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Parametric insurance offers financial protection against losses that are often hard, or even impossible, to get insurance for in some instances.
When the replacement windows don't match the undamaged windows, does the pair and set clause apply?
When an insured dies, does the policy continue to provide coverage and, if so, who is covered?
This question involves a hotel's chef, who was injured after diving into the shallow end of a pool at his employer's culinary awards celebration.
As this interactive map illustrates, states have moved from statutes governing certain breeds to qualifying dangerous-dog behaviors.
Insurance regulators recognized the growing need for more standard and comprehensive pet insurance guidelines.
Valued policy laws generally apply only to buildings and structures, and only to losses due to perils specified in the law.
Hurricanes produce strong, powerful winds, but it's actually the water that causes most of the destruction, accounting for nearly 90% of fatalities.
Get an in-'Depp' crash course on policies and endorsements that might respond to slanderous and libelous claims.
While direct exposure is limited, AM Best reports that U.S. insurers might face 'significant' indirect exposures.