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Energy Insurance Agency

Insurance, United States, Ohio, Cincinnati

Specializing in insurance solutions for the energy industry, offering comprehensive risk management and employee benefits consulting services.

About Energy Insurance Agency

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Ohio state
Official Website
http://www.energyinsuranceagency.com
Location Address Official Phone Email
United States of America, Ohio state 123 Main Street, Suite 100, Cincinnati, OH 45202 **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
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FAQs – Energy Insurance Agency

What is a deductible in a PPO plan?

A deductible is the amount you must pay out-of-pocket before your PPO insurance starts covering medical expenses. Once the deductible is met, your plan will begin sharing costs through coinsurance, though copays may apply even before meeting the deductible.


Can moral hazard lead to fraud in insurance?

Yes, moral hazard can lead to insurance fraud if policyholders intentionally cause damage, injuries, or losses to take advantage of their coverage. For example, a person might intentionally damage their property or falsify a claim because they know that the insurer will cover the financial loss. Insurers guard against fraud through investigations and audits to ensure that claims are legitimate and not a result of moral hazard.


How does AI improve risk assessment in underwriting?

AI analyzes vast datasets, including medical records and financial history, to predict risk levels more accurately than traditional underwriting methods.


What is the role of the NAIC in US insurance regulation?

The National Association of Insurance Commissioners (NAIC) sets standards for US state regulators, provides guidance on best practices, coordinates multi-state oversight, and ensures uniformity in regulations across different jurisdictions in the US.


Are inland transits covered under marine freight insurance?

Yes, marine insurance can include inland transit coverage to protect goods transported from the warehouse to the port or final destination.


Why do businesses need liability insurance?

Businesses need liability insurance to protect against legal claims from customers, vendors, or third parties. Without it, companies risk paying out-of-pocket for lawsuits, which can be costly and even lead to bankruptcy. Liability insurance provides financial security and ensures compliance with certain industry regulations and client requirements.


Can I get replacement cost coverage for an older home?

Yes, but older homes may have functional replacement cost policies, which replace outdated materials with modern, functionally equivalent alternatives rather than exact historical matches. This helps lower costs while maintaining structural integrity.


How do consumer protection laws ensure fair premiums?

These laws prevent discriminatory pricing, require actuarial justification for premium increases, and mandate transparency in premium calculations to protect policyholders.


Comprehensive Market Research

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