Monthly Archives: February 2012

Is your insurance agency being loyal to your E&O carrier?

In my former life as SVP of a national Agents E&O program, I would, from time to time, review some new business applications. While there are certainly many areas to review in evaluating a prospective account, there was one that used … Continue reading

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Has the economy affected the behavior of your insurance agency staff?

For at least the last 25 years, the #1 cause of Agents E&O claims has been “Failure to provide the proper coverage”…typically over 50%. Actually in 2011, one E&O carrier reported that this number increased to close to 60%. In … Continue reading

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No Coverage for Insurance Agent’s Claim Against His Agency for Failure to Procure Coverage

This is an excerpt from an article authored by Donald A. O’Brien, Esq. of Hinshaw & Culbertson LLP that appeared on www.AgentsofAmerica.org on February 16, 2012. “Plaintiff insurance agent was employed by his corporate insurance agency and was both an agent and an insured under … Continue reading

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California Independent Contractor Law May Be Liability for Agents, Brokers

ter-WongWordPressGoogle ReaderOrkutXINGEvernoteNetvibes ShareStrandsPosterousBusiness ExchangeArtoTipdSmakNewsPlurkAIMYahoo MessengerIdenti.caMozillacaBlogger PostTypePad PostBox.netPinterestNetlogTechnorati FavoritesCiteULikeJumptagsHemidemiFunPInstapaperPhoneFavsXerpiNetvouzWinkDiigoBibSonomyBlogMarksTailrankStartAidKledyKhabbrMeneameYoolinkBookmarks.frTechnotizieNewsVineMultiplyFriendFeedPlaxo PulsePingSquidooProtopage BookmarksBlinklistFavesYiGGWebnewsSegnaloPushaYouMobSlashdotFarkAllvoicesJamespotImera BrazilTwiddlaLinkaGoGounalogHuggDiglogNowPublicTumblrLiveJournalCurrentHelloTxtSpurlYampleOneviewLinkatopiaSimpyLinkedInBuddyMarksAsk.com MyStuffViadeoMapleWistsConnoteaBackflipMyLinkVaultSiteJotSphinnDZoneCare2 NewsHyvesSphereBitty BrowserGabbrSymbaloo FeedsTagzaFolkdNewsTrustAmazon Wish ListPrintFriendlyRead It LaterTuentiEmailRediff MyPage Google GmailYahoo MailHotmailAOL MailAny email This is an excerpt from an excellent article written by Don Jergler that appeared in Insurance … Continue reading

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Agents E&O Frequency on the rise!

With 2011 in the books, many Agents E&O carriers are reporting that E&O claim frequency is on the rise. While some of this was projected as it would be hard to improve upon some stellar results over the last couple … Continue reading

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E&O Insights: Use Caution When Moving a Customer From a Claims-Made to an Occurrence Form

This is an excerpt from an Insurance Journal article that I authored in the February 6, 2012 edition. “From time to time, an account is moved from one form of insurance to another. The scenario could involve moving from a … Continue reading

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Does your insurance agency have a procedure to know if the rating of one of your carriers drops?

It certainly seems like every day the various insurance websites contain short articles about the financial rating for a specific insurance carrier. Although in most cases, the rating is being affirmed (meaning essentially no change), there are definitely carriers that … Continue reading

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Is your insurance agency documenting the conversations with your carriers?

Over the years, I have seen a significant number of E&O claims brought by the carrier against one of their agents. Why does it happen? Certainly in the majority of these situations, this occurs where the agency has bound the … Continue reading

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