Search results
Results From The WOW.Com Content Network
Professional liability insurance. Professional liability insurance ( PLI ), also called professional indemnity insurance ( PII) but more commonly known as errors & omissions ( E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the ...
t. e. In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".
Chubb Limited. Insurance Company of North America ( INA) is the oldest stock insurance company in the United States, [2] founded in Philadelphia in 1792. It was one of the largest American insurance companies of the 19th and 20th centuries before merging with Connecticut General Life to form CIGNA in 1982, and was acquired by global insurer ACE ...
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. [ 3][ 4] [citation needed] Travelers is incorporated in Minnesota, with headquarters in ...
History. In 1914 Carl G. Brown, Sr. started California Casualty Indemnity Exchange as a customer-owned company offering workers' compensation insurance to California's new and growing industries. The company was based on Carl G. Brown, Sr.’s high ethical standards and business integrity. In 1917 California Casualty began offering auto ...
Title insurance is a form of indemnity insurance, predominantly found in the United States and Canada, that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. Unlike some land registration systems in countries outside the United States, US states' recorders of ...
Countrywide Legal Indemnities is a British title insurance company. The company is based in Norwich, Norfolk, United Kingdom. The company is an underwriting agency that works with conveyancing professionals. Countrywide Legal Indemnities as an agent for the American insurer Liberty Mutual, which supplies legal indemnity insurance and protection ...
Prize indemnity is also used in motor sport to help offset the high costs of running a team. The highest recorded payout for such a policy was $250,000 on 8th August 1992, when Robin Donovan secured a 6th place in an Interserie sports car race at the Zolder Circuit in Belgium, driving a 966 Gunnar Porsche.