I attended the PLUS D&O Symposium in New York, February 8th and 9th. If you ever have an opportunity to go to this event, you will definitely want to take advantage of it. Not only is it in a great venue (Marriott Marquis at Times Square), the content is always cutting edge and valuable. Although […]
When underwriters are presented with half-baked information regarding the identity of the Named Insured, nearly all of them will just roll along with it and not ask any questions. They will issue the policy exactly as the application indicates. Depending on their policy wording, this could literally result in no coverage because the “Named Insured” doesn’t qualify […]
Why is it that so very many underwriters and agents seem to be lacking in absolutely critical concepts that drive the insurance transactions? It seems to me that there is no in-house or out-house training in this subject matter, and no oversight to be sure the employee has grasped the concepts and is applying them correctly. […]
The longer I’m in insurance (and it’s been over 27 years now!) the more I realize there is to learn. For information gluttons, the industry provides an endless supply of fodder, and you can challenge yourself intellectually as much as you would like. No limit. There are also people (probably the majority) who are not […]
Increasing claim frequency could easily be a result of the economy’s drag on insureds and their clients. Desperate times call for desperate measures, and an insurance policy can look like easy pickin’s.