By Sue C. Quimby, CPCU, AU, CIC, CPIW, CLP, DAE – Senior Vice President Batteries are a ubiquitous part of everyday life – powering everything from flashlights to electronic devices and now even bicycles and cars. According to www.des.nh.gov, the average household in the United States has 20-60 batteries at any given time. The […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, CLP, DAE – Senior Vice President Certificates of insurance (COI) are often a source of headaches for insurance agents and producers. Mishandling of certificate requests can lead to an errors and omissions exposure for the agent. Helping clients understand possible problems with certificates of insurance is another […]
By Randy Lioz Shortly after the first Covid vaccines were introduced, a food solutions company in Idaho wrestled with the best course of action for its business and employees. While a vaccination mandate was a non-starter, they strongly encouraged vaccination among their employees, bringting in representatives of the local health department to support the push. […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Power outages can happen at any time, but they are especially dangerous during cold weather. In February of 2021, the entire state of Texas lost power, and some areas were out for an extended period. Home generators can literally be life savers, […]
The hustle and bustle of the holiday season is upon us. Unfortunately, con artists are also out in full force. The Federal Trade Commission (FTC) reports that consumers lost nearly $8.8 billion to scams in 2022. This represented a 30% increase over 2021 (ftc.gov). Some reports have the number as high as $10 billion. Scams […]
While hot tubs, saunas, spas, and whirlpool or jacuzzi baths can be fun and relaxing, there are also hazards. According to the Consumer Product Safety Commission (CPSC), hot tub accidents are the cause of over 300 deaths per year in the United States. More than one fifth of these involve children under the age of […]
by Matthew Lerner Howden Broking Group Ltd. said Wednesday that President Tim Ronda will take over as CEO on Jan. 1, 2024. Mr. Ronda will report to David Howden, CEO of parent company Howden Group Holdings. Rob Bredahl, now CEO of Howden Tiger, will share vice chairman duties with existing vice chair Elliot Richardson, while […]
Properties with shared ownership, such as homeowner and residential and commercial condominium associations, pose special challenges for unit owners and their insurance companies. Damage to property in common areas in such an association may end up being the responsibility of the unit owner. Loss assessment coverage can help in these cases, but it has limitations. […]
Inflation affects all of us, including our insurance. Claim expenses and premiums rise, and costs to repair and replace property and vehicles also increase. Helping clients understand how inflation impacts their insurance, and provide ways to cope with the changes, is another value-added service of the professional insurance agent. The insurance industry is impacted by […]
US private auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 11.0% through Aug. 18, 2023, according to S&P Global Market Intelligence’s RateWatch application. Key highlights from the analysis include: • There is a wide variance in […]
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