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Similar to a company adjuster, an independent adjuster works on behalf of the insurance company, but unlike company adjusters, they are not employees of the company.
Some state departments of insurance allow insurers to use cat modeling in their rate filings to help determine how much premium their policyholders are charged in catastrophe-prone areas. Insurance rating agencies such as A. M. Best and Standard & Poor's use cat modeling to assess the financial strength of insurers that take on catastrophe risk.
High deductible health plans (HDHPs) have much lower premiums but high deductibles, co insurance and out of pocket maximums. [26] Due to low upfront costs HDHPs are increasing in popularity with employers, with 24% offering some form of HDHP in 2013 (up from 5% in 2007). [ 27 ]
Catastrophic crop insurance (CAT) is a component of the U.S. federal crop insurance program, originally authorized by the Federal Crop Insurance Reform Act of 1994 (P.L. 103- 354). [1] CAT coverage compensates farmers for crop yield losses exceeding 50% of their average historical yield at a payment rate of 55% of the projected season average ...
On July 17, 1981, two overhead walkways in the Hyatt Regency Hotel in Kansas City, Missouri collapsed, killing 114 people and injuring 216. Loaded with partygoers, the concrete and glass platforms crashed onto a tea dance in the lobby. The collapse resulted in billions of dollars of insurance claims, legal investigations, and city government ...
The NWSTC Leadership Academy also offers leadership training to all federal agencies. NWSTC's goal is to teach job-specific and practical skills; integrate systems so the whole, instead of individual parts of the problem, can be recognized; emulate the NWS working field environment; and provide students the ability to work and experiment with ...
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