Insurance Broker

The article discusses the impact of inflation on insurance premiums and predicts that there will be $100 billion in inflation-driven premium increases in 2022. The increase in premiums is driven by rising costs of medical care, materials, and labor, and is likely to affect both individual and employer-sponsored insurance plans.

May 11, 2022

The article discusses the impact of inflation on insurance premiums and highlights that the full extent of the impact has not yet been seen. While insurers have announced premium increases for 2022 due to rising costs, the actual impact on consumers may depend on several factors, including negotiations between insurers and providers and the extent to which employers choose to absorb the increased costs.

June 23, 2022

The article discusses trends in benefit plan design and funding status for 2023. It notes that benefit plans are "hardening" as employers seek to control costs and mitigate risks, with changes such as higher deductibles, out-of-pocket maximums, and prescription drug costs, as well as increased focus on wellness and prevention programs.

October 18, 2022

The article outlines three key responsibilities that employers should expect from their insurance broker. These responsibilities include helping employers select and purchase insurance plans that meet their needs and budget, providing ongoing support and communication throughout the year, and assisting with compliance and regulatory requirements.

May 21, 2021

The article features a conversation with Brian Freeman, the founder and CEO of Employer Advantage Healthcare Solutions, on the No Surprises Act, a new law designed to protect consumers from unexpected medical bills. Freeman discusses the impact of the law on employers and their employees, as well as strategies that employers can use to mitigate the impact of surprise medical bills on their workforce.

December 19, 2022

The article features a conversation between Marty Traynor, Senior Vice President of Sales at Employer Advantage Healthcare Solutions, and Derek Winn, Managing Partner of Business Benefits Group. They discuss the challenges and opportunities facing the employee benefits industry in 2021, including the impact of the COVID-19 pandemic, rising healthcare costs, and the importance of communication and education around benefits for employers and their workforce.

April 28, 2022

Artificial intelligence is in the process of reshaping the insurance brokerage industry and significant improvements in efficiency are already being gained by the early adopters in the AI space.

July 6, 2023

How the latest generations to come of age are already influencing the way that business is being done.

April 24, 2023

The article discusses the top insurance brokers in Tampa, Florida, based on their customer reviews and ratings. The list includes brokers offering a range of insurance types such as health, dental, life, disability, and more, along with a brief description of each broker's services and offerings.

September 28, 2022

This article discusses the circumstances under which it might be appropriate to change insurance brokers, such as a lack of communication or inadequate service. It also provides some tips on how to choose a new broker and how to smoothly transition from the old one.

February 10, 2021

The article explains how an insurance broker can help companies save money on insurance by providing expert advice, evaluating insurance policies, and negotiating better rates with insurers. It also highlights the importance of having a good relationship with an insurance broker who can understand the specific needs of a business and provide personalized recommendations.

February 11, 2021

The failures of SVB and Signature Bank have made the decision-makers at a lot of company's take stock of their own personal liability exposure for factors that are beyond their control.

April 25, 2023

While brokers can save you time and money, they are compensated for their services.

February 10, 2021

The article discusses whether insurance brokers can get better rates than what their clients can get directly from an insurance company. The answer is that it depends, but in some cases, brokers can use their industry knowledge and relationships with insurance companies to negotiate better rates for their clients.

February 10, 2021

Insurance brokers can help your business choose policies and coverage types that make the most sense for you.

February 10, 2021

This article examines the differences between employer health insurance brokers and employee benefits advisors, and provides guidance on choosing the right type of professional to meet a company's needs. It discusses the services each type of professional typically offers, how they are compensated, and what factors to consider when making a decision.

August 28, 2019

Errors & Omissions Insurance is a kind of liability coverage that is primarily used by professional businesses and services.

December 19, 2022

The insurance brokerage market is predicted to grow at a staggering rate between now and the end of the current decade.

May 15, 2023

The article reports on Google's decision to rename its Google My Business platform to Google Business Profile. It discusses the reasons behind the name change, what it means for businesses and users, and the potential impact on local search.

December 16, 2022

Two recent lawsuits highlight a couple of the issues raised by telemetric technologies that are providing insurance companies with the ability to monitor and analyze the performance data and assess the risk associated with individual policyholders.

