When asked what insurance does, most people are likely to say that it provides protection against the financial aspects of an unexpected loss. However, the industry’s contribution to the economy goes much further.
CATASTROPHE- Term used for statistical recording purposes to refer to a single incident or a series of closely related incidents causing severe insured property losses totaling more than a given amount, currently $25 million
LINE- Type or kind of insurance, such as personal lines.See Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office: (212) 346-5500; email@example.com NEW YORK, September 18, 2018 — Reporters covering Hurricane Florence’s aftermath are encouraged to contact the Insurance… Read More
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com Michael Barry, Insurance Information Institute (917) 923-8245; firstname.lastname@example.org Hurricane Florence Expected to Cause Widespread Property Damage Storm already impacting millions in the U.… Read More