Brokers strive to do a great job for their clients, but sometimes overlook certain coverages. This could lead to a failure to recommend claim, and increased liability for the agent or broker in case of a loss.
In two recent surveys, two-thirds of risk retention group (RRG) and purchasing group (PG) managers indicate they would be in favor of offering property coverage to their members.
The risks being taken by students today make football look blas, says Shirl Hedges, underwriting manager for schools at Philadelphia Insurance Cos. On the activity list these days: survival weekends, rock climbing, bronco bull riding and flying to a field-trip destination in a parents private airplane.
News from Admiral Insurance Co., CIAB, Lockton, Data Risk, Overby-Seawell, Markel Specialty, Health Plan One, Marsh & McLennan, Greenwood International, Zurich, GCube Underwriting, RLI Corp., WKF&C, BMS Group and McGowan Cos.
Citizens Property Insurance Corp., the behemoth state-run property insurer, has a reputation that reaches far beyond Floridas shores. Leaders from neighboring coastal states call it Floridas folly to grow what is, essentially, socialized property insurance.