Jump to ratings and reviews
Rate this book

How insurance works: An introduction to property and liability insurance

Rate this book
Libro usado en buenas condiciones, por su antiguedad podria contener señales normales de uso

235 pages, Paperback

First published January 1, 1994

Loading...
Loading...

About the author

Barry D. Smith

32 books5 followers

Ratings & Reviews

What do you think?
Rate this book

Friends & Following

Create a free account to discover what your friends think of this book!

Community Reviews

5 stars
1 (14%)
4 stars
1 (14%)
3 stars
3 (42%)
2 stars
1 (14%)
1 star
1 (14%)
Displaying 1 of 1 review
Profile Image for sologdin.
1,880 reviews926 followers
March 23, 2015
Something of an Insurance for Dummies, very basic, fit for adjusters-in-training at university.

Very much pro-insurance, anti-litigation--not surprising, as it's written by the American Institute for Chartered Property Casualty Underwriters, Insurance Institute of America.

Not obviously written by an attorney or even someone who consulted with an attorney, as legal matters are undeveloped, misleadingly presented, or manifestly erroneous.

Opens with a comical introduction, including a discussion of "How does insurance help society?"--listing out dubious items in support of the industry.

Neglects to mention the general nastiness of adjusters, the obstinacy of subrogation departments, the vigor with which exclusions are asserted, the formula denials, the trite reliance on fraud defenses in virtually all claims, the inconsistency of policy summaries with policy terms, and the universal redundancy of the industry as a whole.
Displaying 1 of 1 review