Small Business - National Association of Insurance Commissioners
Medical professional liability insurance, sometimes called medical malpractice, which protects physicians and other licensed health care professionals from liability associated with wrongful practices resulting in bodily injury, medical expenses and property damage, as well as the cost of defending lawsuits related to such claims;
Insurance Topics | Medical Malpractice Insurance | NAIC
2024年8月13日 · Direct losses incurred increased and direct defense and cost containment expenses decreased in 2021 when compared to the 2020 figures. Direct premiums written and earned also increased in 2021 from 2020 figures. State insurance regulators have evaluated the availability and affordability of medical professional liability insurance in the past.
Do I Need Renters Insurance For College? - NAIC
2024年8月28日 · How much does renters insurance cost? Renters insurance policies typically are affordable, and the cost depends on the coverage you select. The premiums for renters insurance average between $15 and $30 per month depending on the location and size of the rental unit and the policyholder’s possessions. Be sure to shop around.
Terrorism Risk Insurance Act (TRIA) - National Association of …
2023年10月25日 · The Insurance Information Institute (III) estimates that the 9/11 attacks cost the insurance industry $47 billion (in 2019 dollars) in losses, making it the most expensive terrorist incident in U.S. history, as well as one of the largest single insured loss events in history. Reinsurers covered about two-thirds of the losses.
Consumer Auto - National Association of Insurance Commissioners
Most auto insurance policies contain three major parts: liability insurance for bodily injury, liability insurance for property damage and uninsured/under-insured motorists coverage. Bodily injury liability insurance protects you against the claims of other people who are injured in an accident for which you were at fault.
Insurance Topics | Homeowners Insurance | NAIC
2024年11月19日 · The best practices document provides guidelines for state insurance departments to use when creating consumer online insurance policy resources. The NAIC produces the Homeowners Insurance Report, which provides data on market distribution and average cost by policy form and amount of insurance. …
Glossary of Insurance Terms - National Association of Insurance ...
Employee Benefit Liability - liability protection for an employer for claims arising from provisions in an employee benefit insurance plan provided for the economic and social welfare of employees. Examples of items covered are pension plans, group life insurance, group health insurance, group disability income insurance, and accidental death ...
in insurance markets protects consumers from excessive prices. CONCLUSION & RELEVANCE Accurate insurance prices are optimal for policyholders, insurance companies, and society, because accurate prices result in an efficient level of risk-taking. Accurate prices also distribute the cost of risk equitably, such that riskier insureds pay
ance claims than tort liability. Unfortunately, the opposite eventually proved to be true. Michigan’s system was unique among states because it provided unlimited no-fault medical benefits, and insurers were severely constrained in their ability to control medical costs. By 2019, Michigan’s auto insurance claim costs and premiums
F. “Companion claims” means the same as in subsection 2E of the Medical Professional Liability Closed Claim Reporting Model Law. G. “Defense and cost containment expenses” means expenses paid or incurred for defense, litigation and cost containment services. The amounts reported for an insuringentity’s or self-