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Sixty days for policies expiring between November 1 and May 31 and 90 days for policies expiring between June 1 and October 31. The notice provisions apply to all new insurance contracts after June 11, 2007. Policies that were in existence prior to
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Wouldn't you like to know where your broker or agent get the rates they give you? It's not what you think: they aren't trying to rob you. There are legitimate mathematical techniques to analyze loss and other information used to determine insurance
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Policy Wording Matters discusses coverage issues and solutions cutting across many lines of business. In this issue we discuss the new ISO BOP policy (property and liability); the early flood exclusion cases from Gulf Coast states; notifying
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by Joseph L. Petrelli Demotech, Inc. prides itself on its ability to identify emerging issues and leading edge opportunities. Since our incorporation in 1985, we have been successful in this area. Sometimes we are months ahead of an issue and often
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• CPCUs earn 29 percent more than their peer group (same functional area and time in the industry). • 91 percent of CPCU designees saw an increase in job opportunities. • 85 percent of program completers said earning the designation fast-tracked
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Unfortunately, there is no overall casualty rate listed for a Navy Seal - it varies depending on their operation and/or war.
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BEA's measure of property and casualty insurance services that is included in GDP is an estimate of the value of the services provided by the insurance company to its policyholders. Insurance companies provide financial protection to policyholders
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A taxpayer claims a casualty loss deduction on the tax return for the year in which the casualty occurred. An individual taxpayer claims a casualty loss deduction for personal-use property by reporting the amount of the loss on Form 4684,
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A taxpayer may be able to claim a casualty loss deduction if the payments (including insurance proceeds or payments for damages) the taxpayer receives, or reasonably expects to receive, are less than the taxpayer's adjusted basis in the property.
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A taxpayer may use either an appraisal or the cost to repair or clean up the property to determine the decrease in fair market value of the property after a casualty.
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