Monthly Archives: <span>February 2014</span>

Why Sexual & Physical Abuse Coverage Is Important for Nonprofits

This will sound a lot like reminiscing and I just may be, but I was talking with old friends back in my hometown of Boardman, Ohio, at a high school reunion. One of the people in the group brought up …

The report indicated 80 Terrorism and Political Risk

The world is a risky place for business travelers but it might be a little safer when it comes to terrorism and political violence risk at least in some countries. According to the recently released Aon Risk Solutions 2014 Terrorism …

Declarations

The Cost “You can talk to anyone who’s lost a friend or family member to a drunk driver and they’ll tell you about the cost.” –Pierce County Prosecutor Mark Lindquist told a Washington state Senate panel that a measure making …

Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed

A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc. CEO Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer in the 2008 financial crisis. The …

Garage Liability or Garagekeepers? That Is the Question

The terms garage liability and garagekeepers is an issue not only for clients, but most agents and CSRs also find it just as confusing. This article is intended to enlighten those in the insurance industry that may not have had …

How to Attract the Right Underwriter for Transportation Clients

“There is no such thing on earth as an uninteresting subject; the only thing that can exist is an uninterested person” – G.K. Chesterton The insurance market for transportation risks is increasingly conservative in what it accepts, coverage offered and …

E&O Insights: How Well Do You Know Your Own E&O Policy?

As many agents know, there are various standards to which they will be held in the event of litigation. There are also standards to which customers will be held. One of those standards involves a duty the customer has to …

Transportation Network Companies, Uber Liability Gap Worry Insurers

There’s a growing concern over a gap between personal and commercial insurance where ridesharing services like Uber and Lyft are concerned – and slowly states and cities across the country are taking a look at how liability should be handled …

How to Encourage Private Sector Flood Insurance

New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles include political and consumer resistance to full cost-based pricing …

People – Southeast

SIAA (Strategic Insurance Agency Alliance) has named Steve Tombarelli to the newly-created position of national director of Business Insurance Advantage. “We recognize that small commercial lines are becoming the new focus for independent insurance agents and a continued focus for …