Absolute Exclusions are Absolutely Scary
Update: 2024-07-14
Description
Fred Fisher returns to discuss absolute exclusions. Have a copy of your E&O policy ready if you are an insurance agent as you listen to this one! You may want to negotiate new terms and conditions!
Do absolute exclusions negate the traditional maxims of insurance like:
- Reasonable expectation
- Contracts of adhesion
- Coverage should be broad and exclusions narrow
A very insightful discussion that just may change how you view the industry...no matter where you sit!
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