Brokers should disclose contingent commissions and other incentive agreements to consumers, industry experts said at the Western States Surplus Lines Conference held July 24-26 in San Diego. Participants in the “Ethics and Professionalism/ Current National News” panel disagreed, however, on …
In what seems a lifetime of handling risk management and insurance for oil and gas operators (well, I guess it is a lifetime if you are under 35 years of age), I have come to the realization that the functions …
No thanks, I’m not interested,” is not a phrase that any professional salesperson thinks they want to hear. The fact is, most salespeople assume that if faced with resistance, they must be tenacious and determined and push to make the …
Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector–both in terms of oil and gas production and insuring that risk–then it comes very close. Contracts rule in the oilfield and the insurance agent who …
When I first heard from someone I knew that was excited about purchasing an apartment that had been “converted” into a condominium, it really piqued my curiosity. Excited? Purchased? Apartment? Converted?? I needed to look at this situation a little …
In the oilfield, operators typically enter into Master Service Agreements with various contractors who supply services and materials needed in connection with the many and varied oilfield operations. The Master Service Agreements usually require the contractor to indemnify the operator …
Nuts & Bolts: M.E. James Surplus Lines Ins. Agency writes a customized package for tribal governments and gaming operations, as well as operations supporting gaming enterprises, like hotels, daycare centers, gift shops, golf courses and convention centers. Available coverages include …
Nuts & Bolts: Monitor Liability Managers Inc. released “Restaurant InsurePak,” a tailor-made employment practices liability program geared specifically for full-service restaurants, fast-food restaurants, cafeterias, food service contractors and vendors. The target market is small- to mid-size accounts ranging from five …
Nuts & Bolts: Kansas City-based underwriting manager and claims administrator Euclid Managers LLC launched ProtoType, an insurance product for manufacturers. The product features errors and omissions, Web site protection, security coverage, copyright and trademark infringement, defamation, privacy and other personal …
Russ McFarren Calabasas, Calif.-based Lionheart Insurance Services has hired Russ McFarren as an excess and surplus broker. He began his insurance career in Ohio and relocated to Los Angeles in 1963 with the Pacific Indemnity Insurance Company. He has also …
