The beach replacement sub-limit has special relevance in the Policies contracted by beachfront hotel resorts. The correct calculation of the volumes of sand displaced by the strength of the waves during the passage of Storms and Hurricanes represents an opportunity to comply with the Indemnity Principle whilst at the same time guaranteeing the satisfaction of the Insureds. The key to achieving both lies in technology and expertise.
LEARN MOREAnirood was happily pursuing a career in supply chain management when he became aware that his qualifications and technical knowledge were in demand in the loss adjusting sector.
LEARN MOREUnderinsurance is not exactly a new phenomenon in Latin America. Many countries have long suffered high inflation and the consequent risk of claims settlements being reduced due to underinsurance. So, why was there such a lively debate when 70 insurance executives came together for the Advanta/LEA Breakfast Forum during the 2023 Miami (Re)Insurance Week?
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