Insurance 101
All Things JGS
Insurance Technicalities
Claims & Risk Control
Jellybeans
100
Frequency breeds _____
Severity
100
Risk purchasing group providing umbrella and other coverage to community associations
PPP
100
An insurance company not licensed to do business in a certain state
Non-admitted Markets
100
Erik or Eric
Eric
100
Eat _______ first!
Dessert
200
Did/should =
Coinsurance Penalty
200
Andre
200
Without this Individual directors and officers can be personally exposed to legal expenses, judgements, and settlements
Directors & Officers Side A
200
Name and Title of Head Honcho Commercial Claims
Kristi “Pee-tris” Petras and Claims Supervisor
200
California Executive order on workers comp benefits applies to __________ workers
All
300
Time when physical damage occurs and ends at the time the damaged property is repaired, rebuilt, or placed
Period of Restoration
300
Bye-bye Lucille, Hellooo _______
Megan Gigliotti
300
OH, WA, WY, ____
ND
300
Awards in the hundreds of millions
Social Inflation or Nuclear Verdicts
300
POTUS mentioned this national park in his announcement of the Great American Outdoors Act
Yo Semite
400
Paid + Reserves =
Total Incurred
400
Who did this pet belong to?
Lisa
400
These are some of the ______Workers Compensation, Liquor Liability, Intended or Expected, Contractual Liability, Employer’s Liability, Pollution
CGL Exclusions
400
Lump sum full & final payment with no admission of liability
NJ Section 20 Settlement
400
This is a favorite hobby of our very friendly Mr. Mike Chrystal
Jiu Jitsu
500
Premium adjusted according to loss experience
Retrospective Plan
500
Villanova Alum
Vinnie Hager
500
Obligates insurers of various interest to share in the losses incurred voluntarily to save the voyage from complete destruction
General Average Clause
500
The process to discover the underlying or systematic cause of an incident
Root Cause Analysis
500
Celebrating the birth of
Talia Rose