| International Operations Insurance |
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| As international operations of companies have expanded, the need for insurance products to reduce the risk of such operations has grown. Political risk insurance and trade credit insurance are two such products. More... |
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| Tie-in Arrangements |
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| A "tie-in arrangement," also known as "insurance packing," in the insurance industry consists of a lender's extension of credit to a borrower on the condition that the borrower purchase certain insurance, usually from an insurer with close ties to the lender. The premium amounts for the insurance are usually added to the amount of the loan without the borrower's request or knowledge, and he may not find out about the tie-in arrangement until the lender presents the pre-prepared loan documents at the closing of the loan. More... |
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| Airport Owners and Operators Liability Insurance |
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| Aviation insurance includes markets for general aviation, commercial aviation, manufacturers of aircraft and aircraft components, and owners and operators of airports. Airport owner and operator liability insurance policies generally cover damages from injuries at airports or due to airport operations. More... |
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| The Duty of Reinsurers to Follow the Fortune of Cedant Insurers |
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| Most reinsurance contracts by which an insurance company cedes or reinsures a portion of the coverage for policyholders to a reinsurer call for the reinsurer to "follow the fortune" of the insurer. Thus, the reinsurer is expected to pay the reinsured percentage of a claim without questioning how the insurer handled the claim. The follow the fortune doctrine is an extension of the "utmost good faith" that by tradition has governed the relationship of the ceding insurer to the reinsurer. More... |
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| CGL Policy Exclusions |
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| Comprehensive general liability (CGL) policies insure policyholders against losses from being found liable for personal injury or property damage suffered by another person or business. More... |
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