Monday, January 26, 2009

Fascinating Insurance Industry Question of the Day

If you have a 10 million sublimit on quake, but 50 million in delay cover, if there is a quake loss, would delay be for the full 50?

Answer will be provided by close of business today, EST.

Good luck, nerds!

5 comments:

Some Guy said...

This is obviously a trick question. No one in their right mind would ever have a 10 million sublimit on quake!

Sans Pantaloons said...

Totes!

anne altman said...

ANSWER:

No, it defers cat peril agg, provided all pd and loss of rev is compounded into the cat limit so it's more in line with a loss limit type scenario.

You're welcome.

Just Dave said...

I love it when you talk actuary to me.

love, jenn said...

Domo arigato, Mr. Roboto. And other non-English sounding words. Oh, and I say black. Always bet on black.