'Loss' Policy Definition Is Key For Noncash Settlements
By Courtney Horrigan, Esther Kim and Julian Humphrey-Davis · July 17, 2025, 3:29 PM EDT
Fundamentally, insurance enables policyholders to manage the risk of potential losses by transferring the risk to insurers in exchange for a premium. Yet, what constitutes "loss" in a policy can constrict...
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