(Para Español – Aqui) In October 2015, a powerful Saffir-Simpson Category 5 tropical cyclone made landfall on the Pacific coast of Mexico, about 200 km south of Puerto Vallarta. That was hurricane Patricia, which caused an estimated USD 350 Million in uninsured damages, mainly to infrastructure, housing, and farms. Insured losses were even less, due … Read more
(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) P&C policy forms come in three basic varieties: Standardized Proprietary Hybrid There are several “standards” … Read more
(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) Legendary industry author, consultant and expert witness Don Malecki, CPCU, ARM did not like to … Read more
(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
Loss Runs have forever been and continue to be a mess. Underwriting requires them… Agents and brokers order them… They arrive at the underwriters, who look at them… And they are completely unstructured pdfs that have no standard date sets, no standard terminology. Every company is generating them in their own way and its up … Read more