Casualty


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Casualty

The complete or partial destruction of property resulting from an identifiable event of a sudden, unexpected, or unusual nature.
References in periodicals archive ?
Most of a taxpayer's itemized deductions are included in this general rule, with the exception of casualty losses, unreimbursed employee business expenses and state income taxes related to business income.
We began an effort to educate the clinical staff on what they might face in providing combat casualty care.
If, on the other hand, the personal casualty loss is $50,000 and the personal casualty gain is $30,000, the loss is reduced by $100, to $49,900 and the first $30,000 of loss offsets the gains.
Travelers Casualty & Surety Company of Illinois, Hartford, Conn.
The leading case for insured casualty loss deductions is Kentucky Utilities (K-U), (7) a 1968 business case.
1, the name was changed to High Point Property and Casualty Insurance Co.
The Aetna Casualty and Surety Intercompany Pool and the Standard Fire Insurance Company Intercompany Pool are collectively known as the Aetna Property and Casualty Intercompany Pools.
During the course of this conference call, Ohio Casualty Corporation may make projections or other forward-looking statements regarding future events or the future financial performance of the Corporation.
Prior to that, she managed Zurich's Special Casualty unit for 11 years focusing on primary surplus lines casualty business.
The claims paying ability rating of the Continental Casualty Intercompany Pool has been lowered from AAA' (Triple-A) to AA+' (Double-A-Plus).