Insurance Blog Information on Tatal Insurance and Insurance News
Should Lawyers Buy Malpractice Insurance?
(July 3rd , 2007 by palado)
As insurance agents we are all required carry insurance agents E&O (professional liability insurance) by industry practice. Should those attorneys who choose not to carry attorneys’ malpractice (E&O or professional liability) insurance have to disclose this to their clients?
This question is the subject of intense debate right now in California. The State Bar of California has proposed a rule that would require attorneys to disclose to their ..[]
Read more >>
Federal Surplus Lines Bill
(July 6rd , 2007 by palado)
The new surplus lines bill, which was just passed in the US House, provides for simplified and consistent surplus lines placements for insurance agents around the country (see here & here). A companion Senate bill has been introduced and is awaiting action. A similar house version was passed last year 417-0.The bill works by defining national ..[]
Read more >>
Hurricane Regulation
(July 6rd , 2007 by palado)
The success or failure of the regulatory approaches utilized in Florida and Louisiana to ease the insurance crisis is critically important to the insurance industry, particularly insurance agents who bear the brunt of communicating the resulting market conditions to clients. We have followed the ..[]
Read more >>
Duty to Notify Insurer of Changes
(July 6rd , 2007 by palado)
Insurance agents may wonder whether an insured has a duty to notify an insurer of material changes in exposure other than through the normal application process. According to a recent appeals court decision (see here & here) an insured does not.The case involved a commercial
...[]
Read more >>
No comments:
Post a Comment