Certain strategies can provide greater stability for agents and their clients amid stormy seas. Chief among those is selecting the right insurance partner. What other considerations come into play? STABILITY IN AN UNSTABLE MARKET Amid uncertainty, agents must advocate for business clients that may be struggling By Krista Mayes The global health crisis. The hardening insurance market. More uncertainty ahead. Weathering the perfect storm of an unstable and everchanging market
Coverage Concerns
A new platform flags discrepancies and omissions in premium accounting. Over time, it will capture and share data on a range of policy transactions, including submissions, placements, certificates, claims notifications, and claim settlements. ACORD STREAMLINES PREMIUM ACCOUNTING … and uses blockchain to do it, by the way By Joseph S. Harrington Do you ever find premium reconciliation to be a hassle? ACORD, the organization working to promote data-sharing among insurance
There Must Be Tangible Damage A restaurant ran into a serious loss under the worst set of circumstance. Berries restaurant had the poor luck of having a long-term, roadway construction project located near their location. While the project did not physically block customers from coming, the restaurant owners argued that it did cause serious loss to their property and on their bottom line. Berries claimed that the construction created a
Dig a Little Deeper By Dawn Jackson, AU, AINS BREAKING BAD Insurer denies claim regarding cleanup of rental property used for producing meth The Court Decisions column is a popular feature in Rough Notes magazine, in part because the courtroom is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if” scenarios, but until those scenarios are tested with an actual loss
With fewer program revisions being adopted more quickly, agents and brokers will be seeing fewer differences in edition dates, but will be encountering more policy provisions crafted individually. Learn more here. 21ST CENTURY POLICY FORMS Fewer versions with more variations By Joseph S. Harrington, CPCU What do you think of when you learn that forms for a line of insurance are being completely revised? Are you thrilled at the prospect
