According to the National Association of Insurance Commissioners (NAIC), increasing federal attention is on state departments of insurance. This report focuses on resources and regulatory activities of NAIC members. These members include the following. – The 50 states – District of Columbia, – American Samoa – Guam – Northern Mariana Islands – Puerto Rico -…
The Big “I” Technical Affairs Committee (TAC) is one of the least publicized committees among the groups that work to improve agency operations and solve many types of insurance issues. TAC met with Insurance Services Office (ISO) in 2022 with a full agenda of suggested coverage wording enhancements and changes. Read on to see how…
Are your clients’ workers’ compensation claims failing to close in a timely manner? Given the injury, does it seem like the claim drags on, with no clear plan of action or solution? Does your insured suspect that an employee is malingering? Social media investigations are an investigatory tool that can help close even the oldest…
Whether you are new to using social media to increase customer engagement or want to increase new business leads, how you communicate across the multiple social media platforms is critical. Whether you’re a seasoned veteran of tweeting and other platforms or you’re just dipping your toes in the social media waters, this article provides ten…
When my plumbing contractor husband recently renewed his general liability coverage, he asked our agent if he would have coverage if his employee installed a gas water heater and it later leaked, injuring someone in his customer’s household. His agent said, “Probably not,” based on the total pollution exclusion. Case law regarding what is and…
In 1995, the Legislature added section 1725.5 to the California Insurance Code (Cal. Ins. Code) to require various types of insurance licensees to print their license numbers on business cards, written price quotations for insurance products, and print advertisements distributed exclusively in this state for insurance products. That law took effect in 1997. The California…
According to the Environmental Protection Agency (EPA), geothermal energy technology “harnesses the Earth’s heat,” and at least three types of technology that take advantage of that natural resource. These include ground source heat pumps, direct use geothermal and deep geothermal systems. This article provides a brief overview of this technology and some of the property…
The insurance industry has long gone through periods of “hard” and “soft” market conditions. In hard markets, insurance premiums increase and capacity – the ability of insurance markets to accept coverage – typically shrink. In soft markets, premiums decrease, and market capacity typically increases. Many newer agents have never experienced a hard market. The ability…
As an insurance agent, you understand that your clients and their organizations face new challenges every day, including keeping workers’ compensation costs down, receiving proper workplace injury reports and improving employee morale. It doesn’t need to be difficult to address these needs. In fact, by simply guiding your clients to the right nurse triage program,…
As the marketplace for long-term care insurance continues to shrink, more agents seek ways to expand their revenue and meet their insureds’ needs by offering other coverages. Critical illness coverage, which provides additional insurance protection for medical emergencies such as strokes, cancer, or heart attacks, can offer your clients protection and build customer loyalty.