https://completemarkets.com/Article/article-post/2460/What-You-Can-Do-About-Insurer-Insolvency/
...ance company, E&O or Umbrella/Excess carrier refusals? Unknown. (Because t...uating a carrier’s financial stability and minimizing the risk of an E&O c...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/328/Certificates-Of-Insurance-Binders-And-Evidences-Of-Insurance-What%E2%80%99s-The-Difference/
... doesn't matter once an agency has stated that coverage is bound. Just because a carrier states it will write a risk does not automatically mean the company is binding the risk. Writing and binding are not necessarily the same thing. An agency never has binding authority with excess and surplus (E &S ) markets. Thus, when an E&S broker states that it will bind a risk, the agency should never tell the client that the agency is binding the risk because it is not – the broker is ... the risk. The semantics are important. Furthermore, an agency should not tell the client the broker is binding the risk based on a conversation. It's essential to get what the E&S broker promised in writing. Also, just because a client demands a binder does not mean the agency has to give the client a binder unless the client really does need a temporary contract of insurance. If the client really only needs proof of insurance, then the agency should issue the proper proof — not a binder. Because very ... If staff and producers have authority from agency management to write binders, and assuming management wants the job done correctly, they must know the agency's binding authority! (" Guidelines" is a misnomer, because it's really a list of the agency's contractual binding authority by line.) . Some agency managers don't want staff to write binders, but fail to communicate this. At the same time, so few staff really understand binders that half the time they're binding risks and don't even know that they're doing so. None of these ...
https://completemarkets.com/Article/article-post/212/How-To-Deal-With-A-Wholesaler/
... your most important allies is an Excess and Surplus (E&S) lines broker you can...in the long run for you, your clients, and your agency.
https://completemarkets.com/Article/article-post/1533/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-4/
...luding CGL policies, umbrella and excess policies, and even workers compensation and homeowners policies. If the events in ... are enforceable under both California and U.S. law, unless they can be attack...
https://completemarkets.com/Article/article-post/1684/AGENCY-BROKER-PROFILING/
...uto over the last 12 years was in excess of $52 billion. (Underwriting loss in...erform the duties he or she is best at and likes most. That concludes the rev...
https://completemarkets.com/Article/article-post/1593/Independent-Contractor-Producer-Agreement/
...es of accounts 'Producer' writes. Excess and surplus facilities as available i... in this Agreement shall be in writing and shall be served either (a) personally by handing the same to the person to be ser...