This is the third in a three part series on a legal case with HMRC taken up against two major comparison sites and aggregators: Autotrader and Insurancewide.
This personal transcript is taken from an Insider (General Manager) at Insurancewide,Keith Sholl
So we move forward into 2010 and the Court of Appeal held in March. Due to the circumstances that prevailed Insurancewide had no legal representation at the hearing and, unfortunately, neither was I able to attend court and, therefore, I am unable to provide testimony as to the drama that may have been enacted during the course of those proceedings. Read the rest of this entry »
AM Best has released the 2009 review of the excess & surplus lines (E&S) insurance market, called 2009 Special Report, U.S. Surplus Lines – Market Review. The annual review is conducted by AM Best from a grant provided by the Derek Hughes/NAPSLO Educational Foundation and has been produced annually for a number of years. The review notes:
- Market competition has driven both premiums and profitability down
- Surplus lines premium totaled $34.4 billion in 2008, while the entire property/casualty insurance industry premium totaled $493 billion
- Read the rest of this entry »
Insurance Agents E&O Claim Trigger We came across an article on insurance agents E&O (errors & omissions, or professional liability) with some misleading information.
The article, which unfortunately is not available on the web, states that receipt of a subpoena is a claim under an insurance agents E&O policy, and therefore should be reported to your E&O insurer. Unfortunately, the article is misleading.
The receipt of a subpoena by itself does not constitute a claim under most insurance agents E&O policies. However, you probably should report it under your E&O policy in an abundance of caution, and to have the benefit of expert advice before complying. Read the rest of this entry »
This is the third in a three part series on a legal case with HMRC taken up against two major comparison sites and aggregators: Autotrader and Insurancewide. 
