Federal Insurance Office Releases Long-Awaited Modernization Report December 12, 2013 After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its report...
U.S. Regulator Unveils New Insurance Fee Guidelines November 5, 2013 A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to...
Burand’s Agency E&O Blog: Tip #48 October 2, 2013 By Chris Burand Notifying Umbrella Carriers of Potential Claims. Every reader likely knows the importance of notifying an excess/umbrella carrier of potential claims...
The Fight for Policy Ownership September 16, 2013 By F.E. 'Rick' Russell II There are times when what agents don’t know can hurt them. And this is one of them. I refer to...
Prior Approval of Auto Rates Does Not Benefit Consumers: Study August 21, 2013 The prior-approval rate regulation of auto insurance is considered an unnecessary and ineffective approach, according to a new industry study....
Concerns Over Cyber Security Risks Outweigh Traditional Risks for Large Firms: Study August 7, 2013 By Andrea Wells Cyber security risks have become more worrisome to large organizations than traditional natural catastrophe risks, according to a new study...
Burand’s Agency E&O Blog: Tip #41 July 31, 2013 By Chris Burand Accepting Payment After Hours. Many agencies continue to accept premium payments even when closed. Customers put their payments through mail...
AAIS Adds Three New Staff Positions July 26, 2013 The American Association of Insurance Services (AAIS) has added three new positions to its staff. Scott Sheldon, an auto insurance...
Burand’s Agency E&O Blog: Tip #40 July 25, 2013 By Chris Burand Claims Draft Checks. Not many agencies have claims draft authority any longer, which I consider a positive change relative to...
Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey July 24, 2013 How are agencies targeting new business today? What do agencies want most from carriers? And just how much are agencies...