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Posts tagged with carrier - carrier

How Warren makes big bucks on specialty markets!

Author AdrianHolloway , 3/4/2015

How to make  more money - with easy and quick access to competitive markets and with the right time-saving and money making tools.

"I have been using CompleteMarkets for 4-5 years. Their introduction to specialty markets has allowed me to book over $200,000 in premium that I would have not placed. Thank you CM." - Warren  Blesh, Jan 6, 2015. Member Since: June 2011

Will Buying Commercial Insurance Direct Impact Independent Insurance Agencies?

Author PhillipFloresCM , 12/10/2014

I recently received a piece of direct mail from my personal insurance provider, which is a major carrier, trying to solicit my business insurance. After some digging I found that most carriers are now targeting consumers to buy commercial insurance direct and online—eliminating the independent insurance agents all together. Some of the big carriers offer quotes on their website while others refer you to one of their agents or a call center.

I got curious, how many business owners would actually consider purchasing their commercial insurance coverage direct and why?

After some research I found a study done by Deloitte in July 2013.

Of 751 respondents:
  • 51% said they are very likely or somewhat likely going to purchase business insurance online directly from the insurer.
  • 49% of respondents said they were not likely going to buy online or direct from the carrier.
  • Of the 51% that would purchase direct and online, ¼ of the individuals would expect a discount of 10% or less and 1/3 of the individuals would expect a discount between 11% and 15%.
  • The most popular line of service to be purchased online, of the respondents, is 67% general liability.

With the sudden interest in purchasing commercial insurance direct and online what are your thoughts for the industry? Will it affect independent insurance agents? Will consumers purchase online?

Below is the letter I received in the mail.

All Risks, Ltd. introduces a Nationwide Insurance Program to the Ice Rink Industry

Author EdwardMurayama , 1/17/2013

All Risks, Ltd. announced today that its National Specialty Programs unit has introduced an Ice Rink Insurance Program, called RinkPro. This nationwide insurance program is supported by a dedicated Program Manager and a carrier rated “A XV” by A.M. Best, featuring committed claim and loss control services and no minimum premium.  Timothy Sullivan, our professional Ice Rink Program Manager, knows the risks associated with the rink industry, with 20+ years writing coverage for this class of business.

All Risks, Ltd. Opens Virginia Manufactured Home Quoting Platform with Aegis Security Insurance Company

Author EdwardMurayama , 12/18/2012

All Risks, Ltd. is pleased to announce that its Admitted Personal Lines unit has opened an online quoting platform for Manufactured (Mobile) Homes in Virginia with Aegis Security Insurance Company, a solid A.M. Best “A” Rated Carrier.  Through this program, Property and Liability coverages are available to mobile homes with no age limit, provided they are in good condition. Optional coverages include Open or Named Peril Coverage, Additional Living Expenses, Fire Department Service Charge, Emergency Removal Coverage, Tree/Shrubs/Plants/Lawns, Debris Removal, and Credit Card, Forgery, Counterfeit Money and Phone Card Coverage. The user-friendly online quoting system allows agents to get indications in less than a minute that can be printed or emailed to clients. Policies are mailed directly to the client, with multiple billing options and reliable claim services.


Author EdwardMurayama , 11/20/2012

CITA Insurance Services, a division of Brown & Brown Program Insurance Services, Inc. is a leading national provider for Insurance Agency E&O Insurance.

Coverage provided by a national admitted carrier rated A (Excellent) by AM Best. Limits available up to $5,000,000. CITA provides quotes quickly in all states with NO broker fees, competitive rates, and LOW COST payment options! Program is offered directly to Insureds and includes coverage for services performed as a property & casualty agent, and as a life, accident, and health agent.

Chemical Manufacturing and Distribution Companies

Author EdwardMurayama , 11/16/2012

Insurance Sloan Mason Insurance is pleased to announce access to a program with an 'A' rated carrier, which provides General Liability-Pollution and Umbrella for Chemical Manufacturing and Distribution Companies Insurance.

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