hammer clause n.— «Many insurance policies have what is known as a “hammer” clause, meaning that the insurer can force the insured to accept a settlement of the claim, unless the insured is willing to forego coverage or accept...
twisting n.— «This would be like canceling a life insurance policy that you have been paying premiums on for 70 years and exchanging it for a brand-new policy. An insurance agent or broker who persuades you to make this switch is guilty...
risk pool n.— «High-risk health insurance plans, also known as risk pools, are state-funded plans and are an important safety net for individuals who are denied health insurance because of a medical condition.» —“Health Insurance for...
swoop and squat v. phr.— «Authorities are taking aim at “swoop and squat” accident scams They call it the “swoop and squat.” A driver pulls in front of another vehicle and slams on the brakes, deliberately causing...
steal-me flag n.— «Since the blue insurance label is a “steal me” flag…you’ll want to take steps to defeat the common scams. Postal crooks like to steal mail by placing their own address label over yours.» —“Re:...
baulk v.— «The guys in the Cadillac were known to him as serial baulkers (as in baulking insurance companies), and they earned a living—sort of—by ploughing their battering-ram Cadi into the soft areas of cars being used by wholly legal...