Advanced Insurance Systems

04/30/2022

02/12/2018

Since 1984, we have helped over 500 Insurance Companies, Agencies, Managing General Agents & Independent Premium Finance Companies setup and maintain their premium finance business.

Our team of legal, IT and software specialists will guide you through the entire process of setting up your turnkey premium finance system.

Want to know how to Maximize your Profits and Minimize your Risks? Check us out at http://www.FinanceMaster.com

08/31/2016

According to data from the state Department of Insurance, only 21% of the residences in Louisiana are covered by flood insurance. The data also suggests that properties further from the coast are least likely to secure flood insurance.

The recent flooding that affected parts of south Louisiana was so severe that experts are now encouraging everybody in the state to secure flood insurance, regardless of where their properties lie on the flood map. "I think everyone in Louisiana should ha

08/30/2016

Drowsy driving is not a new traffic safety problem. However, the recognition of drowsy driving as a significant public health and traffic safety issue has only recently been made a priority. In March 2015, the National Highway Traffic Safety Administration announced the agency would take a comprehensive approach to preventing the tragedies attributed to driver drowsiness or fatigue.

The decision to get behind the wheel or stay on the road despite feeling drowsy can be deadly. A new report from the Governors Highway Safety Association, " Wake Up Call! Understanding Drowsy Driving and What States Can Do," points out that nearly 83.6 mi

08/26/2016

Using a home inventory to document an insurance loss The inventory can be neatly handwritten, on an Excel spreadsheet, on a form downloaded from the internet, in a detailed, narrated video of your belongings from room to room, in information added to an app or in some other form of record. What’s important is that every item is accounted for, with as much detail as possible.

When you have a loss to the contents of your home, from a burglary or fire, for example, your carrier will ask for a detailed list of what's been lost or damaged. Here are some tips agents and brokers can use to assist their clients in documenting damage

08/25/2016

The pace of adoption for telematics in usage-based insurance (UBI) is nearing a tipping point. Experts forecast 60M-100M global UBI policies by 2020, which conservatively represents a growth rate of 60-70 percent per year. IHS Automotive predicts that 86 percent of new vehicles sold next year will have connectivity to the Internet.

The use of telematics data in claims likely holds more value for your organization than the use of this data in underwriting. This assertion may not be capturing many headlines, but telematics integrated into the claims process represents a powerful propo

08/24/2016

These are just the latest reminders of the potentially devastating effects of flooding — one of the biggest natural hazard risks for businesses, as it can happen anywhere at any time. While you can’t always prevent the damage, you can take steps to better manage the insurance claims process.

In the last week, more than 40,000 homes and businesses have been damaged by flooding across Southern Louisiana. At least 13 people have been killed, while thousands more remain in emergency shelters, and roads and other infrastructure remain inaccessible

08/24/2016

If your car is damaged or destroyed—whether in a collision with an object or another driver’s vehicle, or by fire, weather or other event—being prepared before an accident happens can get you back on the road a lot faster.

after taking necessary safety precautions, using your smartphone or camera to take pictures of the damage and the accident scene can help document your claim. And, of course, be sure to keep track of expenses related to repair, such as towing, rentals, et

08/22/2016

At least 73 percent of respondents don’t have a flood insurance policy that is separate from their homeowners coverage and more than 40 percent of those surveyed don’t have or don’t know if they have coverage that will fully replace their belongings and home in the event of a disaster.

Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes.

08/17/2016

As a homeowner, you probably think you have a pretty good idea of everything that your insurance policy covers. You might be (pleasantly) surprised to find that the policy actually covers more than just the run-of-the-mill accidents.

Most homeowners purchase a standard homeowners' insurance policy and rarely take the time to read it after they receive it from their agent. They may skim it to determine what kind of coverage exists if their contents are lost or stolen, or if their hot w

08/15/2016

6 things to know about white collar crime

On the following pages, from the types of industries most afflicted by employee fraud to mitigation tips, here's what you need to know about employee embezzlement:

The financial services industry faces the greatest threat of employee theft, with 17 percent of embezzlement cases occurring at these organizations with less than 500 employees. In addition, the professional services industry has the highest median loss,

08/10/2016

Insurance fraud is an $80 billion-dollar-a-year enterprise, and as fraudsters become more daring, investigators are using a broad range of tools to capture them:

Technology permeates every aspect of our lives, from the way we buy our goods to how we monitor our kids and homes, and it is also having a tremendous effect on the insurance industry.