Transaction Liability Products: Opportunities in Bankruptcy Situations : Part III
- Topics:
- Bankruptcy
- Tags:
- Bankruptcy,
- Business Operations,
- Corporate Insurance,
- Finance,
- Financial Planning,
- Insurance,
- Loss Mitigation
- Source:
- Aon
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Overview: Even in the face of improving economic indicators, it is not expected that the current wave of bankruptcies will end anytime soon. This article addresses opportunities for Loss Mitigation programs. As much of an insurance strategy as a specific insurance product, Loss Mitigation refers to the use of insurance to address known claims that represent either uninsured or underinsured liabilities. Although there are many variations, one approach is to place an insurance policy to cover the contingent liability, excess of a retention high enough to remove the insurer from the expected loss. This article addresses two instances in which Loss Mitigation may provide a solution.
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Format: PDF | Size: 294KB | Date: Jan 2003 | Pages: 2
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