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What is the "Extra" E and why may it be the most important "E" for "The Six E's" for business interruption insurance? | Property Insurance Coverage Right Blog

"Extra" is the E that largely stands for the concept of accelerating costs incurred to reduce the final loss. "These are unusual expenses." 1 They differ from the normal expenses for repairing and replacing damaged property covered by the property insurance policy. These accelerating costs are usually classified into three categories: Those who speed up the return to normal operation; …

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Triple-I Blog | Based on gas consumption, we are almost back to running at the pre-pandemic / recession level

By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute U.S. The Energy Information Administration (EIA) publishes comprehensive data on petroleum production, refining and deliveries to users, with some data provided weekly. Gasoline delivered to retailers is not exactly the same as gasoline consumed but it is close. And gasoline that is consumed is not exactly the same as miles driven …

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How life insurance companies can unlock value and release growth

Despite the insurance industry's high vulnerability to disruptions and its challenge to remain relevant to a new generation of potential customers, here at Accenture we remain optimistic. Why? Because we are at an important time. Technological advances, which are coming at a rapid rate, are changing the way we deliver value. They redefine the value … from the customer's perspective. …

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A video explaining how to negotiate the regulation of a liability

See the entire video at https://youtu.be/WSYTbMC_uTE Chapter19659002 ?? When the adjuster determines that coverage exists, that the insured is probably responsible for causing bodily injury or material damage to a third person, the adjuster must negotiate a settlement with the applicant or his or her lawyer. Just like the complainant's lawyer in a case of personal injury, the insurance adjuster …

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How to plan a road trip vacation

Due to the COVID-19 pandemic, the summer vacation will probably look a little different this year. For many families, it may mean skipping the airport and uploading the car for a family trip instead. If you are planning a trip this summer, some advanced planning can go a long way toward making your vacation safe and fun for everyone. (Having …

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40 Road Trip Games and Activities

In response to the COVID-19 pandemic, holiday travel certainly looks different than usual. In the name of social distancing, it may mean shopping with a packed flight cabin for the adventure of a summer road trip. (This is another reason to check your car insurance if it's been awhile.) Of course, the biggest sacrifice in traveling by car is the …

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Why do kittens bite? The cat owner's questions answered

Your kitten can use different ways of expressing herself. As they navigate in their new environment, they can also start biting or scratching. Some kittens may choose to bite and scratch furniture, objects and people. You may think you're asking, but, "Why do kittens bite?" In fact, your kitten may bite for several reasons. We sat down with Trupanion veterinarian, …

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Triple-I Blog | Mangroves and reefs: insurance can help protect our protectors

Hurricanes and storm-related floods are responsible for the majority of disaster damage in the United States and account for an annual financial loss of about $ 54 billion, according to the Congressional Budget Office (CBO). These losses have increased, largely due to increased coastal development. More, bigger homes, more valuables within them, more cars and infrastructure – all this can …

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Counteract interference with these key actions

It is time for insurance companies to take bold measures with long-term effects and resilience in mind. As I mentioned in earlier posts in this series, the insurance industry is facing increasing levels of disruption – according to the Accenture Disruptability Index, the industry is in the volatility period. Insurance companies are also constantly meeting customer expectations, such as a …

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Insurance fraud is often a crime of violence

There is a myth that is consistent with the US criminal and civil courts that insurance fraud is a non-violent crime. Abdullah Alkhalidi ("Alkhalidi") was convicted of murder, robbery and theft. The Indiana state court denied relief and held Alkhalidi's innocence claim strongly pointed out that he would not have accepted the plea. The state court also considered that Indiana …

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