Insurance Journal » Curtis M. Pearsall http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 20 May 2013 15:29:00 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 E&O Insights: Restaurant and Tavern Risks http://www.insurancejournal.com/magazines/features/2013/05/20/292081.htm Mon, 20 May 2013 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=292081 Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is common. Yet before taking that first step, do your homework to help you understand that these …

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]]> E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product http://www.insurancejournal.com/news/national/2013/05/14/291814.htm Tue, 14 May 2013 14:16:38 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=291814 If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of standardization of policy forms contributes …

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]]> Remember E&O When Buying or Selling an Agency: Pearsall http://www.insurancejournal.com/news/national/2013/04/25/289696.htm Thu, 25 Apr 2013 14:46:35 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=289696 While the industry seemed to see a spike in mergers and acquisitions activity in 2012 due to some tax implications, many are projecting that 2013 will see some healthy buying and selling, too. While there are many issues to address …

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]]> E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product http://www.insurancejournal.com/magazines/features/2013/04/22/288682.htm Mon, 22 Apr 2013 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=288682 If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top of the list. The lack of standardization of …

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]]> E&O Insights: Don’t Forget About E&O When Buying or Selling an Agency http://www.insurancejournal.com/magazines/features/2013/03/25/285526.htm Mon, 25 Mar 2013 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=285526 While the industry seemed to see a spike in mergers and acquisitions activity in 2012 due to some tax implications, many are projecting that 2013 will see some healthy buying and selling, too. While there are many issues to address …

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]]> E&O Insights: Insuring Personal Watercraft http://www.insurancejournal.com/magazines/features/2013/02/25/281866.htm Mon, 25 Feb 2013 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=281866 Do Your Customers Know the Options? It won’t be long before Mother Nature lets your customers know it’s time to get their boats out of storage and into the water. Other customers might decide it’s time to purchase that dream …

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]]> E&O Insights: Differences Between Standard, Excess & Surplus Markets http://www.insurancejournal.com/magazines/features/2013/01/28/278212.htm Mon, 28 Jan 2013 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=278212 For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t have the appetite. There is no doubt that …

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]]> E&O Insights: Placing Business with New Markets? Proceed with Your Eyes Open http://www.insurancejournal.com/magazines/features/2012/12/17/273797.htm Mon, 17 Dec 2012 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=273797 New entrants into the insurance industry are often triggered by the market showing signs of hardening. After all, these “newbies” have a better chance of securing a healthy rate by not having to pay for “past sins.” In addition, while …

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]]> E&O Risks When Writing Long-Term Care Insurance http://www.insurancejournal.com/news/national/2012/12/13/273860.htm Thu, 13 Dec 2012 16:14:55 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=273860 As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to realize the importance and value of long-term care insurance. The goal of purchasing it is two-fold: retaining as much of …

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]]> E&O Insights: The Specialty World of Long-Term Care Insurance http://www.insurancejournal.com/magazines/features/2012/11/19/270504.htm Mon, 19 Nov 2012 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=270504 As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to realize the importance and value of long-term care insurance. The goal of purchasing it is two-fold: retaining as much of …

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]]> E&O Risks When Insuring Commerical Property http://www.insurancejournal.com/news/national/2012/11/05/269411.htm Mon, 05 Nov 2012 17:28:46 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=269411 It seems that every year commercial property is one of the top three lines of business generating errors and omissions (E&O) claims against agents. Because most agents insure a fair number of commercial buildings, this is an area in which …

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]]> E&O Insights: Insuring Commercial Property – What Could Possibly Go Wrong? http://www.insurancejournal.com/magazines/features/2012/10/22/267356.htm Mon, 22 Oct 2012 00:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=267356 It seems that every year commercial property is one of the top three lines of business generating errors and omissions (E&O) claims against agents. Because most agents insure a fair number of commercial buildings, this is an area in which …

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]]> E&O Insights: Know the Details When Insuring Cargo http://www.insurancejournal.com/magazines/features/2012/09/24/263677.htm Mon, 24 Sep 2012 04:00:50 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=263677 It’s important to know all of the details when looking to insure risks with a cargo exposure. Because no two risks are the same, the underwriter will look to the agency to provide those details to fully understand and underwrite …

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]]> E&O Insights: Keep Eyes Wide Open When Handling E&S http://www.insurancejournal.com/magazines/ideaexchange/2012/07/23/256415.htm Mon, 23 Jul 2012 04:00:32 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=256415 The excess and surplus lines market has been around a long time. It has served the insurance marketplace well, providing specialty coverage and writing tough-to-place risks. While activity in the E&S market is traditionally strong, as the market shows some …

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]]> Why Workers’ Compensation Leads in E&O Claims http://www.insurancejournal.com/news/national/2012/07/16/255847.htm Mon, 16 Jul 2012 17:01:35 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=255847 Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess of $100,000. Details of those claims show …

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]]> E&O Insights: Why Businesses Need Umbrella Protection http://www.insurancejournal.com/magazines/features/2012/06/18/251435.htm Mon, 18 Jun 2012 04:00:25 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=251435 Umbrellas are apparently not as simple as many would like to believe because various issues involving umbrellas cause more than their fair share of errors and omissions claims. Due to the nature of umbrella coverage, the exposure can be significant …

