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Are you or is someone on your team new to insurance? Send ‘em over to the AgentSync blog, where we’re serving up mad info on who what and why in insurance. Get started with a primer on who regulates insurance: https://hubs.li/Q02jpptt0 #insurance101 #insuranceregulation

Understanding the risks of professional services is crucial. Our new blog covers how E&O Insurance acts as a key safety net, protecting businesses from the unexpected: • The vital role and benefits of E&O insurance • Real-life scenarios in E&O insurance is a game-changer • Tailoring coverage for specific business needs Read more about how we're empowering our brokers in our latest blog, and contact us at team@anzen.com if you'd like to partner with Anzen today. #professionalliability #riskmanagement #businessprotection #executiverisk

Discover innovative solutions for insuring risks that were previously difficult to cover and see how on-demand insurance models are transforming the insurance industry. This article provides valuable insights into how on-demand insurance can offer more flexible, accessible coverage options and better serve diverse client needs. #MEAA4U

Explore how on-demand insurance models are bridging the coverage gap for the uninsurable in this intriguing article from InsuredMine. Learn how innovative approaches are reshaping the insurance landscape to provide coverage to those previously deemed uninsurable. #MEAA4U

AKUR8 and Georgia Farm Bureau Insurance Company join forces for cutting-edge insurance pricing solutions Akur8 and Georgia Farm Bureau Mutual Insurance Company have embarked on a strategic partnership, marking a significant leap forward in the insurance pricing sector. Read the story here: https://lnkd.in/dtin7HHN #FinTech #InsurTech #Insurance

How much do you know about insurance policies designed for #MSP businesses? Check out this latest article on #ChannelInsider and get to know the different types of insurances policies, what's covered in each one, and which may be the best fit for your managed services business! #ITchannel

A notable shout-out to independent agents from Pat Ryan in the lead-off commentary in Last 100 Years of Insurance in below from Insurance Journal. I remember what he's talking in 80-90s, via a GEICO TV commercial where the agent was portrayed as a desk and dumped off a truck on side of a road somewhere. Today? Emphasizing last sentence below: In my opinion, the US agent and broker is the most valuable asset in the insurance industry. Patrick Ryan Ryan Specialty Founder, Chairman & CEO “In thinking about the insurance industry and what’s occurred over the past 100 years, the biggest change in my opinion has been in the attitude shift towards the intermediary. In the 1980s and 1990s, conventional wisdom was that the insurance agent and broker was going to be a disintermediated, that with technology innovation, carriers were going to go direct to insureds bypassing the agent and broker. There was a lack of investment in insurance brokerages during this time. All of this flipped with the .com bust in 2000. Technology was not the answer, but the value add that an agent and broker brings to a client with their advice and advocacy was really important. With this shift and realization, the advent of the global broker came to be. In the 1980s and 1990s, there were really only two large brokers and no real global broker. Since 2000, there are now numerous global brokers, and investment money is flowing into this sector. This attitude shift is what I believe has been the major change in the industry over the past 100 years. In my opinion, the US agent and broker is the most valuable asset in the insurance industry.”

Insider's Guide: Decoding the Insurance Industry for Attorneys Embark on a transformative journey into the intricate world of insurance with our upcoming presentation, tailored exclusively for attorneys seeking a deeper understanding of Insurance Broker E&O cases. Picture this: a unique opportunity to collaborate with senior partners on such cases, yet you realize the knowledge gap in navigating the complex landscape of the insurance industry. In just over 60 minutes, Frederick J . Fisher, J.D., CCP, will unravel the mysteries surrounding the differences between "agent" and "broker," shedding light on the various intermediaries like Program Administrators, MGA’s, MGU’s, and wholesale brokers. He'll explore how these entities often operate within regulatory frameworks set by the National Association of Insurance Commissioners (NAIC), offering crucial insights into their roles and responsibilities. Delve into the nuances of reporting structures, where attorneys may find themselves reporting to Monitoring Counsel, Claims Examiners, or claims personnel from Third-Party Claim Administrators. Ever wondered about the significance of defense costs inside or outside policy limits? We'll address this question and more, providing valuable insights into utilizing state databases for license reviews and exploring filings by admitted insurers regarding rates, forms, and rules. Uncover the intricacies of allegations related to endorsements and unfiled documents, saving you years of piecemeal learning. This presentation is your shortcut to a comprehensive understanding of the insurance industry, ensuring you navigate the complexities with confidence and expertise. Don't miss out on this opportunity to elevate your knowledge and skills in the realm of Insurance Broker E&O cases.

Check out this video as a good friend of mine talks about how small business owners can find the best insurance carrier coverage options on Insureon’s platform! (I also used to work for Insureon so putting in a plug for a favorite previous employer. 😊) Maura Benson

Yes- indeed! The PDLF will be sponsoring Insurnace 101 for Attorneys- not so much on legal issues, but how the industry functions on a day to day basis. If you are defending an Insurance Producer E&O matter- how can you do that if you don't know the difference between an admitted vs non-admitted Insurance Company? As the Association Director has written internally: "What a tremendous opportunity to work with the senior partner on an Insurance Broker E&O case. Yet, you now find how little about the insurance industry you know. You may learn a little here, a little there on each case you handle and ultimately, after several years, you actually have a good understanding of how the insurance industry works. Of course, this assumes you have not been fed some misinformation.   "If you don't know the difference between an admitted and non-admitted insurance company, or the different product distribution models that exist, how can you do a proper work-up?   "In a little over 60 minutes, you'll learn the differences between "agent", "broker", as well as the various different types of intermediaries that exist. These include : Program Administrators (who may deal direct with the consumer or accept business from their Brokers), MGA’s, MGU’s and wholesale brokers. You may even be surprised to learn it is possible for an organization to be all three. Many of these entities are also subject to regulatory rules  as adopted by the States as suggested by the National Association of Insurance Commissioners (NAIC).   "You might also be surprised to learn you might have to report to another attorney, Monitoring Counsel who represent the Insurer, or a Claims Examiner for an insurance company, or even a claims person for Third-Party Claim Administrator (TPA). What are the differences you might ask? We will provide those answers for you together with other business models that exist and their pros and cons.   "The dangers of defense costs being inside or outside the limits are briefly noted, together with how to utilize various state databases to review licenses, or even filings by admitted insurers as to their rates, forms, and rules. These can be very important searches, as you might learn someone might not be properly licensed. Equally important is an allegation that the “Producer” didn’t procure an important endorsement. Yet, an insurance company that is admitted in your State, assuming you know what that means, did not file an endorsement that the opposition claims should have been obtained."