Like every other business, the insurance industry is built on the foundation of customer relationships. Whether you are an insurance agent or an agency/company, strong customer relationship management lies at the core of any business to achieve growth. Insurance CRM systems empower insurance agents and companies to deliver personalized service, improve customer satisfaction, and boost ...
Threads by Instagram: A New Era in Social Media Threads by Instagram has already made history just 2 days since its launch. According to BBC, thirty million users signed up for Meta’s newly launched Threads app on its first day. This makes it the most rapidly downloaded app of all time, surpassing ChatGPT, which was ...
Understanding SIC and NAICS Codes Even with a plethora of industry jargon you can come across in the business world, you never know when your knowledge may get tested. For anyone looking to buy insurance or work as an insurance professional, two terms that come up a lot but are quite mysterious are SIC and ...
Distinguished Programs, a prominent national insurance program manager, is expanding its offerings by launching an Inland Marine program. This program, overseen by industry expert Eric Michel, will provide comprehensive coverage for various Inland Marine exposures such as Motor Truck Cargo, Contractor’s Equipment, and Builder’s Risk. Under the leadership of industry veterans Bill Malloy, Jason Rotman, ...
Inszone Insurance Services recently expanded its network by acquiring Jackson Insurance Solutions, a reputable firm based in New Mexico. This strategic move has increased Inszone's presence in 11 states. Founded in 2010, Jackson Insurance Solutions is known for providing outstanding services to individuals and businesses in the Albuquerque area. The acquisition allows the firm to ...
It’s been about a year since GEICO closed all 38 of its California agent offices. This resulted in over 100 job losses, including cuts in the marketing function. Now, we are discussing another round of layoffs at GEICO. These cost-saving measures led to a significant profit in Q2 2023, but at the expense of 300 ...
Farmers Insurance Group Layoffs Announcement Farmers Insurance Group has recently announced plans to lay off approximately 11% of its workforce. This decision, made by CEO John Thompson, aims to create a more efficient organization in response to macroeconomic challenges. Thompson emphasized the need for decisive actions to ensure sustainable profitability. Challenges Faced by the Insurance ...
The key difference between insurance broker fees and commissions is how insurance professionals get paid. Broker fees are charges paid by policyholders directly to brokers for their service in finding the right coverage. Conversely, commissions are percentage-based payments agents receive from insurance companies when policies are sold. Now, let’s dive into the details! ### Insurance ...
Expanding Your Insurance Business Across State Lines Expanding your insurance business often involves venturing across state lines. However, with this expansion comes the crucial task of securing non-resident insurance licenses. Understanding the landscape of non-resident insurance license fees is essential as it varies significantly from one state to another. Exploring Non-Resident Insurance License Fees Let’s ...
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