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casualty insurance

noun

  1. insurance providing coverage against accident and property damages, as automobile, theft, liability, and explosion insurance, but not including life insurance, fire insurance, or marine insurance.


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Word History and Origins

Origin of casualty insurance1

First recorded in 1900–05
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Example Sentences

The bulletin also applies to other types of property and casualty insurance.

Tort reform and increased resilience — making structures more resistant to extreme weather — would help, said Robert Gordon, a senior vice president with the American Property Casualty Insurance Association.

“Upon first blush, it appears to be an improvement,” says Denni Ritter, a Western states lobbyist for the American Property Casualty Insurance Assn.

“Everything in our economy is going up,” said Mark Sektnan, vice president for state government affairs for the American Property Casualty Insurance Association.

Travelers’ premium increases, he said, are completely legal under Proposition 103, the 1988 ballot measure that regulated property and casualty insurance pricing.

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