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Insurance is contract law, so why do we often base our answers upon rumor and legend rather than on specific language? Break this nasty habit. Say, "Before I go any further, let me check the form language on that."

Insurance is contract law, so why do we often base our answers upon rumor and legend rather than on specific language? Break this nasty habit. Say, "Before I go any further, let me check the form language on that."

A deadly winter storm that drove parts of the United States into a deep freeze over the weekend kept a tight grip on the nation on Monday, as bitter temperatures, snow and ice spread across the East Coast, snarling traffic and knocking out power to thousands.

Commercial insurance prices increased by 5% in aggregate in 2013s third quarter, says Towers Watson, but the risk consultant forecasts the hardening trend will taper.

Enhanced version helps insurers become more compliant with rating agency and ORSA requirements while measuring inflationary trends and their impact on profits.

The factors are in place for a soft-market pricing cycle, but rates have been trending upward. ALIRT Insurance Research examines the market conditions that have kept rates up and asks how long insurers can justify the increases.