Courts generally believe that an insurance broker is required to perform varying levels of investigation before placing coverage with a carrier, and failure to do so may render the broker liable to the insured for resulting losses due to the insolvency. Learn three best practices to avoid these types of...
Agents selling homeowners insurance must exercise careful risk management and pay close attention to detail to avoid acts that result in errors and omissions allegations against them. Following is a collection of tips to avoid E&O claims across various facets of agency operations.
In recent years, the blame game has become very popular. The object of the game is to find somebody to blame; it does not really make any difference who this is, as long as it is not the person looking for a victim to blame.
To paraphrase Abraham Lincoln, you can please some people all of the time, and all people some of the time, but you can't please all people all of the time.
In the looking-glass world of professional liability claims against insurance agents and brokers, words that we take as clear can become unrecognizably twisted and fraught with ambiguity.