As a broker, you’re always deepening your knowledge of the field. Here, we help you stay up to speed on industry trends, learn about the nuances of professional liability insurance, and provide expert insights. Read on for more.
When a broker’s client was looking to settle for $1,600,000 after a fire loss, we stepped in immediately. They had only received $22,000 in insurance proceeds. So, the case went to litigation.
After performing a quantum investigation, we found that our broker’s staff had spent several years renewing the client’s policy without conducting proper evaluations.
It was time to start mediation, we joined with our defense counsel and managed to settle the loss for only $160,000.
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