Bankruptcy courts may keep insureds from purchasing extended reporting periods. But should that prohibit individual insureds from taking steps to protect themselves?
Continue reading about Tail, tail, wherefore art thou, tail?
Carriers usually restrict the limits they’ll quote based on an insured’s asset size or revenue. However, with defense costs running amok, is this a valid benchmark?
Investment advisors and money managers frequently forego professional liability coverage. Now that some notable funds have imploded, perhaps they’ll see why they need coverage. With luck, they’ll bestir themselves to purchase it.
I have often cautioned my agents about the unfavorable (from the insured’s and broker’s perspective) broadness of an “arising from” exclusion preamble. There are many exclusions for which this wording is unavoidable, but the impact is horrendous. In the case of insureds that have an incidental or vicarious exposure to bodily injury/property damage claims, unauthorized [...]
Continue reading about The Dreaded “Arising From” Exclusion Wording
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