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Nuclear energy liability insurance helps protect businesses from claims involving injury or property damage caused by nuclear energy materials, whether those materials are radioactive or not. Understanding Nuclear Energy Liability …
What Is Nuclear Energy Liability? – A Simple and Easy Explanation Read More
A Nationally Recognized Statistical Rating Organization (NRSRO) is an independent company that evaluates the financial strength and creditworthiness of organizations like insurers, banks, corporations, and even governments. In simple terms, …
What Is a Nationally Recognized Statistical Rating Organization (NRSRO)? – A Simple and Easy Explanation Read More
Notional value is the reference amount used to calculate payments in derivative contracts, even though that amount usually isn’t exchanged. If you’ve ever read about derivatives like options, futures, or …
What Is Notional Value? – Simple and Easy Explanation Read More
Non-proportional reinsurance helps insurance companies protect themselves from big losses across their entire portfolio, not individual policies. Insurance companies face risk every single day. Some losses are small and predictable, …
What Is Non-Proportional Reinsurance? – Simple and Easy Explanation Read More
A non-controlled stock insurer is an insurance company partly owned by another company, but not controlled by it. If you’ve ever looked into how insurance companies are structured, you may …
What Is a Non-Controlled Stock Insurer? – Simple and Easy Explanation Read More
A nonadmitted insurer is an insurance company not licensed in a specific state, often used when standard insurers won’t cover certain risks. When shopping for insurance, you may hear the …
What Is a Nonadmitted Insurer? – Simple and Easy Explanation Read More
Nonadmitted assets are items with value that insurers can’t count toward paying claims, helping regulators judge an insurer’s true financial strength. When you hear the word “assets,” you probably think …
What Are Nonadmitted Assets? – Simple and Easy Explanation Read More
The NFIP helps homeowners and businesses get flood insurance and reduce flood damage through safer building and floodplain management. Floods are one of the most common and costly natural disasters, …
What Is NFIP (National Flood Insurance Program)? – Simple and Easy Explanation Read More
Net premiums earned are the portion of insurance premiums an insurer has officially earned and does not have to refund if a policy is canceled. When you buy insurance, you …
What Are Net Premiums Earned? – Simple and Easy Explanation Read More
Net income shows how much profit an insurance company makes after subtracting all expenses and income taxes from its total revenues. When people talk about whether a company is doing …
What Is Net Income? – Simple and Easy Explanation Read More