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IMS Partners with Hippo Insurance

LISTEN TO ARTICLE HEREOr read on...​In a recent meeting, Independent Market Solutions, LLC (IMS) and Hippo Insurance Company joined forces to provide homeowners with an unparalleled insurance experience. The collaboration aims to revolutionize the way individuals safeguard their homes, combining advanced technology, swift policy processing, and comprehensive coverage. With a focus on specialization, efficiency, and cutting-edge solutions, Hippo Insurance is set to reshape the home insurance landscape. Your agency can sign up today at IMSaccess.com.Hippo has carved a niche for itself by specializing in one insurance policy the HO3. This specialized policy allows homeowners to protect their property, and possessions, with tailored coverage. By narrowing…

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You’re In Control

​By: Carey Wallace Over the past 18 months, we have experienced the highest interest rates since 2000, with them peaking at 7.08% in November of 2022. Over one-third of the independent insurance agencies in the U.S. anticipate a change in ownership in the next two years, which means that over 13,300 agencies will transition ownership according to the 2022 Agency Universe Study. Many agency owners plan to transition their ownership to family, children, or a current partner, and if a bank loan is involved the change in interest rates can have a significant impact on the price of their agency and their retirement. Now more…

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Court Authorizes NYS DFS to Liquidate UPC’s New York Assets, Handle Claims

​A Manhattan court has granted the New York State Department of Financial Services' request to be appointed as ancillary receiver of United Property & Casualty Insurance Co. (UPC.) The order enables DFS to liquidate the insurer's New York assets and resolve claims that may be insured under its policies. If you have clients who were insured by UPC, you should advise them now that they have until Feb. 27, 2024 to submit claims.As we previously reported, Florida-based UPC was declared insolvent earlier this year by the Florida Department of Financial Services. A court appointed the Florida department as the insurer's receiver, giving it authority to…

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