Manuscript Policies - Legal Considerations-Manuscript Policies

Video Transcription

Video Summary

The webinar on Manuscript Policies and Legal Considerations hosted by the Inland Marine Underwriters Association featured presenters Lillian Coulson and others who discussed various topics related to insurance policies, legal implications, and case studies. They highlighted the importance of understanding manuscript policies, which are custom-tailored to specific risks and often negotiable. The presenters emphasized the role of brokers in policy creation and the need for clear policy wording to avoid ambiguity. They covered topics such as readability requirements, the interpretation of policies based on public policy considerations, and the application of contra profferentum in insurance disputes. They delved into case studies, including disputes over property damage, environmental cleanup, and forum selection clauses. The webinar showcased how courts analyze complex insurance disputes and the importance of understanding policy language and legal implications in insurance matters. Attendees were engaged in polling questions related to the topics discussed and were encouraged to provide feedback through a survey. The session concluded with the announcement of the most engaged attendee and the best question award winner.

Asset Caption

Date of Publication: October 24, 2023
Duration: 77 min

This webinar focuses on legal issues arising from the use of manuscript or ""bespoke"" insurance policies.

The topics covered include regulatory considerations; roles of insured, broker and underwriters; and issues of interpretation. The session includes a number of case studies/lessons learned with reference to recent court decisions.

Meta Tag

Module Inland Marine Insurance Industry

Keywords

Manuscript Policies

Legal Considerations

Insurance Policies

Policy Creation

Clear Policy Wording

Readability Requirements

Public Policy Considerations

Contra Profferentum

Insurance Disputes

Case Studies

Court Analysis