Most commercial property policies largely limit coverage for business personal property to that located at a described location. Increasingly, though, business property is being dispersed to the locations of home workers, creating a need for more current and relevant coverages, not to mention revisiting business limitations and exclusions in personal lines forms.
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COVID-19 Articles by Bill Wilson To summarize in one convenient location, this is what I’ve...
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Recently I was interviewed by Michael Jans of the Connected Insurance Podcast about the insurance implications of the COVID-19 pandemic in the U.S. Here is a link to the 40-minute podcast….
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Are you ever asked to issue a certificate of insurance attesting that just about everyone in the entire state is an additional insured on your customer’s CGL policy? If so, let’s hope the remuneration from the contract requiring this is worth essentially giving away the insurance.
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If an agent says that someone is an additional insured on a certificate of insurance and they’re actually not, is the agent liable? Does such a misrepresentation by the agent create a liability for the insurer? Does such a misrepresentation override any disclaimers on the certificate? According to the Washington Supreme Court, the answer is “Yes, yes, yes.” Read on for the details and the lessons learned.
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An article I read about the current profitability issues with the commercial auto line of insurance implied that the reason and solution primarily involved the rating methodology. Perhaps, but there could be another explanation….
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How fast can you buy homeowners insurance? According to one insurtech, the world record is currently 1 minute and 20 seconds. The potential downside for purchasers is obvious. But what about the downside for such speed merchants? It seems that the trial bar has its eye on these races to the bottom, as evidenced by a recent policyholder law firm blog post.
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I just read an article that referenced a ‘study’ that said that only 11% of ‘people’ find insurance agents and brokers to be trustworthy. I’m reminded of a couple of quotations: “Torture numbers and they’ll confess to anything” and “The Devil can quote scripture to suit his purpose.” That’s why I don’t put a lot of stock into articles and ‘studies’ that appear to be solutions (or conclusions) in search of problems.
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