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

The Emerging Hail Risk: What the Hail is Going On?

The number of reported claims involving hail damage to residential and commercial roofing products has increased dramatically in the past few years. Some reports place the increase at almost double historical claim totals. What is the cause of this significant …

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Adult entertainment/Gentleman’s Clubs Market Detail: Founders Insurance Co. offers affordable liquor liability protection for hard-to-place risks, including: live entertainment, late closings, …

Management Liability: Hard Market or Sea Change?

For years, directors and officers, and entity coverage for privately held firms was one of the best deals going, with broad coverage, cheap pricing and low retentions. Over the past several years, market capacity suppressed management liability pricing and retentions …

Walmart Begins Selling Auto Insurance Online

Walmart has partnered with AutoInsurance.com to offer car insurance to its customers at “everyday low prices.” The new arrangement provides an auto insurance comparison service through the AutoInsurance.com website from national insurance carriers that include Progressive, Esurance, Safeco, Travelers, and …

Overstock.com Brings Insurance Sales to Retail Site, Agents React

Customers of Overstock.com can now furnish their home or office and insure them through the same source. The online retailer this month began selling small business, auto and home insurance along with furniture, rugs, beauty products and electronics. The mega-“etailer” …

Stable, Attractive MGA Market, Now and in the Future: Conning Report

Managing general agents represent an important access point for insurers interested in specialty markets. It’s also a growing segment. That’s according to a new report by Conning, an investment management company for the insurance industry. The study – “Managing General …

How to Minimize Exposure from Information Loss

Personal and corporate information stored digitally in a company’s network offers tremendous value, both as a business asset – and when (mis)used in identity fraud. A network or data security breach is often the starting point for identity and corporate …

Liabilities and Insurance Coverage Implications of Solar Panels

Solar panels are quickly becoming a fixture in our everyday lives. Comprised of photovoltaic cells, solar panels harness and convert the sun’s energy into usable electricity otherwise generated by the use of oil, coal and “dirtier” fossil fuels. The environmental …

Cleveland Indians Baseball vs. New Hampshire Insurance: An Agent’s Duty to Additional Insureds

Insurance policies often include a category of insureds other than the named insureds, commonly referred to as “additional insureds.” This typically occurs in one of two ways. First, pursuant to a named insured’s request, an insurance company may permit specific …

Some Independent Agents Are Their Own Worst Enemy

Some independent agents imagine that they are involved in an eternal sales conflict. Their mortal enemies include the large national insurance marketers, area captive agents, plus a wide swath of local, regional, and digital competitors. This battle-vision hardens their resolve …