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When insurance companies ask their clients the cause of the accident they usually place blame on some environmental factor?
Wiki User
∙ 13y ago
Self-serving bias
Wiki User
∙ 13y ago
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When insurance companies ask their clients the casue of the accident they usually place blame on some environmental factor this behavior illustrates what concept?
Self-serving bias
When insurance companies ask their clients the cause of the accident they usually place blame on some environmental factor This behavior illustrates what concept?
The attribution of an occurrence to environmental factors, outside of the control of the insured, is generally referred to as an Act of God.
Are there many companies like Diamond Insurance that focus their business on female clients?
No, there are not many companies like Diamond insurance that focus their business on female clients. Diamond Insurance is a very unique company with very unique priorities.
What are the best insurance companies in terms of number of clients in the UK?
There are a number of very large UK insurance companies. Some of the biggest in terms of clients are 'Legal & General', 'Aviva', 'Prudential', 'Standard Life' and 'Old Mutual'.
Why is Progressive insurance better than its competitors?
Sorry to provide a negative answer, but Progressive insurance is not better than its competitors. Insurance companies have to be fair to their clients. Progressive has a lot of litigation against it for unfair business practices with its clients.
What is the defining feature of mutual insurance companies?
mutual insurance companies, in contrast to stock corporations, differs from most national and regional firms since mutual insurance's clients own a part of the company.
Which car insurance companies specialize in insurance for those under 25?
None of the major insurance companies specialize in high risk groups (i.e. those under 25). There are lesser known companies, like the General, that do focus on younger clients.
Do you pay car insurance per month?
Most insurance companies will allow clients to pay their insurance premiums monthly, quarterly, semi-annually, or annually.
Why is it important for insurance companies to understand clients needs?
This is necessary to increase clientale base. The insurance companies introduce new policies based on clients needs, after carrying out surverys about their choices, financial capabilities etc. Especially to remain in the market against stiff competetive scenario, understanding clients' needs and act accordingly is of paramount importance.
Where do insurance companies go for records of applications for life insurance from other companies?
The M.I.B. (Medical Information Bureau) is a database where all insurers report the records found during the application underwriting for their clients. That's where they find information reported by other insurance companies as well.
What services does BJK provide?
BJK are insurance brokers. They assist and guide clients through the process of claiming compensation from insurances. Instead of directly talking to their insurance, clients use BJK's knowledge and experience to negotiate claims with the insurance companies to assure an optimal result.
What can you learn about financial accounting?
In terms of insurance companies, financial accounting helps monitor and determine the insurance status of their clients and manage their financial data that the current insurance company has on about their client.
