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2/21/2013· Life Expectancy - Life Care Planning

Advantages of a Life Expectancy Using Life Insurance Underwriting and Life Settlement Methods in the Legal Setting

By: Vera Dolan

The advantages of a life expectancy using life insurance underwriting and life settlement methods include:

2/14/2011· Insurance

Agents Beware: Due Diligence Is Now Required

By: Michael Sapourn

Transactions between retail agents and brokers they place business through just became more labor intensive.

8/19/2004· Underwriting

All Should Use Greater Care Handling Underwriting Information

By: Akos Swierkiewicz, CPCU

One of the tenets of insurance law is that parties to an insurance policy are expected to deal with each other in utmost good faith. Applicants for insurance or their brokers must disclose all relevant underwriting information fully and accurately to prospective insurers

7/10/2015· Insurance

An Unregulated Workers Compensation Insurance Market Poses Problems

By: Edward Priz, CPCU, APA

Recently, a former Director of the Illinois Department of Insurance wrote an Op-Ed piece, decrying recently proposed legislation that would require insurers to file changes in Workers Compensation insurance rates with regulators before using those rates with insurers. The proposed legislation would also allow the Department of Insurance to disapprove rates if it was determined they were excessive.

1/10/2021· Insurance

Arbitration and Insurance Litigation: Beware of Retrospective Premium Adjustments

By: Jane Downey, M.Ed, ARM

I have been retained as an Insurance Expert or Insurance Arbitrator to confirm the proper calculation of insurance premiums, based on actual exposures, completed by the insurer at audit. In the first case, a large Hotel bought out their partner and inherited a large Wrap-Up Program of Insurance.

3/12/2015· Insurance

Claims Made Insurance : A Review of The Modern Form

By: Frederick Fisher, JD, CCP

Rarely are clients immediately aware of the wrongful or erroneous actions of the "professional" they trusted to perform specific duties or services; mainly because "professional" acts or errors do not or only seldom cause immediate injury. A "professional's" wrongful acts or errors may not manifest in client injury until long after the act is perpetrated or the error is committed.

11/20/2014· Insurance

Construction Risk Management: Claim Auditing

By: Frederick Fisher, JD, CCP

The claims audit is the anathema of day-to-day claim operations. Nothing is more disruptive. Yet, if properly defined, nothing is more informative and helpful in improving a claim management program. This article will examine the need for a regular auditing program and provide a recipe for a three-dimensional approach to the process in order to maximize the accuracy of the audit results.

12/22/2014· Insurance

Continuity And Prior/Pending Litigation Exclusions In The Claims-Made Policy Form

By: Frederick Fisher, JD, CCP

The 35-year history of the claims-made policy form has not brought it stability or standardization. In fact, claims-made forms have begun to incorporate with increasing frequency additional and exclusionary language that is unfavorable to the policyholder.

4/3/2020· Insurance

Coronavirus (COVID-19) and Workers Compensation Insurance

By: Edward Priz, CPCU, APA

One question being asked is whether COVID-19 infections could be the basis for Workers Compensation claims by workers who feel they likely contracted the virus through work. At the moment, the best answer appears to be that’s unlikely for many workers, possible for some, and subject to change depending on future actions by state legislatures.

1/28/2015· Insurance

Current Trends: The Unintended Results of the Absolute Exclusion

By: Frederick Fisher, JD, CCP

Two mutually exclusive goals are beginning to result in apparently unintended results within the executive and professional liability markets. The quest for underwriting profits and the desire to develop clear (to whatever extent possible) coverage language have rapidly changed the coverage landscape within these two lines of coverage.