In 2017, I developed a webinar called “Raiders of the Lost Coverage: Insurance Jones and the Temple of Exclusions.” It evolved from an earlier seminar I did with the late John Eubank, CPCU, ARM, called “Horrible Commercial Lines Policy Forms …
Since its official inception in 1971, Insurance Services Office Inc. (ISO) has been the national insurance industry standard setter for policy form language. Many insurers use pure ISO forms, usually along with proprietary endorsements of their own. Even insurers who …
In my September 2023 column, I wrote about wear and tear exclusions in property policies and how these exclusions are sometimes improperly cited to deny claims. Most property policies have a series of exclusions that apply to wear and tear, …
As reported by attorney Randy Maniloff in his Coverage Opinions newsletter, the Illinois Supreme Court has finally addressed coverage for construction defects, joining what is probably a slight majority of legal jurisdictions in finding that faulty or defective workmanship CAN …
I conceive that the great part of the miseries of mankind are brought upon them by false estimates they made of the value of things.” – Benjamin Franklin Last year, I participated in a panel discussion on property undervaluation at …
Yesterday was my son’s 12th birthday but he didn’t spend it unwrapping presents or gorging on ice cream and cake. Most of our evening was spent solemnly observing unspeakable horror and devastation as the events of Sept. 11, 2001, unfolded.” …
“Yesterday was my son’s 12th birthday but he didn’t spend it unwrapping presents or gorging on ice cream and cake. Most of our evening was spent solemnly observing unspeakable horror and devastation as the events of September 11, 2001 unfolded.” …
For many people, the outdoor grilling season is about over. Notice that I said “grilling” season and not “BBQing” season. Being a Southerner, we know that outdoor cooking is known as “grilling,” not “BBQing.” BBQing involves smoking meat and slathering …
For whatever reason, recently I’ve had a slew of questions involving wear and tear exclusions. Perhaps that’s a product of the hard market where claims are sometimes examined more intently, especially with regard to policy exclusions. To paraphrase – torture …
If you’re shopping for insurance online, with apologies to Bob Barker and Drew Carey, the price isn’t right. That is, shopping solely on price for any product or service that isn’t truly a commodity is the wrong approach, and insurance …
