Avoiding disability land mines

Article Abstract:

Insurance agents can avoid professional liability for errors and omissions (E&O) in selling disability income insurance policies by observing some steps. The agent must screen prospective clients. The agent must explain the risks to a client with existing disability policy who wants to have better coverage by acquiring a new policy. Accuracy of information included in an insurance application should be assured at all times. The agent should explain to the client the provisions and terms of insurance policies.

Direct Health and Medical Insurance Carriers, Income Loss Insurance, Analysis, Prevention, Malpractice, Disability insurance

---

Rebuilding homeowners coverage

Article Abstract:

Home insurance companies have made changes in their coverages after realizing that their previous catastrophe models based on the effects of the 1989 Hurricane Hugo were not realistic. The worst-scenario estimate for a hurricane hitting Miami, FL, was $1 billion in losses. However, insurance companies loss $15 billion as a result of Hurricane Andrew. As a result, insurers have specified limitations on some claims to cushion the impact of future disasters.

Direct Property and Casualty Insurance Carriers, Other Justice, Public Order, and Safety Activities, Personal Property & Liability Insur, Disaster Insurance Programs, Economic aspects, Property and casualty insurance, Property and casualty insurance industry, Homeowners' insurance, Disaster insurance

---

Similar abstracts:

• Abstracts: Lead-based paint law changes liability color. EPL claims rising - where's the coverage?
• Abstracts: Putting the scalpel to managed care. Building new walls around managed care
• Abstracts: Ending the redlining lie. Customizing coverage. Sounding the alarm for fire detection
• Abstracts: Disability's on the mend. Paying the price. Changing needs create DI market opportunity
• Abstracts: Disability post-ADA. Unveiling disability claims fraud. Noncancellable disability income survey

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.