An insurance software firm and a provider of building cost data and estimating technology for property insurance have formed a partnership they say will improve the speed and workflow efficiencies for agents handling homeowners insurance applications.
Sircon Corp. announced the release of its newest web-based compliance service, ProducerEDGE, giving agents, adjusters, customer service representatives and other insurance licensees the ability to manage their own licensure and compliance online.
Hartford Steam Boiler Inspection and Insurance Co. has streamlined agent access to equipment breakdown policies with their Vertafore agency management systems, the company said.
Frederick Mutual Insurance Co. has selected PremiumBill from Vertafore, a provider of market-leading software and services for the insurance industry, to handle the company’s billing needs.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.