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Do you sell any commercial lines insurance policies for $11-$29 a month? Do you sell any commercial lines insurance policies, start to finish, in less than 10 minutes? Here’s an organization that says it can and does.
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Category: Opinion
Is There a Duty to Read an Insurance Contract?
Is there a duty for insureds to read their insurance policies? Should insurance professionals (agents, underwriters, adjusters) read and understand the insurance policies they sell or service? Take this very quick poll and offer your opinions (poll is limited to the first 100 responders).
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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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Is Buying Insurance Like Ordering a Burrito?
“In a world where we can summon a car, or our favorite Mexican restaurant’s veggie burrito, at the touch of a button; shouldn’t we be able to get insurance cover for our homes by just providing our address?”
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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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You Don’t Always Get What You Think You’re Going To Get
One of the few daily ezines I read is Coverager which focuses on insurtechs. Here’s a dose of reality from their August 7 issue about an insurtech entrepreneur who insured his home and auto with other insurtechs. Then had claims. Uh oh.
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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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Insurance Is NOT a Commodity…Real Life Example #8,215: Auto Business Exclusions
With very few exceptions. the ISO Personal Auto Policy covers most business use of private passenger autos, pickups, vans, and trailers. However, there are non-ISO policies that do not. Caveat emptor. Auto insurance is NOT a commodity.
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Top 5 Insurance and Legal Blog for 2017
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