Grass Valley, Calif.-based Networked Insurance Agents has signed on with LexisNexis Risk Solutions Insurance Exchange, a significant step for LexisNexis into the West, the collaborative insurance placement platform said.
Networked Insurance Agents has roughly1,200 small- to mid-sized independent member agencies. Networked joined the LexisNexis to help the organization manage and maximize its mid-market commercial business submissions to its carrier partners, according to the companies.
The LexisNexis Insurance Exchange is a business and renewal submission placement platform that enhances the flow of application data between insurance carriers, agents and brokers.
LexisNexis Insurance Exchange simplifies the submission of small and mid-sized risks by agents and brokers to multiple markets.
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Affluent investors are likely to face double- and even triple-digit increases in tax rates in 2013, but a new whitepaper offers tips on planning for this eventuality.
Andrew Friedman, a principal in the Washington Update, which focuses on the impact of public policy on the financial services industry, has previously warned that sharp tax hikes are all but certain in less than a year.
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Tax time is here and many are getting together all those important documents. Sometimes people mistakenly think that unemployment benefits do not have to be included on their taxes as taxable income. This is incorrect. Unemployment benefits are taxable and need to be reported to the IRS along with any other income earned within the year.
Learn more insurance tax tips at Your Insurance Guide to Federal Tax Preparation and Returns
Professional what?
If you’ve been asked to buy or recommended to have professional indemnity insurance, but you’re still a little unclear about exactly how this cover works to protect your business, you may appreciate this simple, easy to understand beginners guide written by leading specialist insurer Hiscox.
What is Professional Indemnity insurance?
It’s the kind of insurance that protects your business from financially crippling and often reputation-damaging claims by dissatisfied clients. Because in this everything-by-yesterday world, even the most respectable companies can find themselves in dispute with a client over a mistake. Below
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A New Brunswick court has found that a man who suffered a closed head injury in a 2005 auto accident – which resulted in a lack of concentration, an inability to process information quickly and mental fatigue – is unable to engage in any occupation or employment for which he is suited by education, training or experience.
The insurer in the case, Wawanesa Mutual Insurance Company of Canada, paid the plaintiff Section B benefits of $250 per week under the terms of the man’s insurance policy until Dec. 31, 2007 for a period of 108 weeks.
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