https://completemarkets.com/Article/article-post/235/E-O-Claims-Training-Remediation-After-The-Error-Or-Omission/
...operly documented?
Were insurance company underwriting guidelines and... an opportunity to address the problem and perhaps take steps to prevent simil...
https://completemarkets.com/Article/article-post/2212/LIFE-HEALTH-E-O-AVOIDANCE/
...ncy. Offering Life and Health insurance involves Errors & Omissions exposu...ection that Professional Liability insurance provides — and the security of E&O will help you p...
https://completemarkets.com/Article/article-post/989/Agents-Responsibility-For-Company-Insolvency/
...0 years ago courts did not treat insurance agents as professionals and as a re...olvencies will continue to be of major and immediate concern for agents during...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1678/HOW-TO-CANCEL-A-POLICY-CORRECTLY/
... control procedures that ensure that cancellations are handled correctly and efficiently. OVERVIEW The Cancellation Request/Policy Release ACORD Form 35 should be used to terminate a policy whenever the original policy has not or cannot be returned for cancellation. Should You Issue a Cancellation? When an insured calls and requests that a policy be canceled, advise the insured as follows: 1. Ask the insured to return the original policy with a letter requesting the cancellation, the date to be canceled, and the reason for cancellation. 2. If the insured ... (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines ... Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and people searches you make. And much more! All Articles by CompleteMarkets Editor Monetization type: None Comments (0 ) There are no comments posted. x No Thanks Loading.. Loading.. x No Thanks Loading.. ...
https://completemarkets.com/Article/article-post/1452/PROCEDURES-IN-AN-AGENCY/
...hrough failure to renew expiring insurance (whether insured is contacted or no...g to an insured that you do not understand. Promise anything that yo...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/952/SELECTING-INSURANCE-COMPANIES/
... have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Selecting Insurance Companies 4/30/2013 10:35:26 PM by CompleteMarkets Editor , Carol Hammes This content has not been rated yet. SELECTING INSURANCE COMPANIES Agents' Responsibility for Company Insolvency by Carol Hammes Beware these warning signs of carrier financial instability. Financial stability ... one of the most important criteria for selecting and retaining an insurance company partner. The insolvency of a major carrier can prove disastrous, disrupting your agency, your reputation, and your insureds. And even if you survive the immediate crisis, the effects on productivity can linger for years, especially if you must defend E&O suits resulting from the carrier's financial difficulties. In the past 30 years approximately 650 P/C insurance companies have disappeared due to financial difficulties. More than half of these resulted from deficiencies in loss reserves ... generally the impact of poor management practices. Cash-flow underwriting and increases in short-term earnings intoxicated inexperienced management teams, who failed to recognize the dangers lurking in the quick fix. In the past, courts generally didn't regard insurance agents as professionals, thus absolving them of any errors & omissions exposures when a carrier became insolvent. With "professional" status came specific standards of conduct. Since 1975 the courts have required agents to have adequate knowledge of their companies and of coverages. If due diligence would have revealed financial difficulties before an agent ...
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
... CPIA This article addresses an insurance agency's the most common practices ...nt is that it should exist. Innovation and creativity have no place in the she...
https://completemarkets.com/Article/article-post/985/ERRORS-AND-OMISSIONS-CONSIDERATIONS/
...n go unshod' could apply to many insurance agencies today. Thousands of agents don’t carry any E&O insurance at all, and many more might not hav...dures that will treat customers fairly and respect their intelligence and decision-making capabilities. Keep them informed of good news and bad in a timely manner. And meet their needs with courtesy and professionalism. A satisfied insure...
https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...usiness, and changes in existing insurance products, insurance agents need to be more diligent tha...iligence can help reduce the frequency and severity of E&O claims as well ...
https://completemarkets.com/Article/article-post/2457/E-O-And-The-Hard-Market/
...'approved' by your Department of Insurance. Some risks might not be placed in ...are coverage reductions, lower limits, and higher deductibles, expect E&O claims and suits to increase. Proper documenta...