Top Causes of Loss in the U.S. and the World

January 9, 2019

The largest financial losses worldwide come from fires/explosions and aviation incidents, according to an analysis of the Top Causes of Loss of 470,000 insurance losses around the world by Allianz Global Corporate & Specialty (AGCS) Insurance. Here are a couple of other quick takeaways from the claims review: Increased Litigation Costs: In general, litigation is […]

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Marijuana Use Linked to Increased Car Crashes

December 15, 2018

Although the workplace impact of marijuana in states where it’s been legalized has mainly been a workers compensation concern, a recent study now links marijuana use to increased auto crash claims. In four states where marijuana is now legal — Colorado, Nevada, Oregon and Washington — the frequency of collision claims filed with insurers were […]

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What’s a “Reservation of Rights” Letter?

November 20, 2018

And what should you do if you get one? Your organization has just been sued, and you’ve notified your liability insurer as required by the policy. You think all’s taken care of…when you receive a reservation of rights letter from the insurer. What does this mean, and what should you do? Practical Risk Management defines […]

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Do You Need Professional Liability Insurance?

November 10, 2018

Unless you’re an attorney, doctor or accountant, it may not be obvious to you that you may need professional liability insurance. Forty percent of businesses believe they may have professional liability risks but have not purchased insurance for it, according to a recent survey of small business owners by The Hanover Insurance Company. Over the […]

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What’s a “Reasonable Accommodation”?

November 2, 2018

The Americans with Disabilities Act (ADA) and amendments apply to employers with 15 or more employees. These employers cannot discriminate against individuals with disabilities in hiring, promoting, retaining and other aspects of employment. The ADA requires affected employers to provide a “reasonable accommodation” to allow these individuals to perform their job duties. Employers do not […]

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Why Now is a Great Time for a Policy Review

October 30, 2018

If it’s been one or two years since your last risk and insurance policy review, you are likely due. Your operations have probably changed. Read the list below, ask yourself these questions and decide if it’s time to call your broker. Don’t forget there are many exposures that may have seemed relatively unlikely in the […]

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Don’t Be a Fake Accident Victim

October 20, 2018

Auto accidents cost hundreds of billions of dollars each year and in some places, like New York City and Los Angeles, nearly one out of three accidents may not be an “accident” at all, according to the National Insurance Crime Bureau (NICB). In one type of fake accident, dishonest drivers maneuver innocent drivers into car […]

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Lightning Strikes

October 10, 2018

You cannot prevent lightning from striking, but you can take steps to minimize the damage it can cause. Deaths by lightning in 2018 are down so far from the average (18 fatalities vs. 49 on average). But lightning is the leading cause of injury and death from natural disaster other than floods. However, even though […]

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Proud Sponsor of La Mesa Oktoberfest

September 20, 2018

At Teague Insurance, we enjoy giving back to our community. We are proud to be a sponsor of the 2018 La Mesa Oktoberfest. Located on La Mesa Boulevard and right around the corner from our office, we can’t wait to be a part of the excitement (We can almost smell the bratwursts on the grills!). […]

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Burglary Prevention: Should You Leave the Lights On?

November 17, 2017

It seems like a no-brainer to leave the lights on outside your home to deter burglars while you’re away (or even while you’re asleep). But does that really work? Or is it just a waste of electricity — particularly this time of year, when the days keep getting shorter and shorter? Those answers can differ […]

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