January 28, 2025
millerinsWhy are insurance companies focused on trees overhanging your house?
Insurance companies are concerned about trees overhanging your house because of the potential risks they pose. If a tree is too close to your home, it could cause damage in various ways. For example: Falling branches or trees: During storms or high winds, large branches or even the entire tree could fall, damaging your roof, […]
July 5, 2023
AgencyHow Insurers Make Money
Insurance companies primarily make money in two ways: from investments and by generating an underwriting profit—that is, collecting premiums that exceed insured losses and related expenses. It all begins with underwriting. Insurers, whether life or nonlife, must assess the risk and gauge the likelihood of claims and the value of those claims. Insurance companies invest […]