There are several common types of insurance products that make available for coverage when determining risk. Learn more.
Tune in to this week's episode of The Money Guy Show to learn about the types of insurances you need - and don't need - to keep yourself out of trouble and what you value safe.
Insurance expense and Insurance payable are interrelated; insurance payable exists on a company’s balance sheet only if there is an insurance expense. Property/Liability/Casualty Insurance Property, liability, and casualty insurance is usually sold as a bundle. Obviously, property insurance covers the...
TYPES OF INSURANCE Fire Insurance Fire insurance is commonly understood as property insurance and is used to cover a loss caused by “hostile” fire, but not friendly fire. A “friendly fire” is contained in the intended place, such as a fireplace, furnace or a stove, whereas a hostile ...
Property and Casualty Insurance Underwriters Mostly, all types of Underwriters do the same thing; the difference exists in the level of risk analysis, paperwork, and usage of actuary tools. Let’s understand this with an example. In the case of Car Insurance, the calculation of coverage become...
A 2024 Conning survey found that 77% of insurance industry executives were somewhere in the process of adopting AI. But many property and casualty(P&C) insurers are expected to focus initially on claims operations in their journey to adopt generative AI, according to EY. This preference stems fr...
The most common types of life insurance are term, whole, universal, variable, and final expense. Here’s how each type works and how you can find the right policy for your needs.
Alejandra Nolibos
employers, and businesses against loss of property, damage, or other liabilities. Casualty insurance includes vehicle insurance,liability insurance, and theft insurance. Liability losses are losses that occur as a result of the insured’s interactions with others or their property. ...
Surplus lines insurance falls into the category ofpropertyandcasualtyinsurance. In many cases, it is used to cover relatively new risks that conventional insurers shy away from because they lack historical data to properly price their policies. “After the new coverage has generated sufficient data, ...