All Risk Insurance

(redirected from Multiperil Insurance)

All Risk Insurance

Marine cargo insurance which covers most perils except strikes, riots, civil unrest, capture, war, seizure, civil war, piracy, loss of market, and inherent vice.

All Risk Insurance

An insurance policy that covers all possible claims not specifically excluded. All risk insurance is found only in property insurance. Homeowners insurance in sometimes all risk insurance. If one's homeowners insurance is an all risk policy and the house burns down, the insurance policy covers it unless the agreement states categorically that it will not cover destruction by fire. All risk insurance is usually quite expensive.

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PIFF's members include many of the state's top writers of private passenger auto and homeowners multiperil insurance. Together, PIFF members write more than $13 billion in premium in the state.

Matiyow Joins Personal Insurance Federation of Florida as VP of Legislative, Regulatory Affairs

Collado proposed a multiperil insurance package which may cover damage to crops caused by biotic and abiotic stresses such as harmful insects and intense sunlight.

Philippines farmers still cannot afford agri insurance

First-quarter net income for Universal Insurance, the third-largest writer of homeowner's multiperil insurance in the Sunshine State, was $9.9 million compared to $13.9 million during the same time last year.

Q1 Profit Down 29% for Fla.'s Universal; Up for Homeowners Choice

The extension also excluded commercial auto, burglary and theft, surety, and farm owners multiperil insurance from its definition of property and casualty insurance.

Chapter 12: miscellaneous commercial property coverage issues

Best, are automobile-physical damage, private-passenger automobile liability and commercial multiperil insurance.

Assessing a market's softer strain: in a softening market, with premium growth slowing and new IRS regulations looming, the domestic captive industry takes stock of itself

* Changes Citizens Property Insurance Corp.'s rates to make it the most competitive homeowners insurer in Florida; opens door to allow Citizens to pick up commercial coverages currently written by the Property Casualty Joint Underwriting Association (subject to state approval); allows Citizens to write multiperil insurance in high-risk areas.

Best's Review's Top News Stories of 2007: events and trends over the past 12 months have set the stage for insurers in the coming year

Today, American States is involved in most types of property/casualty coverage, including auto liability and damage, commercial multiperil insurance, worker compensation and homeowner policies.

Peace of mind

He specializes in Kaye's comprehensive multiperil insurance program especially designed for residential real estate properties.

Who put the co in co-insurance

Safeco Insurance Cos., California's ninth-largest writer of homeowners multiperil insurance, said it estimates pretax catastrophe losses from the wildfires to total about $35 million.

Insurers begin tallying losses from wildfires

The 65% "tipping point" was reached for homeowners multiperil insurance; private-passenger automobile physical damage; private-passenger automobile no-fault; other private-passenger automobile liability; boiler and machinery; and financial guaranty.

Contingency plans: with the supplemental commissions some insurers are paying, agents can tell clients upfront what they will be paid for producing the business

Harrisburg, Pa.-based Penn National boasted an adjusted loss ratio of 58.8 in 2001 for its auto insurance and 50.3 for its homeowners multiperil insurance. The company, the 100th-largest homeowners writer and the 84thlargest auto personal-lines insurer, writes business in six states and offers standard, preferred and preferred advantage--a "super-preferred--programs, said Ralph Leventhal, director of personal lines for the company.

Getting the price right: savvy personal lines writers are slicing the market into segments to price risk more accurately. (Property/Casualty: Pricing)