Monthly Archives: <span>November 2020</span>

Washington Family Files Lawsuit Following Death After Surgery

The family of a woman who lived at a Washington facility filed a lawsuit alleging neglect that caused her death following bunion surgery. The lawsuit says 33-year-old JoHanna Pratt died from a pulmonary embolism after the surgery in 2017, The …

Berkshire Hathaway GUARD Expands Architects & Engineers Coverage Into 3 States

Berkshire Hathaway GUARD Insurance Companies has expanded the list of states the company offers its architects and engineers professional liability product to include Colorado, Kansas, and Wisconsin. With these three states, the company now offers this line in half the …

Candidates in Hotly Contested North Carolina Insurance Race Talk Scandal, Priorities

The race for the next North Carolina Insurance Commissioner features two familiar faces to state voters in what is a three-peat showdown featuring Republican Mike Causey and Democrat Wayne Goodwin. Causey, the incumbent, bested the two-term former commissioner Goodwin in …

N.C. Judge First to Favor Policyholders in COVID-19 Closure Lawsuit

A judge in Durham County, N.C., has handed down what may be the nation’s first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit. Superior Court Judge Orlando F. Hudson Jr. ruled on Oct. 7 that closure orders …

Internal Perpetuation Versus Sale of the Agency

Death and taxes are as inevitable as life itself. Yet most fail to plan for the inevitable. An ounce of early preparation is worth a pound of last-minute maneuvering. Thinking through the eventual exit ahead of time allows you to …

Agents’ E&O Under Pressure

The agency errors and omissions liability market has enjoyed stable market conditions for years. But that could be changing as agents and their insureds attempt to balance emerging risks in a changing insurance market. The year 2020 has seen changes …

Agency E&O Survey: More See Premiums on the Rise

According to Insurance Journal’s 2020 Agency E&O survey, slightly more than half of all respondents (50.2%) saw an increase in their E&O renewal premium from 2019 to 2020, and 53.8% expect another increase at their next renewal. In the West …

Safety Technologies Could Stop 40% of Big Truck Rear Crashes: Study

Safety features such as automatic emergency braking and forward collision warnings could prevent more than 40% of crashes in which semis rear-end other vehicles, a new study has found. The Insurance Institute for Highway Safety, a research group supported by …

Insurers Powered by New Tech Ready to Assist Policyholders

This hurricane season has already broken several records, and it is not over yet. So far, 2020 has produced 23 named storms, including two using the Greek alphabet for only the second time in history. Nine named storms have made …

Getting an Agent-of-Record: It’s Easier Than You Think

Sally wants to close every piece of business she works on, but she doesn’t. She’s not even close. Her price is never good enough. The coverage gap is never big enough. And even if it is, it doesn’t end up …