3 Ways Agents Are Getting Stuck in Auto E&O
In 2021, the Great Reopening brought with it a return of the auto errors & omissions claim. Swiss Re received 183 of them last year and 2022 is on track to surpass it.
Personal Lines
Winter Vacations and Unoccupied Homes: Losses Waiting to Happen
Here are four potential issues that can occur during the colder months and how agents can help clients be better prepared.
Should the Personal Umbrella Effective Date Match the Underlying Policy?
Is it best practice to ensure that the personal umbrella policy effective date aligns with the date on the homeowners policy, personal auto policy or any other underlying coverage?
Driving Trends, Inflation Accelerates Auto Loss Ratios
With inflation peaking at its highest level in 40 years, auto loss ratios are at their second highest in over 20 years.
National Fire Prevention Week Celebrates 100 Years
This year’s Fire Prevention Week campaign, “Fire won’t wait. Plan your escape,™” works to educate everyone about simple but important actions to help stay safe from home fires.
How the Standalone Canine Liability Policy Helps With Dog Bite Exposures
Dog-related claims are taking a bite out of insurer profitability, so underwriting standards are becoming more stringent.
Are Your Clients’ In-Home Systems Protected?
When home systems break down, the costs to repair or replace even one of them can run well into the thousands.
Personal Liability for Hitting a Golf Ball Through Someone’s Window
A golfer’s ball broke a window in a house on a golf course. The golfer, who submitted a claim under his personal policy, was denied coverage due to “the hazards of living on a golf course.” Is the golfer legally liable?
Rising Auto Insurance Premiums Affect Bundle Satisfaction
The study by J.D. Power shows that the increase in auto premiums is dragging down the overall satisfaction of policyholders and hurting retention rates of bundles.
Is Real Property Included in the Care, Custody or Control BAP Exclusion?
An insured with a business auto policy rents a warehouse he’s not contractually obligated to insure. While backing out, he hit the building, and the carrier is denying coverage.
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