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Claims—the word that insurance companies dread.
They hear it and automatically think of loss and expense. Nevertheless,
the claims department at Adventist Risk Management, Inc., exists
to assist our clients at the critical time when a claim is made.
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Lessons From the Files
By James Winegardner;
Director, Claims
The following are cautionary tales. Some of them might seem hard
to believe, but unfortunately, they actually happened. Each incident
is taken from our files that closed in the last six months. To
protect the identity of the individuals involved, the names and
locations have been changed.
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Who's Covered?
By James Winegardner;
Director, Claims
Insurance companies provide coverage for almost
anything, but there is one area where they refuse to compensate.
Insurance policies exclude coverage for intentional acts.1
The Employment Practices Liabilities policy states, “This
policy does not apply to the benefit of any individual insured
who personally or intentionally caused the harm alleged to have
arisen out of an insured event.” Why then, does it seem that
we routinely provide coverage for sexual molestation, employee
dishonesty and other intentional acts?
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article
Risky Business Cartoon
By John J. Dougan
"There’s
been a lot of vandalism, theft and arson around the neighborhood
lately. You should see the watchdogs security is delivering tonight!"
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