Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

What Are The Main Reasons For Using Online Car Insurance Quotes?


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“Finding the cheapest car insurance rate can be easily done by shopping around. By comparing car insurance rates twice per year, policyholders can find out if their current providers offer the cheapest rate, or if it’s time to look for other providers.”, said Russell Rabichev, Marketing Director

Compare-autoinsurance.org has launched a new blog post that presents how to properly compare car insurance quotes and why online quotes are so important

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/why-drivers-should-compare-car-insurance-quotes/.

Not everyone is excited when it comes to comparing car insurance quotes, but by doing this task drivers can save a lot of money. Although insurers look at similar factors when it comes to setting rates, they use different algorithms. The same driver can get two completely different premiums from two different insurers. To find the cheapest rates, drivers should compare multiple car insurance quotes from different car insurance companies.

To properly compare car insurance quotes, drivers should do the following:

  • Make sure to keep documents with relevant information nearby when requesting quotes. Drivers will need to fill in personal information such as the address, date of birth, occupation, driver’s license and marital status of everyone they want included on the policy. They will also need to complete vehicle information like make, model, year, mileage, VIN, and data about their driving history in the last five years such as claims, violations, and tickets. If the drivers had completed driving courses, they should mention them. Furthermore, they will have to add the current or previous insurer’s name for anyone on the policy or in the household.
  • Carefully select the coverage limits. Liability auto insurance protects policyholders from the worst-case scenario by providing a cushion between their assets and the amount they’re on the hook for. Liability coverage has three parts: bodily injury liability, total bodily injury liability, and physical damage liability. For a 100/300/100 limits option, the insurer will reimburse up to $100,000 for bodily injuries per person the policyholder injures in a crash, up to $300,000 total for all bodily injuries caused by the policyholder in a crash, and up to $100,000 for any damage to a property caused by the policyholder. In some states, the policyholders will be required to get personal injury protection (PIP), medical payments coverage (medpay), or uninsured/underinsured motorist coverages.
  • Decide if full coverage is needed. Besides liability coverage, full coverage contains additional policies like comprehensive and collision coverages. Collision pays for damage to a policyholder’s vehicle in an at-fault accident, damage to a vehicle that hits objects like a pole or a fence, damage to a policyholder’s vehicle that was caused by another driver. Comprehensive coverage pays for car theft, damage caused by weather like tornadoes, hailstorms, or hurricanes, fire, floods, explosions, falling objects, animal collisions, and vandalism.
  • Get quotes from multiple insurance companies and compare prices. Drivers should compare quotes from at least two or three insurers. When comparing quotes drivers should also include offers from smaller local or regional insurers. To properly compare quotes, drivers should make sure that they compare quotes that each contains the same levels of liability, the same deductibles for full coverage, the same drivers and cars, and the same discounts they are eligible for.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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West Point Launches InsurTest — a Testing and Automation Service for Small to Mid-size Insurance Carriers, MGAs and Program Administrators


West Point Insurance Services, a provider of specialized technology solutions for the insurance industry, today announced the launch of InsurTest, a testing and automation service specifically designed for small to mid-size insurance carriers, managing general agents and program administrators.

InsurTest features a User Acceptance Testing (UAT) program that eliminates project delays and errors without draining budgets or overburdening in-house staff, and an automated regression testing program to eliminate manual steps and redundant processes — without requiring insurers to make costly system replacements.

“While large insurers usually have the resources to make sure testing is done right, this is not always true for small to mid-size carriers and MGAs who often face cost and time pressures or use third-party testers who lack either the domain knowledge or testing expertise,” said Doug Vatter, President of West Point Insurance Services. “InsurTest was developed to help smaller insurers reduce errors and delays, increase speed to market and scale rapidly.”

According to Vatter, the company developed and refined the testing software behind InsurTest over 20 years as part of the business process outsourcing (BPO) services it provided to insurance clients nationwide. Now, the company is rolling it out as a stand-alone service, which is independent of its BOP services, to serve the small to mid-size insurers who need it most.

