Expert Commentary

Courts and Coverage

Trigger Theories in Homeowners Insurance

Brent Cooper | January 1, 2008

Brent Cooper relates a case showing the difficulty of applying trigger theories in progressive or continuous property damage claims.

Corporate Fraud Prevention

Importance of a Strong Fraud Policy

Scott Langlinais | January 1, 2008

Scott Langlinais advises firms to adopt, reiterate frequently, enforce, and reevaluate their codes of conduct.

Internal Controls

Efficient Samples for Control and Audit

Matthew Leitch | January 1, 2008

Matthew Leitch explains how the logic and calculations required for the Bayes's Rule approach are surprisingly simple, intuitive, and practical.

Environmental

Common Law Exceptions to the 1973 "Owned Property" Exclusion

Richard Scislowski | January 1, 2008

Courts poked so many holes in the exclusion that it hardly excluded anything. Rich Scislowski explains the ISO solutions.

Claims Practices

Required Insurance Training and Continuing Education

Barry Zalma | January 1, 2008

With constant regulation changes, Barry Zalma says best practices mandate yearlong education.

Liability Insurance

Raising the Bar—The Liquor Liability Exclusion in the CGL

Craig Stanovich | January 1, 2008

Craig Stanovich explains why assuming that liability insurance will respond to claims due to the serving or furnishing of alcohol is a mistake.

Personal Lines Insurance

Demystifying Auto Rental Insurance

Mike McCracken | December 8, 2007

IRMI's Mike McCracken examines rental car coverage provided by the personal auto policy (PAP) and compares what some rental companies offer.

Risk Management: Protecting Assets When Home Ownership Is Transferred to a Trust

Jack Hungelmann | December 1, 2007

Jack Hungelmann explains the insurance coverage dangers when a trust owns tangible property, like a residence, and offers a solution.

Enterprise Risk Management

Risk Management's Chief Audit Executive

Mark Layton | December 1, 2007

Mark Layton and Terry Hisey explain that a risk intelligent firm recognizes both rewarded and unrewarded risks, and is savvy about the risks it takes.

Property Insurance

Demystifying Appraisal: Getting through the Process

Jay Levin | December 1, 2007

Jay Levin examines methods appraisers, umpires, and parties use to make the process proceed more smoothly and maximize the likelihood of a fair award.