Aggregation of Losses Arising From One Event.
Mondaq Business Briefing › Nbr. 2003, May 2003
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Extract
Aggregation of Losses Arising From One Event.
Executive Summary
Whether losses are aggregated or treated as separate can make a dramatic difference to the commercial benefit or burden of an insurance or reinsurance contract. An example that starkly illustrates this is the continuing litigation in the US over whether or not the destruction of the Twin Towers should be aggregated...See the full content of this document
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