Show Notes 00:00: Hard Market vs Soft Market: What is it? What’s the difference?03:14: What is an exposure?05:14: How does hurricanes and wildfires affect your insurance in Missouri?08:24: How do insurance companies make money?13:48: Mutual vs Stock Insurance Company: Is one better?15:23: Reserve requirements: What are they and the impact they have on insurance companies […]
Insurance Company
Insurance Company vs Insurance Agency
Insurance Company vs Insurance Agency – these terms are thrown around synonymously all of the time. Yet they are two distinctly different entities. What is an Insurance Company? Insurance Company is who you pay your premiums to. Your Insurance Agent may take the money from you, but the Insurance Company is who ultimately receives payment. […]