Author Archives: Jennifer Holt, ACSR

What If Your Email Account Was Hacked?

Do you have an action plan in place in the event one of your company’s email accounts is hacked? A recent incident with a Midwest-based title and settlement agent is prompting us to alert our clients to this issue. The particular company had several email addresses that handled a large...

What You Can Do To Fight Wire Fraud

Statistics recently gathered by Beazley Insurance indicate that in 2017 the average theft through fraudulent wiring instructions was $357,000. Some thefts were only a few thousand dollars; however, others were in the millions. Fraudulent wire instructions have become a significant threat to the well-being of title and closing agents. Even if your...

Title Industry Protectors: Your E&O Experts

I’d like to take this opportunity to introduce myself and the Merriam Agency to you. Our agency specializes in writing Errors & Omissions coverage for Title Agents. In fact, we have an entire department that focuses exclusively on your business. Over the past several years we have seen drastic changes...

Land Title Association: Get Involved!

Recently, we had the opportunity to attend two of the New York State Land Title Association (NYSLTA) Town Hall meetings. One was held in was held in Tarrytown, New York and the other in Carle Place, New York. I firmly believe that you cannot help your clients unless you understand...

Don’t get caught in a phishing scheme!

Phishing: the attempt to acquire personal and/or financial information by impersonating a trustworthy entity in an electronic communication. Businesses are falling for these schemes daily, turning over data and funds after receiving a malicious phone call or email instruction to do so. The perpetrators are easily able to lure victims in...

Are my Independent Contractors covered?

This is one of the most common questions I am asked when preparing quotes for E&O insurance. My answer is always the same: “we must look at the policy form to see how your carrier covers ICs.” More often than not, E&O insurance coverage is usually extended to the Independent...

Do You Know Your Retro Date?

The retroactive date on your policy specifies the earliest point in time that your insurance policy will provide coverage. This is also known as your prior acts coverage. Your professional liability policy is written on a claims made basis including