Features

The Ups and Downs of Insuring Tribal Cannabis

There are numerous hurdles that cannabis businesses must get over to get properly insured – price, availability, exclusions, marijuana being federally illegal – but those hurdles may be multiplied for Tribal cannabis operations. Numerous tribes across the nation are participating …

All Agencies Must Have a Balance Sheet

I have written on this subject many times, but I have done an inadequate job of being understood because I keep coming across agency owner after agency owner who does not know they need a balance sheet, and in fact, …

‘Vaccine Passport’ Apps Gaining Traction in Airports, Live Events

Over 60 U.S. stadiums and other venues are deploying an app from Clear to verify people’s COVID-19 status, placing the New York company known for its airport security fast lanes at the forefront of a national debate over “vaccine passports.” …

Compensating Personal Lines Producers & Account Managers

Personal lines production seems to be a larger focus now for property/casualty agencies today. A question that our clients often ask us is regarding how to compensate personal lines staff for production. The short answer is it depends on the …

Viewpoint: The Use of Augmented Reality in Society and Insurance

While augmented reality (AR) has been around for a few decades, the technology to power its widespread use is still fairly recent. What once required a huge mechanical system that had to be mounted to a ceiling because it weighed …

COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate …

50-Plus Insurers Met Deadline to Comply With Washington’s Credit Rule

Washington Insurance Commissioner Mike Kreidler announced that more than 50 insurance companies met the May 6 deadline to file rating plans that comply with his emergency rule to temporarily prohibit the use of consumers’ credit scores. A temporary ban on …

Cyber Security Is a Conversation Agents Need to Have with Clients

Not only are more people working from home than ever before, but entire families are shopping online and using the Internet of Things — Alexa, Siri, Google Home, and other technology embedded with sensors or software — for sharing and …

$6M Settlement for Men Abused at Washington Boys Home Being Paid by Insurers

Insurance companies are paying $6 million to settle a lawsuit brought against Kiwanis International and local Kiwanis clubs by seven men who were sexually abused at a Centralia group home for boys in Washington decades ago, attorneys for the men …

Top 5 Certificate of Insurance Questions

Over the past 20-plus years, I have answered many hundreds of questions about certificates of insurance (COIs). The first webinar I did on COIs sold out 1,000 connections and a second session had to be scheduled. About 7,000 people attended …

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