Ace’s friend Ed is an inventor whose roof was damaged during an experiment. He had an emergency board-up job done to protect the contents of his home, but the carrier is denying Ed’s claim and refusing to pay the bill, because his policy covers only conte
As I write this, my 11th Chairman’s Voice article, I am reminded just how fast this year has gone and how much I value those with whom I have had the pleasure of working on a regular basis at the Big “I” and what they mean to us as members.
Recently, the U.S. Senate Committee on Banking, Housing and Urban Affairs passed by voice vote the “National Association of Registered Agents and Brokers Reform Act of 2013” (NARAB II). Broad, bipartisan support for the bill signals an important milestone
By: Volume 110, No. 7
August Felker doesn’t consider himself a book balancing believer. “Honestly, we don’t look at it that way,” says the CEO of The Murphy Insurance Group, a six-location firm based in Madison, Wis. “We look at each type of business differently, and we have d
Hold Harmless Agreements Aren’t Harmless; Boomerang Kids; Auto Insurance Suspensions Revisited
As the expiration of the Terrorism Risk Insurance Act program quickly approaches at the end of next year, it’s already on track to be a hotly debated issue on Capitol Hill. TRIA was originally passed in 2002 in response to the commercial property-casualty
My wife Nanette and I were on the road in May and missed the horrible weather that came through Oklahoma on back-to-back days. In difficult times like these, it’s important for independent agents to support each other and our communities—including our ass
Independent insurance agents are becoming one of the best-kept secrets of the industry. While America is being bombarded with cute TV commercials, witty billboards and ear-catching radio announcements from direct writers promising to save us $400 on our c
Someone steals two baseball tickets from Ace’s friend Sean, who paid $1,600 for both tickets. But under Sean’s HO3 policy, the insurance company only gave him the face value–$240–for both tickets. Is the insurance company correct?