Sentences with phrase «incurred substantial financial losses»
In the 1980's, AMLICO incurred substantial financial losses, ultimately resulting in the appointment of the Commissioner as temporary receiver on January 17, 1989.
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It is not a policy meant to cover everyday occurrences, but is more for events like a fire or theft where you incur a substantial financial loss.
Always ask your insurance agent or company representative to review the other important coverages that may protect you from being sued and potentially incurring substantial financial loss.