Beware the Skunk!
December 5th, 2011
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For over ten years I have been discussing the “narrowing” of coverage due to the increased pressure from reinsurers and rating agencies for increased profits and decreased loss ratios. One of my key examples has been a broadening definition of “pollution”.
In the past two months I have either been involved in or heard of several claims being denied for “skunk spray”. This is a perfect example of profiteering. A skunk is neither a vermin nor is skunk spray pollution. But, beware… Some have denied altogether and some have denied coverage for contents, EVEN WITH AN HO 15 ENDORSEMENT!
