Monthly Archives: June 2013

Understanding Foreign Voluntary Workers’ Comp Policies

In this excellent article that appeared on InsuranceJournal.com on June 20th, 2013, Kathleen Ellis, SVP of Chubb & Son and manager of Multinational Risk Group – Global Accounts explains the various key issues and details that agents need to be aware … Continue reading

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Is an insurance binder really necessary ?

Recently in one of my webinars, there was a question pertaining to binders. The question essentially dealt with advice that this agent had been provided in an insurance seminar that it is in the best interest of an agent not … Continue reading

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E&O Insights: Why Personal Umbrellas Generate Claims

This is an excerpt from an Insurance Journal article that I authored in the June 17, 2013 edition. “How many of your personal lines accounts have an umbrella? Some recent surveys have indicated that insurance agencies write, on average, 1.6 … Continue reading

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Is your insurance agency careless with the content of your e-mails?

It is vital that every agency staff member, regardless of your position, to realize that in the event of an E&O claim, your ENTIRE agency file will be discoverable and admissible. This means that both the attorney assigned by the … Continue reading

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Has the financial rating of any of your insurance carriers changed?

Over the last couple of months, the vast majority of the insurance carriers have seen their financials reviewed by one or more of the rating agencies (AM Best, Demotech, S&P, Moody’s, etc.). While it appears that the majority of the … Continue reading

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Who is insured under your insurance agency E&O policy?

Do you know who / what is covered as an insured under your E&O policy? There is no doubt that this is potentially a critical issue at E&O claim time so before that claim happens, check your policy carefully. Most … Continue reading

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Dog Bite Claims Falls in 2012

As many of you know from my seminars and webinars, the issue of dog bites has caused a fair number of E&O claims. After all, as noted by the attached article from the Insurance Information Institute (www.iii.org) , more than … Continue reading

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Will your agency management system survive a catastrope?

Over the weekend with the 90+ degree heat, I finally got a chance to catch up on some of my insurance reading. One of the articles that I read with great interest was from PropertyCasualty360.com - entitled Shell Socked – Six … Continue reading

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