How Agents Block Claims In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency. Defensive strategies, or risk management …
How to Keep Problems From Turning Into Claims We have all had experiences in our lives where we look back and realize our very life was almost extinguished. If not for the difference of a few seconds or inches this …
Joe the “insurance agent” wants a reasonably priced errors and omissions insurance policy for his independent agency that covers all the business activities his operation engages in, whether they are revenue producing or not. He also wants his premium to …
40 Risk Management Steps Independent Agents Implemented to Lower Their Risk The exclusive 2008 Insurance Journal Agency E&O Survey asked independent agents what risk management steps their agency has implemented to reduce their errors and omissions exposure. Here’s what some …
The 2008 Insurance Journal Agency E&O Survey, conducted Oct. 3 through Oct. 16, drew 1,042 respondents from 50 states; there were no respondents from the District of Columbia. The five states with the highest percentages of respondents were California (19.3 …
While independent agents have their favorite carriers for certain risks, on occasion they end up choosing a carrier other than their preferred carrier. Most often the reason they do is pricing. Independent agents named customer price as the leading factor …
Reagan Consulting and the Independent Insurance Agents & Brokers of America (Big “I”) announced the Best Practices Agencies for 2008-2009. A total of 189 agencies from around the country maintained their Best Practices status this year, and one from each …
Undue Influences “(W)e drink the Kool-Aid.” —Moody’s Chief Executive Raymond McDaniel, commenting, in documents, on the dilemmas agencies like Moody’s face in assigning ratings to issuers of securities. Sometimes, he acknowledged, the constant letters and communications from analysts, managing directors, …
Aon Consulting announced that Mark Arian has joined the firm as executive vice president and leader of the Aon Consulting Corporate Transactions group, focusing on mergers and acquisitions. Arian and his team will be responsible for helping clients shape strategies …
Reagan Consulting and the Independent Insurance Agents & Brokers of America (Big “I”) announced the Best Practices Agencies for 2008-2009. A total of 189 agencies from around the country maintained their Best Practices status this year, and one from each …
