Burnham's Insurance Dictionary

>> Friday, June 26, 2009

Many of my readers are insurance people - even though most of my posts are geared to insurance buyers... This one is for the insurance pro. Ray Burnham has just come out with a 900 page, $295 insurance dictionary. It is clear he has worked on this for years. It is an amazing work. Every insurance professional should have a copy of this book in the office. There are 20 different definitions of "coinsurance!" "Occurrence" has 7 different definitions. You'll find definitions for such little used terms as "inchmaree clause," and "use and occupancy." When an old-timer talks about a "daily," you can find it in Ray's dictionary rather than having to ask someone. Useful terms for current usage too. Do you know what a Cyberdog is? Well done Ray.

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Scott Simmonds fixes broken insurance, uncertain coverage, and painful premiums. He consults on, but never sells, insurance.

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