Loss Apportionment

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October 16, 2023 5 min read Definitions

Limit of Liability Rule in Property Insurance: Understanding Apportionment of Loss

Insurance Risk Management Property Insurance Insurance Property Insurance Limit of Liability Risk Management Loss Apportionment Multiple Insurers

Discover how the limit of liability rule in property insurance helps apportion loss among multiple insurers covering the same property, ensuring fair and equitable distribution.

October 4, 2023 5 min read Definitions

Cromie Rule in Property Insurance: Apportioning Loss with Nonidentical Coverage

Finance Insurance Risk Management Property Insurance Cromie Rule Loss Apportionment Insurance Claims Risk Management

Learn about the Cromie Rule, a crucial technique in property insurance for apportioning loss when policies have nonidentical coverage. Understand its significance and application in the insurance industry.