Search Results for: blog underwrite underwriting and insurance underwriter who are these people

Some History About Lloyd’s of London

How often have you heard about the Lloyd’s of London insurance someone or something has in place? One of the oldest providers of unique Specialty Lines Insurance coverage Lloyd’s of London began in Edward Lloyd’s Thames-side coffee house in Tower Street in the City of London, England. The exact date of the original establishment isn’t known, but there’s evidence Lloyd’s coffee house was popular with the London business circles as early as 1688. Today, Lloyd’s is the world’s leading insurance market. Not to many people make it very long in life without hearing about this insurance provider.But, Lloyd’s isn’t the … Continue reading →

What Is Specialty Lines Insurance?

Have you ever wondered how someone might insure their home made airplane, or the private island they own someplace not even listed on a map? What about celebrity insurance, and Betty Grables million dollar legs? There are always going to be some people who create, or posses something of unusual value. There will always be a few people so daring that they become an unusual Risk. Not everyone will have legs with a value of a million dollars, but for those who do they will need to find insurance in the “Specialty Lines” market. Specialty lines insurance markets are a … Continue reading →

The Unauthorized Biography of a Gecko or “The History of GEICO Insurance”

Leo and Lillian Goodwin took a calculated risk during the 1930’s Great Depression and started one of the most recognized and well known companies in the United States today. GEICO: Government Employees Insurance COmpany Leo Goodwin, believed lower costs by using direct marketing of carefully targeted consumer groups, would result in lower premiums for customers and company profits as well. Goodwin hit the nail on the head and business increased dramatically during 1936, when the GEICO operational headquarters was established in Washington, D.C. Lillian Goodwin worked in partnership with Leo to build the company from the very start. Lillian took … Continue reading →

Families.com Insurance Reviews Section

Were you aware Families.com has a review section where you can add your own opinions about products, services and different companies including Insurance Company Reviews? Families.com members are always invited to add their own opinions. In the insurance section there are currently the following companies to review: AAA Insurance Aetna Insurance AIG – American International Group Insurance Allstate Insurance American Family Insurance Amica Insurance Company Blue Cross Blue Shield Insurance CIGNA Insurance Farmers Insurance Geico Auto Insurance Hartford Insurance Humana Insurance Liberty Mutual Insurance Metlife Insurance Prudential Insurance Company of America Progressive Insurance Safeco Insurance Travelers Insurance United Healthcare Insurance … Continue reading →

Insurance Blog Week In Review March 13-19, 2007

Insurance Term Of The Week: Underwriter I sure have been finding the Parental Liability Blogs very interesting to write. It seems that we are responsible for a wide range of things our children might do as we raise them. This series has sure made me rethink some of the things I expect from the system. Parenting is a real risk financially and some of the ways we are responsible are interesting. Wednesday, March 14, 2007. Four More Parental Liable Issues Negligent Supervision is a legal theory where a minor child’s parents are held liable for their child’s negligent acts when … Continue reading →

Underwrite, Underwriting and Insurance Underwriter–Who Are These People?

I once told a very wonderful editor that an Insurance Underwriter was just about the same job description as the editor of a bunch of Bloggers. When I first started in the Business of Insurance my best boss ever used to kindly refer to underwriters as “people from a different planet.” Of course, we did our very best to make sure we kept our underwriters happy, because they had an amazing skill of causing extra work when we didn’t do our end of things correctly. An Underwriter is an intermediary between the insurance company who offers to accept the liability … Continue reading →

What is Package Insurance?

Every insurance company offers a verity of products to customers. In the area of property and casualty insurance these products typically include: Primary and secondary or vacation homes. Rental property or investment homes. Autos, and motorcycles. Motor homes. Boats and Yachts Small Business Personal liability and Umbrella Liability coverage. When consumers have multiple properties, autos, recreation vehicles, boats and a need for extended liability coverage many insurance carriers will offer policies that group these different exposures together. A package policy may include several varieties of insurance grouped together and underwritten together. Many companies will offer better and more complete coverage … Continue reading →