Insurance Advocate
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Posts by Insurance Advocate:
Understanding the Difference Between Surety Bonds and Insurance
by Eric Weisbrot Businesses large and small have two main options for protection – surety bonds and insurance coverage. While some use the terms interchangeably, there are differences between the two that should be understood. Both insurance and surety bonds have unique features that fit specific protection needs, either for the business itself or for […]
Failure to Exceed SIR Releases the Excess Insurers
No Cover Available from Excess and Umbrella Policies Insurers use a self-insured-retention (SIR) to avoid the expense of dealing with small claims and avoid the expense of defending or indemnifying an insured until the SIR or underlying insurance is exhausted. As a result the excess insurer can charge a small premium because its exposure is […]
SmarterSafer Welcomes Short Term Extension of National Flood Insurance Program
Urges Congress to Advance Comprehensive Reforms to Save Taxpayers Billions WASHINGTON, D.C.—SmarterSafer, a national coalition of environmental groups, taxpayer advocates, insurance stakeholders, housing organizations and mitigation advocates, released the following statement in response to Congress enacting a critical short-term extension to the National Flood Insurance Program (NFIP) through November, preventing a lapse during peak hurricane […]
Franklin Mutual Insurance Group to Receive Community Service Award
TRENTON, N.J.—The Professional Insurance Agents of New Jersey will award Franklin Mutual Insurance Group, of Branchville, N.J., with the association’s Community Service award today during the association’s Annual Conference at Harrah’s Resort in Atlantic City. Lisa Glesias will accept the award on behalf of Franklin Mutual Insurance Group. Franklin Mutual Insurance Group is being awarded […]
