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Insurance Agents' Acts Not Binding on Insurer

Insurance agents are the legal representatives of insurers. However, an insurer is not always bound by an agent's actions. In some instances, the insurer will not be bound by misrepresentations made by the agent to the insured.

International Operations Insurance

As international operations of companies have expanded, the need for insurance products to reduce the risk of such operations has grown. Political risk insurance and trade credit insurance are two such products.

First-Party Insurance

An insured may submit a claim to his insurer to recover under two different categories of insurance. The categories are based on whom the insurer is required to pay. If the insurer is required to pay the insured for his loss, the insurance classification is "first-party" insurance. If the insurer is required to pay a third party on behalf of the insured due to a loss caused by the insured to the third party or the third party's property, the insurance classification is "third-party" insurance. This article addresses first-party insurance only.

Suits by Intended Beneficiaries

Causes of Action

The War Exclusion to the CGL Policy

Standard comprehensive general liability policies insure businesses against liability for personal injury or property damage of third parties. The policies contain a number of exclusions from coverage. Insurance needs and risk planning regarding the eventualities described in the exclusions should take into account that standard CGL policies, though comprehensive, do not cover excluded events.