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Insuring to Value: Meeting a Critical Need

SKU: 4470000B

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Insuring to Value: Meeting a Critical Need analyzes the need for correct valuation when binding and renewing homeowners insurance policies. It explains how valuation methods were improved after the industry focused on the serious undervaluation problem that was highlighted in the late 20th century.

Insuring to Value: Meeting a Critical Need

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Catastrophic loss events in the late 20th century pointed out a grave problem for the insurance industry: there had been massive miscalculations of homeowners’ property values. The issue was spotlighted again early in the 21st century when catastrophes slammed the United States. These events illustrated the critical importance of correct valuation. Without it, premiums are inadequate and settlements insufficient to fulfill the promise to replace with like kind and quality.


Insuring to Value: Meeting a Critical Need analyzes the need for correct valuation when binding and renewing homeowners insurance policies. It explains how valuation methods were improved after the industry focused on the serious undervaluation problem that was highlighted in the late 20th century. The book then demonstrates how state-of-the-art valuation methods are leading to greater opportunities to strategically manage books of business for property insurer stability and policyholder protection.


 

 ISBN
9780872187290
 EISBN
9781938130342
 Page Count
168
 Publication Date
Feb 1, 2007
 Author
Peter Wells and Marshall & Swift