Author Archives: Bob

What to do, or not do, when reporting an insurance claim

If and when you have an insurance claim to report, you should inform your insurance agent of its occurrence as soon as possible, even if you called the claim in direct to the insurance company.  Reporting direct is not only accepted today, it is encouraged by many insurance companies and agents, including this writer, IF… Read More: What to do, or not do, when reporting an insurance… »

The 2023 insurance industry crisis and artificial intelligence

After sustaining elevated claims expense in 2022, the U.S. Property & Casualty Insurance Industry (P&C) is now dealing with the greatest crisis in its long history.  Catastrophic weather-related property and casualty losses, driven higher by inflation, are totaling in the billions. Those affected include hundreds of reinsurance and primary insurance carriers; risk managers, independent agents… Read More: The 2023 insurance industry crisis and artificial intelligence »

Respondeat Superior, A Look at When Employers May be Held Liable for Their Employee’s Conduct

Respondeat Superior in Latin literally means “let the superior make answer.” In legal terminology, respondeat superior or “vicarious liability” is the doctrine in which an employer or principle is held liable for their employees’ or agents’ wrongful acts committed within the scope of employment. A California appellate court described the doctrine as follows: Respondeat Superior,… Read More: Respondeat Superior, A Look at When Employers May be Held… »

Join The Insurance Industry And Become a Professional

It’s insurance careers month. Given that the industry is undergoing a substantial human sea change as some 400,000 baby boomers retire, it’s appropriate that we celebrate our industry. I’ve been reflecting on my decision to major in insurance as a sophomore in college. It was probably the best decision I’ve made in my entire life,… Read More: Join The Insurance Industry And Become a Professional »

2019 Iowa Proposed Workers’ Compensation Rate(s) Reduction – overall 9.2%

Pursuant to Iowa Code section 515A.6(7), notice is hereby given that the National Council on Compensation Insurance, Inc. has made a rate filing which affects the premium rates for workers’ compensation insurance. The rate filing proposes an overall decrease in voluntary and assigned risk rates of 9.2% from the current rates that became effective January 1, 2018.… Read More: 2019 Iowa Proposed Workers’ Compensation Rate(s) Reduction – overall 9.2% »

California’s drivers revealed as the nation’s worst

A mix of rising drunk driving incidents, distracted driving, and gridlocked highways has given California the dubious honor of hosting the nation’s worst drivers. Previously in second place, the Golden State now ranks first in the annual study on bad drivers by online insurance marketplace website QuoteWizard, which described the state’s drivers as “firmly the… Read More: California’s drivers revealed as the nation’s worst »