Monthly Archives: May 2014

Are your companies sending the policy direct ?

There is no doubt that this scenario is occurring with greater frequency today than in the past. For the agents, this has probably resulted in some expense and time savings. While this sounds like a positive step in the evolution … Continue reading

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The importance of prompt delivery of policies

In the world of Agents E&O, most states impose a duty on the customer to read the policy and to then subsequently advise the agency of any questions or areas in need of correction. This has shown to play a … Continue reading

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Average Number of Dog Bite Claims Is On The Rise Nationwide

As noted in the attached press release from the Insurance Information Institute, the number of dog bites is on the rise. This continues to be a very serious issue facing the insurance industry and it is projected that insurance companies are considering taking … Continue reading

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Agent Liability Limited by Indiana Court, Expanded in New York

The following is an excerpt of an excellent article authored by Burke Coleman of Demotech Inc. that appeared on www.claimsjournal.com on May 7th. “Policyholders rely on their insurance agents to acquire insurance coverage. Generally an agent has a duty to … Continue reading

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Are there any “gaps” on your umbrellas?

When looking at the umbrella line of business from an E&O perspective, it is interesting to note that one of the major issues involves gaps in the underlying coverages; specifically that the underlying coverages were not at the required limits. … Continue reading

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Customers Switching Auto Insurers Unhappy with New Prices: J.D. Power

Attached is a segment of an interesting article that appeared on www.insurancejournal.com on April 24 regarding customer loyalty and the importance of customer satisfaction. “Customers who switch auto insurance carriers due to poor service often end up sorry they did because … Continue reading

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E&O Insights: Don’t Let Insuring Restaurants and Taverns Give You Heartburn

This is an excerpt from an Insurance Journal article that I authored in the May 5, 2014 edition. “Virtually every town in the United States has a restaurant or tavern, so your pursuit of these risks is fairly likely. Unfortunately, at … Continue reading

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