Insurance agents that want to succeed must focus on digital

insurance agents shouldnt ignore online customers

A recent J.D. Power survey showed that consumers want to shop and use services online As auto premiums skyrocket and consumers increasingly shop for better prices than what their current insurance companies have to offer, digital channels are playing a vital role in the overall consumer experience, said a recent J.D. Power survey report. People are turning to their laptops and phones for information Beyond informing themselves, consumers also expect insurance agents to let them obtain quotes and serve themselves online. This has become a critical way of doing business…

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What was behind Berkshire Hathaway’s Chubb insurance company purchase?

Warren Buffett buys

Warren Buffett’s company has been hiding a massive insurer purchase Berkshire Hathaway started buying again in Q3 2023 and has finally unveiled the largest publicly traded purchase that it has kept from the spotlight: Chubb insurance company. The Securities and Exchange Commission permitted the secret The Securities and Exchange Commission made it possible for Berkshire Hathaway, and its owner Warren Buffett, to maintain the secrecy of the purchase while the position was being arranged.  Then, after the May 15 market close, the first quarter 13F was filed and revealed that…

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Marsh offers tax insurance to support American clean energy investing

Tax insurance - Clean energy investing

Marsh has announced its new solution to help boost available capital for investing Marsh recently announced the launch of its new tax insurance solution that it is calling its Tax Investment Default Insurance.  It is a new solution created to boost available capital for investments into federal tax credits associated with renewable energy projects in the United States. The new solution is meant to promote renewable energy investments As the Inflation Reduction Act of 2022 increasingly supports efforts such as clean energy and a hydrogen economy in the United States,…

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Louisiana Governor Landry signs property insurance package

Property Insurance - Signing into law

The package was backed by Louisiana Insurance Commissioner Tim Temple Louisiana Governor Jeff Landry has now signed into law a property insurance package that had the strong backing of the state’s Insurance Commissioner Tim Temple. The goal of the measure is to help the state overcome its current coverage crisis. The package is meant to make the state’s market more industry friendly Four bills were signed by Landry in the hopes of benefitting the property insurance industry by granting new freedoms for raising customer rates, canceling policies, and facing fewer…

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Hawaii residents rush to obtain newly required boat insurance

Boat Insurance Policy - Hawaii Flag

The state now requires a new level of coverage, but boaters say it’s impossible to get The state of Hawaii has announced a new rule it wants boaters in the state to follow regarding their boat insurance coverage, but many people are saying that despite their best attempts, it’s not possible to comply. Coverage is required in order to use any of the state’s harbors However, the new regulation would have boaters purchasing $100,000 in boat insurance coverage for salvaging a vessel that has run aground. This is the case…

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