This book details key property and casualty concepts rarely discussed or found in print; rather they are often left to be "discovered" over time. These important concepts are now written down for all insurance practitioners to easily access. Examples of the topics and concepts found in this book include rules for reading ANY insurance policy; why losses are excluded; contractual risk transfer; legal liability theories; "COPE" details; and the proper explanation of coinsurance concepts. Also included is a rather extensive glossary of insurance and insurance-related terms.Readers will gain a deeper understanding of insurance theories, be better prepared to explain insurance concepts to their clients, and develop a greater appreciation and understanding of the claims valuation process.
Well written. Impressive holistic summary that gives the reader a great intro or refresher of the core subject matter. Good for distribution, underwriting, and claims. Actuarial and finance with interest in the business of eligibility, selection, and coverage will also appreciate this text. Highly recommend.