Midwest Insurance Brokerage Service, Inc. (MIBS)

Happy Marketing Monday!! Below are some posts that you can share with your network on your agency pages. ⭐

Have you heard of a kitty cat storm? A cluster of storms can create a lot of property damage potential- here's what it means for home insurance. https://www.liveinsurancenews.com/home-insurance-kitty-cat-storms/8559314/

When it comes to healthcare out-of-pocket costs, an HSA account can be your best friend. Here is how these accounts work > https://insurancenewsnet.com/innarticle/how-an-hsa-can-help-you-save-on-health-care-expenses

Cyber attacks are still on the rise, with ransomware still at the forefront of risks. Are you protected? https://riskandinsurance.com/cyber-claims-ransomware-attacks-reach-record-levels/

Want to win more customers? As an agent, focusing on digital can be the key. From social media to online documents and easy signup processes, digital experience can make insurance accessible to consumers. https://www.liveinsurancenews.com/insurance-agents-want-to-succeed/8559326/

As healthcare costs rise, insurance premiums and claims processes have to adjust. Read more here > https://www.insurancebusinessmag.com/us/news/life-insurance/report-reveals-escalating-healthcare-costs-in-the-us--with-serious-insurance-implications-490637.aspx

Do any of your clients have property in hurricane zones? Be sure they are preparing for this year's storm season and reviewing coverage. https://insurancenewsnet.com/oarticle/get-a-head-start-on-hurricane-season

MIBS will be closed in honor of Memorial Day. We are wishing you beautiful weather and a safe holiday.

Small and medium sized businesses are facing more risks than ever- how do we address their risks? https://www.insurancebusinessmag.com/us/news/sme/whats-key-for-smb-insurance-coverage-481598.aspx

Health care facilities are an attractive and vulnerable target for cyberattack- that's why they keep getting hit. Cyber insurance can help them recover. https://riskandinsurance.com/ransomware-ravaging-healthcare-why-cybercriminals-target-vital-institutions/

Happy Marketing Monday! Here are some posts that you can share on your agency pages.

May is Motorcycle Safety Awareness Month! Above all, share the road with motorcycles and take care around them on the road ↓ https://www.rockfordmutual.com/blog/sharing-road-motorcycles-10-crucial-techniques-every-driver-should-follow

Do you know what disability insurance is? Here's what it covers, and why having this type of coverage can give you peace of mind. https://www.cnbc.com/select/what-does-disability-insurance-cover/

Live in a wildfire-prone area? Have an old home? Here’s how to get a high-risk house covered. https://www.cnbc.com/select/how-to-get-homeowners-insurance-for-a-high-risk-home/

Nearly half (49%) of U.S. auto insurance customers say they are actively shopping for a new plan. Are your clients covered? https://www.insurancejournal.com/news/national/2024/05/03/772568.htm

AI is finding widespread use cases- but what about for underwriting? https://www.insurancebusinessmag.com/us/news/technology/do-underwriters-trust-ai-485848.aspx

The first quarter of 2024 marked a shift in the commercial insurance landscape, with rates rising at a slower pace compared to the previous quarter. https://riskandinsurance.com/u-s-commercial-insurance-see-moderate-hikes-q1/

Inflated costs for home insurance have led to people seeking a la carte coverage rather than a full insurance policy. This trend is on the rise >

Spiraling insurance costs spur homeowners to seek a la carte coverage Due to spiraling homeowners insurance costs, more people are opting for insurance coverage for what they might truly need, a la carte.

In 2023, email security emerged as a critical aspect of cyber risk management. Are you covered in the case of a cyber event?

Cybercrime Surges in 2023, With Business Email Especially Vulnerable - Risk & Insurance As cybercrime claims activity rises, Coalition's report emphasizes the critical role of robust cybersecurity measures.

Happy Marketing Monday! Here are some posts that you can share with your network.

It's getting warm! As you plan any summer camping trips, keep in mind that coverage is important. Whether you have a motorhome, trailer, camper, or have another name for your recreational vehicle, be sure your policy ensures that you are financially protected. https://www.liveinsurancenews.com/rv-insurance-coverage-season/8559028/

Disability insurance can replace lost income if you can’t work because of a health issue unrelated to your job. In 2023, however, only about half of U.S. workers had disability insurance- are you underinsured? https://www.cnbc.com/select/what-does-disability-insurance-cover/

As insurance carriers are about to announce first quarter 2024 financial results, most analysts, company executives, and others are predicting a good – or even better – outlook than expected >

As Q1 2024 earnings near, insurance industry outlook brightens As first quarter 2024 financial results near, most analysts and execs predict a good – or even better – outlook for insurance carriers.

Natural catastrophes have driven hundreds of billions of dollars in insured losses so far this decade, and some have questioned the adequacy of catastrophe models used by insurers to underwrite risks.

Do we rely too much on catastrophe modeling for insurance? This big insurance brokerage head thinks so

When it comes to hospitals and other health care facilities, cyberattacks are not as far away as one might think. That’s because these systems are extremely appealing to cybercriminals.

Ransomware Ravaging Health Care: Why Cybercriminals Target These Vital Institutions Health care facilities are an attractive and vulnerable target for cyberattack. Understanding the cyber landscape and getting the right insurance team in place is just the start to stopping cybercriminals in their tracks.

