A growing headache: covering other insureds

Article Abstract:

Claims managers and insurers are focusing on "additional insureds" under comprehensive general liability (CGL) policies with the risks of litigation and rising costs. Additional insureds have many of the same rights as the named insured or policyholder with a CGL policy, and are added to the policy through an endorsement. They may make claims under a CGL policy, in spite of not negotiating for or obtaining coverage and not paying premiums.

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Banks offer their own opportunities; banks want to make money in insurance, not supplant agents, some find

Article Abstract:

Many property and casualty insurance agents are finding out that the sale of insurance products by banks is benefiting their businesses, instead of adversely affecting them as many agents had feared. One such agent is Jon Rongstad in Waseca, MN, who owns a four-agency network. Banks' insurance activities have helped boost Rongstad's annual premium volume from $400,000 in 1984 to $2.5 million in 1996.

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Reevaluate risks when reengineering

Article Abstract:

Companies should carefully consider the immediate and long-term effects of corporate reengineering. Long-term consultative partnerships with insurers and brokers can provide in-depth surveys of quantifiable and in-direct losses due to downsizing efforts. Common long-term, uninsurable losses include morale problems and changes in vendor relations.

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