Thursday, April 30, 2015

Senn Dunn Consultant Receives Carrier Recognition

Senn Dunn Insurance, a Marsh & McLennan Agency LLC Company, is pleased to announce the recognition recently received by Peggy Murphy, Individual Health Insurance Consultant, by carrier partner Blue Cross Blue Shield of North Carolina. Peggy was presented the prestigious Blue Cross Blue Shield 2014 Century Club Award by David Juzwick, Regional Sales Executive, Blue Cross Blue Shield North Carolina. Her sales accomplishments in 2014 place her in the top 5% of the carrier’s agents in North Carolina. 
Congratulations Peggy!

Wednesday, April 29, 2015

The 10 states with the highest homeowners insurance premiums

As we enter the busy home-buying season, you may be wondering which states have the highest homeowners insurance rates. Many factors impact home insurance premiums including real estate values, building and construction costs, vulnerability to catastrophes, as well as levels of economic growth and urbanization.

According to a January 2015 study by the National Association of Insurance Commissioners (NAIC), the average homeowners insurance premium across the United States in 2012 (the most recent complete annual data available) was $1,034. That was up 5.7% from 2011, when the increase nationwide was 7.6%.



Monday, April 27, 2015

5 things you should know about flood insurance

Over the past 50 years, every state has experienced flooding or some sort of flash flood. This means that as a homeowner or renter, you don’t have to live near a body of water to be exposed to the dangers of flooding. Heavy spring rains, a sudden thunderstorm or melting snow from the mountains hundreds of miles away can be enough to cause rising water and flooding in the most unexpected places.

The Midwest frequently experiences river flooding, the Northeast can suffer Nor’easters and spring melting, and the West Coast frequently has flooding from November through March. A flash flood can bring a wall of water anywhere from 10 to 20 feet high. A few inches of water from a flood can easily cause tens of thousands of dollars in damage. If you’re a homeowner, the purchase of flood insurance is mandatory if the property is located in a high-risk flood area, and some lenders can still require it if you live in an area with a lower risk of flooding.



Tuesday, April 21, 2015

After Storms, Some Roofers Prey on Homeowners

Strong storms like the ones moving through the state in recent days can leave behind damage—and attract shady roofing companies. These storm chasers knock on doors, saying that nearby roofs were damaged and offer to inspect your roof. Some companies call rather than knock, but the pitch is the same.

The roofer’s inspection always reveals damage. He may claim that your insurance will cover all costs and then ask you to sign a document to inform your insurance company about the situation. However, the document is actually a binding legal contract for expensive repairs.

We’ve taken dishonest roofers who run this scheme to court, but unfortunately other roofers continue to use these crooked practices. To protect yourself from storm chaser scams:

·         Beware of construction and repair firms that call or go door-to-door for customers.
·         Get a second opinion before you agree to have any work done, and get estimates in writing.
·         Ask questions, and trust your instincts if the situation seems suspicious.
·         Read paperwork carefully and don’t sign anything you don’t fully understand.
·         If a salesperson “forgets” to tell you that you have a three-day right to cancel, remember: that law can still provide a helpful remedy against a spur-of-the-moment decision that you quickly come to regret.

If you spot this scam in action, call Attorney General Roy Cooper’s Consumer Protection Division at 1-877-5-NO-SCAM toll-free within North Carolina or file a complaint online.

This message brought to you on behalf of North Carolina Attorney General Roy Cooper.

Thursday, April 16, 2015

Here's how drones are going to transform the insurance industry

Unmanned Aerial Systems (UAS) are becoming increasingly more attractive for use in commercial insurance applications, particularly for property review and inspection; however, there are challenges that need to be overcome before it becomes standard operating procedure. The first is just understanding the terminology.



Wednesday, April 15, 2015

Senn Dunn Welcomes New Hires!

Senn Dunn Insurance, a Marsh & McLennan
Agency LLC Company, is excited to announce the hiring of six new associates.
Kathleen Jacques
Business Insurance Account Manager
Raleigh Office
Byron Mclean
Business Insurance Account Manager
High Point Office

Lindsay Prillaman
Business Insurance Account Manager
Greensboro Office

Denita Knight
Personal Insurance Account Manager
Greensboro Office

Michelle Blanchard
Accounting Specialist
Greensboro Office
Ashley Gladwell
Employee Benefits Account Manager
Greensboro Office


Tuesday, April 14, 2015

These are the top 10 property and liability claims for small businesses

Most small business owners probably worry about theft, property damage, and fire risks affecting their businesses. While these are common claims for small business owners, perhaps they should be more worried about customer injury, product liability, and reputational damage.

The Hartford analyzed small business claims from more than one million property and liability policies over five years, and found that the costliest claims aren't always the most common.

For example, the most common claim -- burglary and theft -- is actually the least expensive claim in The Hartford's ranking of the 10 costliest claims. While 20% of small business owners were impacted by theft and burglary in the past five years, the claims only cost them, on average, $8,000. That isn't much when compared to the costliest claim, which averages $50,000 per claim.



Wednesday, April 8, 2015

Step to it! Making streets safe for pedestrians

Americans are increasingly including walking as part of their regular exercise program, and pedestrian activity naturally increases during the warmer months. More than 145 million adults in the U.S. walk for exercise, according to the U.S. Centers for Disease Control and Prevention.

With all those extra feet out and about, it’s important for both walkers and drivers to keep safety in
mind. According to statistics collected by the National Highway Traffic Safety Administration (NHTSA), walking is riskier in the evening and at night. Seniors and children are also more likely to be involved in pedestrian accidents. To keep everyone safe, the NHTSA offers the following reminders.



Monday, April 6, 2015

Here are the 10 most expensive 2015 model year cars to insure

Not surprisingly, model year 2015 sports cars and convertibles that sell for more than $100,000 and can reach speeds of up to 200 mph are the most expensive cars to insure, according to a new study from

These vehicles are very powerful and very expensive to repair and replace. They often combine parts made of carbon fiber and other exotic materials with expensive engines that can crank out 500 horsepower or more, says Cars like these typically appeal more to men, who usually face higher premiums.



Wednesday, April 1, 2015

Here are the 10 factors that are reshaping the insurance business in 2015

In Back to the Future II, the far distant “future” was 2015! While we’re not to the point of hoverboards and time-traveling DeLoreans, there have been a lot of technological advancements that permeate every aspect of our lives, as well as new threats that can impact the well-being of individuals worldwide.

The 2015 Crash Course – Smart Connections report from CCC Information Services, Inc. looks at some of these changes and puts their impact on the insurance industry into perspective. CCC’s lead analyst, Susanna Gotsch, has been the primary author of the Crash Course report since 1995. She provides us with some insight and context for the findings in the report.