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Casualty insurance is a defined term [1] which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for negligent acts or omissions. [ 2 ]
a claim in respect of any one casualty where the aggregate claim against all insurers exceeds $500,000 or the equivalent in any other currency prior to adjustment for any franchise or deductible under the terms of the policy, shall, subject to the prior written consent of the Assignee, be paid to the Owner as and when [the vessel] (the "Vessel ...
A casualty loss is a type of tax loss that is a sudden, unexpected, or unusual event. [1] Damage or loss resulting from progressive deterioration of property through ...
Casualty, disaster and theft loss: If your property incurred any damages related to federally declared disasters like an earthquake or flood, and your insurance claim was denied, you may be able ...
Claims and loss handling is the materialized utility of insurance; it is the actual "product" paid for. Claims may be filed by insureds directly with the insurer or through brokers or agents. The insurer may require that the claim be filed on its own proprietary forms, or may accept claims on a standard industry form, such as those produced by ...
"As The Hartford executes on its strategy to focus on its historical strengths as a property and casualty insurer and group benefits provider, outstanding claims management is a key differentiator ...
For insurance, the loss ratio is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. [1] For example, if an insurance company pays $60 in claims for every $100 in collected premiums, then its loss ratio is 60% with a profit ratio/gross margin of 40% or $40.
Accenture's Property & Casualty Insurance Claims Software Receives Industry Awards for Functionality and Service NEW YORK--(BUSINESS WIRE)-- Accenture's (NYS: ACN) property and casualty (P&C ...