Search CompleteMarkets

This is a question that many people ask on a daily basis… Settlements between state regulators and the insurance industry are calling into question whether life insurers are doing enough to make sure they pay unclaimed death benefits and whether they follow the “best practice” doctrines corporations so often preach. Wrapping up a lengthy investigation into unclaimed benefits, Benjamin M. Lawsky, superintendent of the New York State Department of Financial Services (DFS), said that insurers should have used more up-to-date databases to cross-check life insurance policies, annuity contracts and retained asset accounts with insurers’ internal files. “Best practices should have required that insurers utilizing the Social Security Administration Death Master File or a database that is at least as comprehensive, to determine if any death benefit payments were due a as a result of unreported claims,” Lawsky said in a letter. To read more on this great article (cited from): http://insurancenewsnet.com/innarticle/2013/07/31/are-insurers-doing-enough-to-pay-claims-a-389010.html?topnews#.UgUOLpK1Ff8

I've been in the insurance industry nearly 12 years, and I've become the guy that gets the hard to place referrals. On a daily basis I work with businesses that generally do not fit with the standard market. Here are some examples of recent accounts: - FMX (motocross) jump shows - They show up to any event, weather it be a track, beach, or parking lot, and perform flips and tricks as an opening act to a main event. (still considering new markets for this as they require monthly special event policies). - Inventory/Contents companies - They require Inland Marine for contents of others, as well as GL/EPL/Pollution Liability/Work Comp. They own a warehouse where contents of others and BPP is stored. The majority of work performed is taking inventory at residential and business properties, and incidentally will remove undamaged PP for temporary storage. Sometimes the inventory is completed in locations with exposure to asbestos; which they are fully licensed and trained to do so while wearing proper gear. - Textile/Home Goods Sales - They have two warehouses; one for storage, one for packaging/shipping. All sales are to wholesale and public via the web. - Swim Instructors - Teaches children aged 3-18 to swim in public and school pools. Package required. - Commercial Production Companies - Requiring coverage for props/sets/wardrobe, GL, hired auto, work comp, all on short term basis. - High Ex Mod/Large premium Work Comp risks. - Several clients from Machine Shops, Body Shops, Warehouses, Janitorial, with 500k - 3mil payroll with either lapses in coverage, large recent claims, or high ex-mods. Needing a market for the Work Comp - NO PEO! These are just a few examples of accounts within the last 30 days. I currently work with too many GA's, most of which do not have a market for a few of these. I'd like to find someone to work with that is quick on response, follows up, has reasonable fees, and has a broad range of market access. Please only reply to this is you are serious about being able to help. Thanks in advance. Regards, John H Crawley [email protected]

Add and participate in topics related to -
1. Personal Lines
2. Commercial Lines
3. Benefits

And just about anything related to the P&C industry.