From Main Street to Any Street - Wins and Losses Offer Underwriting Insights
Issue: May 2014 | Commercial Umbrella, General Liability, Personal Umbrella, Workers' Compensation | Download PDF | English By Mindy Pollack, Property/Casualty Treaty Product Specialist, Stamford Craig Beardsley, Property/Casualty Senior Underwriter, Stamford Carey Quigley, Property/Casualty Senior Underwriter
We take in a wide range of issues and developments in this Casualty Matters and find a mix of outcomes. In many cases the insurer was presented with unexpected liability or coverage, but in a roughly equal number of cases, the end result was consistent with underwriting intent.
Both wins and losses provide important underwriting input. Knowing about new employer liabilities in Pennsylvania and rental property liability in California might lead to a rethinking of insured exposures and underwriting guidelines. However, when sexual molestation wordings and new exclusions work as insurers intend, that information can also be valuable for fine-tuning policy forms and moving into new areas with confidence.
From office junk faxes, faulty workmanship, data breaches and landlord responsibilities to social hosts, ride sharing, dog bites and even backyard zip lining, we review a variety of items from Main Street to any street that may be relevant to your book of business.
Read this publication by clicking on the articles listed in the Table of Contents.