Casualty Insurance


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Casualty Insurance

A category of insurance that covers unforeseen events on a stated asset or assets. Car insurance, workers compensation insurance, and elevator insurance all fall under this general category. Often, casualty insurance only covers a particular event or asset. That is, car insurance covers one's car (and perhaps the persons within it) only. Casualty insurance provides coverage to the policyholder in the event the insured event occurs; the coverage is contingent upon the timely payment of premiums.
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References in periodicals archive ?
Fidelity National Property & Casualty Insurance Inc.
Mergers
In this section, several CPAs share their experiences in working with clients to meet property and casualty insurance needs.
Helping clients protect against risk
31, the company merged with Insura Property and Casualty Insurance Co.
Corporate changes
The Internal Revenue Service asserted IBM was liable for excise tax under section 4371 for the casualty insurance premiums paid on U.
Excise tax on foreign insurance premiums held unconstitutional
Effective July 1, the company name was changed to GE Property & Casualty Insurance Co.
Corporate changes: the number of mergers increased in the property/casualty industry in 2002, and state involvement continues to grow. (Corporate Changes: Property/Casualty)
American Horizon Property & Casualty Insurance Co.
Corporate changes: the property/casualty industry continued to consolidate, as state regulators kept a close watch on companies' viability and mergers and acquisitions maintained a healthy pace in 2001. (Property/Casualty)
1, the company merged into Universal of Omaha Casualty Insurance Co.
Corporate Changes

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