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My Friends’ Weather with Travelers Insurance Company

The Weather Channel and Travelers announced that they are partnering to launch “My Friends’ Weather,” the first Facebook Open Graph application on weather.com. The new tool will allow users to see whom among their friends and family may be affected by breaking weather news. Through Breaking Now weather alerts on weather.com, users can find out when major events happen – such as threatening tropical storms, disastrous tornado touchdowns and other news – and then be the first to share that information seamlessly via Facebook, directly to the people who may be impacted. At the same time, through the partnership with… Read More »My Friends’ Weather with Travelers Insurance Company

New Commercial Auto product has officially launched!

Hurry up and quote today! Lowered the threshold for schedule rating to one vehicle! Automatic reporting proof of coverage to the CA DMV! Introduction of 10% account credit when auto is written with a Spectrum policy! Multi-State risks w/ CA exposure can now be written in Sentinel! The iPhone mobile app is here! Get ID cards, report a claim, upload accident photos… Everything right at your fingertips! So….What are some of our target classes??? Retailers – including auto parts and supplies, bakery store, book store, wine store, vitamin store Wholesalers – including beauty supplies distributor, clothing distributor, drapery distributor, hardware distributor… Read More »New Commercial Auto product has officially launched!

Injury Prevention Rank

On a set of 10 steps states can take to prevent injuries , 24 states scored a five or lower. Two states, California and New York, received the highest score of nine out of a possible 10, while two states scored the lowest, Montana and Ohio, with two out of 10. Read More »Injury Prevention Rank

Boat Propulsion Systems Coverage

Progressive Insurance has introduced a new coverage for boaters that offers more complete protection of their propulsion systems. The coverage is called Propulsion Plus, and it pays to repair or replace the lower unit of an outboard motor, or the outdrive of a stern drive motor, in the event of mechanical breakdown. The coverage is available for boats up to 10-years-old, and can be kept until the boat turns 21-years-old. “Propulsion Plus was created in response to customers asking for expanded coverage for their propulsion units. Both customer surveys as well as our internal data showed that these types of… Read More »Boat Propulsion Systems Coverage

Florida Revises Workers’ Comp Certificates, Excess Profits, Premium Audit Laws

Florida’s governor has signed workers’ compensation legislation streamlining the workers’ compensation certificate process, eliminating mandatory premium audits, and discontinuing refunds for insurers with excess profits. Gov. Rick Scott signed into law HB 941, sponsored by Rep. Doug Holder, which made a number of noncontroversial changes including making the certificate of exemption process easier and clarifying the definition of a corporate officer. For the first time, business owners and officers will be able to file for an exemption electronically. The new law clarifies that “corporate officers” include members of limited liability companies that own at least a 10 percent stake in… Read More »Florida Revises Workers’ Comp Certificates, Excess Profits, Premium Audit Laws

Social Media Guide for Insurance Professional

Bail bondsmen, insurance agencies, insurance companies and even the National Association of Insurance Commissioners have found Facebook to be a great resource for marketing products, posting articles and spreading their messages. These entities also use social media such as LinkedIn, Twitter, or Google+ as inexpensive and quick ways to reach current and potential customers. Needless to say, using social media is a widespread business practice and certainly has its advantages. However, it is not without risk. Ron Panko’s article “Avoiding Social Media Traps,” in the January 2012 issue of Best’s Review, provides excellent tips to help bail bondsmen, agents and insurance… Read More »Social Media Guide for Insurance Professional

Distracted Driving

Using a cell phone while driving is not the only distraction leading to automobile crashes today, says a group of insurance carriers. While the U.S. National Transportation Safety Board’s (NTSB) call for a national ban on cell phone use while driving brings needed attention to the issue, the discussion should focus on how to reduce all forms of distracted driving, according to the Property Casualty Insurers Association of America (PCI). “Cell phone usage is only one of many bad habits that are distracting American drivers,” said Robert Passmore, senior director of personal lines for PCI . “Distracted driving is a… Read More »Distracted Driving

New Underwriting Requirements for Technology Errors and Omissions Insurance Coverage through Travelers Insurance Company

Select Accounts and Global Technology have a close working relationship to provide competitive products and services for Select’s technology customers. With Select’s Master PacSM product and coverage offerings combined with Global Technology’s CyberFirst® E&O Liability product, coverage may be specifically tailored for today’s high tech companies. Select Accounts recently reviewed Master Pac business with an associated Technology CyberFirst E&O policy to determine the proper eligibility to maximize Select Accounts Technology E&O writings. As a result of the review, it has been determined that the best opportunity to write CyberFirst E&O coverage for Select business is when the account has at… Read More »New Underwriting Requirements for Technology Errors and Omissions Insurance Coverage through Travelers Insurance Company

Four Facts About Speeding

Exceeding posted speed limits accounts for nearly one-third of all fatal car crashes. Next time you are rushing to get somewhere and find yourself speeding, consider the following facts from the National Highway Traffic Safety Administration (NHTSA): Don’t Let Low Traffic Fool You: Speeding-related fatalities are twice as likely to happen in rural areas as they are on urban streets. In fact, only 12 percent of speeding-related fatalities occur on Interstate highways. Ten Miles Per Hour Makes a Difference: The probability of death or a debilitating injury doubles for every additional 10 mph when a vehicle is traveling 50 mph… Read More »Four Facts About Speeding