Agents & Brokers News

Burand’s Agency E&O Blog: Tip #31

Record Retention. It’s not as simple as everyone thinks. Significant and dangerous myths exist relative to this increasingly important topic. The first myth is that “records” means all records, not just paper records. Second, the solution is not to keep …

The Risks of Insuring the Cloud

Hollywood would have us believe that some smart, awkward computer guy in his 30s living in his mother’s basement is to blame. Surrounded by a dozen computer screens with an IQ of 150, this cyber character enjoys targeting large companies …

What Young Agents Say About Their Career Choice

The road to becoming a successful independent insurance agent is not always easy. The economy and often volatile property/casualty insurance market cycle are just two of the potholes agents must maneuver. Young agents in particular face the added burden — …

Most Carriers Offer Agents Training Opportunities for Online Sales: Survey

A two-thirds majority of independent insurance agents say their carriers are providing them with training and consulting on how to use their agency websites to increase sales. This is one of the findings in a new survey of more than …

Cooper Gay Swett & Crawford Complete $500 Million Financing Deal

Cooper Gay Swett & Crawford Limited (CGSC), the global wholesale insurance and reinsurance broker, has announced the successful completion of a $500 million financing exercise from US based investors. The debt repayment terms have been extended from 2014 to 2020. …

Burand’s Agency E&O Blog: Tip #29

Flood Insurance. Who Ever Said Mortgage Companies Know Everything About Flood Insurance? In agency after agency I visit, flood insurance is usually only offered to people if their mortgage company requires it. De facto, this means the agency is accepting …

14 Keys to Insuring Water-Related Entities

Water is a precious natural resource entrusted to water entities across the country. These entities include public and private water companies, irrigation companies, conservation districts and more. They face many challenges, from water main breaks to water quality and treatment …

Burand’s Agency E&O Blog: Tip #28

Job Descriptions. A simple solution to minimizing E&O exposures. One of the most significant E&O exposures is literally a “he said, she said” issue. Producers think a CSR will do something and CSRs think the producer is doing it. The …

High-Tech Personal Lines: Technology Changing the Way Agents Do Business

Many believe there is still opportunity for independent insurance agents and their carriers to grab personal lines market share. But to do so they must find a way to compete against the giant direct response and captive carriers that are …

Willis Acquires UK Indemnity Specialist Broker Prime Professions

Willis Group Holdings announced that it has “further enhanced its offering in the executive risk market by agreeing to acquire, through its subsidiary Willis Limited, PPH Limited and its subsidiary Prime Professions Limited (together referred to as Prime Professions),” a …