insurance agent

Morrison v. Allen, Part II

Brandon McWherter
March 02, 2011 03:35

Yesterday I wrote about the February 2011 landmark decision of the Tennessee Supreme Court in Morrison v. Allen.  There was one relatively minor point concerning an alleged misrepresentation in an application that grabbed my attention.  In Morrison, the insurance company denied Ms....

Tennessee Supreme Court Redefines the Law of Insurance Agent Liability

Brandon McWherter
March 01, 2011 02:31

On February 16, 2011, the Tennessee Supreme Court rendered a landmark decision concerning insured's rights to pursue claims against their insurance agents for failure to procure appropriate insurance.  The case is Morrison v. Allen, and can be found here.   In Morrison, the basic facts...

Liability on the Insurance Agent

September 06, 2010 11:02

A few weeks ago, Corey Harris and I briefly wrote about liability that can fall back on the insured in our respective posts, Errors in Insurance Application May Leave You with No Coverage and More on Errors in Insurance Applications. This week, presents a situation in which liability may fall back...

But I Thought I Had Flood Insurance . . . Is My Agent Responsible?

May 06, 2010 03:23

Over the past couple of days, that's a phrase I've heard several times, and its an issue that raises an interesting question --  Are insurance agents potentially liable for the flood damage suffered by Tennessee residents across the state?  I think the answer is yes.   This is really...

Insurance Companies Don't Care About You: They Care About Your Premiums

Trey Mills
November 11, 2009 07:55

In my article, "How Do Insurance Companies Make Money?", I go over Profit = earned premium + investment income - incurred loss - underwriting expenses.  However, it is not my intention to be that technical this time around.  Insurance companies have many different layers, or...