Rough Notes

OUTWORKING EVERYBODY ELSE

Texas-based young pro shows that second-generation leaders are more than the owners’ offspring By Christopher W. Cook In the insurance industry, certain dedicated young professionals stand out among their peers and are members of an elite squad of in...

Posted: Jan 31, 2024

Congratulations

Snellings Walters Insurance Agency By Dave Willis, CPIA The votes are in. Past cover agents and brokers have spoken. And we have a winner. Selected from the cast of amazing candidates, the 2023 Rough Notes Agency of the Year is Snellings Walters Insu...

Posted: Jan 31, 2024

AGENCY TECH IN 2024: AN AGENT’s ROADMAP TO SUCCESS

Achieve greater operational efficiency and build stronger customer relationships By Jason Keck Insurtech spending in the U.K. and the U.S. is expected to increase by over 25% between 2022 and 2026, according to an Insider Intelligence article. And as...

Posted: Jan 31, 2024

The power of customer reviews

Insider tips and tricks for asking clients to share their agency experience By Samanta Ulita Research reveals that 95% of your customers will read online reviews before buying a product or service—maybe yours—and that 49% trust those reviews as much...

Posted: Jan 31, 2024

TOMORROW STARTS TODAY

Crafting a perpetuation plan for your agency By Carey Wallace As an independent insurance agency owner, planning for the future of your agency’s ongoing operation is a responsibility that is critically important to your family, staff, and customers....

Posted: Jan 31, 2024

AGENT AND BROKER E&O INSURANCE

 A hard market brings new challenges By Joseph S. Harrington, CPCU No news is good news, in some circumstances. When assessing today’s market for insurance agent and broker errors and omissions (E&O) insurance, what stands out is what’s not there...

Posted: Jan 31, 2024

THE TOP 5 RISKS OF USING ChatGPT TO WRITE AN ARTICLE ABOUT INSURANCE

 Read AI’s take on the risks of using AI to create something for you to read Simply relying on technology to do the work in totality is tempting—very tempting. That extends beyond the art of writing to mundane tasks in humanity’s daily life. By Micha...

Posted: Jan 25, 2024

BE READY TO DO THE TEXAS THREE-STEP

 Texas Supreme Court ruling is likely to have a big impact on additional insured disputes The dispute involved two excess policies purchased by the contractor, one of which was provided by the carrier which underwrote the primary CGL. By Joseph S. Ha...

Posted: Jan 18, 2024

Statute of limitations debated

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS On July 12, 2018, Sunbelt Shavings, LLC, contacted KC Welding, LLC, and requested that someone repair a metal storage bin, the door of which had become stuck. A...

Posted: Dec 29, 2023

Embezzlement doesn’t pay

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Elaine Estrada worked for the city of La Habra Heights as an accountant and payroll administrator from November 7, 2005, to August 24, 2012. Through her employm...

Posted: Dec 29, 2023

Sprinkler squabble

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Sprinkler squabble Sathiyaselvam Thangavel and Sasikala Muthusamy were tenants who leased an apartment from Seaford Apartment Ventures, LLC. The complaint filed...

Posted: Dec 29, 2023

REGULATING THE RELATIONSHIP BETWEEN INSURER AND INSURED

Senate committee’s attention settles on property insurance There are limits to the authority that Congress lent to the states. – By Kevin P. Hennosy Senator Sherrod Brown (D-Ohio), as chairman of the banking committee, is stepping into the shoe...

Posted: Dec 29, 2023

BEING A STUDENT OF EVERYTHING

Studying, learning and asking questions develop skills that make work easier and more accurate [Natural curiosity is] important because the types of customers that an agent may have the opportunity to serve are unimaginably diverse. By Paul Martin, C...

Posted: Dec 29, 2023

REPLACEMENT COST OPTIONS IN PERSONAL LINES

“Real world” reality check can benefit newly licensed producers While adding enhanced replacement cost coverage will help new agents and their clients sleep better at night, another potential issue may be lurking in the form of detached other structu...

Posted: Dec 29, 2023

COLLABORATIVE GOAL SETTING

Meshing employee/organization goals drives staff engagement Effective goal setting in the workplace isn’t just about setting objectives; it’s about a comprehensive approach that involves employees, aligns with business priorities, and adapts to chang...

Posted: Dec 29, 2023

REVOLUTIONIZING WORKPLACE SAFETY: A JOURNEY THROUGH TIME AND TECHNOLOGY

From paper files and landline phones to the forefront of safety innovations  As we continue to embrace technology and innovation, we must also remain committed to our ultimate goal: sending workers home to their families healthy and safe, every singl...

Posted: Dec 29, 2023

OLD SCHOOL, NEW AGE—THE EIGHT HABITS OF HIGHLY EFFECTIVE ACCOUNT MANAGERS

Looking back to embrace the future There is truly a need for greatness to meet current and future challenges in our industry and beyond. Where do you stand in your journey? – By Cheryl Koch, CPCU, ARM, AAI, ACSR, AFIS, and Mary Belka, CPCU, ARM...

Posted: Dec 29, 2023

TO SPECIALIZE OR NOT TO SPECIALIZE—WHAT IS A PRODUCER TO DO?

While once an option, specializing is becoming increasingly important Besides enhancing the revenue potential for insurance agents and agencies, specialization provides valuable benefits to their clients. By Kari Glennon Have you ever been asked by a...

Posted: Dec 29, 2023

THIRTY-FIFTH ANNUAL AGENCY OF THE YEAR CANDIDATES

Who will be the 2023 agency of the year? One of the agencies featured in a Rough Notes cover story during 2023 will be named Agency of the Year. The winner will be selected based on votes from previous Rough Notes cover agents. Principals of the winn...

Posted: Dec 29, 2023

DO YOU BELIEVE IN MAGIC?

Having dabbled in card magic when he was younger, Tony Cañas, co-founder and chief motivational officer of Insurance Nerds, picked it back up more seriously last year. “I just like putting a smile on people’s faces and it goes well with my top hat,”...

Posted: Dec 29, 2023

STAFF BOOM FILLS THE GAPS 

Dedicated outsourced staffing provides agencies and brokerages greater independence By Maura C. Ciccarelli When Norm Hudson’s full-service agency, Inszone Insurance Services, was looking to expand about 10 years ago, finding talent to do back-end pro...

Posted: Dec 29, 2023

TECHNOLOGY THAT AGENCIES NEED TO SUCCEED IN 2024

Adopting these solutions can give your agency a competitive advantage By Brenna Johnson It is officially the beginning of 2024. As with every new year, it’s a time when agents are fresh and ready to achieve their new goals. Along with new goals come...

Posted: Dec 29, 2023

Scott Insurance Celebrates 160 Years in Business

Hutch Mauck, President, Scott Insurance Founded during the Civil War, this thriving agency serves clients from nine offices across the Southeast By Keith Mann At Scott Insurance, we are extremely proud of our long history of service as trusted partne...

Posted: Dec 29, 2023

PROTECT YOUR BUSINESS, PROTECT YOUR CLIENTS

The top tools to increase cybersecurity regardless of agency size By Joyce Sigler According to the U.S. Small Business Administration’s Office of Advocacy’s article “Frequently Asked Questions About Small Business 2023,” a small business is one that...

Posted: Dec 29, 2023

FROM DATA TO DELIGHT

How AI is revolutionizing customer satisfaction in insurance By Bhaskar Kalita In today’s insurance landscape, one fundamental truth reigns supreme: Customer experience is everything. Policyholders now demand more than just great coverage; they seek...

Posted: Dec 29, 2023