With the rise of apps like Uber, Airbnb and more, what changes should agents and consumers be aware of when it comes to adequate coverage? Does working for on-demand jobs make someone an employee? Who carries the risk in a sharing-economy?
Technology is a necessity of the modern business world, especially in insurance. The efficiencies, cost savings, data and business insight that technology can provide will make us better as an industry and help us all to grow.
While chatbots and AI are instantly scalable, they still have limitations — for instance, some edge case scenarios still require interventions from human service agents. The other disadvantage is the lack of a genuine human connection.
Transparency of underwriting rules lets consumers know if they’re being treated fairly by their insurers. Underwriting rules are the criteria insurance companies use to determine whom to insure, what they will insure, and whether to renew an existing policy.
California Insurance Code (CIC) section 1666.5(a) requires the California Department of Insurance (CDI) to collect a social security number if the license applicant or licensee is an individual applying for or renewing an insurance license.
In addition, non-resident insurance producers and adjusters, applicants who were not previously fingerprinted as a condition of obtaining an insurance producer license in their resident state must submit fingerprint impressions for the complete background check stated above.
© 2025 Trusted American Insurance Agency, All Rights Reserved | Lic. 0J15378
