E&O Weekly Prevention
  
Strategies for the Professional Agent
January 9, 2014



Agents of America





Follow Us on Linkedin 

  

Upcoming Events


Like us on Facebook         Follow us on Twitter       View our profile on LinkedIn 

 
Learning Center

 
 
AOA Strategic Partners 
_______________________

AOA Preferred Partners
________________________

Grebe & Associates, P.C. 
Huggins Actuarial Services, Inc.
Insurance Tax Service
Mark Hunter
Mercer Systems, Inc.
Pearsall Associates
S&A Event Services
eSolutions Inc.
IEA Training
Insurance Networking News
Swett & Crawford 
 
Printing Tips
________
 
If you would like to print an article from this newsletter follow these steps:
Click the "Read More ..." link of the corresponding article.
That will get you to the article page.
At the end of the article click "print this page" button to print the article.  
Letter From  the Publisher

E&O Tip of the Week

 
Each week AOA thru the Learning Center will be providing E&O tips. These E&O tips will be developed from AOA's extensive library of high level educational material and will be included as part of the webinar / seminar package currently in development, that both agents and carriers will find beneficial in reducing E&O Claims. 
 
Check out this week's E&O TIP on "Signing an Insured's name - a definite no-no!". 

 

A review of the top stories on World Risk & Insurance News at WRIN.tv. Here is your opportunity to see the online video news stories you may have missed. Watch them now "Week in Review".

  

MONDAY MORNING, the weekly "mini-webinar" features industry leaders interviewed by marketing guru George Nordhaus on "Looking Back... Looking Ahead". This week, George interviews Tom McCoy, Editor-in-Chief of Rough Notes  Magazine, looking back over his 44 years with Rough Notes and forward into his impressions about the future of the independent insurance agency. To see this week's presentation click here.

 

AgentsofAmerica.ORG membership is FREE!

  

Also if you have any thoughts, comments or suggestions, please email me at info@agentsofamerica.org. 

 

"Bringing the Best Together"

Angelo J Gioia

Publisher

AOA News, Views, Tips & More

Who in My Agency Needs Insurance Licensing?

By Barbara Donnar, CEO of Supportive Insurance Services

 

Do the people who work in my agency need insurance licensing? That sounds like a simple question, doesn't it? But, when asked this question, Supportive Insurance Services usually answers, "Maybe." To determine where or not someone needs insurance licensing you have to review the functions they are performing.

 

Court Finds that Statute Eliminated the Distinction Between Agents and Brokers

By Donald A. O'Brien, Esq. of Hinshaw & Culbertson LLP

 
Plaintiffs brought an action against an insurance agent and the insurance carrier seeking damages for the agent's negligence in procuring automobile insurance that did not name the insured's girlfriend and her son as insureds. 
 

Insured Cannot Exhaust an Underlying Policy by Paying the Policy Limits Out of Its Own Pocket

By Elizabeth L. Musser, Esq. and Kimberly Sou, Esq. of Tressler LLP

 

The clear and unambiguous language of excess insurance policies required the underlying insurer to pay the full amount of its limits of liability before excess coverage was triggered. The Washington state appellate court therefore affirmed summary judgment dismissal of a lawsuit against two excess carriers. Quellos Group LLC v. Federal Ins. Co., 2013 Wash. App. LEXIS 2626 (Wash. Ct. App. Nov. 12, 2013).

  

Cybercrime Strikes Target Corp

By Seth L. Laver, Esq. Lila M. McKinley, Esq. and Michael P. Luongo, Esq. of Goldberg Segalla LLP

 

Target Corporation, the nation's number two general retailer (after Wal-Mart), was recently the center of a cybercrime attack that may have compromised as many as 40 million credit and debit card accounts. Target revealed that a third-party had breached its security safeguards during the height of the holiday shopping season and gained access to private customer data, including shoppers' names, credit card numbers, expiration dates, and three-digit security codes. This highly publicized debacle highlights the risks of cyber exposure.

 

What's Hot in Worker's Comp

By Marshall Dennehey Warner Coleman & Goggin, P.C.

 

This special report contains the top 10 developments in New Jersey, Delaware & Pennslyvania in 2013.
AOA Advertisers and Sponsors 

Swett Static Ad
ITS Logo
 
Learn.com




This newsletter is produced in conjunction with Agents of America, www.agentsofamerica.org. The contents of which may not be reproduced without the express written permission of Agents of America. Copyright 2013