As in a marriage, if you’re in a good relationship, you never have to consider the contract. But if things go badly, words mean everything,” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga., told attendees at the fifth annual …
According to conventional wisdom, 2004 was the first year in the past 16 where insurers finally broke through and made an underwriting profit on commercial lines auto. The breakthrough came after a year, 2003, which saw the countrywide combined ratio …
The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority and respect, one complaint stood out. “When asked about why he wanted to change carriers, one agent …
Program Managers Urged to Protect Themselves When Negotiating Carrier Contracts As in a marriage, if it’s a good relationship, the parties never have to consider the contract. But if things go badly, words mean everything.” Greg Thompson, president of THOMCO …
The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood out. When asked about why he wanted to change carriers, …
The little old lady from San Francisco rejected an earthquake endorsement on her homeowners coverage, only to have her home later destroyed by earthquake. Her family sued the agent, the case went to trial, and the jury ruled in favor …
The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood out. “When asked about why he wanted to change carriers, …
As in a marriage, if you’re in a good relationship, you never have to consider the contract. But if things go badly, words mean everything,” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga., told attendees at the fifth annual …
Program managers urged to protect themselves when negotiating carrier contracts. Carrier contracts are like a marriage, according to Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga. “As in a marriage, if you’re in a good relationship, you never have …
Okay, so my rantings about what a great insurance market the Midwest is have come back to haunt me. Evidently we’re just as vulnerable as any other region of the country or the world. Look what happened on Nov. 6, …
