Multiple peril insurance

Multiple peril insurance

Insurance policy which covers a wide variety of property damage.
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Few farmers will buy insurance of their crop yields against multiple perils at the expected full cost to the insurer; in fact no purely private multiple peril insurance program has ever been sustained by the voluntary participation of farmers.
1264, the Multiple Peril Insurance Act," Martin said.
Passage by the House of a 6-month extension of the National Flood Insurance Program (NFIP) was necessary and should provide enough time to complete commonsense reforms and a multi-year renewal; however, the Multiple Peril Insurance Act of 2009 (H.R.
Companies 10.9 Commercial Multiple Peril: Top Writers by Line - 2000 Commercial multiple peril insurance includes property, boiler and machinery, crime and general liability coverages.
We use annual loss ratios for homeowners, fire, and commercial multiple peril insurance for individual insurer groups in twenty eastern and southern states during 1974 through 1994 to examine the potential effectiveness of hedging state-specific underwriting risk for these lines using (1) state-specific catastrophe loss indices and (2) state-specific industry loss indices for each line of business.
The median underwriter of commercial multiple peril insurance eliminates 35.4 percent of its underwriting risk; 18 of the 26 insurers show a statistically significant risk reduction.

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