Agents & Brokers News

Burand’s Agency E&O Blog: Tip #62

Producers and Staff Do Not Adequately Know the Agency’s Procedures. More often than many might expect, staff and particularly producers do not adequately know the agency’s procedures. This can be especially exasperating to agency owners who spent the money developing procedures. …

Burand’s Agency E&O Blog: Tip #61

Proper Authorization to Change Coverages Part II.  In Blog 14 I wrote about the need to verify the party requesting a change in coverage has the required authority to make such a request.  Another variation of this theme is more …

XL Group Adds Kidnap, Ransom & Extortion to Yacht Insurance

XL Group is adding a Kidnap, Ransom & Extortion Crisis (KRE) endorsement to its existing ShipShape and ShipShape Plus recreational marine insurance coverages, with limits up to $50 million. Under the new endorsement, yachts insured by ShipShape can choose liability …

All Trans Risk, Fireman’s Fund Target Para-Transit Industry

All Trans Risk Solutions and Fireman’s Fund Insurance Co. have launched AllParaPro, a specialty insurance product targeting the underserved non-emergency medical transportation company sector. In a statement, CEO Robert G. Lull for the Mahwah, N.J.-based All Trans noted that operators …

Insurance Noodle Launches New Facility for Salon & Spa Services Risks

Chicago-based Insurance Noodle has launched an integrated facility for spas and salons, offering access to multiple carriers through a single insurance application. The service promises agents they can simultaneously market their salon and spa services risks to all available carriers …

EFG Launches Home Warranty Product for Sale by Insurance Agents

EFG Companies has launched a home warranty product designed to be sold by insurance agents. The product, Simplicity Home Warranty, covers all non-manufactured, non-historic homes, regardless of square footage. The warranty includes protection for unknown pre-existing conditions; rust and corrosion; …

Marijuana and Workers’ Compensation on Industry’s Watch List

Editor’s Note: This is the third in a series of articles on the the marijuana insurance industry. Upcoming stories will include reports on potential changes to federal laws, and regional reports on how medical marijuana is impacting insurance in states …

Andy Weitz Joins Aon as SVP of Global Marketing & Communications

Aon plc announced that Andy Weitz, 37, will become senior vice president of global marketing and communications on October 1st. Weitz was most recently president and CEO of the U.S. region for Hill + Knowlton Strategies, a global business advisory …

Willis Launches Medical Plans for Expat Employees

Willis Employee Benefits Limited, part of Willis Group Holdings plc, has partnered with Now Health International and Healix International to offer affordable medical plans for clients with fewer than 99 expatriate employees. A special feature of the medical plan is …

Swett & Crawford Expands Energy Practice Group

Swett & Crawford, headquartered in Atlanta, has formed a partnership with JH Blades, which will expand the capabilities offered by its Energy Practice Group. Operating as a coverholder and MGA, the Houston-based JH Blades underwrites upstream energy business both onshore …