Question: “A long-term carrier partner has recently requested a mutual termination since we entered into an agreement with another carrier to complete a book roll. We agreed in response to…
Question: When an insurance company refuses to write homeowners or other property insurance in coastal areas, doesn’t that violate the laws against redlining? Answer: Probably not. It is true that…
UPDATE: Effective March 26, 2025, the requirement to automatically include Supplemental Spousal Liability Coverage on an Automobile Liability Insurance policy no longer applies to Commercial Auto Insurance policies. Question: “How…
Question: “Would you happen to know the number of days a carrier must give if they conditionally renew a commercial umbrella policy? An admitted carrier issued one for an insured…
Question: “One of our personal lines carriers is terminating our contract due to low premium volume. Is the carrier required to do anything regarding the policies we have left with…
Friday the 13th is traditionally seen by some better safe than sorry superstitious individuals as a day when one must take care to avoid catastrophe terminal embarrassment certain doom being unlucky. We here at Big I…
Question: “A 2021-2022 Business Owners Policy issued by an admitted carrier in New York State was audited and produced an extremely large additional premium due to audited domestic and international…
Question: “We received a 220 letter via email on October 26, 2022, for a January 1, 2023, renewal. When we receive these, we automatically insert them into our management system…
We get frequent questions (that is, six or more in the last two weeks) about cancellation, non-renewal, and conditional renewal letters from insurers. A lot of members refer to these…
Question: “We have an insured with a tenant property. The tenant was evicted and caused damage to the home before leaving. Some of the damage came from their animals left…