A growing headache: covering other insureds
Article Abstract:
Claims managers and insurers are focusing on "additional insureds" under comprehensive general liability (CGL) policies with the risks of litigation and rising costs. Additional insureds have many of the same rights as the named insured or policyholder with a CGL policy, and are added to the policy through an endorsement. They may make claims under a CGL policy, in spite of not negotiating for or obtaining coverage and not paying premiums.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Banks offer their own opportunities; banks want to make money in insurance, not supplant agents, some find
Article Abstract:
Many property and casualty insurance agents are finding out that the sale of insurance products by banks is benefiting their businesses, instead of adversely affecting them as many agents had feared. One such agent is Jon Rongstad in Waseca, MN, who owns a four-agency network. Banks' insurance activities have helped boost Rongstad's annual premium volume from $400,000 in 1984 to $2.5 million in 1996.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Reevaluate risks when reengineering
Article Abstract:
Companies should carefully consider the immediate and long-term effects of corporate reengineering. Long-term consultative partnerships with insurers and brokers can provide in-depth surveys of quantifiable and in-direct losses due to downsizing efforts. Common long-term, uninsurable losses include morale problems and changes in vendor relations.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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- Abstracts: Honing the competitive edge. Honing the competitive edge: insurers that refine their products and services to meet customer expectations are the ones most likely to sustain competitive advantage
- Abstracts: Survey: customer demands concern chief executives. Tax time can be opportunity time; insurance products can play a big role in tax planning strategies
- Abstracts: Mortal danger: between the burgeoning viatical settlements market and the tacit danger of beneficiaries tempted into harming insureds, insurers must find ways to safeguard the secondary markets for life insurance and annuities
- Abstracts: A brewing crisis: no new producers. To survive, small agencies should upgrade their skills now. Agency leadership takes different forms