The issue of underinsured properties returned to the forefront in the wake of the November 2007 California wildfires. Some state officials suggested the problem arose from a "lack of clarity" in
What are the ethical implications of the controversial concurrent causation clause in property policies, which critics contend unfairly leaves those victimized by covered wind and uncovered flood
Insurance texts report that the "heart" of the insurance business is indemnity. After a loss, claimants--at best--should be placed in their pre-loss financial position. No claimant should profit from a
As you can see by the accompanying infographic, there is a wide divergence of opinion within the industry when it comes to the ethics of using credit scores in underwriting coverage and setting
Problems settling "wind versus water" claims after Hurricane Katrina--with policyholders, including members of Congress, challenging denials based on the standard flood exclusion--generated unwanted
Independent agents say they represent the best interests of the insured (even though in a legal sense, the agent is the representative of the insurer), while technically, brokers are supposed to
The latest "Question Of Ethics" we posed to readers of National Underwriter involved an insured calling to report a loss that appears to be questionable. What are the ethical responsibilities of an
Producers, like most professionals, have different levels of technical sophistication, yet the general public might not recognize the need for such knowledge-based sophistication when they buy
As background, your organization has a formal Ethics Code--including a provision that requires notification of unethical activity to you. The code is silent as to whether the individual reporting the
