Understand the concept of a parent company, the oldest company out of a group of insurers, its role, and its importance in the insurance industry.
Learn about the concept of selection in general insurance, including how insurers or underwriters choose which risks to insure.
Discover the role of a contract carrier in property insurance, a company that transports goods for specific merchants rather than the general public. Learn how this impacts your insurance policies.
Discover the key details about Earnings Insurance, a type of business interruption insurance without a coinsurance clause, designed specifically for smaller risks.
Learn about the term 'Field' in general insurance. Discover how it categorizes insurance types like health insurance and refers to regions served by agents.
Explore the concept of speculative risk in the context of general insurance—learn why such risks are not typically insurable and the implications for policyholders.
Gain insight into the Loss Development Factor (LDF) used in Workers Compensation. Learn how LDF helps insurers manage extra funds for late-reported claims and the development of losses.
Learn about asset valuation in the context of general insurance, focusing on how net profit or loss is calculated after deducting insurance and expenses.
Learn about limited partnerships, where two or more individuals manage a business together, focusing on the role and liability of limited partners in the insurance domain.
Understand the concept of Coverage Part in commercial insurance. Learn how it forms part of your commercial contract, either as a separate policy or attached to an existing one.
Explore the historical significance of the Gross Earnings Form in property insurance. Learn how it was used in business interruption coverage and why it has fallen out of favor.
