Congratulations are again in order for the University of Georgia’s Risk Management and Insurance program. It has been ranked as the number 1 such program in the country by U.S. News and World Report. That was the case in 2015 when I last did a post on this subject and according to the college’s […]
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What Law Governs Restrictive Covenants?
Since last week’s post dealt with the above question regarding the sharing of commissions, I thought it would be a good idea to address that question with respect to restrictive covenants. With many insurance agencies now conducting business in more than one state, how to protect an agency’s customers in other states from the solicitation […]
Read more...What Law Governs Sharing of Commissions?
I received a call on the Free Legal Service Program I operate for members of the Independent Insurance Agents of Georgia that raised the above question. It was one I had never considered before. Most of the questions I receive from agents using that program revolve around ways to compensate people who do not have […]
Read more...Does Agent Have Duty to Notify Insured of New Coverages?
Before addressing the above question, I have to acknowledge that I have already failed in my New Year’s resolution to make a post to this blog at least once a week in 2019. That is the fastest I have ever failed to live up to such a resolution and will give me pause before making […]
Read more...End Of The Year Thoughts and Wishes
As I suggested my readers do in my last post, I have been giving some thought to my performance this year, especially with respect to this blog. It has been a very busy year for me and that, as well as my natural inertia, has contributed to a significant drop off in the number of […]
Read more...Is Your Agency’s Culture What You Want It To Be?
Every agency has a culture, a way of doing business and interacting with its customers, whether intended or not. As the end of the year approaches and planning for the new year is underway, it’s a good time for an agency’s owners to think about their agency’s culture and decide if it’s what they want […]
Read more...Do I Have to Give My Employees Time Off to Vote?
Due to my travel schedule and client demands, I have not kept up with my goal of making a post to this blog at least once a week. Beginning today, I hope to get back on that schedule. In light of the intense interest in this year’s elections, I thought it would be a good […]
Read more...Surplus Lines Policies – Are You Doing Your Due Diligence?
I received an e-mail recently from a client complaining about the forms he was being asked to complete by brokers through whom he had placed surplus lines policies. Those forms asked him to name the admitted insurance companies from whom he had tried to obtain the insurance coverage sought before obtaining the surplus lines policy […]
Read more...Federal Tax Reform – Traps for the Unwary
Last week, I listened to a webinar about the effect of the 2017 tax reform legislation on independent insurance agents. It was put on by the Independent Insurance Agents and Brokers of America and contained a lot of useful information (click here to see the slides from the webinar). The focus of the webinar […]
Read more...Notes from Nashville – Millennials
Last week’s post was about the presentations of two of the well known speakers at my client’s conference event in Nashville. They were good, but the one I found to be the most interesting was given by a person I had not heard of before. Antonio Canas is the founder of “Insurance Nerds“, which is […]
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