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.

---

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.

Intellectual property, Financial instruments

---

Similar abstracts:

• Abstracts: Fixing a damaged market. Structured settlements: Panacea or placebo?
• Abstracts: Time and material: adjusting the terms. Time to act
• Abstracts: Awash in fraud. Covering cyberspace
• Abstracts: Constructing protection for design professionals. Insurers look to the issues of 1993

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