(Risk Management) Your neighbor Sam told you that he buys insurance from your best friend Jack who is an appointed agent of his
insurer, the ABC insurance company. Because of his relationship with Jack he is not worried that he will put ABC
interests above his and he believes that Jack's loyalty to him will be much greater than
that to the insurance company. On the other hand, he knows that Jack is a bit forgetful and he
worry that Jack may not get all the information Sam gives him to ABC. He is concerned
that this may lead to a problem if he ever has a loss as the insurer could deny
coverage on the grounds that they didnt know certain crucial facts. What would you
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Oct 14, 2020EXPERT
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