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After a rash of bombings in the early 1990s, such global reinsurers (which insure insurance companies for extraordinary claims and bear most of the financial loss) as Munich Re and Swiss Re refused to fully cover the terrorist risk to commercial property.
After a rash of bombings in the early 1990s, global reinsurers (which insure insurance firms for extraordinary claims and bear most of the financial loss) like Munich Re and Swiss Re refused to fully cover the terrorist risk to commercial property.
Administration officials said the proposal was intended to remedy the problem that the world's major reinsurance companies -- which insure the insurers -- have announced their intentions to exclude any coverage for future terrorist attacks, beginning in January.
We do not address the specific rules of construction under New York law, since New York refuses on public policy grounds to enforce insurance contracts which insure against liability for punitive damages.
In other words, someone who insured such bonds against default would have, on average, made money (conventional insurance companies, which insure against fire or theft, have not always done so well).The third quirk of credit derivatives is that they allow corporate bonds to be sliced and diced on the basis of risk.
They also plan to develop new programs and increase coordination with private insurers and state governments, which insure millions of the nation's poorest residents through their Medicaid programs.
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There's term insurance, which insures you for a certain term of time.
It was developed in cooperation with the Bertelsmann Foundation and a major German health insurance company, BARMER GEK, which insures 8.6 million people – about 10% of the German population.
We found very few insurance companies willing to insure it, including the companies which insured our own homes.
One of the most richly funded insurance startups over the past few years is Metromile, which insures based on how much customers drive.
The Credittee is expectedefaultte on the bill next week.
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