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New Insights Article: Insurance Agent E&O Claims Prevention and Defense—The Road Ahead

Friday, June 23, 2017 - 10:37
by Timothy G. Ventura and David W. Henry

The rule that an insurance agent or broker has a duty to exercise reasonable care is the traditional standard, but a greater standard is more frequently applied—if not expressly, then implicitly—in the evolving case law. For years, courts relied on the principle that if a broker fails to exercise reasonable care, and if such insufficient care is the direct cause of loss to a customer, then the broker is liable for such loss. In other words, the agent has a duty to use the degree of care expected of a reasonably competent agent under the same or similar circumstances.

ISO Reacts to home sharing and drones

Friday, April 28, 2017 - 18:07
by Dan Corbin, CPCU, CIC, LUTC

New Insights Article! How Brokers and Agents Can Protect Themselves From Professional Liability

Thursday, December 1, 2016 - 14:26
by Gene Killian, JD

The 19th century American author Ambrose Bierce once defined “litigation” as “a machine which you go into as a pig and come out of as a sausage.”

New Insights Article: Insurance Agent E&O Claims Prevention and Defense—The Road Ahead

Friday, June 23, 2017 - 10:37
by Timothy G. Ventura and David W. Henry

The rule that an insurance agent or broker has a duty to exercise reasonable care is the traditional standard, but a greater standard is more frequently applied—if not expressly, then implicitly—in the evolving case law. For years, courts relied on the principle that if a broker fails to exercise reasonable care, and if such insufficient care is the direct cause of loss to a customer, then the broker is liable for such loss. In other words, the agent has a duty to use the degree of care expected of a reasonably competent agent under the same or similar circumstances.

ISO Reacts to home sharing and drones

Friday, April 28, 2017 - 18:07
by Dan Corbin, CPCU, CIC, LUTC

New Insights Article! How Brokers and Agents Can Protect Themselves From Professional Liability

Thursday, December 1, 2016 - 14:26
by Gene Killian, JD

The 19th century American author Ambrose Bierce once defined “litigation” as “a machine which you go into as a pig and come out of as a sausage.”