Vesting Plans and Producer Book Ownership August 5, 2019 By Chris Burand Somehow, someway, many agency owners do not seem to know that the law regarding vesting plans relative to producer book...
How ‘You Have a Duty to Read Your Policy’ Language Can Wreck a Life July 1, 2019 By Chris Burand I have seen and heard seemingly an infinite number of agents, agents’ associations, and errors and omissions (E&O) attorneys advise...
Why Agency Perpetuation Does Not Usually Work June 3, 2019 By Chris Burand Most agencies are not run as businesses. Most are run as a lifestyle. Lifestyles are personal, so perpetuation is not...
The Need for Agents (to Do Their Jobs) May 6, 2019 By Chris Burand I received a nice notice from my commercial GL carrier advising the coverages at renewal would materially change. Admitted carriers...
Reading Forms: Is It Really Necessary? April 24, 2019 By Chris Burand We are grateful for friend of the Academy, Chris Burand, President of Burand & Associates, LLC for this timely article....
The Lowdown: The Silent Battle Between Agencies and Companies April 23, 2019 By Chris Burand P&C insurance companies are scared. Not all are scared, of course. Some are big enough, some are smart enough, and...
How Errors & Omissions Lawsuits May Change April 1, 2019 By Chris Burand Artificial Intelligence and Private Equity Investments Will Play an Increasing Role Plaintiff attorneys, at least the smart ones, must make...
The Power of Trust and the Value of an E&O Audit March 4, 2019 By Chris Burand I have been completing E&O audits for almost 25 years now. My first experience was one of the oddest because...
A Regulatory Sandbox for Insurtechs? February 4, 2019 By Chris Burand A Regulatory Sandbox is the title given to the concept that regular regulations should not apply to insurtech companies. The...
How Property/Casualty Insurance Is Becoming Less Valuable January 7, 2019 By Chris Burand I wrote about this some months ago and received many interesting comments. I decided to follow up on the same...