Insurance agency business lessons from the COVID-19 pandemic

insurance agency business

Businesses of virtually every size were unprepared for these changes, but here’s what to learn. As owners and staff of an insurance agency business, you make a living by making sure your customers are prepared for the unexpected.  That said, 2020 has made it clear that even experts in the unexpected can be taken off guard. There have been many lessons that owners and staffers have learned throughout this year. To make sure your insurance agency business is more than just surviving but is continuing to thrive as the pandemic…

Read More

Breast cancer disability insurance claim length average dropped by 2 weeks

Breast Cancer Disability Insurance - pink ribbon

Survivors are heading back to work notably sooner than had previously been recorded. Claims on breast cancer disability insurance have been a top cause of this type of coverage for more than a decade. However, the length of those claims has been getting shorter. In fact, survivors have shortened their time off work by an average of about two weeks. In 2019, the average length of a short-term breast cancer disability insurance claim was 64 days. In 2010, that figure was 78 days. This shows a meaningful change in trends…

Read More

The difference portable UV lights make to your office disinfection routines

UV lights for desk

Agencies are preparing themselves with these tools to help keep workspaces effectively clean just in time for this year’s flu season. Insurance agency owners are following an important trend to help protect themselves and their teams by using portable UVC lights to keep workspaces – and the air around them – regularly disinfected. Lightweight lamps can often be found in every office, improving the effectiveness of conventional cleaning. Adding a Mogix portable Ultraviolet light to every desk in the office makes it quick and convenient to sanitize the space regularly…

Read More

Pennsylvania health insurance exchange launched for consumers in the state

Pennsylvania health insurance exchange - health - heart - hand

The state has opened its own Pennie.com marketplace for individuals who need to buy plans. The new Pennsylvania health insurance exchange launched this week, debuting the Pennie.com site where residents of the state can purchase individual plans. This gives state residents a lot more time to shop for the coverage they want for 2021. The new Pennsylvania health insurance exchange opened its doors on Tuesday. Residents of the state who start using Pennie.com right away will have an additional four weeks to compare plans and shop for the coverage they…

Read More

Canadian insurance industry sees areas of growth throughout pandemic

Canadian insurance industry - Canadian Flag

While the COVID-19 crisis rages on, and insurers face challenges, some are thriving. The Canadian insurance industry has measured some pockets of growth in specific areas of coverage throughout the pandemic crisis. Insurers are struggling in the areas of coverage disagreements, particularly in business interruption policies. Business interruption and travel policies are often leading to disputes over coverage, lawsuits, angry clients and customers, and economic challenges among others. However, in other areas, some considerable opportunities have opened up for certain types of product lines to grow and developed. Among those…

Read More

Signed Kurt Cobain homeowners insurance policy is being auctioned off

Kurt Cobain - Home insurance signature

The document was for the coverage of the home in which the Nirvana lead singer was found dead. A homeowners insurance policy bearing the rare full signature of the late Kurt Cobain is being auctioned off by Inscriptagraphs Memorabilia. Goldin Auctions is brokering the sale of the item on behalf of the memorabilia company. The policy’s signature is considered particularly rare as Kurt Cobain was not in the habit of signing his full name. His autograph typically consisted only of his first name. In this particular instance, he wrote his…

Read More

Cheers tavern owner files business interruption insurance lawsuit over claim denial

Business interruption insurance lawsuit - Cheers Tavern in Boston

Hampshire House attorneys say its insurer has refused to pay claims relating to COVID-19. Owner of several restaurants in Boston including the famous Cheers tavern, Hampshire House, has filed a business interruption insurance lawsuit. The suit was filed when the company’s insurer denied the claims it filed in response to pandemic crisis shutdowns. The company is facing the loss of millions of dollars due to the pandemic lockdowns, said attorneys. The business interruption insurance lawsuit was filed against Fireman’s Fund Insurance and Associated Indemnity Corporation and Allianz Global Risks United…

Read More