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.
SALVAGE- Damaged property an insurer takes over to reduce its loss after paying a claim. Insurers receive salvage rights over property on which they have paid claims, such as badly-damaged cars. Insurers that paid claims on cargoes lost at sea now have the right to recover sunken treasures. Salvage charges are the costs associated with recovering that property.
INSTITUTIONAL INVESTOR- An organization such as a bank or insurance company that buys and sells large quantities of securities.See Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212)-536-9837; Kim.Kirchner@coburnww.com New York Press Office: (212) 346-5500; firstname.lastname@example.org NEW YORK, August 15, 2018—Thousands of New Jersey, New York, and Pennsylvania residents and businesses are either recovering from—or dealing with—p… Read More
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com SACRAMENTO, Calif. Read More