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...ofits to establish the insurer's aggregate liability. This would be a pure tim...ion information service of risk and insurance topics. For a free trial subscri...

...on manuscripts. $500 in the aggregate for the loss by theft of jewelry, w...e last 3 years. Do you carry enough insurance? ______ If you can, please give ...

...osts for both parties. The aggregate limit, if any.* Who will hand..., contact reinsurers, or check with insurance companies. A number of carriers ...

...Various studies conducted by an aggregate of trade groups report that insuran...R THE MONEY Part of the image the insurance industry has conveyed to P/C cu...

... of the seller's reduced administration costs. Collateral or escrow funds that may be freed up. How RMLs, state assessments, taxes, and other issues are handled. Accounting of the transaction, tax implications, capital costs, and investment costs for both parties. The aggregate limit, if any.* Who will handle the claims and how this will affect the seller's relationships. * always limited to the attachment point below actual risk transfer of past programs &# 160 During an LPT transaction, you'll need the following information: Copies ... all policies (including excess) and rating plans. The latest rating-plan adjustments. A recent individual claim review detailing whether they include plans for closure or settlement. The most current and accurate loss data - by individual claim and in the aggregate. The most accurate historical loss triangles (loss development) by year for all years in the portfolio and prior years. TPA or carrier averages and industry averages for similar risks. The TPA's or carrier's reserving practices (ultimate or net present value) . Any of your company's organizational changes and ... LPT) is one of the few transfers that can be a winning deal for buyer and seller. An LPT allows you to transfer claims to another party for a fixed sum. An LPT program involves past claims, but not future claims, as with a traditional insurance program. The main steps in an LPT are the claims review; actuarial analysis; and accounting for the transferred portfolio. The transaction involves the portfolio value of the liabilities, which is discounted to net present value; the investment value of risk capital; and ...

...iddle excess layers and moderate aggregate limits more appropriate win-win sol...re becomes paramount. Using captive insurance subsidiaries may become more pre...

... find the right level of risk to retain. Previous trends in Workers Compensation pricing had sometimes fluctuated between the extremes - from standard premium plans to high excess-of-deductible layers and back to guaranteed cost. In the coming years, risk managers may find middle excess layers and moderate aggregate limits more appropriate win-win solutions that are preferable to all-or-nothing risk positions. As organizations retain greater levels of risk, the need to manage that exposure becomes paramount. Using captive insurance subsidiaries may become more prevalent in the years ahead. In addition to potential tax benefits ... plans will be to find the right level of risk to retain. Previous trends in Workers Compensation pricing had sometimes fluctuated between the extremes - from standard premium plans to high excess-of-deductible layers and back to guaranteed cost. In the coming years, risk managers may find middle excess layers and moderate aggregate limits more appropriate win-win solutions that are preferable to all-or-nothing risk positions. As organizations retain greater levels of risk, the need to manage that exposure becomes paramount. Using captive insurance subsidiaries may become more prevalent in the years ahead. In addition ... conditions were the softest that almost anyone can remember. The popularity of guaranteed cost programs exploded, and many risk managers were able to remove liabilities from their balance sheets at attractive prices. Now there are indications that the market is firming. The National Council on Compensation Insurance (NCCI) reported an industry pure loss ratio of 71.2 % for the third quarter of 1999, compared to 59.1 % in 1997. When these statistics were announced, NCCI President and CEO Bill Schrempf stated, Free market competition, declining reserves, and a ...

...agrees to pay to the Sellers the aggregate sum of $472,828.00, hereinafter ref...roperty 3(u) Leased Property 3(x) Insurance Policies 3(y) Brokerage Agreeme...

...lan. Note that we're speaking in aggregates. Some large insurance contracts ca...fer should be specified for risks in excess of this amount and retention for l...

... The Seller shall have the right to conduct such audit not more often than once in any six month period. Said audit shall be at the sole expense of the Seller unless the audit shall uncover an error in the accountings covered by the audit which, in the aggregate, result in the Seller having been underpaid by an amount in excess of a sum equal to 2 percent of the payments made within said accountings; in which case, the reasonable costs of said audit shall be borne by the Buyer. Costs of said audit ... . The said $200,000 shall be deemed to have been paid in full as a part of the payment made at the closing hereunder pursuant to section 3(a ) . (e ) The entire consideration payable pursuant to section 2(b ) in excess of the fixed consideration of $1 ,000,000 provided for in section 2(a ) shall be allocated specifically to the value of the Target Accounts. (f ) No value is ascribed to the value of the Agency Agreements referred to in section ... Sale Agreement Part I 4/30/2013 12:00:00 AM by CompleteMarkets Editor This content has not been rated yet. PURCHASE AND SALE AGREEMENT PART I AGREEMENT made and entered into this ____ day of ___, 19_, by and among ABC INSURANCE AGENCY, INC., a Massachusetts corporation, having a principal place of business in Boston, Massachusetts, hereinafter referred to as the "Buyer", OLDCO INSURANCE AGENCY, INC., a Massachusetts corporation, having a principal place of business in Cambridge, ...