COVID-19 Insurance Implications Podcast
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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Category: Issues
Onerous Certificate of Insurance Requests
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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A Certificate of Insurance Supreme Court Decision You MUST Read TODAY
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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Insurance Profitability’s Ugly Step Child
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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World Speed Championship – How Fast Can You Buy Homeowners Insurance?
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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Torture Numbers and They’ll Confess to Anything
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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“When Words Collide” Webinars
Beginning in April, you will have two options for a 12-hour series of webinars based on the book “When Words Collide: Resolving Insurance Coverage and Claims Disputes.” One option is less expensive and includes access to dozens of other webinars but provides no CE credit. The other option is slightly more expensive but includes CE credit in a number of states. Choose the one that works best for you.
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Some Similarities Between Autonomous Vehicle Development and InsurTech
Take a look at this new Insurance Nerdery video on autonomous vehicle and see how it compares to technology developments in the insurance industry, from comparative rating to insurtech. The similarities are striking.
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Top 5 Insurance and Legal Blog for 2017
My New Ebook
BONUS! Purchasers of this book get a free PDF download of my book “QuoteNotes: The Ultimate Quotational Reference System and Authoring Tool for Professional Speakers and Writers” endorsed by Zig Ziglar and Brian Tracy. This is an indexed and cross-referenced compilation of my 1,500 favorite quotes and includes a section on how to use quotations in your speaking and writing.
To get BOTH books at a discounted price, click the book cover or CLICK HERE.