Contractual Liability – A Love/Hate Story

| Business Insurance, Flood Insurance, General Liability Insurance, Insurance education, Risk Management.

If, in the course of business operations, you have signed a lease or subcontract agreement, then contractual liability is a part of your life, whether you realize it or not. Contractual liability, simply put, is the obligations or liability you assume by agreeing to the terms of a contract. To illustrate, let’s look at very… Read more »

Is Bigger Better?

| Auto insurance, Business Insurance, Homeowners Insurance, Insurance education.

You might be surprised to know that world’s largest insurer is headquartered in… Japan.    In 2009, Japan Post Insurance Co Ltd was easily the world’s largest insurer with total assets of $1,095,621,460,000 – just over $1 trillion!   The list trickles down from there with Axa in the #2 spot and AIG (who had occupied the #1 spot for many… Read more »

Grading Insurance Companies

| Auto insurance, Business Insurance, Homeowners Insurance, Insurance education.

Did you realize that virtually every insurance company is given a yearly grade?  This grade or “rating” is an indicator of the overall financial health of the insurer. There are several organizations tasked with monitoring the financial condition of insurance companies: Standard & Poors, Weiss, Demotech and Moodys. The most widely cited and recognized authority… Read more »