Tag Archives: Umbrellas

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

Posted on July 31, 2018 by Curt Pearsall

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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E&O Insights: When Should You Offer an Umbrella?

Posted on June 18, 2015 by Curt Pearsall

This is an excerpt from an Insurance Journal article that I authored in the June 15, 2015 edition. “If one were to ask an agency how many of its personal and commercial accounts have an umbrella, most agencies should be able to … Continue reading →

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Are there any “gaps” on your umbrellas?

Posted on May 12, 2014 by Curt Pearsall

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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Do you have some insurance agency customers getting a divorce?

Posted on August 15, 2013 by Curt Pearsall

With the divorce rate over 40% for 1st marriages and over 60% for second marriages, it seems like it will only be a matter of time before your agency has a customer going thru a divorce. Are you ready for … Continue reading →

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Excess Insurers Prejudiced When There is No Notice of Underlying Suit

Posted on February 28, 2013 by Curt Pearsall

The following is an excerpt from an excellent article by Steven Plitt that appeared in the February 21st issue of Claims Journal. “When an excess insurer is not given notice of a lawsuit with potential excess exposure, the opportunity to … Continue reading →

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E&O Insights: Why Businesses Need Umbrella Protection

Posted on June 20, 2012 by Curt Pearsall

This is an excerpt from an Insurance Journal article that I authored in the June 18, 2012 edition. “Umbrellas are apparently not as simple as many would like to believe because various issues involving umbrellas cause more than their fair … Continue reading →

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Handling Claims in your insurance agency ? Survey states that communication is the key

Posted on August 8, 2011 by Curt Pearsall

As you can imagine, the manner in which you handle customer’s claims in your agency is extremely important. This is a key time to demonstrate your professionalism and expertise. Obviously the goal is customer satisfaction. Unfortunately, there are times where the customer is … Continue reading →

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E&O Insights: Does Every One of Your Accounts Have a Personal or Commercial Umbrella?

Posted on July 24, 2011 by Curt Pearsall

This is an excerpt from an Insurance Journal article that I authored in the June 20, 2011 edition. “The answer to the question posed in the headline is probably “no.” Despite your efforts, not every account (personal or commercial) buys … Continue reading →

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Florida Court Knocks Out Hulk Hogan Claim Against Insurance Agency

Posted on May 26, 2011 by Curt Pearsall

This recent decision has a number of issues that insurance agents will find valuable and interesting. “A Pinellas County, Florida judge dismissed a lawsuit filed by Terry Bollea, better known as celebrity wrestler Hulk Hogan, in a matter stemming from his … Continue reading →

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Personal Lines can result in E&O claims

Posted on December 3, 2010 by Curt Pearsall

This is an excerpt from an article that appeared in the September 2010 edition of Rough Notes. “In reviewing E&O claims frequency, it is probably no real surprise to see claims arising out of the writing of personal lines. This segment generates … Continue reading →

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