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What else can I help you with?
What methods do insurers use to protect themselves from catastrophic loss?
Reinsurance
What is reinsurance and coinsurance?
Reinsurance is a practice where insurance companies transfer a portion of their risk to other insurers to reduce their potential losses and stabilize their finances. It allows primary insurers to take on larger policies while mitigating exposure to catastrophic events. Coinsurance, on the other hand, is an arrangement in which two or more insurers share the coverage of a policyholder's risk, with each insurer covering a specified percentage of the claim. This helps distribute risk among multiple parties, ensuring that no single insurer bears the entire burden of a loss.
What do catastrophic critical marginal and negligible refer to in the risk assessment matrix?
catastrophic - severe risk with potential for major loss of life and/or propertycritical - severe riskmarginal - minor risknegligible - improbable and little chance for loss or injury
How does a family deal with the loss of a child due to bullying?
They will need family counseling to deal with the loss.
What are the main reasons for hair loss in women?
The problem of hair loss is one of the most common problems which loses the thickness and density of hair, and leads to weak hair and loss, so the ampoules of Natural are the ideal way to deal with this problem, and to care for the density of hair and not to fall out, and ampoules carry many benefits and features mnbeauty.net
Do you recommend aggregate stop loss or specific stop loss?
Aggregate Insurance insurers your total annual cost or exposure to self insuring your health insurance. Example if the total annual aggregate is 1 million dollars that means you as the risk taker will not payout more than 1 million dollars for the total cost of all your employees costs. Specific Stop Loss insurance is where it insurers the employer risk taker from total claims one one employee or their dependents. Example you could have a specific stop loss deductible of $100,000 which means if you have you have an employee or its dependent have a total health care costs exceed the $100,000 the insurer will reimburse you. If I had to chose one I would buy a specific stop loss over and aggregate, since it is the catastrophic unpredictable claim that an risk bearing entity cannot budget for. William Dyer hcpnational.com
Why is The peril of war is excluded?
The peril of war is excluded from many insurance policies because it is considered an uninsurable risk due to its unpredictable and catastrophic nature. Insurers typically cannot accurately assess or price the potential losses associated with war, including widespread destruction and loss of life. Additionally, including war-related risks would lead to prohibitively high premiums and could destabilize the insurance market. By excluding this peril, insurers can maintain more stable operations and focus on risks that can be more easily managed and quantified.
What is the first threat to life from a massive third degree burn?
dehydration
What is a catastrophic bleed?
A catastrophic bleed refers to a severe and uncontrolled loss of blood from the body, often resulting from a major trauma, injury, or medical condition. It can be life-threatening if not promptly treated with appropriate medical intervention.
What is the principle of contribution?
The principle of contribution is a legal doctrine in insurance that allows an insurer to seek reimbursement from other insurers for a loss when multiple policies cover the same risk. It ensures that the insured does not receive more than the total loss amount by distributing the financial responsibility among the insurers. This principle is particularly relevant in situations where overlapping coverage exists, encouraging fair compensation without unjust enrichment. Overall, it promotes equity among insurers and maintains the integrity of the insurance system.
Would extreme cold have anything to do with a significant but not catastrophic loss of engine oil while underway?
no, if you are loosing oil you have a leak.
Does testosterone can be problem to hair loss?
does using Testosterone suppliments be a problem for hair loss in men
