However, the company’s car insurance segment took a significant hit primarily due to inflation, which pushed up the cost of auto parts. In its latest financials, State Farm disclosed that it has incurred around $13.2 billion in underwriting losses. This prompted the insurer to increase rate...
Additionally, insurance adjusters who hold specific designations, such as the Chartered Property Casualty Underwriter (CPCU) designation, may be exempt from some continuing education requirements. These designations demonstrate a higher level of expertise and knowledge in the insurance industry. Continuing ...
Life insurance beneficiaries can choose how to receive the policy’s death benefit. Learn about the payout options, claims process, and beneficiary designations.
I graduated from Central Washington University with a B.S. in Finance. My lifelong learning allowed me to obtain the CPCU®, CLU®, and ChFC® designations. I grew up in Washington State and lived in Florida before opening my agency in 2007. ...
Who Should Get Term Life Insurance? Term life insurance can create peace of mind for anyone who chooses to buy a policy, especially for those described below: The main (or only) breadwinner A term life policy can serve as an income replacement for those who depend on you. ...
Take the pre-licensing courses. Before you can become a Florida insurance broker, you must take 200 hours of pre-licensing courses. The Florida Department of Financial Services will waive the pre-licensing requirement if you have a Chartered Property Casualty Underwriting designation (CPCU). It wil...
The easiest way to start a career in underwriting is to get an education. A bachelor's degree with coursework in math, accounting, economics, and any other related field helps. Make sure you have the right skills, including analytical and communication skills, and get certified. Once you have...
Cleanup efforts:A large amount of oil or natural gas is likely to leak before the flow can be capped, and these materials, which are usually highly toxic and damaging, have to be cleaned up and kept from spreading. Restoration and redrilling expense:After control of a well has been regaine...
The AIC designation was developed in part by the National Association of Independent Insurance Adjusters (NAIIA). To obtain the AIC, candidates must complete a rigorous examination administered by The Institutes Knowledge Group. The average course takes six to eight weeks and the program takes nine ...
If helping people buy or sell real estate is work that you'd like to do, then the six steps below can help you get started. Key Takeaways You can become a real estate agent in less than six months, depending on where you live and how much time you dedicate to the process. ...