News and Events | Dougherty Insurance

Buffett Bets on Business Insurance

Published May 8, 2013

Investing legend Warren Buffett is betting on business insurance, and looking to bet big. “We would like to get into the commercial-insurance business very big time,” Buffett, 82, said yesterday in an interview with Bloomberg Television’s Betty Liu, before the Berkshire Hathaway annual meeting this weekend in Omaha, Nebraska.

He’s picking up some executives from AIG and putting them to work for his investment business, Berkshire-Hathaway. Berkshire has been active in auto and re-insurance markets for quite a while, but not in business insurance. It’s too early to tell how they plan on getting into the game – through creating an insurer, purchasing one, investing in one, providing capital or other.

Source article in HERE.

Posted in News - National, of InterestTagged Berkshire Hathaway, business insurance, Warren Buffett

Many Unaware that Health Insurance Reform is Law

Published May 1, 2013

A stunning number of people are not aware that the Affordable Health Act is law. It passed quite a while ago, is as unpopular as ever, and has members of Congress – the same ones that voted for it – trying to exempt themselves from it.

This is from what is what many consider a ‘mainstream’ news source:

http://abcnews.go.com/blogs/politics/2013/04/obamacare-poll-finds-42-of-americans-unaware-its-law/

Posted in Uncategorized

Providence Mutual is Ready to Go

Published April 26, 2013

We’re always looking for the best insurance companies for your insurance needs. We partnered with Providence Mutual recently. On Wednesday, we got to meet with many of their staff – underwriters and executives – that we’ll be working with.

So how is this of interest to you, our customer? We go shopping for you and get you the best coverage at the best price. Maybe Providence Mutual is a great fit for you or a business you know. Let’s put them to the test!

Posted in Uncategorized

‘Terror’ Threatens Insurance Payouts

Published April 25, 2013

“Terrorism” isn’t a covered cause of loss under most insurance policies; it must be purchased as an additional optional coverage.

If the recent Boston bombings are declared an act of terrorism, it changes how insurance will work. Many businesses will not e covered as they did not purchase the terrorism coverage. For a more detailed explanation see the article in today’s Wall Street Journal HERE.

Posted in Uncategorized

New TV Ad Campaign

Published April 23, 2013

Look for our latest TV ad campaign to start on April 29th on Cablevision. We’ll be seen on ESPN, Fox Business, Fox News, TNT, Hallmark, Traffic and Weather and more.

If you’re looking to produce and air your own ad feel free to contact us. We’ll be glad to share our experience and help our customers grow their businesses!

Posted in Local News, of Interest

Boston Bombing and Insurance

Published April 19, 2013

We sincerely don’t want to offend anyone by using the recent tragedy as a platform. But we feel we have a responsibility to make our insureds aware of risks in an uncertain world and the options available to address them.

In the light of recent events it may be time to re-evaluate the following insurance coverages:

Business Interruption. Know how your business policy would react if your business is shutdown by an event or by civil authority.

Businesses may want to re-think terrorism insurance. Very few businesses have selected to include this optional coverage. Contact us, we’ll look into what it would cost for your business.

Event Cancellation Insurance: Planning a large event could cause financial loss if cancelled by circumstances beyond your control. For example, the New York Marathon was cancelled after Sandy. Did you know you can get insurance to cover that financial loss?

Life Insurance. Enough said.

Posted in of Interest

Insure This: Texas Fertilizer Plant Explodes

Published April 18, 2013

Injuries and property damage caused by plant explosion will be covered by P&C insurance, says the Insurance Information Institute. Workers injured by falling debris or burned as a result of the explosion will be covered by workers compensation for medical costs, rehabilitation and lost wages.

Read the full article from an insurance industry publication:

http://www.propertycasualty360.com/2013/04/18/massive-texas-plant-explosion-destroys-houses-cars?eNL=51704798150ba0ac34000052&utm_source=PC360DailyeNews&utm_medium=eNL&utm_campaign=PC360_eNLs&t=catastrophe-restoration&_LID=72215056

Some claims people are working overtime.

Posted in News - National

Forbes: Affordable Care Act is Unaffordable in CT

Published April 2, 2013

A Forbes reporter reviews a case study on Connecticut and the implementation of the Affordable Care Act, aka Obamacare, that will highly impact health insurance and paying for health care.

She finds the benchmark plan, as described by Kevin Counihan, the CEO of Connecticut’s health insurance exchange marketplace (“Access Health CT”): ”We have a benchmark plan that is uncompetitive…it’s too expensive.” It won’t help the people it’s designed to help.

She also finds “bureaucrats who don’t want to talk” about it and the bureaucratic factors causing higher pricing for many.

Only six months until implementation.

http://www.forbes.com/sites/aroy/2013/03/26/blue-state-aca-blues-connecticuts-benchmark-plan-already-unaffordable/

Remember what you were led to believe: “You’ll be able to keep your plan” and “not another dime”.

Posted in Uncategorized

Open Today

Published March 29, 2013

We are open today, March 29th.

Happy Good Friday and enjoy your Easter weekend!

Posted in Uncategorized

Boating Season !

Published March 15, 2013

Is it too early to think about boating in Connecticut? Probably, but we can daydream!

A new insurer joins our arsenal of insurers. Hagerty Insurance has been with us as a specialist in antique auto insurance. We’ve never written a lot of business with Hagerty – we’ve got JC Taylor and American Collectors that specialize in this market, too – but they are announcing that they’ll insure a wide variety of boats. We’ll see how they do. Help us put them to work – contact us with your boat insurance needs.

We’re ready for spring…and we’re not just talking about insurance, either!