When an insured’s roof sustains hail damage, the insured’s current and previous insurer deny the claim. Both carriers indicate that the damage occurred while the other insured the building.
If your agency is looking to get a piece of the excess & surplus lines pie, here are three strategies to keep in mind to maximize your potential for success.
This spring, MGM Resorts informed federal regulators it might pay up to $800 million in liability lawsuit settlements stemming from the 2017 mass shooting in Las Vegas—$751 million of which would be covered by insurance.
Independent agent Donny Chartier does not write any hotel/motel policies without employment practices liability insurance for two reasons: sexual harassment and age discrimination. “Right now, it’s the most important coverage a hotel owner can have,” he s
An insured is installing a new HVAC unit on the roof of a tall building. The insured plans to hire a helicopter service because a crane will not suffice. How does the agent protect the insured against the extra expense associated with a potential installa
Encova Mutual Insurance Group—the new brand of Motorists and BrickStreet—launched last month. IA talked with Encova CEO Dave Kaufman to learn more about what the carrier’s expanded product lines mean for agents and customers.
Excess & surplus licenses are increasing among independent agencies. Here’s why more of your peers are trying to get a piece of the pie—and when it might make sense for your agency to follow suit.
Every business relies on their equipment to keep their business running, which means explicitly designed equipment breakdown coverage is crucial.
In commercial lines, is is best to rely primarily on referrals for new business? Or is it better to branch out to other channels? Two independent agents debate the issue.
Errors & omissions claims happen, and many of the worst ones—those in excess of $1 million—come from the same lines of business and involve similar types of errors.