Tag Archives: Claims handling

Claims handling – watch what you say

Now that Hurricane season is upon us, there is certainly a greater likelihood that Mother Nature could cause a more significant number of your agency customers to suffer a loss of some type. As the old adage goes “nothing brings … Continue reading

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Umbrella coverage that is not with the same carrier as the underlying – a potential problem

Clearly, one of the trends gaining some traction in the industry involves carriers looking for claims (especially personal lines) to be reported directly to them. This will enable the carrier to get on top of the claim faster with firsthand … Continue reading

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The need for the proper handling of claims

If one were to ask most agency ownership about their E&O exposure, “claims handling” would probably not be high on the list yet this is one of the current E&O hotspots agents should be aware of. When handling customer claims, … Continue reading

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There is real danger if you admit liability (without the consent of your E&O carrier)

When it comes to your E&O insurance, admitting liability is definitely something that you want to avoid. Quite honestly, the admission of liability can totally change the direction of a potential E&O matter facing your agency. Virtually every E&O policy … Continue reading

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What role does claims have in your proposal process?

In the vast majority of new business accounts (especially in personal lines and small commercial), it would not be the norm to include claims in the proposal discussions. However, since claims is where “the rubber hits the road”, it might … Continue reading

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Agency claims handling is generating E&O claims – What’s up with that?

When agencies typically think about their errors-and-omissions exposure, they tend to focus on their producers and CSRs. Yet there are other areas within an agency operation with the potential to generate E&O claims from time to time. One of those … Continue reading

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Is everyone in your agency handling claims the same way?

As I have reported numerous times over the past number of years, the handling of claims is and continues to be a major issue and cause of E&O claims. Some E&O carriers are reporting that upwards of 1 in every … Continue reading

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The manner in which you handle claims can cause E&O claims

Ask any E&O carrier for those areas that generate E&O claims activity and you may be surprised to hear that the manner in which your agency handles claims is a major cause. For many E&O carriers, this issue is currently generating 10-20% … Continue reading

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When are your putting the umbrella carrier on notice?

Let’s take the following scenario: You have an insured that has their auto, homeowners and umbrella with your agency and all of these coverages are with the same carrier. The insured is involved in an auto accident where there are … Continue reading

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E&O Insights: Can the Manner in Which an Agent Handles a Claim Cause an Errors & Omissions Claim?

This is an excerpt from an Insurance Journal article that I authored in the October 17, 2011 edition. “The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for … Continue reading

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