An individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. Independent adjusters are independent contractors who adjust claims for different insurance companies.

Aggregate Coverage

A form of Stop Loss reinsurance under which the reinsurer pays a portion of the claims represented by a loss ratio in excess of a specified loss ratio. For example, “20% in excess of 110%” will result in claims between 110% and 130% of premium being paid by the reinsurer. Also known as Loss Ratio Coverage.

Auto Insurance Policy


There are basically six different types of coverages. Some may be required by law. Others are optional. They are: Bodily injury liability, for injuries the policyholder causes to someone else. Medical payments or Personal Injury Protection (PIP) for treatment of injuries to the driver and passengers of the policyholder’s car. Property damage liability, for damage the policyholder … Read moreAuto Insurance Policy