Agency Management

Seven Steps to a Smoother Catastrophe Claims Process

Bradley Flower, Big I member and owner of Portal Insurance in Mobile, Alabama, knows a few things about catastrophes. He developed catastrophe claims process we asked him to share for…

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Monitoring The Ratings of Bermuda-Based Carriers

If you have placed coverage with any Bermuda-based carriers, your agency management team should monitor their financial strength.

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Disaster Planning for Insurance Agencies

Increasingly inclement weather, civil disobedience, electrical grid failures – all these problems can create a nightmare for insurance agents. Not only will these events impact your clients, but your agency’s…

Emerging Risks Mean New Risk Exposures and Insurance Solutions

Each year, the CRO (Chief Risk Officer) Forum, formed in the Netherlands in 2004 to advance risk management practices in the insurance industry, provides an update on emerging risks. Its…

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Are Your Employees a Flight Risk?

It’s hard to find and keep great employees. Just when you relax a bit, thinking you’re fully staffed and everyone’s happy, someone gives notice. Or perhaps an applicant you’ve offered…

Referring Clients to Vendors Can Open the Door to Liability

While agents often refer their clients to trusted vendors such as glass and restoration companies, this linked article can highlight the dangers vendors may pose.

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The Best Antidote to The Great Resignation – The “Stay” Interview

You’ve heard the statistics, right? Not only do we face a “silver tsunami” of retirements, now we have employee flight and a shortage of qualified applicants. According to the Society…

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Working with Adjusters to Get Claims Settled

Agency personnel have typically taken one of three approaches to agency claims handling – a hands-off approach – “It’s between you and the insurer”; an overly involved approach, focused on…

Hammer gavel judge with car vehicle accident, insurance coverage claim lawsuit court case.

The Scourge of Social Inflation

Social inflation refers to factors unrelated to general inflation in the economy that underlie rising court awards. Although there are some who deny the existence of social inflation, the preponderance…

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