Technology and the training and support of young agents will be essential to the excess and surplus lines business and insurance industry as a whole in the coming years, according to several insurance executives who spoke at the National Association of Professional...
The U.S. Senate last week passed legislation that includes an extension of the federal flood insurance program until March 28. President Obama has signed the measure.
The extension means that the National Flood Insurance Program (NFIP), which has been unable to...
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With more than 40 states now enforcing privacy and security breach notification laws, underwriters are working hard to scoop up the business this niche creates, while also tweaking their policy forms to provide the broadest and most comprehensive coverage.
Over the...
Flashy headlines, evening news broadcasts, and immediate press releases quickly seize the public's attention. The media's portrayal of an event thus drives consumers' preferences and confidences in the marketplace, and can even force consumers to modify their eating...
The recent Toyota auto recall headlines, and other major recall cases from the last year, have caused companies involved in manufacturing or food processing to reevaluate whether they need to purchase product recall insurance, according to companies in the product...
Let's take a test. No, this is not an insurance coverage analysis test or even a personality test; rather it's a "vocation choice opinion" test. Take a few minutes to consider each question and be honest with yourself and the answers. No, this is not scientific, but...
Are you confused about social media marketing? How does it work; is it right for me; how do you even get started? If these questions come to mind, don't fret. You are not alone. In this ever changing and evolving world of online marketing, most insurance agents...
Over the last two weeks the "claims made" policy has been dissected, revealing its inner workings. But before moving on to the keys for choosing the best "claims made" policy form, the heart of the "claims made" policy must be explored: the definition of a...
The Incident Reporting Provision
Nearly all "claims made" forms allow the insured to report a fact or circumstance that will likely or may give rise to a claim at some point in the future. If the reported act or error does evolve into a claim at a later date, the...
