Search found 11 matches

by DarrenR
Mon Feb 13, 2012 5:03 pm
Forum: Opinions
Topic: Adding Addtional Insureds
Replies: 6
Views: 6513

Re: Adding Addtional Insureds

I occasionally get requests from banks asking me to name them as AI/LP for a new loan, and when I check with the insured they tell me not to issue the certificate because they aren't sure they are using that bank for the loan. Always confirm with the insured first.
by DarrenR
Mon Jun 14, 2010 5:22 pm
Forum: Opinions
Topic: Entertainment broker
Replies: 3
Views: 3629

Re: Entertainment broker

There aren't really any classes to take. You have to learn it on the job. The (un)fun part is that the entertainment industry does not work like other types of businesses, and as a result, you are asked to do things (many of which are impossible or simply illegal) on the insurance side that you woul...
by DarrenR
Wed Apr 28, 2010 1:29 pm
Forum: Opinions
Topic: Ca Broker Fee
Replies: 24
Views: 15119

Re: Ca Broker Fee

The CA DOI website states that the broker fee regulations apply only to personal lines.
by DarrenR
Wed Mar 17, 2010 10:50 am
Forum: Opinions
Topic: acords
Replies: 4
Views: 1933

Re: acords

If you don't have an agency management system you can become an Acord member:

http://www.acord.org/about/membership/P ... fault.aspx
by DarrenR
Thu Mar 11, 2010 2:50 pm
Forum: Opinions
Topic: Waiver of Subrogation on Auto Liability
Replies: 5
Views: 13897

Re: Waiver of Subrogation on Auto Liability

Being in the entertainment insurance business, I deal with municipalities and their ridiculous insurance requirements on a daily basis. I understand that they don't want to be responsible for anything that happens as a result of issuing a permit, but I'd like a real life example where an insurance c...
by DarrenR
Thu Mar 11, 2010 11:20 am
Forum: Opinions
Topic: Waiver of Subrogation on Auto Liability
Replies: 5
Views: 13897

Waiver of Subrogation on Auto Liability

One of my clients is trying to obtain a film permit from a municipality. One of the requirements is a waiver of subrogation on the commercial automobile liability coverage. The carrier will not provide the waiver and I didn't even think it was possible to have a waiver of subrogation on auto liabili...
by DarrenR
Thu Jan 08, 2009 11:42 am
Forum: Opinions
Topic: Current Replacement Costs
Replies: 7
Views: 2649

Re: Current Replacement Costs

You need to explain to your insureds that the fluctuation in the value of real estate is primarily a fluctuation in the value of the land, not the structure. Just because the value of the house they are buying is 15% less than it would have been a year ago doesn't mean that it costs 15% less to rebu...
by DarrenR
Fri Oct 31, 2008 10:53 am
Forum: Opinions
Topic: Terrorism coverage and small business GL
Replies: 14
Views: 21951

Re: Terrorism coverage and small business GL

Didn't the President specifically push the insurance industry not to use the definition of "act of terrorism" as a way to get out of paying claims related to 9/11? I believe the President pushed to not have the 9/11 attacks declared acts of war so that insurance policies would pay claims.
by DarrenR
Fri May 30, 2008 10:50 am
Forum: Opinions
Topic: Curious additional insured question
Replies: 9
Views: 4893

Re: Curious additional insured question

I don't insure contractors, but my guess is these parties are not covered under the blanket additional insured endorsement because contracts with architects and engineers are not insured contracts.
by DarrenR
Thu May 15, 2008 4:55 pm
Forum: Opinions
Topic: Certificate Holder - "Endeavor to mail"...
Replies: 8
Views: 5309

Re: Certificate Holder - "Endeavor to mail"...

Darren, I can't believe that you strike out the "endeavor to mail". If the strike out is not authorized by the insurance company and your are sued as the result of the certificate you issued, even your E& O carrier will not provide coverage as you intentionally without authorization m...
by DarrenR
Thu May 08, 2008 7:00 pm
Forum: Opinions
Topic: Certificate Holder - "Endeavor to mail"...
Replies: 8
Views: 5309

Re: Certificate Holder - "Endeavor to mail"...

An additional insured is not guaranteed any right of notice of cancellation of a policy. The only party entitled to notice of cancellation is the first named insured on the policy. Insurance companies may notify additional insureds of cancellation as a courtesy, but they are not obligated to. They &...