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Technology

Smartphone App for Workers’ Compensation

With this blog post we decided to start posting reviews about mobile applications related to insurance industry. Google wants to make our world digital – to have a soft copy of pretty much anything around us (and even inside us too). Insurance industry is barely catching up with the technology. And each small achievement in that area deserves cheers and signifies the progress we all make. Today we will look at a new workers comp. application from the University of Alabama at Birmingham. But there is a catch: the workers’ comp app isn’t really an app — it’s more app-like… Read More »Smartphone App for Workers’ Compensation

Business Insurance Market Update

The hardening insurance marketplace has led to a great deal of success for us in a variety of our niches recently. We continue to develop new products at the same time. Below are several items we wanted to highlight: 1) Apartments / Lessors Risk (Office Exposure – Real estate schedules that generate more than $100,000 in premium in the “better weather” states have been a good fit for us recently. We are interested in the properties that are built after 1980 and located in the western US for the most part. If it is large and we can write casualty… Read More »Business Insurance Market Update

Electronic Proof of Car Insurance

Have you ever got a ticket because you did’t have the proof your current insurance coverage (ID card) with you? Well, good news for residents of 7 U.S. states. As of today – August 6, 2012, 7 states have passed Electronic Proof of Insurance Laws. Alabama Arizona California Colorado Idaho Louisiana Minnesota Mississippi and Maryland have a version of these laws before their state Assemblies. A Great Step Forward for You These laws all make an electronic image of the paper copy of a Proof of Insurance card a legal proof of insurance.  Louisiania’s wording is typical… ” an image of… Read More »Electronic Proof of Car Insurance

Insuring Cloud Computing

While cloud computing may seem vague and confusing, the National Institute of Standards and Technologies recently completed a working definition for the term after years of work and 15 drafts. So what is Cloud Computing? According to the official NIST definition, “cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction”, with the following 5 characteristics: • On-demand self-service • Broad network access • Resource pooling • Rapid… Read More »Insuring Cloud Computing

Accountants Professional Liability Insurance

Paperless Insurance provides comprehensive Accountants Professional Liability (APL) Just complete a short application online at  and receive a formal quote the same or next day. Minimum premium $300/yr. Insurance for small and midsize local and regional firms at competitive premiums and with “A+” rated carriers Standard Coverage: • Extended Reported Period (EPR) includes options for death, disability and/or retirement • Broad Innocent Insured provision • 50% deductible credit for use of mediation or nonbinding arbitration • 10% additional limit for claims expense (up to $100,000 maximum) • State licensing board proceeding expe coverage • Loss of earnings coverage • Subpoena… Read More »Accountants Professional Liability Insurance

Zurich Insurance launches apps for risk managers

Zurich Insurance Co. Ltd. has launched two apps for risk managers, the insurer announced Wednesday at Risk & Insurance Management Society Inc.’s Annual Conference and Exhibition in Philadelphia. The Zurich Risk Room app is a limited version of the larger risk modeling software Zurich offers clients. The app shows scenarios for natural catastrophe and disaster management, supply chain disruption, regulatory imbalances, social value of insurance and economic value of insurance. Each has 10 to 12 preselected risks offering a comparison of different countries’ stability as well as modeling the interconnection among risks. New risks and scenarios will be added as… Read More »Zurich Insurance launches apps for risk managers

Travelers Introduces Express Pay

We are excited to announce the availability of Travelers Express Pay, an additional payment alternative for Business Insurance Direct Bill customers, coming on Monday, April 16th. Travelers Express Pay provides a convenient one-time online payment option for you. A one-time payment can be made by simply providing a policy/account number and zip code through the online tool. The entire transaction can be completed in 4 easy steps! 1. Enter the policy Account Number or Policy Number and the billing address zip code 2. Choose or enter the amount to be paid 3. Enter the insured’s payment information from your checking/savings account 4. Hit the ‘Agree’… Read More »Travelers Introduces Express Pay

Paperless Proof Insurance

Arizona motorists will be able to use their smart phones to prove to a police officer that they have insurance for their vehicles. Gov. Jan Brewer has signed into law a bill to have Arizona join Idaho in permitting motorists to use a wireless communication device to show proof of auto insurance. Arizona was the second state to approve such a bill. Idaho on Wednesday became the first state in the nation to pass an electronic proof of insurance bill. A California legislator’s bill to enable auto insurance policyholders to issue proof of coverage verification via a mobile electronic device, such… Read More »Paperless Proof Insurance

New Enhancements to Real Estate E&O Program

We are proud to announce that we’re now offering an exclusive Real Estate Errors and Omissions Liability protection. Easy Way to Quote and Bind Online We offer an advanced and intuitive online application that allows to facilitate the quotation, binding and policy issuance process for our customers. For qualified applicants, a quote and policy may be processed in minutes. Coverage Features We’re confident that our program will bring you superior underwriting and service. That said, the policy’s coverage will remain packed with coveted features and include 2 free hours of access to a toll-free, confidential risk management hotline and, for qualifying risks, new coverage… Read More »New Enhancements to Real Estate E&O Program

Travelers Business Insurance Price Up 10%

Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8% for the 4th quarter 2011 and 10% for December, said CEO Jay Fishman. Many of our insured have received notices of premium increase, some of the them seen as much as 35% or more. Paperless Insurance Services is dilegently working to ensure our clients receive accurate up-to-date and competitive proposals at each renewal. Our state of the art rating system allows us to approach more carriers at within a shorter time period, hence, our clients receive comprehensive proposals and market analysis with each renewal. Buy business insurance now.