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Glossary of general insurance terms

The calendar or accounting year in which a loss occurs.

on Friday September 09 by Webmaster
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This may refer to a member’s allocated capacity or syndicate allocated capacity.

on Friday September 09 by Webmaster
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In the context of property insurance an increase in value of the property insured.

on Friday September 09 by Webmaster
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An accident or event resulting from natural causes, without human intervention or agency, and one that could not have been prevented by reasonable foresight or care—for example, floods, lightning, earthquake, or storms.

on Friday September 09 by Webmaster
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At Quanta we care about you and ensuring you have all you need to be adequately insured and able to mange your risks effectively.
Feel free to join our mailing lists to receive our monthly Quanta newsletter with updates, news, events, new product info, promotions, blog updates and much more.
You may unsubscribe at any time via the link at the bottom of emails received or on our website.
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