The aim of key person insurance is to compensate for any shortfalls arising from the loss, temporary or permanent, of a particular person.
OPEC quickly announced it would use its spare capacity to compensate for any shortfalls arising from the Prudhoe Bay field shutdown, but additional supplies expected from Saudi Arabia would be of a lower quality than the Alaskan supplies.
As in the United States, much of the revenue shortfall arises simply from the weak economy.
The shortfall arises mainly because only six of the euro-area states have a AAA credit rating.
At that point, the shortfall arising from Albany's failure to pass a new budget would have to be passed on to local taxpayers.
Universities Australia said the shortfall arose because the grant freeze wasn't indexed, meaning the grants' real value falls by 1.5% in 2018.
Depending on the shortfall arising from the new rights sales against what has been promised, this could become an enormous drain on Uefa's funds.
Although the bank remained profitable over nine months, in the third quarter it slumped to a £440m loss because of the £750m provision for PPI and a £600m shortfall arising from losses on sales of businesses in Germany.
From the outset, Duncan set his sights on securing public support – in cash or kind – to make up for a predicted financial shortfall, arising from structural changes in the broadcasting marketplace, which, it was claimed, fundamentally threatened C4's existence as a public service broadcaster.
The Government Accountability Office said the shortfall arose in part from the complexity of acquiring land titles in Haiti, a well-known problem there, as well as the difficulty of working with the Haitian government, which demanded that the homes have flush toilets — despite the country's limited sewage treatment.
