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Superfund is a U.S. law that requires companies or individuals responsible for pollution to pay for cleaning it up, even if the pollution happened many years ago. If you’ve ever …
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Substandard risk refers to a person or situation that insurers see as higher risk than average, often due to health issues or a dangerous job. When you apply for insurance, …
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A subsequent event refers to important events that happen after a company’s balance sheet date but before its financial statements are officially issued. If you’ve ever wondered how companies handle …
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A subrogation clause explains when and how an insurance company can recover money from the party that caused your loss. If you’ve ever looked closely at your insurance policy, you’ve …
What Is a Subrogation Clause? – Simple and Easy Explanation Read More
Subrogation is the process that allows an insurance company to recover money from the party that caused a loss after paying the insured’s claim. Subrogation is one of those insurance …
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Structured settlements provide regular, fixed payments over time instead of one large lump-sum payout after a legal claim is settled. Structured settlements are a common way to resolve legal claims, …
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Structured securities are investments built from loans or other financial assets and then divided into different pieces that pay investors in different ways. If you’ve ever heard someone say finance …
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Stop loss, also called excess loss, protects health plans and self-insured employers from extremely high medical claims that could cause serious financial strain. Health insurance costs can be unpredictable, especially …
What Is Stop Loss / Excess Loss? – Simple and Easy Explanation Read More
A stock insurance company is an insurance business owned by shareholders, not by policyholders, and it operates to earn profits for those owners. When people think about insurance companies, they …
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Statutory accounting is a conservative way insurance companies report their finances so regulators can make sure they’re strong enough to pay claims. If you’ve ever wondered how regulators know whether …
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