Insurance agency under investigation for overbilling thousands of policyholders

insurance agency overbilling fraud

State officials are now looking into the Iowa business that may have overcharged 10,500 government employees. An insurance agency in Iowa has found itself in hot water after having been accused of overbilling an estimated 10,500 government employees for their health policies. It is believed that the overcharged workers paid a total of millions of dollars too much. The Two Rivers Insurance Co. is now being investigated by the Iowa Insurance Division (I.I.D.). The insurance agency has office locations in West Des Moines, Davenport, Burlington, and a number of other…

Read More

Insurance agents: Wake up and smell the competition!

Insurance agent consumer knowledge

In this consumer market, success is centered around the ability to know what you’re up against. Insurance agents and insurance brokers are subject to many of the same rules as any other small business owner, and when it comes to the current consumer market, this means that success is wholly dependent on boosting consumer awareness, customer service, and community and local knowledge. It is vital to get out into the community in order to enhance each of these integral elements. Right now, the consumer has no shortage of choices. The…

Read More

Insurance jobs change focus with improvements in U.S. housing market

housing market insurance jobs

The state of real estate across the country is causing brokers and agents to change gears. The insurance industry and the housing market are very closely related and individuals in insurance jobs, such as brokers and agents, must keep on top of the latest movements in that marketplace in order to ensure that they are spending their time and energy on the products that will be most beneficial to their customers and that will generate the greatest revenues at the same time. Good or bad, the sale of homes has…

Read More

Easy Insurance Prospecting Ideas

A Consistent Insurance Prospecting Plan Will Help Your Agency! Keeping your current insurance clients happy should be your number one goal as an insurance agent, but you also have to keep channels open at all times for new leads or prospects. Prospecting for clients is a complicated endeavor, but it is one that you must partake in. Insurance clients can be long term, but today many jump around to find better prices. Keep your current customers happy, but save time to build up interest and look for new ones as…

Read More

Santa Clarita Insurance agency helps California drivers save on premiums

 Family owned insurance agency since 1972, the business has built its reputation on beating challenging statistics. Drivers in California are battling with an unfortunate struggle, even in Los Angeles suburbs like the Santa Clarita valley, where this once quiet town is now seeing an increase of not only vehicle theft but auto insurance accidents due to a sharp increase in population within the area. Local  insurance Allstate agent, Kimberly Ellison and your full time staff, are working on solving the problem of the increasing Santa Clarita insurance rates by educating their clients in what coverages work…

Read More

The basics you need to know before opening your own insurance agency

Going into business for yourself and starting up your own independent insurance agency can be a thrilling, fulfilling, and rewarding experience, but you need to understand the business and its requirements before you can hang your shingle. Insurance, after all, is a business of relationships, and while you may have many on your own as an agent, by recruiting several associate agents, you will build your network significantly. By helping to protect families, individuals, and businesses from the disasters that can occur in life, you will also be creating a…

Read More

HHS upholds medical loss ratio provision, changes some aspects of the overarching law

Despite daunting opposition, the Department of Health and Human Services has remained firm on the medical loss ratio provision of the Affordable Care Act. The medical loss ratio provision requires that insurers pay no less than 80% of premium money on improving medical care. The provision has gained rabid opposition from the nation’s health insurance companies, who have been fighting to have administrative expenses and independent insurance broker fees removed from the mandate. The HHS, however, has issued a final ruling on the matter, claiming that most of the nation’s…

Read More