COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of underwriters reviewing apartment complexes. Classically, COPE means: Construction, …
Plus 5 Simple Steps to Follow When Writing Coverage Do your insureds live in a house? Do they drive? Do they entertain? Do they have boats, motorcycles or other toys? Do they have rental property? Of course they do and …
Why Agents Should Stress Importance of Umbrella Coverage When uttered together by a client, the five words in the headline of this article are – potentially – very dangerous words. Note the following claim and ask yourself, “Could this happen …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Background Screeners Market Detail: Brownyard Programs Ltd., provides specialty insurance (GL + E&O) programs for: …
Letting Your Site Atrophy is Online Suicide With all of the high level hype regarding social media, it’s easy to imagine that your agency’s Web site is as obsolete in cyberspace as Sputnik is in outer space. Does this mean …
Risk management ranks relatively low on the priorities list for small business owners, according to a recent survey by Travelers. And that outlook could mean trouble down the road when problems arise for those firms, the insurer warns. “Small business …
Resignation is One of Many in West The latest in a series of resignations among western insurance regulators, J.P. Schmidt, Insurance Commissioner of the State of Hawaii, will be leaving his position to join the Honolulu law firm of Bays …
$1.6 Billion London-based BP told Reuters the oil spill in the Gulf of Mexico has already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming …
U.S. Risk Insurance Group Inc. named Julie Sylim a vice president and branch manager for the company’s Oakland, Calif., office. Julie has more than 20 years of insurance experience, most recently in the wholesale arena. She previously was the underwriting …
An uninsured motorist is not entitled to recover non-economic damages for negligence, a California Court of Appeal ruled. According to Teckla Chude v. Jack in the Box Inc., Teckla Chude went through a drive through at Jack in the Box …
