Points not winning any prizes.
Insurers are standing firm on policy points in the face of a hardening market so brokers need to be certain they are clear and accurate in all dealings with insurer and insured.
The insurance market has hardened considerably in the past fewmonths.
This was underway before the US terrorist attacks but these events have
already resulted in increases in premiums and a decrease in capacity in
many classes of business.
As a consequence, there is evidence insurers are starting to rely on
policy points they may have been inclined to forgive even a short time
ago.
When insurers stand firm on policy points and decline to cover claims,
insureds often revisit the advice given by their
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