Presentations & Resources

In Part Two of our webinar series, our team continues to unravel the intricate challenges stemming from the ever-changing landscapes of high-risk states, with a particular focus on Florida and California. Building on the insights from Part One, our CEO & Co-Founder, Ashwin Agarwal, VP and industry expert, Kristine Economus, are once again joined by the distinguished Commercial Lines Property & Casualty Agent from Insurance Office of America (IOA) in Boca Raton, FL, David Zemlin.View the full Webinar recording below 👇  Here's a brief recap of the key takeaways: National Market Trends:The insurance market has been experiencing a general hardening trend nationwide, with increasing challenges in traditional areas. The catalyst for significant disruptions in the market was fraud, compounded by the impact of Hurricane Ian, which led to companies leaving or going bankrupt.Legislative Measures:Legislative measures are being explored to address the issues plaguing the insurance market

In our recent webinar, our CEO & Co-Founder Ashwin Agarwal, joined by our VP and Insurance Expert Kristine Economus, unveiled Advocate's cutting-edge Insurance Compliance software and services, highlighting the crucial fusion of insurance expertise with technology-driven solutions.As the insurance landscape becomes increasingly complex, with rising premiums, expanding agency rules, and a scarcity of skilled talent, automation emerges as the pivotal path forward. Advocate's platform offers a comprehensive solution, boasting a transparent dashboard, real-time workflow updates, and intelligent decisioning automation that factors in specific variables for each insurance review.Our platform not only simplifies compliance assessments and manual workflows but also fosters efficient communication between reviewers, brokers and lenders. Additionally, the system provides invaluable insights for both senior insurance professionals and junior team members, offering a centralized hub for insura

In the world of lending, the frustration of encountering last-minute hurdles in an otherwise promising deal is all too familiar. Underwriting and credit teams work diligently to bring opportunities to the table, only to find themselves stonewalled by insurance compliance issues.At Advocate, we empathize with the challenges you face when a deal is on the line, and you're left in a difficult situation you were not fully prepared for. That's why we're excited to introduce our Red Flag report. Our objective is for this resource to empower your teams to proactively identify potential complications tied to assets located in challenging, highly regulated or natural disaster prone areas. With the Red Flag report, you'll have the foresight to address these issues in advance, ensuring you never find yourself trapped by insurance roadblocks.    Ask the Community any question here View our upcoming Webinars and Events

On Thursday September 14th, our CEO & Co-Founder Ashwin Agarwal, VP and industry expert Kristine Economus were accompanied by David Zemlin, a distinguished Commercial Lines Property & Casualty Agent from Insurance Office of America (IOA) in Boca Raton, FL. Together they discussed the intricate challenges arising from the evolving landscapes of high-risk states, particularly Florida and California. View the full Webinar recording below 👇Here are the main points that were discussed over the session: Market Background:The hard market in Florida insurance began in 2017, following several hurricane-free years. In 2022, Hurricane Ian and the Champlain Tower Collapse in Surfside led to an overreaction in the insurance market. Litigation and fraud emerged as primary drivers of the current challenges, with five carriers going out of business due to lawsuits. Rising interest rates have diverted investment away from insurance, posing a permanent challenge.Homeowners' Insurance Issues:Hom

 Our latest webinar offered fresh insights into the differences between waiver approvals from Fannie Mae and Freddie Mac given the varied preference and requirements of each agency. Key points included Fannie’s greater interest in waivers that are tied to net worth and liquidity due to shared risk, Freddie’s preferences for robust loss runs, and differing attitudes towards Deductible Indemnity Agreements. Kristine introduced a comprehensive list of questions that waiver writers must ask borrowers to be able to produce a comprehensive enough waiver for either Freddie or Fannie.   Kristine also discussed writing waivers specific to Flood prone locations such as Florida given that these are considered to be a tricky bunch by the industry. Adding to the importance of comprehensiveness in waivers, Kristine included a second list of questions that insurance consultants and waiver writers must ask brokers and agents to become equipped with all the necessary information to produce an approval-