Difference between revisions of "Insurance Definition"

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Disputes between insurers and insureds over the validity of claims or [https://www.cnxklm.com/home.php?mod=space&uid=5841586&do=profile www.cnxklm.com] claims dealing with practices often escalate into litigation . Naturally, the float technique is troublesome to carry out in an economically depressed period. Bear markets do cause insurers to shift away from investments and to toughen up their underwriting standards, so a poor financial system typically means excessive insurance-premiums. This tendency to swing between profitable and unprofitable periods over time is often known[by whom? In the United States, the underwriting lack of property and casualty insurance firms was $142.3 billion within the five years ending 2003.
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