https://completemarkets.com/Article/article-post/1500/COMPUTERIZED-RECORDS-NEW-E-O-CONCERNS/
Computerized Records: New E&O Concerns?
COMPUTERIZED RECORDS: NEW E&O CONCERNS? Over the last few years, the Independent Agency System has focused on the role of automation in the agency and marketplace. Emphasis has been placed on adapting office environments to automation, expanding utilization, and improving technology. Now that we'...s attached. Reprinted with permission from ACORD, 1988. To obtain an order...
https://completemarkets.com/Article/article-post/187/Suspense-System-Control/
Suspense System Control
A well-run suspense system means...tified sleuth.
Implement one (or a combination) of the four suspense systems to realize time- and money-saving benefits.
https://completemarkets.com/Article/article-post/2798/Insurance-Compliance-Management-Software-How-AI-Is-Automating-the-Most-Complex-Regulatory-Workflows/
...ed from a manageable business function into an operational challenge that strains resources acro... measurable advantages through automation and live monitoring. These platforms free compliance teams to focus on strategic initiatives while you retain control and the accountability that regu...
https://completemarkets.com/Article/article-post/2008/TRANSACTIONAL-FILING-TAKING-THE-PLUNGE/
Transactional Filing: Taking The Plunge
TRANSACTIONAL FILING: TAKING THE PLUNGE b... the benefits from using this information. Transactional filing offers one such response.
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
... the previously mentioned nine components. It must be done as a separate audit system, and should be effected by someone who can objectively examine paper or media trail. In other words, don't let the people audit their own trails. Many agencies use Personal or Commercial lines managers for this important function. A manager can thus learn the strengths and weaknesses of the personnel they're supervising and find training opportunities. The audit format should reflect agency policy concerning how each of the nine functional components is supposed to work. For example, if ... any and all forms that comprise the record keeping of the nine systems above must be used the same way every time by everyone in the office! The automated agency presents a new set of challenges. First, it is important to define automation. If the customer database includes only accounting information, the agency is not automated. Remember that accounting is only one system component. The truly automated agency is driven by a single-source customer database, which includes all customer transactions and is comprised of the nine components previously mentioned. It is ... rated yet. E&O LEGAL ACTIONS: THE AGENCY NEMESIS by Roy L. Phillips, CIC, CPIA and Dan R. King, CPIA This article addresses an insurance agency's the most common practices that lead to Errors and Omission actions filed in court. Our information comes from our experience as principals in an agency and as consultants retained to review actions filed against fellow agents. As principals, we are familiar with early-morning anxieties about coverage questions. Without that history of nausea, we'd have no credence in our consulting efforts in ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1500/COMPUTERIZED-RECORDS-NEW-E-O-CONCERNS/
... 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 Professionals 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 ... ? Primarily, proof of written procedures to verify accuracy of information is required. Also, testimony about the nature and reliability of the computer program used to process data is necessary if the information has been not just stored, but also processed and summarized. Proof of database quality-control procedures may be the most important factor in admitting computer records. Also, the proponent of the record must allow his or her adversary the opportunity to inquire about the accuracy and reliability of the records before the trial. Guidelines For Admissibility Of Computer Records The ... records are perceived by the courts as no less reliable than paper records. In fact, judicial decisions have tended to view machines as more reliable than the human hand. One obvious difference between paper and computer records is that it's easier to alter or delete electronically stored information without leaving physical evidence of tampering. Thus one would think that the courts would be concerned over the possibility of fraudulently manipulating data and would be interested in existing security systems. However, computer security has not been of great concern unless the opponent in the case ...
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
E&O Legal Actions: The Agency Nemesis
E&O LEGAL ACTIONS: THE AGENCY NEMESIS by Roy L. Phillip...point is that it should exist. Innovation and creativity have no place in the ...