“The difference is our experienced testing experts who not only understand the processes, laws and intricacies of insurance, but also have a rich repository of test cases and scripts that have been developed, tested and deployed over two decades,” Vatter said.

UAT includes:

  • Comprehensive product testing, including gap analyses and system planning, implementation and monitoring.
  • Test strategy and cases built by insurance industry experts
  • Repeatable testing to keep projects moving
  • Multi-perspective testing to measure robustness, usability and compatibility

Regression testing features a suite of software that automates rating, billing, analysis, collaboration and business processes. The software:

  • Runs test scripts on client schedules (even on nights and weekends)
  • Spreads scripts across multiple servers
  • Provides easy-to-read results
  • Delivers at-a-glance metrics (results, usage and trends) and identifies potential problems

About West Point Insurance Services

West Point Insurance Services (https://www.westpointuw.com/) deploys specialized technology to solve operational and compliance issues for insurance carriers and MGAs without expensive system replacements. Founded in 1999 as West Point Underwriters, the company has a deep bench of testing, automation and BPO experience and expertise in the property casualty insurance industry, delivering customized software and business processing solutions on time and on budget.

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NFP Acquires McKinley & DiMarco Insurance Services, Increasing Presence and Capabilities in Central Texas


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“Growth is a priority for us and Jason and Stephen will be key contributors to our expansion in Texas and the value we deliver to current and future clients,” said Kevin Brown, managing director at NFP.

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced the acquisition of McKinley & DiMarco Insurance Services Inc. (McKinley & DiMarco), in a transaction that closed on July 17, 2020.

McKinley & DiMarco, an insurance broker focusing on P&C and group benefits insurance offerings, will help NFP expand its offerings within Austin, Texas. The firm will be part of NFP’s central region, and Jason McKinley and Stephen DiMarco, principals of the firm, will join NFP as vice presidents within the P&C division, reporting to Kevin Brown, managing director.

“As we continue to expand in the central region, we’re thrilled to welcome Jason and Stephen, two exceptional producers, to NFP,” said Mike Schneider, president of NFP’s central region. “They bring deep knowledge of the greater Austin market, fantastic relationships in the area and expertise that will enhance NFP’s capabilities. We look forward to their impact on our broad range of solutions and our growth throughout Texas.”

“Our momentum in Austin is strong as we continue to expand our capabilities and add talented people to our team,” said Brown. “Growth is a priority for us and Jason and Stephen will be key contributors to our expansion in Texas and the value we deliver to current and future clients.”

“NFP’s continued focus on expanding its P&C and benefits offerings, while maintaining a standard of excellent service to clients, aligns well with our values,” said McKinley. “As part of NFP, we will add depth and breadth to the value we offer our clients and contribute to the success of an organization that consistently demonstrates a commitment to growth, expertise and people.”

“NFP gives us the opportunity to accelerate our growth with access to an enhanced suite of insurance solutions, as well as resources to continue supporting our clients with the service they deserve,” said DiMarco. “We’re excited to join NFP, learn from our new colleagues and collaborate to meet our clients’ needs.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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Important Factors That Car Insurance Companies Analyze Before Issuing A Policy


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“In order to determine accurate insurance premiums, car insurance providers will analyze multiple factors. The age of the driver and the type of vehicle can significantly influence the price of insurance premiums”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

In order to drive on the public roads of the US, drivers need to have car insurance. Many of them are curious and they wonder how their insurance rates are determined. Insurance companies will analyze multiple factors before offering an insurance deal to anyone.

