Tag Archives: Insurance agency

Insurance Agency E&O: Discussing Coverage Gaps with Insureds

Insurance Agency E&O Discussing Coverage Gaps with InsuredsA recent case in Ontario, Canada highlights the importance of an insurance agent/broker’s responsibility to review coverage gaps with clients. In the Ontario case, a motion was allowed for summary judgment against an insurance brokerage and the individual broker for failing to meet their duty of care to arrange adequate insurance coverage.

The specifics of this case involve a client who was in a motor vehicle accident while operating his …

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UPDATE: As Insurance M&As Rise, Be Sure E&O Coverage Is in Order

Managing Your Insurance Agency E&O Coverage During an M&AManaging Your Insurance Agency E&O Coverage During an M&A

A 2014 report by Deloitte earlier this year indicates that the momentum for mergers and acquisitions is building in the insurance industry on a year-to-year basis with a 30% increase measured by deal volume, particularly in the brokerage and the property/casualty industry. In an interview with World Risk and News TV, Boris Lukan, principal in Deloitte’s U.S. Property & Casualty Insurance …

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Inside E&O Coverage When Buying or Selling An Insurance Agency

Inside-EO-Coverage-When-Buying-or-Selling-An-Insurance-Agency-300x188Reviewing Errors & Omissions Insurance Critical During M&A Process

In the last several years, we have seen a significant amount of activity in insurance agency mergers and acquisitions (M&As). In fact, 2012 was a banner year for M&As with about 325 deals made with the majority of buyers independent agents. Deals were made across the country, particularly in heavily populated regions, such as California, Florida, New York, Texas, Illinois, New …

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Insurance Agency E&O: The Importance of Reviewing Pollution Liability Exposures

Insurance Agency E&O The Importance of Reviewing Pollution Liability ExposuresEnvironmental Risks for Real Estate & Construction Industries Require Securing Specialized Coverages for Clients

Companies and organizations across all industry sectors are taking initiatives to green their properties and operations. It makes good business sense as increasingly more consumers are looking at a corporation’s sustainability practices and carbon footprint when making purchasing decisions. It also makes good economic sense as there are gains to be realized with an energy-efficient building …

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