Search Results for: insurance professionals

Maryland Insurance Professionals Face Stricter Standards

H. Cutner
Maryland Insurance Professionals Face Stricter Standards

Protecting Maryland Consumers: A Closer Look at Stricter Penalties Starting October 1, consumers in Maryland will witness the implementation of more stringent penalties for unauthorized insurance activities. These legislative changes, introduced by the Maryland Insurance Administration, aims to protect consumers from fraudulent practices while ensuring that insurance professionals uphold the highest standards. Unauthorized Insurer Fines Soar: The fines for unauthorized insurers have substantially increased, with penalties rising from $50,000 to a maximum of $125,000. Higher Penalties for Dishonest Practices: Insurance producers and public adjusters indulging in dishonest or incompetent practices…

How Claims Management Software Empowers Insurance Professionals

Live Insurance News
insurance claims software technology

In the fast-paced world of insurance, effective claims management is crucial for insurers to streamline processes, minimize risks, and provide exceptional customer service. As technology continues to advance, insurance professionals are turning to claims management software to gain a competitive edge.  This powerful tool empowers insurance professionals to take control of their operations, resulting in improved efficiency, accuracy, and customer satisfaction. A recent study conducted by Allied Market Research revealed that the worldwide market for claims processing software reached a value of $33.9 billion in 2020. The report further predicts…

Live Insurance News launches ‘Business Bits’ for insurance professionals seeking true success

Angela Linders
insurance sales agent business sales tips

The weekly emails and articles from our editor and team of writers will focus on sharpening your skills. Business Bits is headed to Live Insurance News, where we will start your Monday off bright to celebrate the workweek with exactly what you need to know to make it a success. These articles and emails will help you to sharpen your insurance business and sales techniques. These sales and business techniques are exactly the types of insurance professionals, agents, brokers, and agency owners need to get started or sharpen their skills…

Treasury Department wants real life insurance professionals for new committee

S.Vagus

The U.S. Treasury Department announced today the creation of a new advisory committee on insurance. The committee will be made up of state regulators and industry officials from all over the country. The Department has issued several notices throughout the U.S. inviting those interested in a position within the committee to apply with the Federal Registrar. The committee is being formed to help the federal government better understand the ramifications of changes made to the existing industry in the country. The plan has garnered support from some of the nation’s…

Disability insurance for professionals: Yes, they need it

Julie Campbell
Do Gamers Need Disability Insurance?

Medical and legal professionals need this coverage as much as – if not more than – other professions. Professionals need disability insurance to provide them with income for maintaining their accustomed lifestyle until they receive medical clearance to return to work again. Illness is the leading reason for claims filed on disability plans. Professionals such as doctors, dentists, lawyers and others often overlook disability insurance. This is often because the coverage is associated with jobs requiring physical labor. However, an illness or injury can interrupt a doctor or lawyer’s capacity…

Insurance industry worker shortage needs young professionals to take the job

G. Turner
Insurance industry worker shortage - Hiring - Jobs

Insurers are working hard to appeal to a new generation of employees, and some are getting creative. The insurance industry worker shortage is forcing insurers to get creative when it comes to recruiting new young professional workers. Millennials as a whole don’t find the industry appealing for their careers. Some insurance companies are using creative efforts to draw young professionals to work for them. A recent Business Observer report pointed out that some more clever bosses are looking for unique ways to appeal to those young professionals. In fact, some…

Insurance agents prepare for Administrative Professionals Day on Wednesday

Nordstrom
insurance agents

The day provides an annual opportunity to show your staff how much they are appreciated. Administrative Professionals Day is nearly here once again and insurance agents across the country are preparing to make the day a special one for their staff by treating them to something special in order to make sure that they know that they are appreciated. This day occurs on the Wednesday of the last full week in April and it lands on the 23rd this year. While many insurance agents choose to bring treats into the…