Tort reform in the United States
Tort reform refers to proposed changes in common law civil justice systems that would reduce tort litigation or damages. Tort actions are civil common law claims first created in the English commonwe...
Tort reform in the United States - Wikipedia
Excellus Healthy Rewards - What Is It? | Say Healthy
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Insurance
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent,...
Insurance - Wikipedia
Distributive justice
Distributive justice concerns the nature of a socially just allocation of goods in a society. A society in which incidental inequalities in outcome do not arise would be considered a society guided by...
Equality of outcome
Equality of outcome, equality of condition, or equality of results is a political concept which is central to some political ideologies and is used regularly in political discourse, often in contrast ...
Equality of outcome - Wikipedia
Non-economic damages caps
Non-economic damages caps are controversial tort reforms to limit (i.e., "cap") damages for non-pecuniary harms such as permanent disability, disfigurement, blindness, loss of a limb, paralysis, traum...
Jury
A jury is a sworn body of people convened to render an impartial verdict (a finding of fact on a question) officially submitted to them by a court, or to set a penalty or judgment. Modern juries tend ...
Jury - Wikipedia
Joint and several liability
Where two or more persons are liable in respect of the same liability, in most common law legal systems they may either be:
If parties have joint liability, then they are each liable up to the ful...
Patrick Atiyah
Patrick S. Atiyah, QC, FBA (born 5 March 1931) is an English lawyer and academic. He is best known for his work as a common lawyer, particularly in the law of contract and for advocating reformation o...
Woolf Reforms
The Civil Procedure Rules (CPR) are the rules of civil procedure used by the Court of Appeal, High Court of Justice, and County Courts in civil cases in England and Wales. They apply to all cases comm...
Claims management company
In England and Wales, a claims management company is a business that offers claims management services to the public. Claims management services consist of advice or services in respect of claims for ...
Compensation Act 2006
The Compensation Act 2006 (c 29) is an Act of the Parliament of the United Kingdom, introduced in response to concerns about a growing compensation culture but conversely to ensure that the public rec...
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SR-22 (insurance)
In the United States, an SR-22 (sometimes referred to as a certificate of insurance) is a vehicle liability insurance document required by most state Department of Motor Vehicles (DMV) offices for "hi...
CRESTA
CRESTA (Catastrophe Risk Evaluation and Standardizing Target Accumulations) was founded as a joint project of Swiss Reinsurance Company, Gerling-Konzern Globale Reinsurance Company, and Munich Reinsur...
CRESTA - Wikipedia
Death spiral (insurance)
Death spiral is a condition of the insurance market in which costs rapidly increase as a result of changes in the covered population. It is the result of adverse selection in insurance policies where...
Self-revelation
In economics, self-revelation is a property of a mechanism where each agent maximizes his or her utility (or expected utility) by revealing his or her true type. Self-Revelation is also used as a them...
Compound annual growth rate
Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period. CAGR is not an accoun...
Indemnity
An indemnity is an obligation by a person (indemnitor) to provide compensation for a particular loss suffered by another person (indemnitee).Indemnities form the basis of many insurance contracts; for...
Systemic risk
In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can...
Vision insurance
Vision insurance is a form of insurance that provides coverage for the services rendered by eye care professionals such as ophthalmologists and optometrists. There are many vision insurance companies....
Zillmerisation
Zillmerisation relates to the valuation of a life insurance company by an actuary.When new regular premium protection business (such as life or critical illness insurance) is written, the value of the...
Zillmerisation - Wikipedia
Buy term and invest the difference
Bold textBuying term and investing the difference is a concept involving term life insurance and investment strategies that allows individuals to eventually "self Insure" and provides an alternative t...
Joint Board for the Enrollment of Actuaries
The Joint Board for the Enrollment of Actuaries licenses actuaries to perform a variety of actuarial tasks required of pension plans in the United States by the Employee Retirement Income Security Act...
Annuity
An annuity is any continuing payment with a fixed total annual amount. Annuity may refer to:An annuity that has no definite end is called a perpetuity.
Nuclear exclusion clause
The nuclear exclusion clause is a clause which excludes damage caused by nuclear and radiation accidents from regular insurance policies of, for example, home owners. As operators of nuclear power pla...
Risk premium
Risk premium is the minimum amount of money by which the expected return on a risky asset must exceed the known return on a risk-free asset, or the expected return on a less risky asset, in order to i...