by Kathleen Davis, CPCU, CIC, ARM, API | Oct 21, 2014 | Industry News, Marketing, Sales
I know you’re all sitting up late at night wondering how to explain the Risk Based Capital (RBC) score to your customers, so here we go! RBC is a score used by state regulators to determine if an insurance company has enough capital to support the policies it has...
by Kathleen Davis, CPCU, CIC, ARM, API | Feb 21, 2014 | Underwriting
I love esoteric endorsements, especially ones that are badly named, and this one’s a doozy. Not only do most people not know there’s a coverage gap that this endorsement is designed to fix, if they do know about it, they fall for the name. Everyone knows that theft...
by Kathleen Davis, CPCU, CIC, ARM, API | Jan 9, 2014 | Underwriting
Sometime when you’re “getting around” you’re also getting in other people’s way! Let’s look at how the 1991 HO3 protects Insureds who injure someone or damage property while getting around. Insureds First, who gets this coverage? With respect to vehicles covered...
by Kathleen Davis, CPCU, CIC, ARM, API | Oct 24, 2013 | Articles, Underwriting
Can you hear the Beach Boys’ music? Depending on your age, maybe not! There are a lot of ways for your clients to “get around,” and if they have homeowners and auto policies, then I’ll bet they’re assuming they’re covered by one policy or the other. Let’s take a...
by Kathleen Davis, CPCU, CIC, ARM, API | Sep 4, 2013 | Compliance, Industry News, Underwriting
Well you don’t, but the Feds do. Before I get into that, can I just say that I think there’s a competition between the government and the insurance business to see who can come up with more acronyms. So far, I think it’s a push. The Office of Foreign Assets Control...