The most important factors that can significantly influence the price of car insurance, are the following:


  • Location. The zip code of any potential customer is very important for a car insurance provider. Insurers can use the zip code in order to find out more info about the crime rates (especially car thefts and vandalism), population density, climate, road conditions, unemployment level and how many claims are filled in the area where a future customer lives.
  • The type of vehicle. Drivers who own expensive cars like limousines, exotic cars, or muscle cars will pay more on their insurance premiums. These types of vehicles are expensive to repair or replace. Drivers that want a cheap car to insure should focus their attention on an SUV or a family van. These cars are cheap to repair or replace, and they also have high safety ratings.
  • Driving record. Drivers with clean driving records will pay less on their insurance premiums. On the other hand, drivers that have speeding tickets, at-fault accidents, or DUI accidents will pay more on car insurance. Depending on the severity of the incidents caused by a driver, his insurance company can decide to cancel his coverage.
  • Gender and age. Male teenagers pay more on their insurance when compared to female teenagers. The statistics show that male teenagers are involved in car accidents more often. However, old male drivers will pay less on their premiums when compared to old female drivers.
  • Marital status. Married people tend to have fewer accidents than single people. For this reason, married persons will pay less on their car insurance rates.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Aquila Systems Inc. Named TiE50 Award Winner at TiEcon 2020


“Aquila Systems has been able to deploy the product with very large insurance providers and been testing and verifying the value proposition in detecting insurance fraud in the workers compensation industry, saving millions”

Aquila Systems Inc. (https://www.aquilasystems.ai) was selected as a TiE50 Winner in the prestigious TiE50 Awards Program. This ten-year-old awards competition is a program of TiEcon, the world’s largest conference for tech entrepreneurs. Aquila Systems Inc. was recognized for its innovative approach driven by AI and cloud software product for Workers Compensation Insurance Fraud.

“Aquila Systems has been able to deploy the product with very large insurance providers and been testing and verifying the value proposition in detecting insurance fraud in the workers compensation industry. With more than 20 pre-built use cases, we have saved tens of millions of dollars for our clients. The TiE50 award is further proof of how we are perceived as opening a new frontier where AI-based algorithms can be something that is better than humans can,” said Srini Madala, Founder and CEO of Aquila Systems.

Aquila Board member Naeem Zafar added, “Every industry will be touched by and transformed by AI in the future. Glad to see Aquila’s approach being recognized for Silicon Valley’s leading technology leaders.”

“TiE50 again attracted high potential startups bringing innovation from different parts of the world. Besides the recognition associated with the TiE50 award, this year TiE50 also partnered with Meet the Drapers, a ground-breaking reality show, to give an opportunity to some companies to pitch to the show,” said Kamal Anand, TiE50 Program Chair.

“For over 28 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of half million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high potential startups,” said B.J. Arun, President, TiE Silicon Valley.

The TiE50 Awards will be presented virtually to the winners during a ceremony on September 3, 2020. For more information, please go to https://www.tiecon.org/TiE50Awards2020/

About TiE50

Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world’s top technology and technology-enabled startups. TiE Silicon Valley’s premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO with 29 of the exits at over $100 million.

About TiEcon

TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global service providers. Delegates range from CEOs of top companies to first-time entrepreneurs as well as corporate executives and investment professionals. TiEcon was listed as one of the 10 best conferences for ideas and entrepreneurship by Worth Magazine, along with TED and the World Economic Forum. Previous TiEcon events have attracted 5,000+ attendees from 22 countries. More information: TiEcon.org

Media Contact:

Srini Madala

Founder & CEO Aquila Systems

Srini.madala@aquilasystems.ai

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Simon Hamilton, Gregory Smith Recognized by Forbes Among America’s 250 Top Wealth Advisors


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“Especially in challenging and uncertain times, financial and otherwise, the team’s consistently effective guidance and trusted client relationships prove the critical importance of professional advice,” said Mike Schroeder, President of Baird Private Wealth Management.

The Wise Investor Group at Baird, a team of experienced financial professionals specializing in financial planning, portfolio management and investment analysis, is pleased to announce that Simon Hamilton and Gregory Smith have been named to Forbes’ 2020 Top Wealth Advisors. Hamilton and Smith, both Managing Directors at the firm, are among the few professionals represented from the area.

