How fast can you buy homeowners insurance? According to one insurtech, the world record is currently 1 minute and 20 seconds. The potential downside for purchasers is obvious. But what about the downside for such speed merchants? It seems that the trial bar has its eye on these races to the bottom, as evidenced by a recent policyholder law firm blog post.
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I just read an article that referenced a ‘study’ that said that only 11% of ‘people’ find insurance agents and brokers to be trustworthy. I’m reminded of a couple of quotations: “Torture numbers and they’ll confess to anything” and “The Devil can quote scripture to suit his purpose.” That’s why I don’t put a lot of stock into articles and ‘studies’ that appear to be solutions (or conclusions) in search of problems.
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Beginning in April, you will have two options for a 12-hour series of webinars based on the book “When Words Collide: Resolving Insurance Coverage and Claims Disputes.” One option is less expensive and includes access to dozens of other webinars but provides no CE credit. The other option is slightly more expensive but includes CE credit in a number of states. Choose the one that works best for you.
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Take a look at this new Insurance Nerdery video on autonomous vehicle and see how it compares to technology developments in the insurance industry, from comparative rating to insurtech. The similarities are striking.
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An agent wrote a commercial property policy with a Special Causes of Loss form attached. That is,...
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Recently, one of my blog subscribers, Helen Goss, CIC, sent me a link to an insurtech ad that...
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In my recently published book, “When Words Collide: Resolving Insurance Coverage and Claims Disputes,” I include a section on the Top 10 policy interpretation doctrines, including Doctrine #4: The purpose of insurance is to insure.
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Races have rules. What will be the rules that govern data aggregators in the future as to what data they can acquire, sell, and/or use? Are you concerned about this? SHOULD you be concerned about this?
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BONUS! Purchasers of this book get a free PDF download of my book “QuoteNotes: The Ultimate Quotational Reference System and Authoring Tool for Professional Speakers and Writers” endorsed by Zig Ziglar and Brian Tracy. This is an indexed and cross-referenced compilation of my 1,500 favorite quotes and includes a section on how to use quotations in your speaking and writing.
To get BOTH books at a discounted price, click the book cover or CLICK HERE.