Terms & Conditions Tuesday – Policy Form Standardization (11-21-2023)

(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) P&C policy forms come in three basic varieties: Standardized Proprietary Hybrid There are several “standards” … Read more

Terms & Conditions Tuesday – Entirety of Contract (10-31-2023)

(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) Legendary industry author, consultant and expert witness Don Malecki, CPCU, ARM did not like to … Read more

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

Profiles in Risk: E458 – Going From Unstructured to Structured (and useful) Loss Runs; Scott Knowles, CEO & Co-Founder at Loss Scan

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

Profiles in Risk: E446 – Beyond Technical Expertise: How Soft Skills Minimize Engineers’ and Architects’ Professional Liability Risk With Jeff Hirst of Professional Empowerment Institute

Professional Technical Service firms such as engineering or architecture firms have immense professional liabilities. When mistakes get made, people die. Liability exposure is significant and there is a lot of emphasis on becoming more technically competent so that mistakes are minimized. This is part of the “hard” risk management for these firms and the insurance … Read more