Insurance Business

Latest Comments

• PatM 6/15/2018 12:30:45 PM For 20+ years I worked for a major insurance carrier. When I did employee meetings and we were discussing Life Insurance, I always made a point to emphasize that employees needed to check their beneficiaries on a regular basis. Due to the fact they probably "did not want benefit to go to someone they didn't like anymore."

• A real producer! 6/14/2018 2:28:26 PM I placed business in the past with NSM in a hard-to-place niche they had, have nothing but good recollections about NSM. However, to call this fellow a "top producer" is a big stretch. His comments affirm that he acts as a wholesaler, and places business for retail agents! That my friend is not a "producer of new business" as I have known it for 30 years. He receives his submissions and business from the real producers of our business, the local retail agent.

• MDB 6/14/2018 2:16:48 PM How is a hotel shooter liability not already covered under CGL? If I'm injured in the hotel from a light fixture falling on me or a shooter, are they not both under CGL? Unless specifically excluded I'd say yes. I'm not a P&C person but it seems that hawking specific shooter coverage is an up-sell from carriers. Maybe there is some additional layer that comes along with it but the base question remains of is is not already under CGL?

• Patrick Tv-ready 6/14/2018 9:40:50 AM I have worked for direct start-up competitors and agencies alike, Lemonade is a force to be dealt with. Now that force likely will meet the unmovable object known as the Dept. of Insurance. Love everything about Lemonade and how they are making headway in a stagnant technological industry. But those who oppose change are going to cost them $ in every way possible till the embrace is changed. The whole Insurance industry as a whole, including the old boys Network, should have the fear in the back of their mind that they are becoming "Blockbuster" in a world geared for Netflix. Do not become dinosaurs.....

• BayArea 6/13/2018 6:43:04 PM I don't see it happening, reading the policies is not something that policyholders do prior or just after purchasing a policy, so it's not a deal breaker. What more important is how they make out after a claim and how well the agent does making sure that additional endorsements have been addressed. Lemonade Insurance and it's founders are legends only in their own mind, there is just so much foolish arrogance here.