Despite some challenges to the insurance industry early in the Covid-19 pandemic by business interruption lawsuits, most sectors have remained robust.
As the calendar changes to 2021 one concern is the sustainability of business relationships. With many in the industry still working from home, area insurance leaders said maintaining business built by face-to-face connections is an ongoing challenge.
The above description provides a brief overview of the term and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy or full details about coverage. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.
