There are many different reasons a carrier might turn you down, some of which have to do with you and some with the home itself. High-risk location If your house is in an area plagued by tornadoes or wildfires, a carrier may consider it too great a risk to insure. The same may be ...
With CoreLogic’s initial estimates of fire damage at $35 to $45 billion in mid-January, the gap between available FAIR Plan resources and estimated damages is exceedingly significant. Surplus or excess lines carrier In addition to the California FAIR Plan, residents may be able to obtain ...
The value of such a capacitor, essentially it’s “spring constant” for the mechanically–minded, is approximated by the formula in Figure 1 when the separation distance between the plates is small relative to their area. It should be noted however, that mechanical spring constants and capacitor...
Demurrage charges are, in essence, a method of ensuring vessels are unloaded and cargo is collected from the port for onward travel—either by the ocean carrier or truckers for overland travel—within a set time frame. As this responsibility falls on the shipper or consignee, they generally be...
What is a Non-Admitted Insurance Carrier? A non-admitted insurance carrier has not been licensed and is not regulated by the state’s department of insurance. Instead, these carriers, also known as excess and surplus insurance carriers or surplus lines insurance carriers, are regulated by t...
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An admitted insurance company is one that is licensed and authorized by the state insurance department to conduct business within that state. On the other hand, a non-admitted insurance company, also known as surplus lines insurers, operates outside of state regulations and is not required to fo...
focuses on the processes of the platformisation of urban life (Strüver & Bauriedl,2022), and explores the idea of platform urbanism as a “beyond” of the smart city (Caprotti et al.,2022). I first present some lines of research for investigating visions and projects of urban future. ...
Non-admitted carriers are usually referred to as "surplus lines" or "excess lines insurers." Purchasing insurance from a non-admitted carrier may seem riskier, but non-admitted status is just one way to gauge financial reliability. Case in point: insurance companies receive financial strength ratin...
a strong technology team for implementation and professional services. The true value of these partnerships is actually realizing the benefits in the carrier’s business. Carriers sometimes need help making that happen. I’m not sure that all InsurTechs were (previously) focused on a smooth, fast...