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underwriter
underwriter, an insurer of ships and cargoes from loss and damage, the name coming from the insurer writing his name under the policy of insurance. The request for insurance is termed the offering of a ‘risk’, and in marine insurance the word risk is equivalent to the liability of the... Read more |
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Health insurance industry
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Reinsurance
REINSURANCE The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. A reinsurance... Read more |
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insurance
insurance or assurance, device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums. Payment for an individual loss, divided among many, does... Read more |
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no-fault insurance
no-fault insurance type of indemnity plan, usually applied to automobile coverage, in which those injured in an accident receive direct payment from the company with which they themselves are insured. Originated (1947) in Saskatchewan, Canada, no-fault insurance eliminates the need for accident... Read more |
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Employment practices liability insurance
Employment Practices Liability Insurance Employment practices liability (EPL) insurance is a type of coverage that protects businesses from the financial consequences associated with a variety of employment-related lawsuits. EPL may cover lawsuits involving a company's directors and officers,... Read more |
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Actuary
ACTUARY A statistician who computes insurance and pension rates and premiums on the basis of the experience of people sharing similar age and health characteristics. The profession also includes statisticians who provide expert data analysis on risk assessment and risk management for the... Read more |
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Adjuster
ADJUSTER A person appointed or employed to settle or arrange matters that are in dispute; one who determines the amount to be paid on a claim. An insurance adjuster determines the extent of the insurance company's liability when a claim is submitted. A public adjuster is a self-employed person... Read more |
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Unitrin Inc
Unitrin Inc. One East Wacker DriveChicago, Illinois 60601U.S.A.Telephone: (312) 661-4600Fax: (312) 494-6995Web site: http://www.unitrin.com Public CompanyIncorporated: 1990Employees: 8,400Operating Revenues: $3.04 billion (2004)Stock Exchanges: New YorkTicker Symbol: UTRNAIC: 524113 Direct Life... Read more |
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UNUM Corp
UNUM Corp. 2211 Congress StreetPortland, Maine 04122U.S.A.(207) 770-2211Fax: (207) 770-4387 Public Company Founded: 1985Employees: 5,760Total Assets: $13.13 billionStock Exchanges: New YorkSICs: 6311 Life Insurance; 6321 Accident & Health Insurance; 6719 Holding Companies Not Elsewhere... Read more |
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