Insurance Claims Expert Witness On Insurance & Risk Management Terms

Insurance claims expert witness Tommy R. Michaels offers a glossary of Insurance and Risk Management Terms on his website. For example:

Abandonment A clause in property insurance policies prohibiting the insured from abandoning damaged property to the insurer for repair or disposal. Arranging for repair or disposal is the insured’s responsibility, unless the insurer elects otherwise.

Aabatement The act or process of diminishing the presence of a pollutant (e.g., asbestos or lead) in either degree or intensity.