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...D&O Liability, Umbrella & Excess Liability, Employment Practices, home...ting strategies, and poor reserving practices are just a few of the problems. ...

...settlement. If these payments are excessive, they can seriously hamper agency ... financial assets of the agency from excessive valuation demands and/or attorn...

... Hammes 3/1 /2018 12:00:00 AM Ten years ago it took $5 million in total agency revenues and about $30 million in Property/Casualty premiums to land on the top 100 agency list. Now an agency needs to have in excess of $10 million in revenues and $60 million in premiums to make the cut. Ten years ago the average independent agency in the country had $250,000 in total revenues with six to seven people. Today the average is close to $600 ... 000 in revenues, also with six to seven people. To use a phrase from Bob Dylan, "the times, they are a changing." All Articles by CompleteMarkets Editor Comments (0 ) EMPLOYMENT AGREEMENTS – DO'S AND DON'T'S This content has not been rated yet. CompleteMarkets Editor , Al Diamond 2/7 /2018 12:00:00 AM Distinguish between the terms "non-compete" and "non-piracy." In its basic terms, a Non-Compete clause protects the agency against a former employee taking accounts that they produced ... for which they were responsible while an agency employee. A Non-Piracy clause protects the agency from a former employee taking any agency accounts, whether or not they were responsible for producing or servicing them. All Articles by CompleteMarkets Editor Comments (0 ) Employment Practices Liability Insurance: Occurrence Forms versus Claims-Made Forms This content has not been rated yet. CompleteMarkets Editor 10/20/2016 12:00:00 AM Writing EPL insurance on an occurrence basis has its advantages. For example, under claims-made policies, the limit of Liability may ...

... Hammes 3/1 /2018 12:00:00 AM Ten years ago it took $5 million in total agency revenues and about $30 million in Property/Casualty premiums to land on the top 100 agency list. Now an agency needs to have in excess of $10 million in revenues and $60 million in premiums to make the cut. Ten years ago the average independent agency in the country had $250,000 in total revenues with six to seven people. Today the average is close to $600 ... 000 in revenues, also with six to seven people. To use a phrase from Bob Dylan, "the times, they are a changing." All Articles by CompleteMarkets Editor Comments (0 ) EMPLOYMENT AGREEMENTS – DO'S AND DON'T'S This content has not been rated yet. CompleteMarkets Editor , Al Diamond 2/7 /2018 12:00:00 AM Distinguish between the terms "non-compete" and "non-piracy." In its basic terms, a Non-Compete clause protects the agency against a former employee taking accounts that they produced ... for which they were responsible while an agency employee. A Non-Piracy clause protects the agency from a former employee taking any agency accounts, whether or not they were responsible for producing or servicing them. All Articles by CompleteMarkets Editor Comments (0 ) Employment Practices Liability Insurance: Occurrence Forms versus Claims-Made Forms This content has not been rated yet. CompleteMarkets Editor 10/20/2016 12:00:00 AM Writing EPL insurance on an occurrence basis has its advantages. For example, under claims-made policies, the limit of Liability may ...

...ulnerability Standard vs. Excess and Surplus Lines Markets Exp...nce with the policy a condition of employment. Although this might seem harsh,...

... dollar' costs benefiting owners (excess T&E, excess auto) = $_____ 6. Add: Interest expe...

...kly as possible to avoid accruing excessive interest charges. Start investing ...

...ditional coverages as Umbrella or Excess Liability, Employment Practices Liability, Health insurance, Key Person Life,...

... TAX TREATMENT: Employee-Excess of fair market value over option pric...business (Life, Group, Professional Liability, Surety). In those situations, t...

... President Reagan on October 27, 1986. Short Title: SEC. 1. This Act may be cited as the Liability Risk Retention Act of 1986. Definitions: SEC 2. (a ) As used in this Act - (1 ) Insurance means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for shifting and distributing risk, which is determine to be insurance under applicable State or Federal law; (2 ) liability' - (A ) means legal liability for damages (including costs of ... or operations; or (ii) any activity of any State or local government, or any agency or political subdivision thereof; and (B ) does not include personal risk liability and an employer's liability with respect to its employees other than legal liability under the Federal Employers' Liability Act (45 U.S.C. 51 et seq.); (3 ) personal risk liability' means liability for damages because of injury to any person, damage to property, or other loss damage to property, or other loss or damage resulting from ... , directly or indirectly, the operation of a risk retention group except that the jurisdiction in which it is chartered may regulate the formation and operation of such a group and any State may require such a group to - (A ) comply with the unfair claim settlement practices law of the State; (B ) pay, on a nondiscriminatory basis, applicable premium and other taxes which are levied on admitted insurers and surplus lines insurers, brokers or policyholders under the laws of the State; (C ) participate, on a nondiscriminatory ...