I received this question recently. “Will my customer’s personal auto policy cover their adult child that has moved out of their house?” That’s a pretty good question and I’m glad it was asked. Thankfully, I was able to see the …
On July 25, Insurance Journal’s Academy of Insurance hosted a webinar by Joe Harrington, entitled The Evolution of Cyber Liability. Joe started the session in the early days of cyber liability when it was a fringe third-party liability coverage, sold …
People leave things to the last minute. In college, the papers got written at the last minute. On Monday, people get up at the last minute. Insurance buying happens at the last minute. I believe that’s one of the reasons …
Insurance policies are supposed to be written to comply with state readability statutes. The biggest problem with those statutes and requirements is that they don’t actually address the content of the policies. This is the current Florida statute related to …
When a customer buys an insurance policy, one of the often unanswered (and unasked) questions is “where does this policy apply?” You may not think it’s a big deal. But what if you just wrote a CGL policy for a …
I was reading my latest issue of Carrier Management yesterday and found an article about how Lloyd’s was planning to modernize their operations. The article mentioned that Lloyd’s had put together a prospectus of potential solutions, but that nothing would …
I travel some with this gig. Most of that travel is either to teach something or to make connections with potential customers. This week, I’m at the one event I attend that’s as much for my own benefit as it …
I recently had a conversation about public adjusters. Here’s the short version of that conversation. What is a public adjuster? Would you recommend someone use a public adjuster? That made me think that we could bring some of that conversation …
Liability insurance protects the customer when something happens to someone else. Customers have liability exposures if they do something, sell something, have a place, go to a place or hire someone, among other activities. Liability policies provide money for damages, …
Have you ever thought about how much insurance a person should buy? If you ask the agent, she might tell you that they should buy as much as they can afford. If you ask the underwriter, he might tell you …
