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But why is there a cap on losses?
Finite Reinsurance policies are sold to insurance companies in order to help them put a cap on losses that might occur.
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a cap on loss of earnings compensation for employees who are unfairly dismissed.
Screw the cap on securely.
The goal with this system is to put a cap on your losses.
Insurers would have been left without any cap on potentially devastating losses from a future terrorist attack.
The government announced last Monday that it would introduce a taxpayer-backed insurance scheme, allowing the banks to cap their losses on so-called "toxic" assets, if the loans go sour.
Likely elements of the new tax package include a cap on the amount of losses that can be claimed through negative gearing – a policy that has for some time been opposed by some on the backbench because it would by definition hit existing investors.
As you were wrapping those last presents, Geithner's Treasury Department lifted the 400-billion dollar cap on taxpayer responsibility for potential losses for Fannie Mae and Freddie Mac.
While blasting Labor's policy to restrict negative gearing concessions to new housing investments from mid-2017, the government is leaving its options open on capping the losses that investors can currently claim.
However, little evidence exists regarding the extent to which a change in the medical malpractice environment, such as the implementation of a cap on noneconomic damage levels, might influence losses in the private health insurance market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com