owners of insurance organizations of all sizes; 75% of ransomware attacks in particular result in the theft of most or all of the business data,” said Gary Salman, CEO of Black Talon Security. “The average cyberattack will force a company or agency to shut down for two weeks, as well as negatively impact its integrity and reputation. This does…

Florida home insurance soon to include surcharge

September 13, 2022September 11, 2022 Logan B.

The additional fee on monthly bills is intended to cover several insolvent companies in the state. Florida home insurance customers can expect to see a new surcharge on their upcoming monthly bills, to act as coverage for insolvent companies in the state. The surcharge will help FIGA to cover the claims from insurers that have gone into receivership. The added surcharge Florida home insurance customers will be paying is intended to make sure claims made on policies sold by insolvent insurers will still be paid. They will support the claims…

Good Time for Agents to Look Into Long-Term Care Annuities With Equity Performance Potential

September 7, 2022September 11, 2022 Jesse Slome

It’s not news that the Dow Jones Industrial Average (DJIA) and the Standard & Poor’s 500 Index have both plummeted since the beginning of the year. Consumers are understandably worried. Financial advisors and insurance agents are fielding calls from clients concerned about what’s to come. When financial markets decline and uncertainty pervades, it is logical the consumers are wary about big ticket purchases. And, admittedly, long-term care insurance today can be considered one of those big-ticket purchases. LTC is a ‘should have’ rather than a ‘must-have’ purchase. When stock markets…

How Incentive Programs Can Motivate Insurance Agents

July 19, 2022 Guest Author

Anyone who has worked in sales knows that it’s never an easy job in any sector but selling insurance ranks right up there with the toughest of sales jobs in any industry. Suffice to say that insurance agents need a little more motivation because it’s not an easy job and each sale should be made out to feel like the victory that it is. So, how can a manager or a regional head bring out that motivation from his/her agents? There are some tried, tested, and established incentivizing techniques that…

State Farm holds massive virtual career fair to fill insurance jobs

July 15, 2022July 14, 2022 Logan B.

The largest insurer in the country held the fair full of events and resources to draw applicants. State Farm recently held an enormous virtual career fair to help people across the United States to match up with the insurance jobs currently available within the company. The insurer is celebrating its 100th anniversary this year and has thousands of positions to fill. The insurance jobs were placed in the spotlight on July 13, when the Summer Sizzle – Career fair was held. The virtual event was meant to help people looking…

State Farm boosts insurance agent training and catastrophe research

June 16, 2022June 15, 2022 Nordstrom

Climate change is changing the nature of natural disasters and the insurer aims to keep ahead of it. As climate change changes the nature of storm damage, and as technology continues to progress, State Farm has invested into advanced catastrophe research and insurance agent training. The insurer wants to make sure its tech and teams are prepared for current and upcoming trends. State Farm is using the additional insurance agent training and catastrophe research to help keep ahead of the impact of climate change for more rapid claim handling, quicker…

New States Add Medicare Supplement Birthday Rules

April 26, 2022 Jesse Slome

Insurance agents competing to sell Medicare Supplement insurance in five states can now capitalize on rules benefiting Medicare beneficiaries. According to the American Association for Medicare Supplement Insurance (AAMSI), the five states include California, Illinois, Oregon, Nevada and Idaho. “Medicare insurance agents now face a daunting task of competing with the millions of dollars being spent on television ads featuring celebrity spokespeople,” explains Jesse Slome, director of the American Association for Medicare Supplement Insurance. “Survival of the independent Medicare insurance agent will depend on the ability to take advantage of…