Search CompleteMarkets

...ies such as AIG, which understand foreign markets. FREE TRADE AND THE WORLD I...res: Auto, Health, Marine, Products Liability, Workers' Compensation, and so f...

... versus foreign production is ... General Liability ...

... covered with no exclusions. However, if you don't meet the definition of who's an insured, it's a moot point. For this article, I'm going to focus on two areas: the Life side of the industry and individuals selling mutual funds, variable annuities, and financial products through a broker/dealer. First, let's focus on Life agents who may find the E&O concept somewhat foreign because they typically don't deal with P/C products. Ask yourself these questions: Do you receive a certificate of insurance or a policy? If you don't have a policy, do you know what coverage you have? If you're operating under more than just your personal name, such as a corporation, is that entity named on the policy or certificate? If not, there's probably no ... 10:44:07 PM by CompleteMarkets Editor , Curtis Pearsall This content has not been rated yet. ARE YOU AN INSURED UNDER YOUR E&O POLICY? by Curtis Pearsall When comparing one E&O policy against another, you may be looking at which acts are covered, whether full prior acts' is provided, and whether defense costs are in addition to or within the limit of liability. Those are excellent areas to review. But one area that seems to get overlooked is who is considered an insured under the E&O policy. I'm sure you'd agree that it's important. After all, everything in the world could be covered with no exclusions. However, if you don't meet the definition of who's an insured, it's a moot point. For this article, I'm ...

...ile for copyrights or domestic or foreign patents when such is considered by E...

... . For example, AIG has extended its expertise in financial banking to U.S. corporate clients that do business in Asia but find their U.S. bankers unwilling to take the risk of providing financing abroad. Similarly, many IMMS members are large surety brokers with a wealth of expertise and knowledge of their corporate clients. They can extend this expertise internationally by working with companies such as AIG, which understand foreign markets. FREE TRADE AND THE WORLD INSURANCE MARKET The U.S. Canadian Free Trade Agreement has accelerated the growth of Canadian firms into the United States, while mid-sized U.S. firms have expanded into Canada. There has been some growth in Mexico but not to the extent experienced in Canada and the U.S. Anticipating passage of the Free Trade Agreement, many companies began to position themselves in the Canadian market ... the early 1980s. They saw Canada as an entry-point for export into the United States because Canadian laws are less punitive, particularly in the areas of product liability. Many of these firms are insured by the multinational alphabet-house brokers who provide extensions of coverage from a master program established in Europe or Japan. A few IMMS members have succeeded in meeting some of the essential insurance requirements in such lines as Products Liability through major insurers in Canada, particularly those with operations in the United States. Agents have been able to access U.S. insurers that frequently include Canadian exposures under their U.S. coverage. European insurers are following their European manufacturing accounts into North America. Canadian brokers and U.S. agents are involved in placing insurance in Canada or the United States on behalf of the European insurers and their clients ...

... . For example, AIG has extended its expertise in financial banking to U.S. corporate clients that do business in Asia but find their U.S. bankers unwilling to take the risk of providing financing abroad. Similarly, many IMMS members are large surety brokers with a wealth of expertise and knowledge of their corporate clients. They can extend this expertise internationally by working with companies such as AIG, which understand foreign markets. FREE TRADE AND THE WORLD INSURANCE MARKET The U.S. Canadian Free Trade Agreement has accelerated the growth of Canadian firms into the United States, while mid-sized U.S. firms have expanded into Canada. There has been some growth in Mexico but not to the extent experienced in Canada and the U.S. Anticipating passage of the Free Trade Agreement, many companies began to position themselves in the Canadian market ... the early 1980s. They saw Canada as an entry-point for export into the United States because Canadian laws are less punitive, particularly in the areas of product liability. Many of these firms are insured by the multinational alphabet-house brokers who provide extensions of coverage from a master program established in Europe or Japan. A few IMMS members have succeeded in meeting some of the essential insurance requirements in such lines as Products Liability through major insurers in Canada, particularly those with operations in the United States. Agents have been able to access U.S. insurers that frequently include Canadian exposures under their U.S. coverage. European insurers are following their European manufacturing accounts into North America. Canadian brokers and U.S. agents are involved in placing insurance in Canada or the United States on behalf of the European insurers and their clients ...

...coverage they might want, such as foreign uninsured motorist coverage, absent ...red in other types of policies. All liability policies the agent has should be...

...ability, appropriation of assets (foreign or domestic), product extortion or p...ns Directors and Officers legal liability Property and All Risk Coverage ...

...bited' shareholders means that no foreigners may be shareholders, other 'C' co...or assets swap has the same tax and liability advantages for the acquiring fir...

...s and is required to qualify as a foreign corporation with full power and auth...unconditional without regard to the liability of any other party. Each and eve...