Keep pace with today’s business world and the pivotal issues impact your commercial lines insurance clients with news and information about industry trends, best practices, emerging risks, and recovering from major losses.
Special relationships or circumstances may broaden an agent or brokers’ duty to advise. In this second article in a two-part package about agent/broker professional liability, Attorney Peter Biging examines recent relevant court rulings examining such circumstances.
With chatter about the next market turn heating up, experienced niche-market participants don’t anticipate a replay of the gut-wrenching turmoil that left some program administrators out in the cold during the last turn. But that doesn’t mean program books won’t need to be mended or that some carrier retrenchment from...
Mark your calendars! NU provides highlights of some upcoming specialty market insurance events, including the Target Market Program Administrators Midyear Meeting in Boston and NAPSLO’s upcoming webinar on NRRA implications.
In spite of competitive conditions in the specialty program business segment, an insurance industry analyst doesn’t see any flashing red alerts signaling major troubles ahead for program carriers so far in 2011.
Aon Benfield launched what it says is the first storm-surge model for Germany to help reinsurers and insurers quantify risk in an “underdeveloped line of coverage.”
Aon Benfield launched what it says is the first storm-surge model for Germany to help reinsurers and insurers quantify risk in an “underdeveloped line of coverage.”
As agencies focus on survival, they often overlook critical aspects of their own businesses, potentially placing themselves in a vulnerable spot. Agencies need to evaluate their own professional liability insurance coverage to be sure they are properly protected, according to Burns & Wilcox’s Rochelle Elliott.
For the agents and brokers writing commercial-lines insurance for Main Street clients, business remains tough—but some tepid signs of improvement have begun, tentatively, to appear.
Even when insurance policies clearly instruct otherwise, insureds often contact their agents instead of the carrier to report a claim. Attorney Matthew Marrone provides tips on how agents should respond to this tricky and delicate situation—to avoid their own E&O situations down the road.