I was recently at a meeting where one attendee related a story about being duped into doing something he didn’t necessarily want to do, and another attendee chided him saying “come on, you were being brokered”.
Both of these people are on the company side of the insurance equation.
I am appalled that “broker” is used as [...]
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Carriers usually restrict the limits they’ll quote based on an insured’s asset size or revenue. However, with defense costs running amok, is this a valid benchmark?
Investment advisors and money managers frequently forego professional liability coverage. Now that some notable funds have imploded, perhaps they’ll see why they need coverage. With luck, they’ll bestir themselves to purchase it.