December 7, 2023

Earlier this week, the U.S. Department of Health and Human Services (HHS) announced clarifying guidance in the wake of President Biden’s executive order on reproductive health issued on July 8, 2022.

July 15, 2022

Working with the right insurance broker can have tremendous benefits for your business.

February 28, 2020

The article provides guidance on how to choose a benefits broker for a company. It discusses the qualities and qualifications to look for in a broker, how to assess their expertise, and what questions to ask during the selection process.

February 22, 2021

The article explains the different ways in which an insurance broker can be paid, such as through commissions, fees, or a combination of both. It also discusses the advantages and disadvantages of each payment method and provides guidance on how to negotiate fees with brokers.

February 18, 2021

Property and casualty insurance policies help protect your business against damage, financial losses, legal claims, and covered perils.

March 12, 2021

An ICHRA is a group health plan; as such, it is subject to many of the same general legal requirements as a traditional group health plan.

December 12, 2022

There are many advantages that working with an experienced broker can provide in helping company's stay up to date with evolving trends and expectations across markets.

June 5, 2023

There are a significant number of advantages that can be gained through well-informed and well-timed consultation with an employee benefits broker.

June 7, 2023

While the challenges that human resources professionals continue to encounter in their rapidly moving industry have been substantial, the technologies being developed to better manage those challenges has kept pace, and both insurers and those they serve can meet those challenges by putting the available tools to use while keeping the focus on transforming their models toward a more customer-oriented approach.

September 6, 2023

The insurance business is becoming less about making clients financially whole after-the-fact and more about working alongside clients to eliminate and mitigate any risk exposure on the front end.

March 23, 2023

If you’re interested in finding a new insurance broker for your small business, it can be challenging to know where to start.

December 19, 2022

This article offers tips and best practices for optimizing a Google Business Profile, including how to add and update information, respond to reviews, and use Google My Business features like Google Posts and Q&A. The author suggests that a well-optimized Google Business Profile can improve a company's online visibility and help attract new customers.

December 15, 2022

The article provides tips on how to retain key employees during a merger or acquisition process, including keeping communication open and honest, providing incentives, and creating a culture of inclusion and support. It suggests that a successful retention strategy can help organizations to maintain their talent, culture, and productivity throughout the transition.

January 4, 2023

Long-term disability insurance is something no one wants to think about.

October 22, 2021

The article discusses the differences between insurance broker fees and commissions. It explains that broker fees are paid directly to the broker by the client for their services, while commissions are paid by the insurance company to the broker for selling their policies.

April 22, 2021

The article discusses the difference between an insurance broker and an insurance carrier. An insurance broker works on behalf of the client to find the best insurance coverage and rates, while an insurance carrier provides the insurance policy directly to the client.

September 1, 2020

In 2020, insurers paid similar costs for in-person and telehealth treatments, according to recent analysis reported by Becker’s Payer Issues.

January 23, 2023

Can machine learning with human expert oversight and input create the best of both worlds for underwriting and beyond?

April 4, 2023

Starting on January 1st, 2022, the new transparency rules regarding health plan providers will take effect. These regulations are designed to help individuals get a better understanding of the cost and quality of care they are receiving.

December 16, 2022

Marsh & McLennan Cos. Inc. recently announced the fourth quarter's combined revenue came to $5 billion, down 2% from the same time in 2021 but up 7% on an underlying basis.

January 30, 2023

Employer Advisor has launched a new communication checklist tool for brokers that provides advice on year-round communication strategies. The tool provides guidance on how brokers can effectively communicate with their clients throughout the year, helping them build stronger relationships and provide better service.

April 26, 2022

With open enrollment season rapidly approaching, it’s time for employers to weigh their benefits selection choices and employee preferences.

June 30, 2022

For the last several years there has been a great deal of uncertainty surrounding one relatively small corner of the Employee Retirement Income Security Act of 1974 (ERISA) law regulation rulebook.

December 19, 2022

A survey of benefits brokers conducted by Wellfleet Workplace and EIS found that brokers’ top pain points all center around demands for better technology from their carriers.

December 10, 2021

The vast majority of US consumers are not particularly enthusiastic about the idea of artificial intelligence insurance agents.

October 3, 2023

Demand for risk analytics is growing in part because of an increased perception of risk and in part because companies are developing a better understanding about how the improvements in data capture/analysis technologies can be utilized to best benefit their businesses.

