E&S Binding Limits. Extremely few, if any, retail agencies have any binding authority whatsoever with their E&S brokers. This is such a simple E&O tip that most readers probably see it as a complete waste of blog space. My field …
AOR/BOR Procedures. If the current agent is so good, why is the insured moving their policy? AOR/BOR selling strategies have increased in popularity exponentially over the last decade. Some sales consultants and producers also like the strategy because they think …
First Capital-AWIS, LLC (First Capital) and Hudson Insurance Group (Hudson) have introduced a new insurance services professional liability primary and excess facility underwritten by Hudson and administered exclusively by First Capital. The facility offers a range of insurance services classes, …
As the Internet continues to take hold over the independent insurance agent’s market share, the value-added services a broker can provide to their clients are more important than ever, especially in the high-net worth space. Being an advisor, and not …
Rockwood Programs has implemented underwriting guideline changes to its P&C Agents E&O program. The modifications will result in a rate decrease in the states of California, Massachusetts, Nevada, and Texas. The exact amount of the decrease will be dependent on …
W. R. Berkley Corp. has launched Berkley Design Professional Underwriters to focus on liability coverage for architects and engineers, nationwide. Products will be distributed through independent agents and underwritten on an admitted basis on behalf of W. R. Berkley Corp. …
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 …
MarketScout has developed a new errors & omissions facility designed specifically for Certified Insurance Counselors (CIC) to be offered through its relationship with Ironshore Inc., a global specialty insurance company. The new facility will also work in cooperation with The …
Great American Insurance Group has launched a new professional liability division offering errors and omissions (E&O) liability insurance coverage for non-medical miscellaneous service providers as well as real estate professionals and accountants. Coverage will be available nationwide except in Louisiana, …
The Hanover Insurance Group, Inc. is enhancing its technology product suite to build on the company’s suite of specialized products for small to mid-sized technology companies, with a focus on its errors and omissions (E&O) offering. The new E&O capabilities …
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