Congratulations to D&D’s very own Doug Dinjian in the Stockton office on being installed as the Greater Stockton Chamber of Commerce President!
Click here to read more about Doug’s exciting new position in the Chamber’s Port of Call magazine.
Like back in 1949 during the California Gold Rush, we are now seeing a 21st Century boom in the new residential building industry. So the Insurance companies are tightening the reins on the mules.
Please double check and review the definition of “Project” for your sub-contractor or general contractor liability policies. When it comes to residential construction defect claims, we are seeing policy language, including “Project” endorsements that limit or exclude coverage. We are finding a limit on the number of Homes within the overall housing development. Not to be confused with the total homes worked on by the Insured.
The “Project” is the TOTAL number of homes within the development. This includes ALL Phases, present and future. So if the insured is only contracted to work on 50 homes, but the Project has a total development of 100 homes, this endorsement could exclude coverage.
The intent of the endorsement is to limit the construction defect exposure. The higher the number of homes within the Project will increase the potential for construction defect lawsuits. That is why they limit the number of homes on the endorsement.
So please remember to double check the insurance application questions, policy language and recognize any “Project” endorsements.
Click the “Download” button below to access the 2019 Nationwide Farm Commission Schedule.
“California’s new commissioner wasn’t getting along so well on Earth Day with groups of climate change and consumer activists.
California Insurance Commissioner Ricardo Lara, who put battling climate change on top of a liberal and consumer friendly platform on his way to winning election as commissioner, rejected a petition urging him to place new regulations on insurers to disclose what projects in the fossil fuel industry they underwrite.”
Click here to read the full article from InsuranceJournal.com.
Do you know someone pursuing a totally different path, who might be perfect for the insurance business? Click here to read up on how one woman went from journalist to producer
From PropertyCasualty360:
“What have you done for me lately?” Once you’ve got the client, the challenge becomes keeping the client.
Realtors understand this challenge. Historically, there’s been a distinction between financial advisors and realtors. For a realtor, when the prospect says “Yes. I’ll buy the house” the work is just getting started. The realtor needs to keep the deal together through the mortgage and inspection processes and all the other bumps in the road before closing.
How does this apply to you? Realtors need to make a compelling case to keep their client at the firm as competitors are trying to lure them away. You can do it too.
Here are some easy steps to keep clients happy and feeling important…
“Legislation that could lead California to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change cleared a key committee vote Tuesday…”
Click here to read the full article on this developing story.
Could you imagine getting over 20,000 calls and texts for your birthday? Well that’s what happened to this New Jersey insurance agent. Click here to read the full story.
Are you following D&D on Facebook, Instagram, and LinkedIn?
Not only are these social media platforms a place for community members and potential clients to find us on the web, they’re also ideal for engaging existing customers and branding D&D as the experts.
On a daily basis, D&D shares company facts, fun internal activity photos, informational articles, and more to these platforms. These items are great to re-share to your personal social media pages, send to your clients, and to build trust and rapport with your base.
Click here to read up on the power of social media in our industry.
From PropertyCasualty360:
Striking opportunities for client relationship-building are hiding in plain sight when good business etiquette reigns — whether in first-time prospect meetings or greeting longtime clients (no fist-bumps, hugging or kissing, generally speaking). So says Daniel Post Senning, great-great grandson of etiquette icon Emily Post, in an interview.
Indeed, the art of good etiquette (the French word means “prescribed behavior”) goes deeper than good manners, which typically evolve over time. Good etiquette is an expression of caring about others, which of course is helpful to gaining client trust, maintains Post Senning, 41, who, in the interview, discusses three scenarios in which good etiquette generates opportunities.
On behalf of the Emily Post Institute, based in Burlington, Vermont, Post Senning conducts business etiquette seminars for companies such as Barclays, Geico and UBS; teaches the train-the-trainer course; and hosts the “Awesome Etiquette” podcast with cousin Lizzie Post. Previously, he partnered with Bank of America as a spokesman promoting BofA’s new technology.