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Category Archives: News
Top Cyber Threats for 2016 and Next Five Years
Cyber is without a doubt one of the biggest issues facing the insurance industry. The attached article, which appeared on insurancejournal.com on Nov 17th, details the current cyber threat with predictions on cyber trends that agents and businesses need to be … Continue reading
Posted in News
Tagged Agents E&O, Cyber, Cyberliability, Errors and Omissions, Insurance agents
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Recreational Drones: Do Homeowners’ Insurance Policies Provide Coverage?
While there has been a tremendous amount of press written on the subject of drones for commercial use, it is important for agents to understand that drones are also a personal lines exposure. In the attached excellent article written by Tom … Continue reading
Posted in News
Tagged Agents E&O, Drones, Drones for personal use, Homeowners, Insurance agents, Insurance issues regarding drones
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What Agents Should Know About Flood Insurance Changes in Effect April 1
The following is an excerpt of an article that appeared on insurancejournal.com on April 1 regarding changes in the flood program. “Starting today, when flood insurance policyholders go to renew their policies, they could be quoted premium increases ranging from … Continue reading
Posted in News
Tagged Agents E&O, Errors and Omissions, Flood insurance, Insurance agents
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Survey Finds More Than 50% of Renters are Hispanic, Most Uninsured
It seems that every year, survey results are communicated that consistently show that individuals and families that rent are going without insurance. As noted in the attached Dec 24th article from claimsjournal.com, there appears to be an opportunity for some further education … Continue reading
Posted in News
Tagged Agents E&O, Education, Errors and Omissions, Homeowners, Renters Insurance
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High-Tide Floods to Triple for Some East Coast Cities, Study Finds
The following is an excerpt from a very interesting article that appeared on insurancejournal.com on October 8. “Flooding during high tides, which used to be rare, is now common in some places and could worsen to the point that sections of … Continue reading
Driverless cars – a new personal lines exposure
You may have heard that “driverless cars” are a thing of the future. Well, as you will note in the attached article authored by Ma Jie, Alan Ohnsman and Craig Trudell that appeared on www.insurancejournal.com on July 17th, those days are not … Continue reading
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
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
Posted in News
Tagged Agents E&O, Agents legal liability, Errors and Omissions, Insurance agents
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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
Posted in News
Tagged Agents E&O, Customer Service, e&o claims, Errors and Omissions, JD Power, Personal Auto
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Florida Bill Would Restrict Insurers in Underwriting Gun Owners
Is the ownership and presence of guns the next issue that insurance carriers are going to underwrite? This is a question that has no doubt been on the minds of many insurance professionals over the last couple of years. In … Continue reading
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