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Insurance settlement

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Insurance settlement
The payment of proceeds by an insurance company to the insured to settle an insurance claim within the guidelines stipulated in the insurance policy.

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But Doug Head, executive director of the Life insurance Settlement Association, said his organization opposes what he called "stranger-initiated" life insurance.
Funding for the new project will be provided by a combination of an insurance settlement and New York City and New York State public agencies, including the Lower Manhattan Development Corporation.
Goodyear Tire & Rubber, Akron, OH, will receive $22 million in an insurance settlement for asbestos and pollution related claims previously filed by the tiremaker.
 
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