This article explains the current directors and officers (D&O) insurance market and offers strategies so that insurance agents can educate their commercial clients of the importance of D&O in today’s…
One of the most frequent allegations in agency errors & omissions claims arise when policy limits are insufficient to pay a claim. Your commercial insureds’ statements of value (SOV) are…
Managing and protecting your book of business is a critical goal for independent insurance agents. Your book of business includes the policies under your management across a variety of carriers.
Have you heard of the Big “I”s Technical Affairs Committee? This committee is probably one of the least discussed yet very important task force working to improve coverage on behalf of agents and consumers.
Our Ask an Expert helps provide best practices for reading the policy to understand water damage coverage.
Not all agency errors & omissions carriers and policies are alike. While it’s always tempting to use price as the primary factor in selecting coverage, this information can help you…
Today’s insurance agents and brokers must recognize new and emerging risks and rapidly evolving coverage limitations to help best protect their customers. For over two decades, Verisk, or ISO as we old-school…
Workers’ compensation fraud experts estimated in 2022 that work comp fraud cost the U.S. $34 billion (about $100 per person in the US) annually. This number excludes self-insured employers. This…
There is little denying that we are in an era of escalating uncertainties. As a long-term risk manager, each year I read the Global Risks Report, which offers a comprehensive…
Generative artificial intelligence (AI) is transforming how the insurance industry does business. However, it’s also triggering a wave of legal and insurance challenges. With at least 11 major lawsuits currently…
