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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.
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