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What's New
Find out about the latest improvements we’ve made, new products we’re launching, training courses we’re offering, and much more… all to help you succeed.
The future looks bright! Introducing Agent for the Future Advisors
March 26, 2024
Since 2017, Agent for the Future has been providing independent agents the resources and insights they need to grow and succeed.
The newly launched Agent for the Future Advisors team – bringing to the table more than 50 years of combined experience advising independent agents – can help you use those resources and insights to make your agency more efficient, adaptable and profitable.
Agent for the Future Advisors offer tailored guidance on vital topics, including:
The latest research on insurance trends and shifting consumer expectations
Digital tools and technology to help you adapt to industry changes
Effective sales enablement tactics and customer engagement strategies
To learn more and get started, visit Agent for the Future.
Since 2017, Agent for the Future has been providing independent agents the resources and insights they need to grow and succeed. The newly launched Agent for the Future Advisors team – bringing to the table more than 50 years of combined experience advising independent agents – can help you use those resources and insights…
We’re exiting the hotel/motel market
March 26, 2024
Due to weather-related catastrophes, record inflation, the high cost of rebuilding and other industry-wide liability trends, Liberty Mutual has faced heavy losses and deteriorating loss ratios in the hotel/motel segment for quite some time.
Given these persistent adverse market conditions, we will be discontinuing new business for hotel and motel operations effective June 1, 2024. This change applies to all lines of business.* Note that we will also begin to non-renew existing policies later in 2024. We’ll notify you once we have a clear timeline for when these non-renewals will begin.
We understand the inconvenience these changes will create and hope the advance notice will give you and your customers enough time to explore other options for coverage.
*Builders risk policies for hotels and motels will remain within appetite.
Due to weather-related catastrophes, record inflation, the high cost of rebuilding and other industry-wide liability trends, Liberty Mutual has faced heavy losses and deteriorating loss ratios in the hotel/motel segment for quite some time. Given these persistent adverse market conditions, we will be discontinuing new business for hotel and motel operations effective June 1, 2024.…
Multiple states: Introducing credit-based insurance scores as a workers compensation underwriting variable
March 26, 2024
States affected: AZ, FL, IA, ID, NJ, NY, PA, VA, VT and WI
Late last year, we updated the model we use to assess and underwrite risk for workers compensation. Effective March 22, we added the business owner’s credit-based insurance score to our underwriting model to underwrite these risks even more accurately.
How it works
When quoting a new policy, you will be asked to provide the business owner’s name, home address, date of birth and permission to run a soft credit check, which will not affect the owner’s credit. For businesses with multiple owners, enter information for the person primarily responsible for day-to-day financials, such as the chief financial officer.
You will have the option to skip a credit check for an initial quote, but keep in mind that we will need to run a credit check before you can bind the quoted policy. Quotes generated without a credit-based insurance score may not be accurate.
Declined risks
If eCLIQ® declines a risk after you provide the business owner’s information, it will indicate if the credit-based insurance score was a contributing factor.
In these cases, you will be given the option to send your customer an Adverse Action Notice describing the reasons for the decline through the agent portal.
States affected: AZ, FL, IA, ID, NJ, NY, PA, VA, VT and WI Late last year, we updated the model we use to assess and underwrite risk for workers compensation. Effective March 22, we added the business owner’s credit-based insurance score to our underwriting model to underwrite these risks even more accurately. How it works…