Last year, rings filed by claimants produced a RCV of $64.8 million. Still a category leader in burglary claims, jewelry costs insurers a pretty penny.
Trained appraisers know that to accurately value a work of art, they must find comparable works in the marketplace. How do certain events help dictate pricing and, by extension, replacement costs?
Many policies preclude payment for claims involving "black market" items. So who's accountable for proving the legitimacy of objectsthe insured or the carrier?
A new generation of consumers delay home buying, prompting insurers to re-examine underwriting and products offerings for a growing base of long-term renters.
Insurers can drive down their claims costs by $36 billion if they embrace technology innovations allowing them to better manage their information assets, says an industry analyst.