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Court Permits Parties to Cure Defective Diversity Jurisdiction in Suit Against Underwriters at Lloyd’s

The Property Insurance Law Observer

Certain Underwriters at Lloyd’s, London, et al. 2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy.

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Please Don’t Compare Whole Life Dividends to Universal Life Interest

The Insurance Pro

How Life Insurance Products Develop Returns The return on cash values is driven by unique elements depending on the type of life insurance policy. For whole life insurance , we focus on the dividend interest rate. For universal life insurance policies we focus on the interest rate payable on the policy.

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How to Get a $5 Million Life Insurance Policy: A Complete Guide

RiskQuoter

Learn everything you need to know about securing a $5 million life insurance policy, including underwriting, choosing the right company, and key factors that influence your rates. The post How to Get a $5 Million Life Insurance Policy: A Complete Guide appeared first on RiskQuoter.com.

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Intelligent Underwriting Strategic Business Value for Group, Voluntary Benefits and Worksite Insurers

Majesco

The business value of intelligent, AI-powered underwriting solutions, business processes and operating models is driving operational efficiencies, productivity, and profitability. As reflected in Majesco’s 2022 Strategic Priorities Research , 25-30% of insurers have implemented a digital underwriting workbench.

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What is a Loss History Report?

TGS

Policy Information Details of the insurance policies under which the claims were filed. Insurance companies rely on these reports to assess risk when underwriting a new policy. The most common report is the Comprehensive Loss Underwriting Exchange (C.L.U.E.) Lets make insurance simple.

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Housing Code Violations in Philadelphia: An Interview with Katie Vespia

Distinguished

Brokers also help interpret legal precedents and case law, including issues of negligence, duty to maintain clauses, and the concealment or misrepresentation clauses found in insurance policies. About Katie Vespia Katie is the President of Distinguisheds Real Estate program and started her insurance career with Distinguished in 2007.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Fortunately, the property owner had Ordinance or Law Coverage A as part of their insurance policy, allowing them to receive the full building limit for the loss. Apartment buildings come in all shapes and sizes, so its nearly impossible to give a blanket answer to how much apartment building insurance costs.