New U.K. products.Spotting an international trend toward liberalizing gambling laws, Miller Insurance Services is offering a globally available cover to printers and suppliers to the lotteries and promotional games industry. The coverage offers contractual indemnity against claims that arise from negligent negligent adj., adv. careless in not fulfilling responsibility. (See: negligence) acts, errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. . HineSight offers first- and third-party coverage including the cost of additional prizes if a printing error results in the available prize fund having to be extended, refunding the cost of tickets in the event of a cancellation or abandonment of the game and protection from machinery or software breakdown. The product is predominantly underwritten by Lloyd's. Lloyd's insurer Kiln kiln (kĭl, kĭln), furnace for firing pottery and enamels, for making brick, charcoal, lime, and cement, for roasting ores, and for drying various substances (e.g., lumber, chemicals). plc, placing broker Miller Insurance Services and coverholder Lorega Claims & Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Services developed coverage for commercial and high-net worth clients that offers policyholders their own loss adjuster loss adjuster n (INSURANCE) → perito/a m/f or tasador/a m/f de pérdidas loss adjuster n (Insurance) → responsable m/f to represent them in serious insurance claims. The Loss Recovery Insurance product was developed because policyholders typically found themselves without representation in a major insurance loss. "This brings equity to the claims process. Now the policyholder, in exchange for a reasonably priced premium, can be represented by someone who is equal and opposite of the person representing the insurance company. It also is a very good business tool for the broker, as it reduces time spent on claims," said Neil Johnstone, operations manager See datacenter manager. at Lorega, in a statement. |
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