E&O Weekly Prevention
  
Strategies for the Professional Agent
February 6, 2014



Agents of America





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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 "Just duplicate what I have - 5 very dangerous words". 

 

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 "The Secret Sauce for Social Media Success - Part 2", this week George interviewsThomas H. Wetzel of Thomas H. Wetzel and Associates, Inc. to discuss Social Media Success. To see this week's presentation click here.

 

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

 

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Angelo J Gioia

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AOA News, Views, Tips & More

How to Avoid Retaliation Claims When Firing

By Marc Zimet, Esq. of Jampol Zimet LLC

 
Retaliation claims were the most frequent claims filed with the Equal Employment Opportunity Commission (EEOC) for 2012. There has been a sharp rise in retaliation claims since the 2006 Supreme Court opinion in Burlington Northern & Santa Fe Railway Company v. White, which lowered the standard for what is considered retaliatory conduct. 
 

By Jessica L. Wuebker, Esq. and Matthew S. Marrone. Esq. of Goldberg Segalla LLP

  

There are plenty of attorneys and other professional who make a living evaluating insurance policies and opining as to coverage. Sometimes, seemingly innocuous clauses or even individual terms may mean the difference between coverage and a considerable out-of-pocket expense. What is a "claim"? Who is an "insured"? What is a "professional"?  
 

IRS Warns of Tax-Time Scams 

By John T. Grebe, CPA, CFP of Grebe & Associates, P.C.

 

As you may be aware, tax scams proliferate during the income tax filing season.  This year's filing season opens on January 31st.  

 

E&O Loss Prevention Tip

Description of Claim:

 

Clearly Define Cancellation Procedures:

 

Allegations against the Agent: A new customer contacted an agent and requested an immediate binder for coverage on a car he was buying. The agent asked the client if he had a valid driver's license. The client said that he did so the agent quoted a six month premium, collected a cash deposit and issued a binder. 

 

Understanding the Complexity of Affordable HealthCare Act

By Aaron Peterson, Editor Agents Advantage

 

The New Year has begun but some things haven't changed/ Employers wrestle daily with business issues and need to make decisions.

 

Why do Healthcare benefits rank as one of the top five concerns of business owners today?

  

Affordable Care Act Has Potential to Limit a Defendants Exposure for Future Medical Costs in New York Personal Injury Litigation

By John D. Morio, Esq. and Joseph A.H. McGovern, Esq. of Wilson Elser Moskowitz Edelman & Dicker LLP

 

Generally overlooked in the national debate surrounding the Patient Protection and Affordable Care Act (ACA) is the effect the new law will have on personal injury litigation. If standard loss-allocation and mitigation rules are followed, the new law should have a significant impact on a personal injury plaintiff's ability to recover the cost of future medical care, thus limiting a defendant's exposure for such damages. Though no definitive judicial rulings have been issued on this topic, the new law has the potential to substantially lower the risk of exposure to defendants and their insurers.

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