Yearly Archives: 2023

Looking for Support on How to Communicate in this Market?

Check out the Hard Market Toolkit brought to you by Trusted ChoiceDuring these challenging times of rising premiums in a hard market, independent insurance agents are more important than ever.​ Trusted Choice has designed the Hard Market Toolkit with you in mind.Resources included:An overview of market conditionsExpert advice for surviving a hard market from savvy independent agentsTalking points for clientsClient email templatesFrequently asked questions from clientsA general communication timeline to keep your agency on trackRemarketing strategy including standards document (fill-in template)Renewal process outlines and strategyPersonal lines and commercial lines renewal formsCustomizable videos and graphics to help your agency stand outACCESS THE TOOLKIT HERE​Source

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NY Work Comp Loss Costs Dropping Again in October

​The New York Compensation Insurance Rating Board announced ​last week that the state Department of Financial Services (DFS)  has approved a reduction in Workers' Compensation insurance loss costs. New York employers will see an average 2.6 percent decrease in the loss costs used to calculate their premiums effective Oct. 1, 2023.You can find the new loss costs in the board's announcement. Source

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Are You An Insurance Nerd? Some Thoughts on National Insurance Nerd Day

I'm told that today, July 18, is national Insurance Nerd Day​. I had no idea. The Hallmark people must have forgotten to print cards for the occasion this year. I will take that matter up with them later. In the meantime, because it is a slow news day Insurance Nerd​ Day, I have been begged bribed threatened asked to pen a few words about this revered date on the calendar.What is an insurance nerd? How do you know if you are one? Well, if you didn't figure it out when you entered kindergarten, here are some signs. With apologies credit to that famous American philosopher Jeff Foxworthy​,…

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