True story: The agent convinced the owner of several apartment buildings to purchase a pollution liability policy – because of the age of the buildings and the presence of asbestos and lead. A tenant’s young child ate some of the …
Two weeks ago we posted an article titled, “Are You One of THOSE Agents?” The article centered around some of the strange questions, comments or requests underwriters have received from their agents. Near the end of the article we asked …
Many are unaware that the Academy of Insurance has four “skills tests” available. Of the four, the personal lines skills test has proven to be the most popular. Here is a link to all four tests. From the beginning we …
Most of my insurance career has been on the agency side, but I have also worked on the insurance carrier side. What I learned is that clearly neither side knows what the other side deals with on a daily basis. …
To review prior articles, links are here for Part I, Part II, and Part III. Part IV What the Insured Said Let’s bring this discussion back full circle to discuss what happened. What did the insured actually mean by “We …
Never let it be said that an exclusion would or could be misapplied; but the absolute pollution exclusion likely qualifies as the most misapplied exclusion within the commercial general liability (CGL) policy. Reasons for improper denials by application of the …
Part III AAIS’s Flood Coverage Endorsement “Flood” becomes a covered cause of loss by attachment of AAIS’s Flood Endorsement CO 1223 (The Flood Endorsement specifically designed for the COP XL is endorsement/form number OP 1101. This form applies the same …
In case you missed it (and don’t want to begin in the middle of the conversation), here is the link to Part I. Part II AAIS’s COP and COP XL Coverage Forms AAIS’s COP and COP XL are designed and …
Part I “We’ve had a flood,” says the commercial insured. “Oh, no!” the agent says as he quickly reviews the file documentation to confirm whether flood coverage was even offered. Then the key question is asked, “What happened?” What really …
We gave you the questions on Friday; you have had all weekend to ponder your responses. Here are the answers for which you have been waiting. Good luck, we hope you do well. 1. What country was the first to …
