Workers' Compensation Catastrophe Cover
- Workers' Compensation Catastrophe Cover
- A type of loss reinsurance that is purchased by insurers of workers' compensation to protect against losses that result from a single catastrophic event or a series of events involving multiple workers. Workers' compensation catastrophe coverage is used to limit costs when a catastrophic event results in multiple claims. Workers' compensation is a type of insurance that provides medical benefits and wage replacement for employees who are injured while on the job. Benefits may be available to the spouse and dependents of employees who are killed while at work.
Workers' compensation catastrophe cover is reinsurance that responds to disaster or multi-claimant loss. The insurance industry was forced to evaluate and make improvements to this type of coverage following the catastrophic events of September 11, 2001. Rates for this type of reinsurance have become multiples of pre-September 11 levels.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
environment — environmental, adj. environmentally, adv. /en vuy reuhn meuhnt, vuy euhrn /, n. 1. the aggregate of surrounding things, conditions, or influences; surroundings; milieu. 2. Ecol. the air, water, minerals, organisms, and all other external factors… … Universalium
Ukraine — /yooh krayn , kruyn , yooh krayn/, n. a republic in SE Europe: rich agricultural and industrial region. 50,684,635; 223,090 sq. mi. (603,700 sq. km). Cap.: Kiev. Russian, Ukraina. Formerly, Ukrainian Soviet Socialist Republic. * * * Ukraine… … Universalium
Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… … Universalium
Captive insurance — companies are insurance companies established with the specific objective of financing risks emanating from their parent group or groups but they sometimes also insure risks of the group s customers as well. Using a captive insurer is a risk… … Wikipedia
Lloyd's of London — Not to be confused with Lloyds TSB or Lloyd s Register. Lloyd s redirects here. For other uses, see Lloyd This article is about the insurance market. For the film, see Lloyd s of London (film). Lloyd s Type Ins … Wikipedia
Actuarial science — are professionals who are qualified in this field through examinations and experience. Actuarial science includes a number of interrelating subjects, including probability and statistics, finance, and economics. Historically, actuarial science… … Wikipedia
Colombia — Colombian, adj., n. /keuh lum bee euh/; Sp. /kaw lawm byah/, n. a republic in NW South America. 37,418,290; 439,828 sq. mi. (1,139,155 sq. km). Cap.: Bogotá. * * * Colombia Introduction Colombia Background: Colombia was one of the three countries … Universalium
German Revolution of 1918–19 — Infobox Military Conflict conflict=German Revolution of 1918 19 caption=A Freikorps group during the German revolution. partof= place=Germany date=November 1918 ndash; 1919 result=Weimar Republic government victory… … Wikipedia
British Raj — British Empire in India redirects here. For other uses, see British India (disambiguation). India Indian Empire ← … Wikipedia
German Revolution of 1918–1919 — November Revolution redirects here. For the 1974 discovery of charm in physics, see November Revolution (physics). For the revolutions in German Confederacy in 1848, see Revolutions of 1848 in the German states. For the Russian revolution on… … Wikipedia