The Forbes rankings for America’s Top Wealth Advisors are determined by an in-depth methodology developed by SHOOK Research that is based on an algorithm of qualitative criteria and quantitative criteria. The rigorous evaluation of over 32,000 nominations included over 12,000 telephone interviews and over 2,000 in-person interviews to assess an array of criteria including client retention, industry experience, compliance records, best practices, revenue trends, and assets under management.

“Being recognized among the country’s top wealth advisors speaks to the quality of The Wise Investor Group’s team and shows they are a trusted place to turn,” said Mike Schroeder, President of Baird Private Wealth Management. “Especially in challenging and uncertain times, financial and otherwise, the team’s consistently effective guidance and trusted client relationships prove the critical importance of professional advice.”

As one of The Wise Investor Group’s three partners, Hamilton leads the team’s portfolio management department, serving as a key member of the Investment Decision Committee. He is an instrumental voice in investment policy, security selection, asset allocation and client management decision-making. As managing director at the firm with more than 25 years of experience, he hosts The Wise Investor Show, as well as the team’s Midweek Update podcast.

Smith, CFP®, ChFC®, CPWA®, CTFA, is a founding member of The Wise Investor Group, and leads the team’s financial planning department where he focuses on retirement, college and estate planning. He also serves as a Financial Planning Mentor to new financial planners through the Financial Planning Association. Along with Hamilton, Smith has been recognized numerous times as one of the top financial planners in the country.

The Wise Investor Group has been consistently recognized on Forbes’ national ranking lists, including Best-in-State Wealth Advisors and America’s Top Women Advisors. In addition, Barron’s, Financial Times and other prestigious business publications have recognized members of The Wise Investor Group as top advisors in Virginia and the nation.

To learn more about The Wise Investor Group and its approach to financial planning and investment management, visit http://www.thewiseinvestorgroup.com.

About The Wise Investor Group

The Wise Investor Group (http://www.thewiseinvestorgroup.com) at Baird is a full-service investment team located in Reston, Virginia focusing on financial planning, portfolio management, investment analysis, insurance and annuity services as well as overall account services. Formed in the 1990s, the team follows a disciplined, research-based approach to value-oriented investment. Member SIPC.

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A New Guide Explains How To Save Car Insurance Money After Graduating Defensive Driving Courses


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“Graduating a defensive driving can lower your insurance rates. Besides that, you will learn new safe driving techniques and you will become a better driver”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Drivers attending defensive driving courses will not only get educated about traffic hazards and defensive driving techniques, but they will also get an insurance discount from their insurers. Of course, there are other reasons for attending defensive driving courses.

The main reasons for taking a defensive driving course are the following:

  • Lower insurance rates. Graduating a defensive driving course can decrease the price of car insurance with as much as 10%. Driving courses are done in a classroom, or they can be streamed online, so anyone can have time to attend them. Some states allow one-hour courses, while others require drivers to complete longer courses to qualify for savings. No matter how much time the courses are taking to complete, they are well worth it, because drivers can save even hundreds of dollars.
  • Get rid of points and fines. Policyholders can remove points or dismiss traffic tickets if they are completing a defensive driving course. Too many points can lead to a license suspension. If that happens, the policyholder will have to spend money on cabs, buses or other means of transportation. Graduating a defensive course is an effective way of keeping the driving record clean.
  • Learn safe driving techniques. Road hazards are always present, no matter where the policyholder is driving. Drivers that attend defensive driving courses will learn safe driving techniques that will help them to proactively anticipate and effectively react to a variety of hazards. Also, drivers will learn how to control their emotional states while driving.
  • Become a better driver. It doesn’t matter if the policyholder is a beginner or an experienced driver, there is always room for improving the driving techniques and knowledge. No one can control what happens around them, but they can prepare themselves in order to overcome the hazards while driving,

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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A New Article Explains How To Compare Car Insurance Offers Online


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“Car insurance online quotes will help you get the best coverage. Now, clients can access multiple quotes on a single webpage, just by accessing brokerage websites”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains how to compare car insurance prices and get the best coverage.

