State Farm Reverses California Policy Non-Renewals – With a Catch

State Farm - Home Insurance Reversal

State Farm, the largest insurance carrier in California, has announced a significant reversal of its earlier decision to not renew over 70,000 policies in the state, including 30,000 home insurance policies. This change comes after the company initially cited increasing wildfire risks as the primary reason for its decision back in March. However, the company’s renewed commitment comes with a notable caveat that is bound to impact policyholders significantly. State Farm Reversal and The Catch According to a statement from Sevag Sarkissian, State Farm’s California spokesperson, while the company will…

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Rogue Agents and Policy Switching – The Hidden Dangers for Consumers and Insurance Brokers

Policy Switching Warning - Health Insurance

Unscrupulous Practices Lead to Stolen Policies and Tax Headaches for Many In an alarming trend across several states, consumers covered by Affordable Care Act insurance plans are finding themselves unwitting players in a dangerous game. Without their knowledge or consent, their health insurance policies are being switched, leaving in their wake potential tax complications and vanished coverage. This epidemic of unsanctioned changes, predominantly observed in Florida, Georgia, and Texas, is stirring both consumer and industry unrest. Government and Industry Responses to Unauthorized Policy Switching and Changes Florida and Texas have…

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Live Insurance News Invites Industry Experts to The Prosperity Algorithm

live webinar the prosperity algorithm

This live webinar with Jason Fladlien provides a meaningful strategy foundation. Insurance agents – and business people in a spectrum of other industries – are registering for the free webinar called The Prosperity Algorithm with Jason Fladlien in their pursuit of business success that steps beyond just money and wealth. This webinar looks to money and wealth as components of the much broader achievement of prosperity. Though The Prosperity Algorithm is geared toward any type of industry, insurance agents and brokers have found it particularly appealing. The webinar, which takes…

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CSG Actuarial Announces Availability of It’s Newest Tool Supporting Insurance Agents: Client Manager

insurance agents technology

CSG Actuarial is well known in the insurance industry for its technology product portfolio supporting agencies with clients in the senior market. They just announced a new product, Client Manager, with features that allow users to upload client lists, create segments and run multiple insurance quotes at one time. The new tool saves valuable time by searching multiple senior market product solutions at one time. It is also built to enhance client retention by offering features for proactive filtering of their client data to target specific groups with different product…

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How Melbourne Insurance Brokers Are Doing Business In A Pandemic.

Insurance Broker

COVID-19 has slowed down many things, and the insurance sector has certainly not been left behind. Do not think for a moment that your insurance broker will leave you alone during these turbulent times. As long as you choose the best one, you are on the right track because they will walk with you to the very end. However, it is good to point out that this is the new normal and things will barely go back to how they were; therefore, make adjustments where you can. The pandemic has…

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