Syzygy Insurance Brokers

Est. 2013 - Nationally licensed P&C insurance brokerage. We protect your business, CRE, assets. Call us to get started [phone]

[Syzygy Insurance Brokers @SyzygyInsurance]

At Syzygy Insurance Brokers, we work with our clients in a consultative manner. We work to provide proper solutions, to precise needs.

As part of Texas-based PE firm Syzygy, we are nationally licensed to write in all 50 states, to support our clients' portfolio needs, all under one roof.

Commercial Lines & Personal Lines.

https://t.co/lzvuvumlRv

[Syzygy Insurance Brokers @SyzygyInsurance]

@realEstateTrent When are you back in SA? By the way, wonderful story of Mr. Lau!

[Syzygy Insurance Brokers @SyzygyInsurance]

@HARPER04_5 @spurs Rock & Rye (RIM), Fincks (Stone Oak), take your own to Books (Stone Oak) and same to George’s Keep (Elian), Cigars International as well

[Syzygy Insurance Brokers @SyzygyInsurance]

@credealjunkie It’s geographically dependent. Multi family is a broad term.

There are about 5 real factors that play into underwriting multi family.
Every property is different.

The only broad trend is rising rates because of natural disasters where all these carriers were overexposed.

[Syzygy Insurance Brokers @SyzygyInsurance]

@itsthewealth4me @DecadeInvestor We can help

[Syzygy Insurance Brokers @SyzygyInsurance]

“Allstate -4.45% Chubb -2.72% and Travelers -2.19% are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market, J.P. Morgan said. Chubb is of particular concern because the company has focused on high-net-worth policies, and the areas affected by the fires are mostly affluent residential neighborhoods.”

https://t.co/EGABlazyHv

[Syzygy Insurance Brokers @SyzygyInsurance]

@kaylanknit Awesome!

[Syzygy Insurance Brokers @SyzygyInsurance]

@molzer Have you looked into calisthenics?!

[Syzygy Insurance Brokers @SyzygyInsurance]

Two weeks into the season already, seeing how @NFL teams can make smart decisions in contract negotiations.

“Last October, Sportico first reported that the Jets declined to purchase insurance on Rodgers' contract to protect the team if he missed games for injury or illness. The Jets missed out on recouping up to $22 million in insurance proceeds by not purchasing one of several policies ranging in price from $1 million to $4 million, per the report.

Not mentioned was the biggest loss the Jets suffered by forgoing insurance, the very reason that Buffum calls this a tragedy: the corresponding salary cap relief.”

https://t.co/2OgQaZMzmy

[Syzygy Insurance Brokers @SyzygyInsurance]

@connorpera @ConnorSpears 100%

[Syzygy Insurance Brokers @SyzygyInsurance]

Carriers and captive agencies in CA continue announcing restrictive hikes.

[unusual_whales @unusual_whales]

BREAKING: Allstate to increase home insurance rates for California customers by an average of 34.1%, per Bloomberg.

The rate hike, which will take effect from November, will impact about 350,000 policyholder. Some customers will face premium increases of up to 650%.

[Syzygy Insurance Brokers @SyzygyInsurance]

One of the advantages of working with a brokerage vs captive is competing your needs with multiple carriers at once. Let us do the work for you.

[tic toc tic @TicTocTick]

Farmers insurance has declared war on common man customer.

It now requires an upfront payment. In many cases, this could be $5000 a year.

This is the last straw that broke camel.

[Syzygy Insurance Brokers @SyzygyInsurance]

@gas_biz Bam!

[Syzygy Insurance Brokers @SyzygyInsurance]

Personal lines continue to present an increasing challenge. It’s valuable to keep reviewing coverages, deductibles, and scope of needs.

[The Kobeissi Letter @KobeissiLetter]

Home insurance prices in the US are absurdly expensive:

The average home insurance premium is now $2,191 per year, according to Insurify.

It is estimated that by the end of 2024, home insurance in Florida, the most expensive state, will reach $11,759.

This builds on a 33% jump in home insurance premiums seen between 2020 and 2023.

This is partly why the median monthly home payment is well above a record $3,000/month in many states.

Homeownership has never been more expensive.

[Syzygy Insurance Brokers @SyzygyInsurance]

Today’s software failure shows how vital cyber system protections are. Along with systems in place, cyber insurance supports risk mitigation for companies’ performance.

https://t.co/uEnOxmqXMN

[Syzygy Insurance Brokers @SyzygyInsurance]

Tough environment in California for coverage. It is important to compete your policies.

[unusual_whales @unusual_whales]

State Farm Insurance is seeking permission from the Californian state government to increase insurance rates as much as 50%.

It is looking to raise homeowners' insurance policies by 30%, condo policies by 36% and renters' policies by 52%, per NBC.

[Syzygy Insurance Brokers @SyzygyInsurance]

Tough environment for hospitality. Prudent moment to review sales forecasts, and make necessary adjustments -

[unusual_whales @unusual_whales]

Sales at bars and restaurants in the U.S. have fallen in four of the past six months for the first time since the pandemic, per MW.

[Syzygy Insurance Brokers @SyzygyInsurance]

@TKyle Can you share further info? We’re based nearby.

[Syzygy Insurance Brokers @SyzygyInsurance]

Understanding the difference between these is important.

[Syzygy Insurance Brokers @SyzygyInsurance]

@ChadGriffiths What a game 7 that was!

[Syzygy Insurance Brokers @SyzygyInsurance]

“More intense and more expensive natural disasters are driving up insurance rates in many parts of the country, forcing homeowners to turn to “insurers of last resort” backed by stategovernments or at the federal level.

Case in point: Citizens Property Insurance Corp., Florida’s insurer of last resort, has become the state’s largest insurer. And this week, Citizens said it will ask regulators for permission to increase its rates by about 14%.”

https://t.co/NBWKzXQmU4