Reference no: EM133299934

Question

Underwriters do not work in a vacuum. There are several relationships that underwriters need to maintain and nurture in the course of their profession. Consider this scenario: an underwriter binds a new policy and schedules an inspection for the property. Six months after the inspection, there is a claim reported on the policy. Discuss the significance of the underwriter's relationship with the broker, the claims department, and the loss control department as it pertains to this scenario, as follows: a) How might the underwriter's relationship with the broker have affected the binding/issuing of the policy? b) How might the underwriter's relationship with the loss control department have affected the inspection process? c) How might the underwriter's relationship with the claims department have affected the review of the claim?