Tuesday, June 30, 2015

Senn Dunn Insurance Customer Service Representative (CSR) Recognized as Outstanding in North Carolina

Senn Dunn Insurance, a Marsh & McLennan Agency LLC Company, is pleased to announce that Kelly Leishman, AINS, CBIA, an Account Manager in their Wilmington office, has been named the 2015 Outstanding CSR of the Year for the state of North Carolina by The National Alliance for Insurance Education & Research. 

Congratulations Kelly!

Thursday, June 25, 2015

How do nurses impact workers' comp claim costs?

Medical and total loss dollars are reduced by double-digit percentages when nurses become involved on a workers’ compensation claim, according to a report from Liberty Mutual Insurance and its wholly owned third-party administrator, Helmsman Management Services.

Based on the findings from an internal study of 42,000 claims, a nurse’s participation in the workers’ comp process decreases a claimant’s future medical costs by 18% and overall costs by 26%. The study, “The N Factor: How Nurses Add Value to Workers’ Compensation Claims,” pulled data points across four categories:


Source: www.propertycasualty360.com

Monday, June 22, 2015

The high cost of insuring a teen driver

Parents pay an average of 80 percent more for car insurance after adding a teen driver to their policy.

The highest jump in premiums—96 percent—comes from placing a 16-year-old driver on a policy while the average impact decreases to 60 percent at age 19, according to an insuranceQuotes.com report.

Premiums in New Hampshire jump 115 percent the most of any state when adding a teen driver. Teen drivers cause premiums to more than double in four other states: Wyoming (104%), Illinois (104%), Maine (103%) and Rhode Island (102%).


Source: www.insurancejournal.com

Thursday, June 18, 2015

5 important things millennials should know about insurance

Millennials are the largest and most educated generation in the U.S., and they’re changing the world like never before. Which is why it’s surprising to learn that they are also the most underinsured generation, a striking fact which also presents a big opportunity for advisors.

Last year, a survey from InsuranceQuotes.com revealed that roughly one in four adults aged 18 to 29 do not have health insurance. In addition, millennials are also the least likely age group to have other basic types of insurance like auto, life, homeowners, renters and disability.


Source: www.propertycasualty360.com

Tuesday, June 16, 2015

Welcome to the future: Here's what insurance 2.0 means for you

In his song, “Welcome to the Future,” Brad Paisley sings about how as a child he wished he could watch TV in the car on long drives, describes the letters his grandpa wrote to his grandma from Japan during the war and how he was on a video chat with a Japanese company that morning, and muses that the games he played at the arcade are now available on his cell phone.

Technology is changing everything and its successful implementation is quickly becoming a key differentiator for insurers. New products are entering the market at an alarming rate and insurers, auto makers and other industries are scrambling to catch up with the innovations customers are seeing from Google, Apple and Microsoft.


Source: www.propertycasualty360.com

Wednesday, June 10, 2015

Before hurricane watch turns to warning

The Atlantic hurricane season runs June 1 to November 30 each year. Residents of Atlantic and Gulf coastal areas should have a plan in place for rough weather. The National Hurricane Center monitors tropical storm activity as it develops, issuing a hurricane watch or warning as necessary.


Source: http://blog.cinfin.com/

Monday, June 8, 2015

Your roof may be aging faster than you realize

The roof of your home is its first line of defense against the elements. But as a roof ages, its ability to protect lessens. The manufacturer’s estimated lifetime rating for roof shingles is determined under ideal circumstances, but actual conditions that your roof endures could be far from ideal.


Source: blog.cinfin.com

Thursday, June 4, 2015

NOAA predicts below-normal Atlantic hurricane season

According to the National Oceanic and Atmospheric Administration’s (NOAA’s) Climate Prediction Center the 2015 Atlantic hurricane season will likely be below normal. NOAA released its predictions this week, May 24-30, which is National Hurricane Preparedness Week. But lesser storms that don’t reach hurricane force can still be a major factor for coastal areas.

For the hurricane season, which officially runs from June 1 to November 30, NOAA predicts a 70% likelihood of six to 11 named storms (winds of 39 mph or higher), of which three to six could become hurricanes (winds of 74 mph or higher), including zero to two major hurricanes (Category 3, 4 or 5; winds of 111 mph or higher). There also is a 20% chance of a near-normal season, and a 10% chance of an above-normal season.


Source: www.propertycasualty360.com