Dig a Little Deeper By Bruce Hicks, CPCU RAIN ON THE ROOF—AND INSIDE THE HOUSE Are appraisal provisions contained within insurance policies meant to settle coverage issues? The Court Decisions column is one of the most popular features of Rough Notes magazine. One reason is that the courtroom is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if” scenarios, but until
Personal Lines
To The Point By Mary Ann Cook BAD FAITH REFORMS AND AUTO INSURANCE AFFORDABILITY Personal auto insurance affordability is a major issue for Florida drivers and insurers Florida is the second least affordable state in the country for auto insurance, according to the Insurance Research Council (IRC), a division of The Institutes. A recent IRC report found that the average household in the state spent 2.45% of annual household income
EMERGING RISKS Scooters and shooters and drones, oh my! By Christopher W. Cook Bob Dylan said it best back in the ‘60s: “The times they are a changin.’” And as the times change, so do the risks involved with everyday life, especially as technology continues to advance. The ‘60s saw a focus on health issues linked to smoking—leading to adjusting insurance premiums based on tobacco usage—and the challenges of the
ISO Emerging Issues Perspective By Jared Smolik REFINING AUTO RATING WITH DATA ANALYTICS New tools help insurers align premium with risk Risk factors old and new are coming into sharper focus as personal auto insurers adapt to emerging data streams and technologies. The implications could filter all the way down to the retail level, with new research leading to greater understanding and more refined pricing in two areas of growing
Mind the Gap By Marc McNulty, CIC, CRM SPECIAL EVENT EXPOSURES Work with your company underwriters to craft the right coverage for your clients’ events You’re an up-and-coming producer, and you’re working hard to build your book of business. So far you’ve written a nice mixture of personal and commercial accounts and are now feeling knowledgeable enough to be dangerous. The phone rings and you take a call from a