May 17, 2023

The article discusses whether employers should conduct an annual request for proposal (RFP) process for selecting a new insurance broker. While some benefits of an annual RFP include potentially finding better coverage or lower costs, the article notes that the process can be time-consuming and may not always yield better results than simply renegotiating with the current broker. Ultimately, the decision to conduct an annual RFP should be based on the specific needs and circumstances of the employer.

December 19, 2022

The article discusses the benefits of hiring an independent insurance consultant for businesses, including their ability to offer unbiased advice, access to a wider range of insurance products, and potential cost savings. It also emphasizes the importance of carefully evaluating the consultant's qualifications and experience before hiring them.

February 10, 2021

The article "Signs You Need a New Insurance Broker" provides guidance on when it may be time to switch insurance brokers. It lists various warning signs such as lack of communication, limited expertise, and inadequate coverage options, that indicate it is time to find a new insurance broker.

December 19, 2022

Small businesses in the US are rating the service they are currently getting from their commercial insurance providers more highly than any time in the previous 11 years during which the survey has been conducted.

August 29, 2023

The article discusses the benefits of diversity in the workplace, including improved creativity, increased innovation, better decision-making, and higher employee morale. It emphasizes the importance of creating an inclusive workplace that values diversity and provides opportunities for all employees to contribute and succeed.

October 29, 2021

Intelligent document processing can simulate a human-like approach to document interpretation, data entry, and analysis that requires very little actual human oversight and can produce results faster and with incredible accuracy 24/7.

August 3, 2023

The article discusses the importance of a person's fiduciary, the most powerful person in their financial life, who is responsible for managing their retirement savings. It explains how to find a good fiduciary and what questions to ask to ensure they are acting in the client's best interest.

August 24, 2021

Social media marketing has several specific advantages over most traditional marketing channels that remain underutilized in the insurance space.

June 27, 2023

The article discusses the differences between using an online insurance company and an insurance broker, including factors such as cost, expertise, and convenience. While online insurance companies may be more cost-effective and convenient, insurance brokers provide personalized advice and expertise, especially for complex insurance needs.

February 27, 2020

Insurance Broker & Carrier Analytics Access Introduction.

December 19, 2022

The article explores the hourly cost for hiring an insurance consultant, including the factors that affect the cost and the average rates in different regions. It provides insights for employers who are considering using an insurance consultant to navigate the complexities of the healthcare system.

February 10, 2021

The first step toward determining what makes an insurance broker good is to define what it means to be a good insurance broker in the first place.

December 19, 2022

Construction insurance is an umbrella term for all the various types of coverage required when undertaking a construction project.

December 19, 2022

Cyber insurance is a type of commercial insurance that can cover a significant variety of electronic communication, technological, and other cyber-related risks that modern companies face.

December 19, 2022

PEOs, or "Professional Employer Organizations," are businesses created to take over several of the administrative duties that typically fall within a company’s HR department.

December 19, 2022

The article provides an explanation of what an insurance broker is and how they differ from other types of insurance professionals, such as agents and carriers. It also discusses the benefits of using an insurance broker for individuals and businesses.

February 10, 2021

The article explains the differences between an insurance broker and a consultant, including their roles, responsibilities, and the services they provide to help businesses navigate the complex world of insurance.

February 10, 2021

The article explains the role of insurance brokers in the insurance industry and how they can help individuals and businesses find the right insurance policies to fit their needs. It also discusses the benefits of working with a broker, such as their expertise and access to a wide range of insurance options.

February 10, 2021

The summary of the article would be: The article provides an insider's guide on what questions to ask a business insurance broker when looking for coverage, including questions about coverage limits, deductibles, exclusions, and pricing. It also emphasizes the importance of building a strong relationship with a broker who understands the unique needs of a business.

May 9, 2021

The summary of the article would be: The article highlights the key trends in employee benefits for 2023, including the increasing popularity of mental health and wellness programs, greater flexibility in working arrangements, and the growing use of technology to improve benefits administration and communication.

January 11, 2023

Parametric insurance is a great way to supplement traditional catastrophe insurance, minimize exposure gaps, and collect quicker payouts in the event that a natural disaster disrupts your business.

June 2, 2023