The carrier says that a totaled food truck, which is two years old and has driven 22,000 miles, has depreciated over 30%. It bases the price on a “market survey.” Can the insured dispute the appraisal based on actual physical depreciation?
Compensation, work-life balance and benefits are the most frequently cited reasons for leaving the insurance industry, according to a study by Vertafore.
COVID-19 hit the special events market hard, yet there is a sense of optimism for when things return to normal. Here are three tips for agents to help clients get ready for when the lights come back on.
The life settlement industry has come a long way over the last few decades. Adding life settlements to the list of options allows agents to offer a broader range of services to clients.
When considering the two elements of the special events insurance market—property-casualty and contingency—there’s been a real variance in how the market has been impacted.
By: Volume: 118, Issue: 3
Professional services firms are walking a tightrope between opportunity and ruin, which means errors & omissions coverage is essential.
When life gives you lemons, independent agents and brokers errors & omissions coverage is a key contributor to the longevity of an agency—but only if the policy is covering the right exposures.
Write Once, Read Many (WORM) refers to a format of saving digital files in a way that makes them non-rewritable and non-erasable.
With all the business challenges that the pandemic unleashed in 2020, many independent agency principals and their clients are not aware of the three important pieces of legislation enacted over the past 15 months.
