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In August, Alterra America Insurance, which wrote an excess liability policy for the N.F.L., sued the league in State Supreme Court in New York.
The N.R.A. endorses a policy that offers excess liability coverage — "because accidents do happen no matter how careful you are" — and another that offers "self-defense insurance".
Last month, Lloyd's of London asked a federal judge in Texas to declare that it would not have to cover BP's "excess liability" in cleanup and other costs.
Ms. Salvatore noted another benefit of having both forms of coverage from one company: the ability to purchase $1 million of "umbrella" or "excess liability coverage" for both policies for about $200 or $300 more.
While umbrella or excess liability policies, which everyone of any means should have, cover injuries of the slip-and-fall variety, they don't always cover liability for employment practices.
They have an extra insurance policy, known as umbrella or excess liability coverage, which takes care of their liability for the lawsuits and medical bills of the auto accident victim — or of the teenage guest who dives into the shallow end of the swimming pool or the deliveryman who trips on the front steps.
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Kofuku had excess liabilities of 52.3 billion yen, or $428 million at the time.
Since excess liabilities are calculated by subtracting total financial assets from total liabilities, substantial excess liabilities imply that the industry has carried out large-scale real investments.
Table Y can be represented in matrix terms as follows, where ( varepsilon^{Y} ) means excess liabilities.
In the case of the chaebol, excess liabilities were reduced, while investments in financial assets rose.
In the case of the chaebol, excess liabilities were reduced, while investments in financial assets were increased.
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