For more info and free quotes, visit http://compare-autoinsurance.org/how-to-compare-auto-insurance-prices/

The sheer number of insurance offers can look overwhelming. Without the proper knowledge, a driver can quickly make a bad choice, ending up overpaying for a product or getting insufficient coverage. Drivers should get car insurance quotes, from http://compare-autoinsurance.org and compare prices.

  • Check the minimum coverage required by the state. Each state has laws regarding the minimum liability coverage, plus another additional cover
  • Age options. The only exception is New Hampshire. It is crucial to know the minimum coverage limits since they will be needed when comparing offers. Those limits may refer to coverage amount and coverage types. Furthermore, lienholders will require full coverage for cars not yet fully owned by drivers.
  • Analyze all available discounts. Each company provides a series of discounts. They are offered for safety equipment, making no claims for several years, loyalty or bundling policies. Pay attention to offers that provide discounts for newcomers and compare long-term benefits. A really good newcomers’ bonus does not always guarantee a good long-term investment. Also, look for bundling options and how much can be saved.
  • Use online car insurance quotes. These price estimates are based on the same info required by car insurance agents. Since companies use different ways of calculating premiums, quotes will be different. When getting online quotes, make sure to use the same info for all questionnaires

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org

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Iscential Welcomes Cruse & Dice Insurance Agency to its Portfolio


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Cathy Dice and Warren Barhorst

We are excited to have Cruse and Dice join the Iscential family. We believe their approach will align nicely with Iscential’s promise of providing trusted advice and peace of mind to our clients.

Iscential Inc. is pleased to announce Cruse & Dice Insurance Agency of Northwest Houston, Texas has joined Iscential Inc. The Cruse & Dice team will remain under the operational leadership of Cathy Dice.

Cathy Dice, Owner and Agent, of Cruse & Dice Insurance Agency, said “We are thrilled to be partnering with Iscential! Cruse & Dice clients will reap the benefits of our new partnership as we will offer additional top insurance carriers, extended hours for customer service, and continue the knowledgeable and personalized service that our clients are accustomed to.”

“The number one thing we look for when considering prospective agencies to add to our team is that they align with our values,” said Chief Executive Officer Warren Barhorst. “They must align with our corporate vision and goals. I am happy to say Cruse & Dice does.”

After founding the agency from scratch in 1993, Warren Barhorst has evolved Iscential Inc. into the industry-leading financial service, risk management, insurance, and consulting firm it is today. He started the company with the goal to make it someplace he would want to work. This meant building a company that truly cared for its clients and associates.

“We are excited to have Cruse and Dice join the Iscential family. Since 1964, Cathy Dice and her father Tommy Cruse have built a business focused on helping their valued clients with their insurance needs. We believe their approach will align nicely with Iscential’s promise of providing trusted advice and peace of mind to our clients,” said Chief Sales Officer Devin Wisener.

Through the partnership, Iscential Inc. will also be adding Central Insurance Companies to its carrier product offering. “Central Insurance Companies is a wonderful carrier that our agents are very excited to begin placing clients with,” said Chief Executive Officer Warren Barhorst.

Throughout the Covid-19 outbreak, Iscential Inc. has remained steadfast in its commitment to provide trusted advice that leads to peace of mind. Iscential Inc. has remained open and fully operational throughout the pandemic. This was made possible by adopting technologies and strategies allowing their staff to work from home, providing their customers with virtual consultations and private appointments, and facilitating virtual weekly communication meetings to maintain their company culture. This operational commitment made the new partnership with Cruse & Dice possible during the pandemic.

“Since the Covid-19 outbreak, I feel as an organization our communication has never been better,” said Chief Implementation Officer Brad Sorensen. “We have weekly meetings led by our CEO with all 150+ associates we never had before. We have worked hard to not lose those lines of communication, and we succeeded more than we could have imagined.

While Iscential Inc. manages the successful merging in of Cruse & Dice, the company will still focus on serving its client base and being a great place for its associates to work. With this partnership, leadership believes the organization is one step closer to achieving its corporate vision. A vision of a world where all of their client’s claims are covered, and they have the financial wherewithal to retire financially independent, leading the life of their dreams.

