"B"est Practices
In Excess
Abbreviations
He Came Out Of Nowhere
Can You Manage It
100

This is committed when an insurance company denies a valid claim on purpose and without a valid reason.

Bad Faith

100

According to the AIG PCC Excess policy, this is the only coverage that follows form.

UM/UIM

100

TPOC

Total Payment Obligation to Claimant

100

This phrase for determining an individual’s negligence is a generally accepted standard for Homeowner liability claims.

Knew or Should Have Known

100

This manager once sat on Bill Cosby’s lap in the green room at the Jerry Lewis telethon.

Susie

200

Marsh and HUB are examples of these.

Brokers

200

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

200

ADR

Alternate (or Alternative) Dispute Resolution

200

This legal rule divides fault in an accident and reduces a person's payout by their share of blame.

Comparative Negligence

200

This manager has run 13 marathons, including both the Boston and Chicago marathons.

Andy

300

When an insured sues an insurance company for coverage reasons, this is often cited as a count in the lawsuit.

Breach of Contract


300

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

300

CTabs

Claims Time and Bordereau System

300

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

300

On their very first airplane ride, this manager skipped the landing and jumped out instead.

Tim

400

These are the legal rules that control how a condominium or condominium community runs.

By-Laws

400

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

400

CRPS

Complex Regional Pain Syndrome

400

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

400

This manager went to, and graduated from, culinary school.

Kristen

500

We are all hoping that PCS will grow theirs.

Business (or Book of Business)

500

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

500

ISC

Initial Strategy Conference

500

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

500

Throughout their life, this manager has played seven different musical instruments on stage.

Keith