policy language News

How Policy Silence on Pandemics May Bedevil Insurers on Coronavirus Claims

Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an insurtech that specializes in analyzing insurance policy language suggested recently, explaining that without specific words addressing pandemic risks, insurers might face claims down the road. In …

Holiday Policy Language: Thanksgiving 2019

It’s that time of year again. It’s a time when millions of us will take to the air or to the road and travel to visit with our families and give thanks for all of the blessings that we have. …

Insurance AI Firm RiskGenius Reports Additional Financing

RiskGenius, which provides natural language tools for improving the quality and accuracy of insurance policies, has completed a Series B financing led by Hudson Structured Capital Management. The company said it has also expanded partnerships with insurance carriers Everest Insurance, …

Policy Language Leads to $200K Loss for Insurer in Michigan Lawsuit

A dispute over four words will cost an insurance company about $200,000. A federal appeals court in Michigan has ruled in favor of a man in the Grand Rapids area who suffered serious injuries during a motorbike crash in 2013. …

Agent, Cyber-Educate Yourself — and Your Clients

A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are a big deal …