Sentences with phrase «insurers share the losses»

Because insurers must accept all risks - preferred or high - risk - assigned through the MT AIP, the AIP is a mechanism by which the auto insurers share the losses generated by high risk drivers, so no one insurer bears the brunt of losses.

Not exact matches

So when the insurer disclosed in November that it was taking a $ 345 million hit on its balance sheet in order to cover its additional claim liabilities — contributing to a $ 760 million loss for the year — Genworth's shares dropped 38 % in a single day.

Dividends also took a hit with the insurer declaring a final dividend of 4c per share, down from the 33c payout a year ago, after catastrophe claims contributed to a $ 632 million after tax cash loss during the second half.

That's because most states and health insurers found a way to price their plans after the loss of cost - sharing reductions so that they actually yielded better deals for many Americans who buy insurance through Obamacare.

Both Fannie and Freddie have previously done risk - sharing pilots with PMI carriers, and insurers have been advocating for more participation, especially deeper coverage, which is considered 50 % of losses, as opposed to the standard 18 % to 37 %.

Insurers need to: collect more complete data on weather - related losses; incorporate climate modeling into their risk analyses; analyze the implications of climate change on their business and investments and share the results with shareholders; and encourage policy action to reduce greenhouse gas emissions.

Members of our legal team have acted for and represented ceding insurers, reinsurers, retrocessionaires, brokers and other intermediaries and can provide coverage and claims advice and representation in relation to all reinsurance agreements and arrangements, including quota share, excess of loss, treaty and facultative agreements.

Profits or losses are shared by all auto insurers licensed in the state.

After the deductible is covered, the insurer will then step in and pay their share of the losses.

This exemption, set out in the McCarran - Ferguson Act, permits insurers to jointly develop common insurance forms and share loss data to help them price policies.

Joint Underwriting Association / JUA: Insurers which join together to provide coverage for a particular type of risk or size of exposure, when there are difficulties in obtaining coverage in the regular market, and which share in the profits and losses associated with the program.

Some analysts say insurers exposed themselves to massive losses when share values of their investments plummeted in the tech and telecom meltdown.

In her testimony, St. Peter said that after the Sept. 11 attacks private insurers backed out of the terrorism insurance marketplace, prompting Congress to enact TRIA, a federal insurance backstop that allows the federal government and private insurance companies to share losses in the event of a major terrorist attack.