Excess Insurance or Reinsurance for Self Insurance

| May 6, 2016

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Excess insurance for workers compensation claims is purchased by employers who self-insurer their worker's compensation obligations as a statutory requirement, either individually or as part of a group.

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Meadowbrook Insurance Group, Inc

Founded in 1955, Meadowbrook Insurance Group focuses on three segments of the specialty insurance marketplace: insurance carrier operations, insurance services, and retail/wholesale insurance services. Our insurance carrier operations include two specialty areas; programs and specialty excess & surplus lines. Our three non-risk bearing operations are risk management services, administrative and back office services and retail/wholesale insurance services. We have six insurance carriers and are licensed on both an admitted and non-admitted basis in all 50 states.

OTHER ARTICLES

How Is COVID-19 Impacting the Insurance Industry?

Article | March 30, 2020

As the COVID-19 situation unfolds, governments around the world have a responsibility to look after their people, and most are doing exactly that with the resources they have at hand. Apart from government bodies and healthcare establishments, in unforeseen circumstances such as this involving loss of lives or jobs and the collapse of entire businesses, people are also looking to insurance organisations for support.

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The economy is slowing down: what does it mean for insurance companies?

Article | April 21, 2020

Since 2010, as countries waded out of the recession of 2008, they enjoyed economic growth. Coupled with technological innovation, the global economy really got a boost. But, mirroring Nature’s cycles, it seems it is now time to hit a plateau and slow down. In this article, we explore why the slowdown could be happening and more importantly, what it means for us in the insurance industry.

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3 ways AI is transforming the insurance industry

Article | February 24, 2020

As AI, big data, and the internet of things (IoT) find their way into every aspect of our lives, many industries are undergoing a transformation. “Insurance executives believe that artificial intelligence (AI) will significantly transform their industry in the next three years, with insurers investing in AI to empower agents, brokers and employees to enhance the customer experience with automated personalized services, faster claims handling and individual risk-based underwriting processes,” consulting firm Accenture forecasted in 2017.

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Social media intelligence for insurance?

Article | April 21, 2020

In the financial services industry, reliance on big data has been increasing at a global level. The usage is not limited to marketing purposes alone but extends to fraud and risk prevention. Customer demand for personalised products is responsible for this shift. The future of insurance is also being shaped differently due to this. The current lengthy questionnaires won’t be needed at all. Just the data collected will help to accurately predict risk and create policies customised to the person’s needs.

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Spotlight

Meadowbrook Insurance Group, Inc

Founded in 1955, Meadowbrook Insurance Group focuses on three segments of the specialty insurance marketplace: insurance carrier operations, insurance services, and retail/wholesale insurance services. Our insurance carrier operations include two specialty areas; programs and specialty excess & surplus lines. Our three non-risk bearing operations are risk management services, administrative and back office services and retail/wholesale insurance services. We have six insurance carriers and are licensed on both an admitted and non-admitted basis in all 50 states.

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