COLUMBUS, Ohio, July 2, 2024
/PRNewswire/ -- On July 16, 2024 at
11:00 a.m. eastern time, The National Association of
Professional Insurance Agents (PIA
National) opens its Virtual Coffee Break to insurance
professionals seeking to understand nuclear verdicts, social
inflation, the increased frequency of litigation, and the
availability and affordability crisis that plagues consumers from
state to state, line of insurance to line of insurance.
Joe Petrelli, President,
Demotech, who initiated Demotech's ground-breaking research project
in March 2022 noted: "No one is
closer to the issues challenging consumers and insurers than the
independent agent. They see underwriting guidelines change,
premiums rise, and they have to break the news to their
clients. Demotech's research, undertaken by Todd Kozikowski, identified the business model
that exacerbates every problematic issue the insurance industry
faces."
Todd Kozikowski, Co-founder, CEO,
4WARN shared: "When Joe Petrelli reached out to me regarding
the acceleration of contested claims in Florida for several carriers that became
impaired, I assumed this was a local weather-induced,
geo-centric event. Investigating the targeting tactics of
opportunists led to a nationwide discovery: nearly all
insurers and lines of insurance are being targeted. Additionally,
the business model of 'tech-enabled claim instigation' was
confirmed for the insurance industry as well as nearly every
industry. In addition, the customers of independent agents
are being highly targeted, too."
PIA members and insurance professionals are invited to this
complimentary Virtual Coffee Break. Register for the event at
https://www.pianational.org/detail-pages/event/2024/07/16/webinars/pia-virtual-coffee-break---4warn-demotech.
Come with questions. Leave with answers.
About Demotech, Inc.
Established in 1985, Demotech, Inc. is a financial analysis firm
located in Columbus, Ohio.
Demotech has served the insurance industry by providing objective
and independent Financial Stability
Ratings® (FSRs) for Property & Casualty
insurance companies, Life & Health insurance companies,
and Title underwriters, among others. As the first
company to have its rating process formally reviewed and accepted
by Fannie Mae, Freddie Mac, and HUD, Demotech has been leveling the
playing field by offering FSRs to insurers of all sizes. As
of July 11, 2022, Demotech is
registered with the U.S. Securities and Exchange Commission as a
nationally recognized statistical rating organization (NRSRO) in
the class of ratings for insurance companies. Visit
www.demotech.com for additional information.
About PIA National
PIA is the premier association for professional independent
insurance agents; PIA has provided excellence to its members for 90
years. PIA has members in all 50 states, Puerto Rico, U.S.
Virgin Islands, District of
Columbia, and Guam.
We are able to advance the independent agency system from
coast-to-coast. Visit www.pianational.com for additional
information.
About 4WARN
4WARN is an analytics and services organization delivering
the first risk intelligence data to identify, assess, and mitigate
litigation targeting and claims instigation. Our solutions are used
by insurers, MGAs, reinsurers, transportation and logistics
companies, and departments of insurance to evaluate litigation
risks.
As a team of insurance and analytics experts, 4WARN is dedicated
to raising awareness and analyzing tech-enabled claims and
litigation. Leveraging billions of data points, we monitor, track,
report, educate, advocate, and empower organizations with
data-driven insights to regain control of client interactions.
Visit www.4WARN.com for additional information.
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SOURCE Demotech, Inc.