An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act, a split Texas Supreme Court …
Texas’ provider of last resort for wind and hail insurance for coastal properties won’t be raising its residential and commercial property rates next year. The Texas Windstorm Insurance Association (TWIA) said its board of directors voted at its August 6 …
What exactly is a high net worth client, also known as a “private client?” According to Investopedia.com, a high net worth individual is an individual or family with liquid assets above a certain figure. Many sources set that figure at …
Workers’ Compensation Market Detail: PEO Emperor (peoemperor.net) offers workers’ compensation insurance for all industries. Specializes in experienced classes that are declined due to high mods, bad claims, new business startups and hazardous risks. Available limits: As needed Carrier: Unable to …
1. Quality Sales Managers. Invest in a quality sales manager who knows how to motivate and guide members to their goals. 2. Transcribe with AI. Otter.ai is a platform that allows — through the website or mobile app — automated …
When it comes to business management, there are “best practices, “bad practices” and then there is “what works for the business at the time.” Every business has its unique characteristics due to size, location, products and services, clients, and especially …
Age discrimination affects more than one-fifth of U.S. workers over the age of 40, a particular number of which are men, according to a survey from specialty insurer, which warns companies to be mindful of the related workplace liabilities. “Age …
As I laid down in bed, I called out to a recent Christmas gift that’s on the nightstand next to my bed: “Alexa, set a 5 a.m. wakeup call.” “Your alarm is set for 5 a.m. tomorrow,” Alexa responded. My …
National Hiscox, the Bermuda-headquartered specialist insurer, has appointed Melissa Hill as head of claims in the U.S. Hill, who has more than a decade of experience in claims operations, will oversee the strategic direction and performance of the company’s U.S. …
This year marks the 13th year of the Demotech Company Classification System, which was established in the Feb. 12, 2007, issue of Insurance Journal. The system categorizes insurers into one of 11 categories based on an analysis of data reported …
