Berkshire Hathaway GUARD Insurance Cos. announced it will no longer write certain classes of homeowners’ risks. In a notice sent to GUARD agencies at the end of June, the carrier stated it would no longer accept new submissions for homeowners coverage for any property...
Guidance through the claims process: A carrier’s perspective
Independent agents have relationships with various insurance carriers. Each carrier has its own set of tools and resources to help agents educate their clients about what will happen when they file a claim—before, during and after. By working together, agents and...
Random insurance thoughts: Jurassic Park
You may be aware that Jurassic World Dominion was released earlier this month. Dominion is the (checks IMDB) sixth Jurassic Park/World movie. The release of JWD has caused me think about the “Jurassic” premise as whole. First, let me say I am a huge Jurassic Park fan....
How to make professional connections as a remote entrepreneur
For any businessperson, networking is one of the most important things that must be done. This is even more so for entrepreneurs. Whichever field your business is in, the more contacts you have, the more opportunities you may have to collaborate with other brands,...
E&S market: Why can’t I find that in the law?
The answer to the question posed in the headline is because many excess- and surplus-lines insurance companies’ actions are covered by the contract. Have you ever asked yourself why E&S insurance carriers can cancel a policy with only 30 days’ notice when in most...
A look at the ‘wholesale’ marketplace
Brady Kelley is the executive director of the Wholesale & Specialty Insurance Association, a member service organization representing the entire wholesale, specialty and E&S industry. Dan Maher is the executive director of Excess Line Association of New York,...
A legacy: NFIP rating system’s past and future
Traditionally, a legacy is something that is handed down from one generation to the next. In the legal world, it is literally an amount of money or property left to someone. More philosophically, a legacy can be an idea, mission, or purpose that future generations are...
NOAA predicts a mild, warm Northeast this spring
Recently, the National Oceanic and Atmospheric Administration released its climate predictions for April, May and June. After a winter that was mild for some—and not so mild for others—this spring could be a much-needed break. However, some of these predictions come...
Connecticut Convention, a successful return
PIA held its Connecticut Convention on March 24-25, 2022, at the Hartford Marriott Downtown—a new venue for the event that gave attendees a refreshed location to learn, grow and network. Hundreds of insurance-industry professionals from all over Connecticut earned...
The Great Resignation—why insurance agencies should take note
According to the U.S. Bureau of Labor Statistics, nearly 33 million U.S. employees have resigned from their jobs since April 2021. In November 2021 alone, 4.5 million workers resigned. For many reasons, individuals in the U.S. are reevaluating their employment—and...