Sat.Sep 07, 2024

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Why Do Insurers Put Mortgagees and Loss Payees on Checks?

Property Insurance Coverage Law

The answer to the question in the title is answered in the attached complaint. 1 Zurich paid a claim and listed the named insured on the check. The loss payee was not listed on the payment check. The insured went bankrupt. The loss payee is now suing Zurich. For more discussion about loss payees, please … The post Why Do Insurers Put Mortgagees and Loss Payees on Checks?

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Bermuda premier defends ‘robust’ insurance sector after 777 Re crisis

Elmore

David Burt says island has ‘very strong and robust regulatory system’ following issues at private equity-linked reinsurer The post Bermuda premier defends ‘robust’ insurance sector after 777 Re crisis appeared first on Elmore Insurance Brokers.

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Essential Guide to Dependent Definition For Health Insurance

Smart Insurance Agents

Understanding Dependent Definition For Health Insurance Key Highlights A dependent in health insurance refers to a person eligible for coverage under your plan, typically including spouses and children. The definition of a dependent can vary depending on the insurance provider and specific plan. The Affordable Care Act (ACA ) significantly impacted dependent coverage, extending it to age 26 for young adults.

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Biggest brokers say insurers must ditch ‘arbitrary’ Ukraine exclusions

Elmore

Aon and Marsh McLennan suggest resumption of cover is necessary to boost war-torn country’s economy The post Biggest brokers say insurers must ditch ‘arbitrary’ Ukraine exclusions appeared first on Elmore Insurance Brokers.

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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor