An adjustment in attitude
Article Abstract:
Property and casualty insurance companies have nearly abolished the first-party attitude of giving field adjusters authority to settle all questionable claims in favor of a stringent bureaucracy that examines nearly every questionable claim. The change in attitude towards claimants was due to the recession, legal environment, increased business consolidation and other factors. Insurers should reestablish the first-party attitude, with some limitations, to avoid government regulation.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1993
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Patenting coverages
Article Abstract:
Insurance companies can patent policies, cash management systems and other financial instruments if the instrument is generated from a computer program and is unique in its design relative to other financial instruments. Companies that patent financial instruments can benefit financially because patented instruments can be used exclusively by companies that create them. Earnings can also be generated by licensing the patented financial instrument to other firms.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1993
User Contributions:
Comment about this article or add new information about this topic: