This was the last meeting of the 1752 New England Club before summer; It will reconvene in September In what has become an unofficial tradition of the NE 1752 Club, the Property Casualty Insurance Association of America’s (PCI) Vice President of State Government Relations, Frank O’Brien came by to brief members. His talk was titled, “What’s Up […]
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A Checklist For Letters Of Intent In Agency Purchase And Sales
May 10, 2015 – A checklist that tackles traps for the unwary when it comes to letters of intent.
Court Orders $3.5 Million Restitution From Producer And Agency For Fees Exceeding 20% Of Premiums
A long running legal dispute over what fees, if any, a producer could charge and what disclosure, if any, the producer and his agency had to make to insureds has drawn a close after over five years of litigation. A Superior Court Judge specially assigned to hear a case for restitution brought by the Attorney […]
Insurance Producer’s License Suspended For Lack of Continuing Education
January 25, 2015 – While no fine allowed in this case but the commissioner can now fine for continuing education violations.
Watch Out For Independent Contractor Exclusions In Commercial Liability Policies
Commercial general liability (CGL) policies that contain an exclusion for acts or omissions of independent contractors can cause commercial insureds coverage problems.