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]]> E&O Insights: Why Workers’ Compensation Leads in E&O Claims http://www.insurancejournal.com/magazines/features/2012/05/21/247864.htm Mon, 21 May 2012 04:00:27 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=247864 Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess of $100,000. Details of those claims show …

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]]> E&O Insights: Social Media Can Be Your Friend or Foe http://www.insurancejournal.com/magazines/features/2012/04/02/241148.htm Mon, 02 Apr 2012 04:00:00 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=241148 Effective use of the various forms of social media can play a huge role in the success of your business. Therein is the crux of the issue — “effective use.” To simply start using social media such as Twitter, Facebook, …

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]]> E&O Insights: What to Consider When Buying or Selling an Agency http://www.insurancejournal.com/magazines/features/2012/03/19/239778.htm Mon, 19 Mar 2012 04:00:44 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=239778 There is a tremendous amount of mergers and acquisitions activity going on in our industry. Every day, insurance news providers report on insurance acquisitions. The big agencies are not only getting bigger, they seem to becoming more diversified. There are …

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]]> E&O Insights: Use Caution When Moving a Customer From a Claims-Made to an Occurrence Form http://www.insurancejournal.com/magazines/features/2012/02/06/233702.htm Mon, 06 Feb 2012 05:00:34 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=233702 From time to time, an account is moved from one form of insurance to another. The scenario could involve moving from a claims-made form to an occurrence form, or vice versa. Other scenarios could involve moving from a claims-made form …

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]]> E&O Insights: Why Your Agency Should Recommend Employment Practices Liability Coverage http://www.insurancejournal.com/magazines/features/2012/01/23/232210.htm Mon, 23 Jan 2012 05:00:57 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=232210 Employment practices liability insurance (EPLI) has been around since the early 1990s, mostly due to the passage of the 1991 amendments to the Civil Rights Act. Some of the latest information noted on various websites puts the number of employment-related …

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]]> E&O Insights: Enhance Your Errors & Omissions Culture in 2012 http://www.insurancejournal.com/news/national/2011/12/30/229174.htm Fri, 30 Dec 2011 16:32:08 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=229174 As the end of 2011 approaches, this is a good time to reflect upon what went well and what didn’t during the year — as well as what changes you should make in 2012. Here are a few errors and …

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]]> E&O Insights: Enhance Your Errors & Omissions Culture in 2012 http://www.insurancejournal.com/magazines/features/2011/12/16/227460.htm Fri, 16 Dec 2011 05:00:25 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=227460 As the end of 2011 approaches, this is a good time to reflect upon what went well and what didn’t during the year — as well as what changes you should make in 2012. Here are a few errors and …

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]]> Can Claims Handling Cause an Errors & Omissions Claim? http://www.insurancejournal.com/news/national/2011/12/01/225720.htm Thu, 01 Dec 2011 15:14:31 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=225720 The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents must be aware of. It …

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]]> E&O Insights: Can the Manner in Which an Agent Handles a Claim Cause an Errors & Omissions Claim? http://www.insurancejournal.com/magazines/features/2011/11/21/224837.htm Mon, 21 Nov 2011 05:00:49 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=224837 The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents must be aware of. It …

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]]> E&O Spotlight: Insuring Commercial Properties? Important Issues to Watch For http://www.insurancejournal.com/magazines/features/2011/10/17/220242.htm Mon, 17 Oct 2011 04:00:08 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=220242 Most agencies write some degree of commercial insurance. There is a good chance that insuring the building is part of the overall program for these commercial exposures. Unfortunately, as demonstrated by the following claim, numerous issues can occur with this …

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]]> E&O Insights: Advising Clients on Coverage Needs When Children Leave the Nest http://www.insurancejournal.com/magazines/features/2011/09/19/216237.htm Mon, 19 Sep 2011 04:00:54 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=216237 With the college year again upon us, there is a good chance your agency has some clients whose children are heading off to school. Not only is this typically a busy time, it can also be an emotional time for …

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]]> E&O Insights: 15 Ways to Guarantee an Agency E&O Claim http://www.insurancejournal.com/magazines/features/2011/08/15/210806.htm Mon, 15 Aug 2011 04:00:12 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=210806 Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous. Seriously. While most agencies want to …

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]]> E&O Insights: E&S Market Requires Attention to Detail http://www.insurancejournal.com/magazines/features/2011/07/18/206638.htm Mon, 18 Jul 2011 04:00:12 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=206638 The excess and surplus lines (E&S) marketplace fulfills a huge role in our industry. The exposures it can entertain are virtually limitless. Without this segment of our industry, many risks might very well have gone uninsured. Few agencies can properly …

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]]> E&O Insights: Does Every One of Your Accounts Have a Personal or Commercial Umbrella? http://www.insurancejournal.com/magazines/features/2011/06/20/203024.htm Mon, 20 Jun 2011 04:00:36 +0000 Curtis M. Pearsall http://www.insurancejournal.com/?p=203024 The answer to the question posed in the headline is probably “no.” Despite your efforts, not every account (personal or commercial) buys this protection. The best follow up question would be, “Have you provided an umbrella proposal to every one …

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