Insurance News

  • What May and May Not Be Resolved Through Appraisal or Arbitration in Florida?
    by Christina Potter on January 20, 2021 at 11:00 am

    Property insurance policies have long-contained appraisal and arbitration provisions.1 Although both avenues offer insureds the ability to resolve their claims through extrajudicial means, each has clear distinctions and similarities. In certain circumstances, some issues may only be resolved through a trial court. Appraisal and Arbitration differ in terms of formality and procedure.2 Appraisal is an… Continue Reading

  • Carriers should flex their financial muscle to boost sustainability
    by Jean-François Gasc on January 20, 2021 at 10:04 am

    With assets under management of around €10 trillion, insurers in Europe have plenty of financial clout to drive changes that will promote sustainability earn them more trust among customers.    Europe’s big insurers enter 2021 with a major opportunity to strengthen their commitment to sustainability.   By carefully deploying their extensive financial assets and real estate portfolios they can substantially increase their support for environmental, social and… Carriers should flex their financial muscle to boost sustainability

  • 3 Underwriting Predictions for 2021 and Beyond
    by Shay Alon on January 20, 2021 at 9:58 am

    While 2020 proved to be a year that changed the way we live and work, our predictions for 2020 nevertheless proved to be remarkably accurate. As we forecasted, life insurers that modernized their core new business and policy administration systems accelerated their digital transformations. Their new digital capabilities, including the cloud, analytics, automation, and ecosystems,… 3 Underwriting Predictions for 2021 and Beyond

  • 20 Unfair Claim Practices For Your Adjuster To Avoid
    by Michael B. Stack on January 19, 2021 at 2:30 pm

    The workers’ compensation adjuster, who is often dealing with attorneys out to maximize the cost of the workers’ comp claim, or with employee claimants who are attempting to commit fraud, may be tempted to fight fire with fire. The adjuster should always handle the claim in an ethical manner.  If an adjuster is doing any … The post 20 Unfair Claim Practices For Your Adjuster To Avoid appeared first on Amaxx Workers Comp Blog.

  • Functional Replacement Cost – When Will You Encounter It and What To Be On the Lookout For
    by Mark Dillman on January 19, 2021 at 11:00 am

    In unique situations, actual cash value (“ACV”) or replacement cost (“RC”) coverage may not be the best match to meet a property owner’s needs, or even be available. Policies that provide functional replacement cost (“FRC”) valuation, or endorsements that do so, offer an alternative. This valuation method is most commonly used to insure older structures… Continue Reading