It has been reported that a number of the people injured as a result of the Joplin tornado have been infected with a deadly fungal infection, mucormycosis.
How would you like it if one of your insurance clients burned down someone's house while exterminating bed bugs and then went on live TV to proclaim that he would take care of it—he has insurance!?
How would you like it if one of your insurance clients burned down someone's house while exterminating bed bugs and then went on live TV to proclaim that he would take care of it—he has insurance!?
One of the rules I learned early on was that no matter how good the insurance coverage is, a business can never, ever recoup all the losses it suffers during a period of business interruption.
The term “bad faith” is one of the most disparaging terms risk managers can level against their insurers. Bad-faith allegations are made after a claim has been poorly handled in the eyes of the risk manager, with a lawsuit often following.
Yes, there is a lot wrong with the NFIP system. But I know that no insurance company can or will ever consider writing such adverse risk business without a subsidy.
We writers and editors of FC&S Online have a good bit of interaction with our subscribers, and some of that involves lengthy discussions and even — can you believe it? — heated debate. One of the most common areas of disagreement is tenant improvements and betterments