E&O Claim Frequency Is Increasing July 17, 2023 By Chris Burand Through my recent discussions with clients and carriers, it is clear to me that agencies are incurring substantially more errors...
Underwriting vs. Coverage Standards June 19, 2023 By Chris Burand Historically, if an account met an insurance company’s underwriting standards, the account was provided coverage in exchange for the required...
How To Correctly Design Insurance Coverage AND Make More Sales May 22, 2023 By Chris Burand Years ago, Chris Boggs authored a phenomenal white paper titled “How to Read an Insurance Policy.” Everyone selling insurance, adjusting...
Are Commercial Property Insurance Companies Dinosaurs? April 17, 2023 By Chris Burand The vast majority of commercial property, i.e., assets, are no longer physical. The majority of commercial assets are intangible. In...
A Better Method for Measuring Distributor Value March 20, 2023 By Chris Burand Carrier management teams are under intense pressure to cut expenses, but to make smart cuts, the right measures must be...
Surplus Lines Risk Factors February 20, 2023 By Chris Burand A generation has passed since the last hard market and a substantial proportion of the people employed in agencies today...
A Great Opportunity January 23, 2023 By Chris Burand A great opportunity exists for those who want to make a difference in their communities, clients’ lives, and businesses on...
Why Boutique Agencies & Brokers Win December 5, 2022 By Chris Burand Professional boutique agencies are the solution, the only real solution, for all those producers who compete against big shops, insurtechs...
Another Day, Another Insurance Regulator Failure November 21, 2022 By Chris Burand As I am writing this article, AM Best reported another property/casualty insolvency this morning. If I am not mistaken, more...
The Unprepared Face Many Surprises When Selling Their Agencies October 17, 2022 By Chris Burand What is being sold when an owner decides to sell their agency? Expirations (generically). What are expirations? Data. Why is...