I received a nice notice from my commercial GL carrier advising the coverages at renewal would materially change. Admitted carriers have to provide such notices (E&O point: exceptions to this rule do exist, even for admitted carriers and always remember surplus lines companies do not have to provide notice of material change because their agents have this responsibility). The notice I received is designed to comply with regulations. It is not designed to convey usable information. That is the problem. Compliance with regulations like these does not benefit the consumer. The regulations look good on paper but are actually useless.
I make my living in this industry, and yet, to know what coverages are being changed, I would have to go