Many insurance policies, both property and casualty, have exclusions for losses that are expected or intended. But what if the person who causes the loss has some degree of mental incapacitation? Is that material to whether such exclusions apply? Yes, but each claim depends on the individual facts and circumstances of that case.
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If someone sells a policy they know does not cover 99% of what someone does for a living, does that constitute insurance fraud? If not, is it ethical? What if the provider is simply ignorant? If the coverage provided by the policy is largely illusory, will the courts support a claim denial?
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In the debut episode of Season 2, we spend some time with Bill Wilson, the founder, and CEO of www.InsuranceCommentary.com, a website dedicated to property & casualty commentary; a site we all have saved to our favorites here at the PGI home office.
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ISO has filed a new Homeowners program revision effective in most states in March 2022. Here is a link to an article detailing the changes and the filing designations if you want to access them on NAIC’s SERFF system.
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“Passion. Creativity. Tenacity. These are all traits exhibited by Plaintiff’s counsel in their opposition to Defendant Westchester Surplus Lines Insurance Company’s motion for judgment on the pleadings in this putative class action lawsuit for damages a restaurant allegedly sustained because of the COVID-19 pandemic.”
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An insurer makes a unilateral change in policy coverage, adding a named insured, based on “publicly available” information. Is this legal or appropriate? What about erroneous “public” information (aka “big data”) the insurer uses for coverage or rating purposes without confirmation by the insured, e.g., household residents, dwelling square footage, incorrect credit information, etc.
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If you’re an insurance professional, do you ever notice insurance advertisements that are factually incorrect, especially with regard to coverage under a particular insurance policy? Recently, I was compelled to write at least my third article on this subject. Insurers, please involve your claims departments in vetting your advertisements.
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Are you increasingly encountering online digital certificate of insurance verification or tracking systems? If so, are you aware of the potential liability issues involved in the use of these systems? This article identifies things to be wary of, especially if the vendor wants YOU to fund the system.
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BONUS! Purchasers of this book get a free PDF download of my book “QuoteNotes: The Ultimate Quotational Reference System and Authoring Tool for Professional Speakers and Writers” endorsed by Zig Ziglar and Brian Tracy. This is an indexed and cross-referenced compilation of my 1,500 favorite quotes and includes a section on how to use quotations in your speaking and writing.
To get BOTH books at a discounted price, click the book cover or CLICK HERE.