Category Uncategorized

4
Mar

Basic Parts of an Insurance Policy

By Loring King, Senior Vice President of Underwriting, ARM, CRM, CIC Declarations page: Identifies named insured/address Insurance company Policy term What risks are covered (Property, General Liability, Auto, Inland Marine etc.) Policy Limits, deductibles, premium Policy Form/Insuring Agreement: What is covered Any built in coverage extensions or exclusions Policy conditions, rights and duties of the …

Loring King

About Loring King

Loring King ARM, CRM, CIC Loring has nearly 40 years of experience in the insurance industry. He joined Member Insurance in 2015 as Sr. Vice President of Underwriting. In this role Loring is responsible for the underwriting/profitability of business placed in Member’s Captives (risk sharing portfolio). Prior to joining Member Insurance, Loring held various positions including heading the Agency/Association Captive unit for the Hartford Insurance Company, Risk Manager for Pulte Homes, Underwriting/Marketing/Program Management positions at General Agency Services, Meadowbrook Insurance, and Amerisure Companies. Loring is a graduate of Hofstra University and has earned a number of professional insurance credentials.

2
Jan

What is a premium audit?

By Loring King, Senior Vice President of Underwriting, ARM, CRM, CIC Provisions within the insurance contract permit the insurance company to audit/examine your records to ensure that proper classification were applied and to adjust premiums to reflect your actual business’ financial results. The typical coverages subject to audit include General Liability, Workers Compensation and certain …

Loring King

About Loring King

Loring King ARM, CRM, CIC Loring has nearly 40 years of experience in the insurance industry. He joined Member Insurance in 2015 as Sr. Vice President of Underwriting. In this role Loring is responsible for the underwriting/profitability of business placed in Member’s Captives (risk sharing portfolio). Prior to joining Member Insurance, Loring held various positions including heading the Agency/Association Captive unit for the Hartford Insurance Company, Risk Manager for Pulte Homes, Underwriting/Marketing/Program Management positions at General Agency Services, Meadowbrook Insurance, and Amerisure Companies. Loring is a graduate of Hofstra University and has earned a number of professional insurance credentials.

15
Nov

What is OSHA, how does it impact my business?

OSHA’s mission is to “assure safe and healthy working conditions for working men and women by setting and enforcing standards and by providing training, outreach, education and assistance”. OSHA covers private sector employers. OSHA has established regulations designed to protect employees in the workplace so they have a safe workplace. Communication of hazardous materials, safety …

Loring King

About Loring King

Loring King ARM, CRM, CIC Loring has nearly 40 years of experience in the insurance industry. He joined Member Insurance in 2015 as Sr. Vice President of Underwriting. In this role Loring is responsible for the underwriting/profitability of business placed in Member’s Captives (risk sharing portfolio). Prior to joining Member Insurance, Loring held various positions including heading the Agency/Association Captive unit for the Hartford Insurance Company, Risk Manager for Pulte Homes, Underwriting/Marketing/Program Management positions at General Agency Services, Meadowbrook Insurance, and Amerisure Companies. Loring is a graduate of Hofstra University and has earned a number of professional insurance credentials.

5
Mar

Employers Should Be Very Concerned With The Future of Healthcare Insurance Costs

The 2018 World Cup is fast approaching, with national sides making their final preparations ahead of this summer’s tournament. We now know the groups after December’s draw. England have been put together with Belgium, Tunisia and Panama in Group G. Gareth Southgate’s side were not among the top seeds, meaning they featured in pot two …

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]

7
Jan

Property Insurance is NOT All the Same

It’s time for your insurance renewal and you are thinking about getting some competitive quotes on your property insurance. It’s good to consider options, but property insurance can have significant differences between competing carriers – much more so than other lines such as workers compensation where coverage terms are more standard. When comparing competing property …

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]

8
Mar

Cyber Crimes

I heard recently from someone who really nailed it on how to think about cyber crime. Most of our customers and people I talk to dismiss the importance of protecting themselves and their businesses from cyber criminals. They tend to think that the banks and the credit card companies take all the risk and even if …

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]

26
Aug

Kentucky Showing True Leadership!

If any of you have ever been involved in an automobile incident where a police report was made, you know full-well that there are hungry attorneys and chiropractors out there wanting your insurance company's money or, in the case of another party involved, their insurance company's money. Your mailbox will be packed with letters for …

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]

9
Apr

Insurance for Sawmills and Lumber Dealers

In general, the insurance marketplace is beginning to see the high rate increases of the past few years begin to ebb. Policyholders may now see smaller rate increases and in some cases even decreases. However, one industry remains squarely in the heart of a “hard market” with carrier appetite waning and rates on the rise. …

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]

12
Nov

Are You Exposed To A Data Breach?

Yes you are. Regardless of your structure, if you are engaging in financial transactions involving credit cards, checks, customer information, etc. you are exposed. If you have employees, you are exposed. If you have customers you are exposed. If you have vendors you are exposed. With the busiest shopping season of the year upon us and …

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]

6
Oct

Data Breach – Be Covered!

Be sure to stop by the Member Insurance booth at the True Value Reunion and the Do it Best Fall Market for affordable quotes on the spot. Data breaches are becoming more and more frequent and we want our members to be covered!   About Scott ReynoldsScott Reynolds is the President of Member Insurance Ltd. …

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]

Page 1 of 2