Terms & Conditions Tuesday – More on Policy Form Edition Dates (10-24-2023)

(Every Tuesday, we will discuss elements of insurance through the lens of Terms & Conditions. In this article, we go into Bill Wilson’s book, When Words Collide to look at the deeper and more profound elements of policy wording and implications for coverage and claims disputes) More on Policy Form Edition Dates Aside from distinguishing … Read more

Accounting and Insurance: A Match Made in History

This week, we are going to change course for a minute to tie insurance and accounting together from a historical perspective. The history of accounting and insurance is a tale of financial evolution. As businesses and trade expanded, the need for reliable record-keeping AND risk management became apparent. As commerce continued to advance, accounting and … Read more

The Financial GPS for Insurance Agencies – Double Entry Accounting

The advent of double entry bookkeeping is one of the most significant milestones in the history of accounting and finance. Developed during the late Middle Ages and popularized by Luca Pacioli in the 15th century, this ingenious system transformed the way businesses, governments, and individuals recorded financial transactions. Today, double entry bookkeeping stands as a … Read more