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Insurance

Directors and officers liability insurance (D&O)

Directors and officers of a company can be held liable for their negligent actions or failures to act, as well as for any false or misleading statements made that lead to legal action against the company. This type of insurance coverage is essential in protecting companies and their leaders from the financial repercussions of such lawsuits, which are commonly brought by shareholders. It is important for those in the finance industry to understand the significance of this type of insurance and its role in mitigating potential risks for businesses.

Primary company

Reinsurance, a common practice in the insurance industry, refers to the transfer of risk from one insurance company to another. The reinsurer, often a larger and more financ...

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Risk Selection

An integral aspect of the insurance industry is the process of underwriting, which involves evaluating and selecting applicants that meet the criteria set by the company. Th...

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Joint and several liability

In the realm of law and finance, there exists a principle known as joint and several liability. This doctrine grants the plaintiff the ability to seek full compensation from...

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Expiry

Let's talk about the concept of policy termination in finance. As a knowledgeable professor, I want to make sure you understand the importance of this term. Policy terminati...

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