Happenings / Blogs

Understanding Insurance – The Principle of Utmost Good Faith

After the first and most important insurance principle, Insurable Interest, Utmost Good Faith sets the foundation for every agreement between an insurer and client. While this principle is driven by a positive spirit of faith and trust, failure to declare information can lead to fraud, negligence and conflict. Welcome to the second instalment of our series of interviews – Undercover with Jeffrey James Whittaker.

Understanding Insurance – The Principle of Indemnity

At the heart of the insurer’s mission to help clients recover after a loss is the principle of indemnity. While the concept of indemnity is simple, it cannot apply to all types of insurance and can expose insurers to fraud. So, what are the methods, complexities and risks associated with indemnity? All will be explained as we continue our series of interviews – Undercover with Jeffrey James Whittaker.

Understanding Insurance – The Principles of Subrogation and Contribution

Sometimes it’s the insurance company that needs to protect itself from loss. The fourth and fifth principles of insurance are important considerations as insurers indemnify clients, seek salvage and avoid costly conflicts. People & Partners CEO Jeffrey Whittaker explains the principles of subrogation and contribution in the fourth instalment of our series of interviews, Undercover with Jeffrey Whittaker.

Insuring the uninsurable – Nicole Kidman, NASA and the threat of natural disasters

Hollywood stars, sporting heroes, astronauts and miners put their bodies on the line. Sometimes their risks are so extreme that even the insurance industry isn't willing to provide cover.