Errors & omissions claims against agencies related to the COVID-19 pandemic have not materialized as feared a year ago. Overall, E&O claims against agencies actually dropped in 2020. That’s basically good news for agency owners. However, experts warn that agencies …
Like other insurance agencies that have been named Best Agencies to Work For, the Huneycutt Group in Wilmington, North Carolina, credits its family atmosphere and regular group activities for promoting an environment where employees and owners can thrive. But to …
It’s no easy task to create a working environment in which employees know they are valued, are encouraged to grow and thrive in their jobs, and voluntarily convey their admiration for their workplace. But the leadership at the Houston-based independent …
As I write this, in the fall of 2021, it’s now clear that we are going to be living and working with COVID-19 for the indeterminant future – perhaps forever. Regardless of one’s opinions about vaccines, masks, social distancing and …
Homeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the wake of a natural disaster. The product, Recoop Disaster Insurance, pays out a lump-sum cash benefit from $5,000 up …
National American International Group announced that President and CEO Peter Zaffino will assume the additional role of chairman of the board of directors, effective January 1, 2022. As previously announced, Brian Duperreault, currently executive chairman, will retire from the board …
By Andrew G. Simpson Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents to sell its insurance, and it has hired a Travelers Insurance executive to lead the effort. …
The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes–as well as underwriting, rating and insurance producer and sales issues. That’s according to a review by Wolters Kluwer …
Misc. Excess Professional Liability Market Detail: Maven means one who is an expert or connoisseur in their field. Just as you are a Maven in your profession, at Balance Partners, our Maven team is here to focus on the unique …
For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs to support gig-workers at scale, advises a report from insurance broker Marsh. According to the report, the COVID-19 pandemic is …
