Search Results for: invest

Logistics of a House Fire – Insurance/Contractors/Recovery – What Is It You Need to Know

Although there are many possible severe weather events in the country, statistics show that fire is the most serious threat to families and individuals. Every day, families in every state have been affected by fires at home or in their apartments. Tragically, each day, at least two families are affected by a fire in their home or […]

Which Of The Following Are Common Uses Of Life Insurance Proceeds?

Life insurance death benefits may be distributed in various ways, such as lump sum, installments or an annuity. Some permanent policies also feature cash value accumulation and nonforfeiture provisions. Policyholders often name a beneficiary who will receive the death benefit when someone passes. This enables heirs to pay outstanding debts, funeral costs and taxes before […]

How Do You Develop A Insurance Claims Processing System?

Insurance companies process thousands of claims every day, and it is essential that their systems are efficient and accurate. Developing an effective insurance claims processing system requires careful consideration of the various data sources that need to be connected, as well as the customer journey from filing a claim to receiving a payment. In this […]

Why People Don’t Buy Insurance

It’s often a puzzle to me, as an insurance agent for many years. Why don’t people buy sensible protection? Why not “self-insure” large risks instead of purchasing affordable protection? Here are my top 10 reasons people don’t purchase insurance. 1. It is not necessary. Although you may be required to purchase insurance by a bank loan, business contract […]

What Is A Mutual Insurance Holding Company?

Mutual insurance companies have long been a staple of the insurance industry, offering customers protection and access to risk management solutions. But with the rise of new business models that are rapidly transforming the sector, many organizations are turning to mutual insurance holding companies (MIHCs) as a way to drive growth. So what is an […]

What Recourse Other Driver’s is Insurance Dragging Feet?

Have you ever been in a car accident, only to find out that the other driver’s insurance company is dragging their feet? It can be an incredibly frustrating situation, and one that many drivers have experienced. Unfortunately, dealing with insurance companies isn’t always a simple process; they don’t always work quickly or efficiently. So what […]

Incorporating Business Insurance in Risk Management – Even for Small Businesses

Most successful businesses are involved in risk management at some point. Assessing and managing risk can be done in a number of ways. It is an integral part of most businesses’ basic planning. No matter your business, no matter who you may be, avoid risk management is risky. Why insurance exists in first place It is important to […]