Assess whether product recall exposure is priced or excluded (56098b)

SITUATION Renewal large-loss narratives that contradict the application arrived with a cedent bordereaux that will not reconcile. D&O specialist in a cedent submitting a property treaty with thin bordereaux still has an evidence gap on whether product recall exposure is priced or excluded.

DECISION D&O specialist in a cedent submitting a property treaty with thin bordereaux must choose Product recall exposure is priced, Excluded using renewal large-loss narratives that contradict the application after a cedent bordereaux that will not reconcile. The question on that file is whether product recall exposure is priced or excluded.

HYPOTHESES TO TEST 1. A cedent bordereaux that will not reconcile is noise around an already-controlled Specialty Liability process in a cedent submitting a property treaty with thin bordereaux, given renewal large-loss narratives that contradict the application. 2. A cedent bordereaux that will not reconcile is the event in renewal large-loss narratives that contradict the application that forces Product recall exposure is priced for D&O specialist under Insurance Underwriting. 3. Renewal large-loss narratives that contradict the application shows a one-file miss after a cedent bordereaux that will not reconcile, not a Specialty Liability program failure. 4. Renewal large-loss narratives that contradict the application cannot decide product recall exposure is yet after a cedent bordereaux that will not reconcile; hold is the only Insurance Underwriting close a cedent submitting a property treaty with thin bordereaux can defend.

ANALYSIS REQUIRED 1. Test exposure, limits, and endorsement language in renewal large-loss narratives that contradict the application after a cedent bordereaux that will not reconcile. 2. Flag any accumulation fact renewal large-loss narratives that contradict the application does not price. 3. Compare treaty versus facultative treatment for the risk product recall exposure is names. 4. For this Insurance Underwriting Specialty Liability file, read renewal large-loss narratives that contradict the application against a cedent bordereaux that will not reconcile and write the one fact that would move product recall exposure is for D&O specialist.

RECOMMENDATION Choose Product recall exposure is priced / Excluded on this Insurance Underwriting / Specialty Liability packet (renewal large-loss narratives that contradict the application after a cedent bordereaux that will not reconcile). Lead with the Insurance Underwriting option renewal large-loss narratives that contradict the application can support after a cedent bordereaux that will not reconcile, then the two facts that force it, then the Monday action for D&O specialist in a cedent submitting a property treaty with thin bordereaux.