Block Policy

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Block Policy

An insurance policy that provides coverage for goods while they are in transit between two locations, while they are being delivered to another party, and while they are present on another's property (such as a warehouse). A block policy is a type of all risks policy; that is, it provides coverage for all losses that may occur while the policy is in effect.
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A new report published in March by InfluenceMap found that the five biggest oil and gas companies--BP, Shell, ExxonMobil, Chevron, and Total--spend almost $200 million a year to delay, shape, or block policies aimed at addressing climate change.
Moreover, the Senate has been ineffective in enabling smaller provinces like Balochistan to block policies or legislations that may impinge upon their rights.
Bennie said the alcohol industry discovered it cannot expect to block policies designed to protect health.
division of Manulife Financial Corporation, will continue to administer the closed block policies, including paying claims and dividends.
John Hancock, the US division of Manulife Financial Corp., will continue to administer the closed block policies, including paying claims and dividends.
“Our jewelers block policies won't cover this service, but TransGuardian will.
Once cast out from the mainstream, closed block policies tend to die a slow death on an archaic, inflexible administrative platform, serviced by a small and shrinking handful of representatives who possess the highly specialized institutional knowledge required to answer even the simplest policyholder question.
He said a No vote would give London-based opponents of the Assembly the "green light" to block policies.
She stands at the shoulders of politicians whose speeches overrun or who use delaying tactics to block policies.
We wrote: "Citizens of the Common Market are finding their lives and livelihoods increasingly controlled by Eurocrats in Brussels, even as national governments find their sovereignty rights sacrificed under such deliberately vague and ambiguous rubrics as 'cooperation,' 'union,' 'integration,' 'convergence,' and 'harmonization.' "We added that the Single European Act then being proposed--and later agreed to--would "soon make it impossible for member states to block policies that go against national interests."
Perhaps because of the high risk of moral hazard or outright fraud through "inside jobs" and because of the often suspicious-looking circumstances of jewelry losses (e.g., a courier stops to tie a shoe and the bag of gems is gone when he looks up), insurers have won a good deal of cases by persuading courts to take a fairly literal view of the requirement found in most jewelers' block policies that requires a gem courier to be "in or upon the vehicle" at the time of any theft from the vehicle.
The largest body of case law discussing the validity of this exclusion has arisen under jewelers block policies, such as Sphere Drake Ins.