What is an Insurer?
An Insurer is, “the underwriter or insurance company with whom a contract of insurance is made.” (Black’s Law Dictionary 946. 4th Ed. Rev. 1968). It is important not to confuse the insurer with the insured. The insurer is the party offering insurance, while the insured is the individual who receives insurance (the policyholder). Usually the insurer is an insurance company.
Insurers usually have a pool of policyholders at any given time. Insurers draft policies and agree to terms with policyholders. When a policyholder experiences a loss covered by the policy, they file a claim with the insurer. The insurer reviews the claim and covers the loss if it meets the policy’s terms.
Insurers are subjected to legal obligations. They, like the policyholders, are legally bound by insurance contracts. They are also regulated by government agencies, which serve to make them operate legally and fairly. If an insurer fails to process claims fairly, unreasonably denies claims, or delays payments, it may be acting in bad faith. Policyholders can take legal action against insurers for such practices.
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Pennsylvania Drivers Near Bottom of the List of Safest Drivers
Allstate, the nation’s largest publicly held personal lines insurer, released the results of its 2012 “Allstate America’s Best Drivers Report.” The report ranks America’s 200 largest cities according to car collision frequency in an effort to identify America’s safest drivers.
According to the report, Americans, on average, are in an accident every 10 years. Sioux Falls, South Dakota holds the honor as the city with the safest drivers for the fifth time – the report has been conducted for eight years. Sioux Falls drivers average an accident once every 13.8 years.
Pittsburgh is ranked 168th on the list with drivers averaging an accident every 7.5 years. Philadelphia is just 10 spots from the bottom, at 190, with drivers averaging an accident every 6.1 years. This is 64.1% higher than the national average.
Allstate’s Best Driver’s Report was created to boost the country’s discussion on safe driving. […]
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