long tail liability - Insurance Glossary | IRMI.com

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Short-tail and long-tail business for Chubb Ltd (ACE)

ACE » Topics » Short-tail and long-tail business

This excerpt taken from the ACE 10-K filed Feb 25, 2010.

Short-tail and long-tail business

 

Short-tail business

Short-tail business generally describes product lines for which losses are usually known and paid shortly after the loss actually occurs. This would include, for example, most property, personal accident, aviation hull, and automobile...

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Website: http://www.wikinvest.com

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Tail insurance: Who pays and when do you need it ...

SEE ARCHIVES

Now is the time to dust off those physician employment agreements and professional liability insurance policies, or if you are about to finish residency, now is the time to start thinking about how to negotiate an effective tail insurance provision. This means paying special attention to whether your professional liability insurance policy provides for claims-made or occurrence-based...

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Date: 2017-04-03 08:19:52
Website: http://www.amednews.com

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Office of the Commissioner of Insurance - Guidance Notes

Guideline on Anti-Money Laundering and Counter-Terrorist Financing (GN3) (Issued in January 2012 and revised in July 2012 and March 2015)

Pursuant to section 7 of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap.615) and section 4A of the Insurance Companies Ordinance (Cap.41), the Insurance Authority ("IA") published in the Gazette the...

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Date: 2017-02-27 03:05:20
Website: http://www.oci.gov.hk

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Professional liability insurance - Wikipedia

Professional liability insurance policies are generally set up based on a claims-made basis, meaning that the policy only covers claims made during the policy period. More specifically a typical policy will provide indemnity to the insured against loss arising from any claim or claims made during the policy period by reason of any covered error, omission or negligent act committed in the conduct...

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Date: 2017-03-22 02:07:25
Website: https://en.wikipedia.org

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Nassau Reinsurance Group Holdings Completes Acquisition of ...

Nassau Reinsurance Group Holdings Completes Acquisition of Traditional Insurance Business from Universal American

Business to Operate Under Nassau Re as Constitution Life

$20 Million of New Equity Capital to Support Future Growth

August 03, 2016 04:15 PM Eastern Daylight Time

HARTFORD, Conn. & WHITE PLAINS, N.Y.--( BUSINESS WIRE )--Nassau Reinsurance Group Holdings, L.P. ("Nassau Re") and...

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Website: http://www.businesswire.com

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Examples Of Asset/Liability Management | Investopedia

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What Is Asset/Liability Management?

Although it has evolved over time to reflect changing circumstances in the economy and markets, in its simplest form, asset/liability management entails managing assets and cash inflows to satisfy various obligations. It is a form of risk management , whereby one endeavors to mitigate or hedge the risk of failing to meet these obligations. Success in the...

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Date: 2017-04-03 10:10:19
Website: http://www.investopedia.com

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Occurrence vs. Claims-made Coverage | JUA

Occurrence vs. Claims-made Coverage

There are two types of coverages available in medical professional liability insurance: Claims-made and Occurrence. Your clear understanding of both types of coverage is essential to making a fully informed decision on which type of coverage to buy. Some carriers offer only Claims-made. Others offer both, but may limit access to Occurrence coverage to a few...

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