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Why LIC’s Jeevan Utsav(Plan 871) is More Than Just Life Insurance
Description: ‘Sum Assured on Death’ plus accrued Guaranteed Additions, payable if the policy is in force. In LIC’s Jeevan Utsav Plan 871, the “Sum Assured on Death” is a crucial component of the death benefit. It’s essentially the guaranteed amount paid to the beneficiaries if the insured person passes away. This sum is the higher…
State Farm in court after insurance agent puts wrong information on certificate
It’s insurance policy v insurance certificate when contractor has serious accident Source link
The Four Policies You Need
Homeowner associations (HOAs) play a crucial role in managing the 28.2 million housing units in the U.S. From maintaining shared spaces to enforcing community rules, as an officer or board member with an HOA, your responsibilities come with unique risks that require proper insurance coverage. Without the right policies, HOAs like yours could face financial…
Climate risks rise, but businesses stay focused on short-term challenges: Beazley report
Despite a surge in extreme weather events, only 20% of executives rank climate-related catastrophic risk as a top concern. At the same time, 72% report adopting new risk management procedures in response to severe weather, signalling a reactive rather than proactive approach to climate adaptation. Insurers warn that without stronger risk mitigation strategies, businesses could…
What it takes to build fleet safety culture in a riskier landscape
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Willis introduces $2.5 billion wildfire insurance policy
Developed in collaboration with the Center for Law, Energy and the Environment (CLEE) at the University of California, Berkeley, the policy links wildfire mitigation practices with lower insurance pricing. It will cover 1,345 acres of Tahoe Donner’s forested and recreational land, offering a 39% reduction in premium and an 89% reduction in deductible compared with…