Competition & Best Practices Results May 5, 2014 By Chris Burand A recent study reviewed in The Economist (Jan. 13, 2014) proved that competition was required to foster business success and...
Burand’s Agency E&O Blog: Tip #60 May 1, 2014 By Chris Burand Quality of Quotes. Sometimes in the hurry hurry world of the CSR or producer, an insured will request quotes for...
Burand’s Agency E&O Blog: Tip #59 April 29, 2014 By Chris Burand Renewal Processing Time. Due to many reasons, including agencies cutting staff too much, I find many commercial CSRs are far...
Burand’s Agency E&O Blog: Tip #58 April 24, 2014 By Chris Burand ACA Grandfathering Disclaimer. According to the Wall Street Journal (Nov. 6, 2013), the first E&O suits have been filed against...
Burand’s Agency E&O Blog: Tip #57 April 23, 2014 By Chris Burand Review Renewals. While my recommendation to review renewals might seem so simple that even mentioning it might seem like I’m...
Why Agencies Need to Pay More Attention to Insurer Insolvency April 10, 2014 By Chris Burand A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is...
Hiring That First Good Producer April 7, 2014 By Chris Burand Hiring that first good producer may be the most difficult single step/achievement an independent agent undertakes. It is so difficult,...
Burand’s Agency E&O Blog: Tip #56 March 27, 2014 By Chris Burand Personal Lines Quote Sheets. In most agencies, CSRs base their personal lines quotes off the data gathered per their quote...
Burand’s Agency E&O Blog: Tip #55 March 24, 2014 By Chris Burand Fees & Agency’s Standard of Care. An agency’s Standard of Care requirement has many moving parts and variables. Simple answers...
Insurance Company Stability March 10, 2014 By Chris Burand Many years ago, a well-known insurance company went from being highly rated to insolvent almost in a fortnight. Most people...