April 27, 2015 Cover
April 27
Modern Technology could very well determine the trajectory of your business
The insurance industry in general has often been accused of lagging when it comes to adopting and leveraging the latest technologies, but that doesn’t mean the industry is standing still, particularly insurance carriers. And sometimes, carriers’ use of technology has come at the expense of insurance agents. In recent decades, insurers have used the Internet […]
Newton Award to New York’s Peter C. Browne
In an advance for commercial property insurers, site-specific exposures can now factor into underwriting models. Verisk has developed a new analytic report that provides underwriters the ability to determine the likelihood of fire incidents and a broad spectrum of non-modelled weather events. The Peril and Incident Report is offered as part of Verisk’s newly enhanced […]
Cyber Insecurity
Although insurance industry players – companies and producers – are not exactly modern Luddites opposed to any technology advances, it is no secret that the industry usually lags behind in keeping up with an ever-chang- ing world. In an age where young people in the same room are more comfortable communicating via texting rather than […]
New Seasons, Innovations and the Rules They Provoke
I’ve always seen Spring as the season of rebirth. As I write this article, I’m sit- ting at home: The tulips are about four inches above the ground and I’m watching the same birds come back and attempt to nest in the automatic awning over my deck, where they have been for the last two […]
Long Island RAP 40th Anniversary Celebration
Hundreds of professional, independent insurance agents gathered at Crest Hollow Country Club in Woodbury for the 40th Annual Long Island Regional Awareness Program on April 22. Attendees took the opportunity to honor their col- leagues, network, earn continu- ing-education credits, peruse the latest industry innovations and of course to hear the inspirational words of Dwight […]
SEO as a Part of Your Agency’s Marketing Strategy
Did you ever wonder about making your insurance website more appealing to the three core search engines (Google, Bing and Yahoo)? First I would say forget about Bing and Yahoo. Why? The stats don’t lie – 79% of people use Google. In my opinion, that’s where your focus should be. Have you been scared off […]
Cheaper to Keep Her!
So when you hear this saying, what do you typically think of? Someone who is contemplating a potential divorce? The song made famous by The Blues Brothers ? The movie starring singer turned-actor Mac Davis ? Then what is the first thing that pops into your mind when you hear that saying? What about the […]
Careful with Applications : Broker’s Misrepresentation Without Knowledge of Insured is Sufficient for Rescission
Insurance brokers, who represent the insured to transact insurance with, but not on behalf of, an insurer often will try to make the process easy for the insured by filling out the application before asking the insured to sign it. It is a practice fraught with danger that can cause the insured to have no […]
E&O Considerations for the Automated Agent
Technology is providing agents and brokers (“agents”) today with several tools to increase sales and profitabil- ity, as well as to provide better customer service. Automation is also helping many agencies manage their E&O risks more effectively, because of its capabilities to retain accurate data, foster consistent processes, document transactions and con- versations and generate […]
