Property and casualty insurance companies (P&C) and life insurance companies are the most important type of insurance companies. P&C in particular indemnify damage (destruction, loss, etc.) to properties such as houses or vehicles. Such damages is the result of an identifiable event that is sudden, unexpected or unusual. Examples of such risks are natural disasters such as fire, earthquakes, floods; other unexpected events referred especially to vehicles are theft, collision or third party liability.
Fabozzi F., Modigliani F., Jones F. (2010), Foundation of Financial Markets and Institutions, Pearson International Edition.
Editor: Bianca GIANNINI
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