"B"est Practices
This is committed when an insurance company denies a valid claim on purpose and without a valid reason.
Bad Faith
According to the AIG PCC Excess policy, this is the only coverage that follows form.
UM/UIM
TPOC
Total Payment Obligation to Claimant
This phrase for determining an individual’s negligence is a generally accepted standard for Homeowner liability claims.
Knew or Should Have Known
This manager once sat on Bill Cosby’s lap in the green room at the Jerry Lewis telethon.
Susie
Marsh and HUB are examples of these.
Brokers
According to the AIG PCC Excess Policy’s Insuring Agreement, we will pay damages an insured person is legally obligated to pay because of personal injury or property damage caused by an occurrence, covered by the policy, here.
Anywhere In The World
ADR
Alternate (or Alternative) Dispute Resolution
This legal rule divides fault in an accident and reduces a person's payout by their share of blame.
Comparative Negligence
This manager has run 13 marathons, including both the Boston and Chicago marathons.
Andy
When an insured sues an insurance company for coverage reasons, this is often cited as a count in the lawsuit.
Breach of Contract
In the AIG PCC Excess policy, Defamation, Libel, Slander, Invasion of Privacy, Malicious Prosecution, Shock, Emotional Distress, Mental Injury, and Bodily Injury are all included in this definition.
Personal Injury
CTabs
Claims Time and Bordereau System
An injured person can demand 100% of their damages from any single party who holds at least 1% liability based on this rule.
Joint and Several
On their very first airplane ride, this manager skipped the landing and jumped out instead.
Tim
These are the legal rules that control how a condominium or condominium community runs.
By-Laws
The name of this “Additional Coverage” allows an insured 365 days to advise PCS of the existence of a purchased vehicle.
Newly Acquired Auto Coverage
CRPS
Complex Regional Pain Syndrome
This person gives testimony in a legal case while holding a personal interest or relationship that makes them favor one side over the other.
Biased Witness
This manager went to, and graduated from, culinary school.
Kristen
We are all hoping that PCS will grow theirs.
Business (or Book of Business)
According to the AIG PCC Excess declarations page, an insured must maintain either of these TWO underlying Auto liability coverage limits.
250/500 or 300CSL
ISC
Initial Strategy Conference
This Homeowner-specific liability coverage, whose nickname is not cited in the policy, is sometimes used to compensate a claimant when an insured is NOT at fault.
Good Neighbor
Throughout their life, this manager has played seven different musical instruments on stage.
Keith