"Consumers cannot be expected to understand how this clause works, and will always be shocked to learn that their coverage has been trumped by the occurrence of some other type of claim," wrote Mr.
Farm Bureau actuary Missy Shelley told NU Online News Service following the hearing Tuesday that the carrier was seeking a reduction of about 2 percent once the impact of last month's cut was taken in
Similar measures have failed to win enactment this year in eight states. Only in Texas has legislation enforcing higher limits opposed by the insurance industry and advocated by a variety of forces be
The so-called anti-concurrent causation clause is used to override a damage claim from a covered cause such as wind when an uncovered event such as flood occurs in the same time period, said the curre
Morgan Stanley analyst William Wilt said his bank's net long position on the p-c insurance group reflects the belief that the stocks are not expensive "and they still offer defensive attributes versus
The so-called anti-concurrent causation clause is used to override a damage claim from a covered cause such as wind when an uncovered event such as flood occurs in the same time period, said the curre
While there was some indication of a slight correction in U.S. insurer profits in the second quarter, "the correction appears to be insignificant because insurers are continuing to aggressively price
Competition in large insurance brokerage accounts will remain intense. "Within this subsector, we continue to favor Willis, whose middle market strategy should continue to result in outsized organic g
Competition in large insurance brokerage accounts will remain intense. "Within this subsector, we continue to favor Willis, whose middle market strategy should continue to result in outsized organic g
A federal judge in Illinois has limited an insurance carrier's exposure in a $10 million environmental damage action that provides one of the few cases interpreting the Oil Pollution Act of 1990, acco