Top Coverage & Policy Issues Stories
Reservation of rights: Harsh consequences for getting it wrong
By Randy J. ManiloffIf your reservation of rights letter doesn't 'fairly inform' the insured, the penalty for the carrier can be severe.
News and information for property & casualty insurance agents & brokers on coverage and policy issues, including policy analysis related to whether a client’s loss is covered. Coverage questions are answered as to who is liable in the event of a loss, in order to most effectively serve the client when a claim is filed.
If your reservation of rights letter doesn't 'fairly inform' the insured, the penalty for the carrier can be severe.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely property casualty news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.