Author: Independent Insurance Agent’s of America “Big-I” & Trusted Choice | [Editorial Note: This material applies to any home event where liquor is hosted. Off-Premises events will be dealt with in a later post.] The Trusted Choice® survey found that about one-third of homeowners did not think or did not know if they could be… Read More: The Big “I” and Trusted Choice® provide the following tips… »
Author: Phyllis Van Wyhe, CPCU, CIC – A rental car agreement defining the obligations of the car rental company and renter may at first appear to be quite simple. However, it is a legal contract with several important options for the car renter to choose. An incorrect choice could lead to confusion, trip delays, or economic… Read More: Rental Car Contracts Raise Coverage Stakes »
Excerpt from ia Magazine – Author Bill Wilson | An agent’s insured has multiple rental properties. During a recent inspection, the insured found hail damage to a roof and reported the claim to his agent, but was not sure of the date the hail caused the damage. Q: “The adjuster claims the last hail storm… Read More: Property Damage: When is Recovering ACV (depreciated value) the Only… »
As the 2015 new year approached we thought it was time to update this short article originally posted in August, 2014. At that time the Iowa workers’ comp loss costs (rates) were only advisory with no final approval. After rereading the article, we quickly realized it was not only narrow in scope, but also quite boring in nature. It really needed something to pep it up. After making several attempts, we had… Read More: NCCI Files For 3.7% Decrease of Iowa Workers’ Compensation Rates… »
Thanks to our friends at Insurance Business America – Author: Caitlin Bronson – December 17, 2014 | The 113th US Congress adjourned last night without taking action on a bill addressing two critical insurance industry issues, leaving the future of several lines of insurance in doubt. The House-passed bill to renew the Terrorism Risk Insurance Act… Read More: The US Senate Adjourns Without Passing Terrorism Bill »
From Insurance Business America: Author: Caitlin Bronson – December 8, 2014 | Insurance agents working with victims of 2012’s Superstorm Sandy may have reason to celebrate this week. Faced with continued pressure from Sandy victims and their advocates, the Federal Emergency Management Agency announced a number of significant reforms to the National Flood Insurance Program… Read More: FEMA announces substantial changes to flood insurance [Again!] »
Thanks to our friends at Insurance Business America Author: Caitlin Bronson – October 31, 2014 | As auto insurance increasingly moves into the ranks of commoditization, Americans find themselves more or less satisfied with their automobile insurance. Still, the debate rages on over which factors—such as education, credit score or income level—can be used… Read More: The 13 most expensive American cities to buy auto insurance »
Thanks to our friends at Insurance Business America Author: Caitlin Bronson – August 20, 2014 | The world is transfixed on the rioting in Ferguson, Mo. following the police shooting of unarmed 18-year-old Michael Brown on Aug. 9. Sky-high tensions in the town of 20,000 have resulted in the arrests of 78 people and as-yet… Read More: The riots in Ferguson: What insurance applies? »
Excerpted from Independent Insurance Agents of Iowa, Iowa Agent Newsletter – June 23, 2014 | Question: My client’s house was damaged by hail, the siding is no longer made and can’t be matched. How should this loss be settled? The client has replacement coverage on the home and the carrier does not believe they have to replace all the siding to match.… Read More: When Partially Damaged Siding or Roofing Doesn’t Match the Undamaged… »
Thanks to our friends at Insurance Business America Author Caitlin Bronson – June 05, 2014 | One of the most hotly debated underwriting factors in auto insurance, an applicant’s credit history continues to be used significantly in crafting policy rates. A new report from WalletHub may make that task easier, however. Researchers at the consumer… Read More: How your credit history affects auto insurance pricing »