https://completemarkets.com/Article/article-post/229/Agency-Risk-Management-Of-Soft-Market-Hard-Market-Exposures/
...e new carrier doesn’t include.
This all boils down to the fact that your agenc...ubmitted after the policy expires. Normally, the policy is designed to cover c...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1616/DOLLARS-AND-SENSE-FINANCIAL-RESPONSIBILITY-REQUIREMENTS-FOR-UNDERGROUND-STORAGE-TANKS/
... could reach 400,000 in the next several years. After this peak, EPA expects fewer releases as owners of USTs comply with federal and state requirements for new USTs and upgrade older USTs with spill, overfill, and corrosion protection. Cleaning up these leaks can be costly. Congress wanted ... of the two following forms. If your UST insurance coverage is an expansion of a policy you already have, your insurer should give you an Endorsement' document that completes and reproduces the model form shown on page 10. If you get a new policy, your insurer should give you a ...
https://completemarkets.com/Article/article-post/1616/DOLLARS-AND-SENSE-FINANCIAL-RESPONSIBILITY-REQUIREMENTS-FOR-UNDERGROUND-STORAGE-TANKS/
...at there are about 1.2 million federally regulated petroleum USTs buried at ov...ons under the policy to whidh this endorsement is attached. b. The ['insurer'...
https://completemarkets.com/Article/article-post/1098/HARD-MARKET-SHENANIGANS/
...’t competitive. They’re allegedly relying on the carrier’s g...er to the department of insurance and call for a public hearing. It’s li...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/225/E-O-Risk-Management-When-Using-Surplus-Lines-Companies-Part-I/
... . Let's look at the legal and regulatory status of Surplus Lines companies. Because these carriers are usually not admitted to do business in a particular state, they fall under the state's Surplus Lines laws and regulations, which usually include: A Surplus Lines premium tax of 2% to 9% ... review all proposals, forms, terms, and conditions with the insured. If you don't know specifically what's meant, get a copy of the endorsement from the broker or ask for an explanation and/or clarification. If the broker does not provide a Best Rating for the company being used ...
https://completemarkets.com/Article/article-post/1092/CUT-THROUGH-ENDORSEMENTS/
...he primary carrier and reinsurer usually attach a cut-through endor... be applicable. Finally there's the issue of fina...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1092/CUT-THROUGH-ENDORSEMENTS/
... have not heard, nor can I recollect, any of the concerns occurring that you outlined. However, caution is good. Check with your state IIABA association and E&O carrier for their input. &# 160 And by the way, most banks and mortgage companies are satisfied with ... Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Cut-Through Endorsements 4/30/2013 10:36:58 PM by CompleteMarkets Editor , IIABA Virtual University Faculty IIABA Virtual University Faculty This content has not ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1850/THE-2011-ISO-HOMEOWNERS-NEW-AND-IMPROVED/
... ), otherwise covered would have no coverage if it had been used even once in the past to service a neighbor's premises. The policy now states that there is coverage for a motor vehicle "used solely to service a residence" (and not the "insured's" premises only) . ... IMPROVED Mary LaPorte The ISO updates to the HO policy took effect on May 1, 2011. The updates in the Homeowner coverage forms and related endorsements reflect ISO's responsiveness to the changing needs of policyholders. These clarifications avoid ambiguity. The policy enhancements outweigh the minor reductions in coverage, and provide ...
https://completemarkets.com/Article/article-post/225/E-O-Risk-Management-When-Using-Surplus-Lines-Companies-Part-I/
...nies. Because these carriers are usually not admitted to do business in a particular state, they fall under the state’s Surplus Lines laws and regulations, which usually include:
A Surplus Lines premium...plus Lines broker countersignature endorsement that must be attached to the po...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1098/HARD-MARKET-SHENANIGANS/
... not serving the public's best interests. I have an insured for Auto only. I tried to place his HO with the same company. He stated that he had $85,000 on a 1,450 sqaure-foot home and that his current agent told him that the guaranteed replacement cost capping ... about $20,000 if the home is gutted, but not destroyed. Agents are using the cap on the RC like a peak season endorsement on a Business policy. Ironically, premiums are increasing because agents don't insure the homes to full RC to begin with. This is an injustice ...