A hazard associated with the peril of death, or disability, arising from aviation operations (other than commercial aircraft exposures). Coverage may be limited in life and health policies by exclusion, or may be subject to additional premiums.
The term Bad Faith describes blatantly unfair conduct exceeding mere negligence by an insurance company. Example – A bad faith claim may arise if an auto liability insurer arbitrarily refuses to settle a claim that is within policy limits. Bad faith damages,...
Inland marine coverage on property entrusted to the insured for storage, repair, or servicing. Bailee Coverage Insurance is typically purchased by businesses such as dry cleaners, jewelers, etc.
The rating system developed by and published annually by A.M. Best Company. The rating provided indicates the financial condition of insurers. The ratings resemble grades on a report card ranging from A++ (Superior) through C+ (Marginal) and all the way down to D...
