Allen Financial — Blog
Homeowner and Farmowner Policy Coverage Differences
What are key coverage differences between a Homeowner and Farmowner policy? There are several key differences in coverage between a Homeowners policy and a Farmowners policy. Both policies cover your personal property and liability exposures but the scope of...
Co-Insurance Explained
Have you ever wondered what the coinsurance clause on your policy means? Co-insurance may well be one of the most confusing and misunderstood terms in insurance. Co-insurance is the percentage of value that the policyholder is required to insurance If you insure...
ACE to Acquire Chubb for $28.3 Billion
July 1, 2015 In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and distribution and greater growth and earnings than the two...
Michigan’s Equine Activity Liability Act amended to remove “negligence” exception for professionals and sponsors
On June 23, 2015, Michigan’s Gov. Rick Snyder signed into law an amendment to Michigan’s Equine Activity Liability Act (“EALA”). The law was amended by Public Act 87 of 2015. You can find it here. THE LAW BEFORE AMENDMENT The new amendment targets a portion of...
Equine Liability Statutes – How do they protect you?
Forty six states have enacted equine activity statutes to protect horsemen, stables, and other venues from frivolous lawsuits arising out of horse accidents that could not have been avoided. In general, state statutes provide that a person may not bring a lawsuit if...
Bartender Liquor Liability Insurance explored – what do I need and what can I get?
By Brent Allen, Allen Financial Insurance Group September 6, 2014 There has always been confusion about the need for liquor liability even among insurance professionals. Liquor Liability laws vary greatly by state and insurance policy coverage options can be...
Protecting Your Horse from West Nile Virus
September 1, 2014 The Equestrian Group www.EQGroup.comA vaccine is now available as an aid in control of WNV in horses. The new vaccine is safe and has been shown to provide protection in horses. The WNV vaccine is similar to vaccines against EEE and WEE and is only...
How does your credit score affect your homeowners insurance premium?
A recent insurance survey determined that homeowners with poor credit scores can pay up to 91 percent more for insurance than those with excellent credit. Even an average credit score can increase your homeowner policy premium by up to 29%. Consumers with poor credit...
What’s The Difference between D&O, E&O and EPLI Insurance?
After the Enron and WorldCom scandals, many businesses realized the importance of having additional insurance coverage for potential mistakes made by their directors, officers, other managerial staff or by the company itself.The Sarbanes Oxley Act of 2002, passed in...
CSU Research Project to Study Benefits of Equine Therapy
A new partnership between two of Colorado State University’s (CSU) flagship academic programs will lead to a better understanding of the potential benefits of equine-assisted activity and therapy (EAAT). The five-year research program, led by Wendy Wood, PhD, OTR/L,...