About Cruse & Dice Insurance Agency

Cruse & Dice Insurance Agency has operated in Northwest Houston since 1964. Founded by Tommy Cruse, the agency expanded when his daughter Cathy Dice joined the business in 1992. Cruse & Dice pride themselves on being an independent agency, allowing them to review multiple policies and pricing and help clients understand and meet their needs through personal consultation.

About Iscential Inc.

Iscential was founded in 1993, and in 27 years the agency has grown to more than 125+ employees and 30+ market locations across the US. Iscential is licensed and hires in over 40 states and represents over 140 insurance companies. The agency provides a full range of risk management, insurance, and financial & consulting services for individuals, families, and businesses.

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On-Demand Pay Enters the Small and Mid-Size Business Market Through New Benefits and Rain


All businesses can now empower their employees with earned wage access via My Instant Pay, made possible through the newly announced partnership between New Benefits, the leading non-insured benefits provider, and Rain Instant Pay, the on-demand pay platform. The New Benefits “My Instant Pay” service, powered by Rain, allows employees to withdraw up to half their earned wages, reducing reliance on high-interest payday loans.

“New Benefits aims to improve employee well-being through valuable, convenient benefit solutions,” said Amanda Franklin, EVP of Operations at New Benefits. “Personal finance is a leading source of employee stress. Instant access to earned income is an innovative way to alleviate financial anxiety. Enabling employers of all sizes to promote a platform to improve employee’s financial and mental health makes Rain Instant Pay an ideal partner.”

My Instant Pay integrates with the employer’s payroll system to provide employees with real-time access to the wages they’ve earned. Whether they need to pay a bill, cover an unexpected expense, or are worried about overdrafting their bank account, employees can withdraw up to half of their wages when needed.

“At Rain Instant Pay, we empower employers to better their people’s financial health and wellness, and since New Benefits has been the pioneer in the wellness benefits space, a partnership with them was an obvious win-win,” said Jen Terrell, Rain’s VP of Employer Partnerships. “Historically, pay-on-demand benefits have only been available to employees of very large enterprises. Now, New Benefits enables small and medium-sized businesses to access this cutting-edge benefit through their network, helping them effectively compete with larger enterprises. It’s game-changing.”

Rain is the only pay-on-demand platform able to scale their services to small and medium-sized companies, creating an exclusive opportunity for New Benefits’ clients to provide earned wage access to employers.

Employee benefits brokerage and consulting firms can contact NewSales@NewBenefits.com to add My Instant Pay to their benefits portfolio.

ABOUT NEW BENEFITS

New Benefits, Ltd. has been disrupting the benefits marketplace since 1990 with innovative products, cutting-edge technology, and first-class service. As the leading wholesaler of non-insured benefits, we aggregate the most sought-after healthcare and lifestyle solutions for over 4,000 groups and millions of members. Our clients strengthen their health plans with a customized blend of 30+ non-insured benefits to help members navigate healthcare, find affordable care, reduce stress, and save time, all conveniently packaged in an easily accessible mobile app and web platform. Through regular use of their benefits, our members save millions of dollars annually on healthcare and everyday living expenses, increasing their happiness and productivity at work and home. Learn more at http://www.newbenefits.com/.

ABOUT RAIN INSTANT PAY

The Rain Instant Pay app provides early wage access for employees at mid to large-sized organizations across the United States to improve financial wellness and increase employee productivity.

With 78% of Americans living paycheck to paycheck, financial wellness tools are an important part of any employee benefits package. Rain works by giving advances on upcoming paychecks; it is not a loan and there is no interest. Employees pay a small fee for this service, which is healthier than payday loans.

Rain’s mission is to regrow financial freedom by giving people full control over their income and to put an end to predatory financial products, replacing them with on-demand pay.

Find out more at https://rain.us, LinkedIn, Facebook, Twitter, Instagram, and YouTube.

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