Happy Marketing Monday! Here are some posts that you can share with your network:

We all hope to remain healthy and independent throughout our lives - but life can be unpredictable. If you were ever to need some type of long-term care, would you be financially prepared? https://insurancenewsnet.com/oarticle/what-should-you-know-about-long-term-care-5

As employee benefits costs rise with policy costs, it's important to keep employee contribution in mind as this is a big talent retention point. Here's a great resource for your business > https://riskandinsurance.com/employers-focus-on-cost-reduction-amid-rising-health-care-costs/

When your homeowners insurance policy reaches the end of its term, your carrier may decide not to renew- if that happens, here's what's next > https://www.cnbc.com/select/homeowners-insurance-nonrenewal-what-to-know/

The cyber insurance market is maturing, yet a significant proportion of cyber risks remain uninsured, according to a recent report.

Cyber Insurance Market Growth Hindered by Uninsured Risks - Risk & Insurance Despite a maturing cyber insurance market, Munich Re's report reveals a significant gap in coverage, with 87% of decision makers feeling inadequately protected against cyberattacks.

Happy Marketing Monday! Here are some posts that you can share with your network.

Does your auto insurance cover hail damage? We can help you review your coverage. https://www.cnbc.com/select/does-car-insurance-cover-hail-damage/

Feeling concerned about the economic future of your family and the country? Having the right insurance protection can help ease your stress. https://insurancenewsnet.com/innarticle/level-of-financial-insecurity-remains-high-study-finds

There's a bill on the table that could change auto insurance in Illinois- here's what you need to know >

Illinois bill would add restrictions for insurers While some states try to unravel rules driving carriers away, one takes a different path

Happy Marketing Monday! Here are some posts that you can share with your network:

Auto insurance- we all need it, but do we understand it? Sometimes policies can look different between a leased vehicle and one that you own. Here's some details for you > https://www.cnbc.com/select/car-insurance-lease-vs-owned/

Did you know not all dog breeds will be covered in your home insurance policy? If you own any of these 10 breeds, it won't hurt to look out for in your policy details. https://www.liveinsurancenews.com/10-dog-breeds-excluded-insurance/8558450/

Do I need a disability insurance policy? Close to one in four Americans who are 20 years old in 2024 will face a disability that interferes with their ability to work before they reach 67, according to the Social Security Administration (SSA). Having a financial plan in place can make all of the difference, and insurance is a great place to start. https://www.cnbc.com/select/what-does-disability-insurance-cover/

AI in Insurance Claims is here! Here’s how carriers and claims handlers are using AI in their claims management processes today — and the barriers they face going forward.

Three Benefits and Three Challenges of Implementing AI in Claims Management Many claim handlers are already using AI in their processes to some extent, but realizing its full potential could be hampered by a lack of tech talent and access to adequate data.

Happy Marketing Monday! Here is a fresh set of posts you can share on your agency pages:

Small projects can mean big rewards as a homeowner. If you have a vision, bring it to life! ↓ https://www.rockfordmutual.com/blog/8-smart-ways-increase-value-your-home

Travel insurance is a way to be sure your vacation is protected- here's what it can do for you > https://www.cnbc.com/select/best-family-travel-insurance/

Now more than ever, Small and Medium sized businesses in the restaurant space are facing mounting risks to their enterprises, such as staffing issues, severe weather events and inflation. Here's where insurance can help > https://www.insurancebusinessmag.com/us/news/sme/whats-key-for-smb-insurance-coverage-481598.aspx

Can an insurance carrier reject a homeowner's claim if it is late? Here's what the Supreme Court of Colorado thinks > https://www.insurancebusinessmag.com/us/news/legal-insights/can-an-insurance-carrier-reject-a-homeowners-claim-if-it-is-late-481599.aspx

Could this be a precedent that other states may follow? 🤔

Can an insurance carrier reject a homeowner's claim if it is late? State Supreme Court lays down important decision in Safeco case

Here's a for you- Leverage client testimonials and success stories! ⭐

What better way to highlight your success than to share client testimonials and success stories? Seems like a no-brainer, doesn't it? However- are you leveraging these great reviews to their fullest potential?

Customers success stories can be a yelp or google review, but you can also use written testimonials, video interviews, or quotes from satisfied clients.

When sharing testimonials, focus on specific outcomes or benefits that clients have experienced, such as how your agency helped them save money on their premiums, provided excellent customer service during a claim process, or offered tailored insurance solutions to meet their unique needs. Always ensure that you have permission from clients to share their testimonials publicly.

You can also create dedicated posts or campaigns around client appreciation, thanking your clients for their trust and loyalty. Encourage satisfied clients to leave reviews on platforms like Google My Business, Yelp, or your agency's page, as positive reviews can also influence potential customers' decisions.

The bottom line- sharing reviews creates tons of value for you. Highlighting positive experiences from real customers helps build trust and credibility for your agency. 📈

As we move further away from the COVID-19 pandemic, Healthcare is stabilizing into a new landscape- with new risks.

What's happening in the healthcare management liability market? "Appetites rapidly changed" in a post-pandemic world

Being authentic with your clients can bring in extra business- here's why >

Insurance industry – it’s time to be authentic Swiss Re head on staying true to yourself

What's driving P&C rate hikes? Some of the states seeing the biggest rate increases say they’re experiencing a “perfect storm” of conditions that drive up costs, read more >

P&C rate hikes expected to continue; what’s driving costs up? High inflation, increased claims costs, climate change and fraud are driving major increases in insurance rates across the United States.

Happy Marketing Monday! We've got a fresh set of posts for you to share with your networks!

Travel insurance is a way to be sure your vacation is protected- here's what it can do for you > https://www.cnbc.com/select/best-family-travel-insurance/

With spring just around the corner, it is a great time to check in with your insurance. Contact us to help! https://magazine.northeast.aaa.com/daily/money/homeowners-insurance/time-spring-clean-insurance-policies/

Is your travel insurance ready for spring break? Make sure that when you have fun, you're not violating your policy. https://www.liveinsurancenews.com/travel-insurance-spring-break/8558260/