October 4, 2023
millerinsFiling an auto insurance claim (and when you might not want to)
Your driving record is a key component that determines how much you pay for auto insurance. A single accident can really cost you, especially if there’s significant property and medical damage. Premiums can increase by almost 50% after an at-fault accident claim, according to an analysis by The Zebra, an insurance comparison website. As you might […]
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 […]