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 […]
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?
Underwriters frequently provide inaccurate guidance as to policy language because they don’t read their own policies.