Insurers of directors backdating claims face

Abandonment: As used in property insurance, prohibits the insured from abandoning damaged property to the insurance company for repair or disposal Accelerated Benefits Rider: An adjustment (rider) to a life insurance policy that allows for the early payment of some portion of the policy's face amount should the insured suffer from a terminal illness or injury.Accidental Death Benefit Rider: An adjustment (rider) to a life insurance policy that provides for payment of an additional cash benefit when death occurs by accidental means. Accidental Death Insurance: An Insurance poicy that provides payment if the insured's death occurs as a results from an accident.

“Of course, litigation is not always defensive,” he added.

courts, the tide of international disputes is rising – more than one-third of companies said that up to 20 percent of their dockets originate in foreign venues, proof that U. Insurance companies, historically the object of disputes brought by policyholders and class action claimants, had more than five times the average cases pending than the next highest sectors – energy (364), retail (333) and financial services (300).

K.-based companies surveyed by Fulbright reported an average of only 178 cases – 63 in the U. No segment of the American economy was spared a weighty litigation docket more than insurers.

Example: Insured is 45 and it is January, and the insured's birthday is in March.

If the insurance company was calculating age nearest, the insured would be considered age 46 for the purpose of calculating rates.


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