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History of The Valued Policy Laws—Insurers Threatening to and Leaving Markets is Nothing New

Property Insurance Coverage Law

As a follow-up to yesterdays post, California is Not a Valued Policy Law StateCalifornia Has a Valued Policy Law for Valued Policies, it is instructive to understand the underlying reasons why valued policy laws were made.

Policy 203
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Does my Landlords Insurance Policy cover terrorism

Prof. Allan Manning

This means that no Terrorism Levy is charged by Insurers and that if the Federal Government and the Minister for Finance in particular declares some event a terrorism event, then any exclusion found within a Landlord’s policy will not be void and claims where there is an exclusion will not be paid.

Policy 173
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Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage

Insurance Journal

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for …

Cyber 299
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State Residual Markets See Policy Count Double in 5 Years: AM Best

Insurance Journal

According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access … State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%.

Policy 264
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Streamlining Policy Issuance and Servicing with BPO: Key Benefits for Insurance Carriers

Insurance Journal

In the ever-evolving insurance industry, efficiency and accuracy in policy issuance and servicing are crucial to maintaining competitiveness and delivering a superior customer experience. Insurance carriers are under constant pressure … This post is part of a series sponsored by Selectsys.

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Optimizing Policy Renewal and Retention with Selectsys BPO Services: Strategies for Insurance Success

Insurance Journal

In the highly competitive insurance industry, the policy lifecycle doesn’t end with the initial sale. Instead, the renewal and retention phases are critical touchpoints that can significantly impact an insurer’s … This post is part of a series sponsored by Selectsys.

Policy 246
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Optimizing Policy Renewal and Retention with Selectsys BPO Services: Strategies for Insurance Success

Insurance Journal

In the highly competitive insurance industry, the policy lifecycle doesn’t end with the initial sale. Instead, the renewal and retention phases are critical touchpoints that can significantly impact an insurer’s … This post is part of a series sponsored by Selectsys.

Policy 225