Insurance   A layperson's glossary of insurance terminology.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
CATASTROPHE
Term used for statistical recording purposes to refer to a single incident or a series of closely related incidents causing severe insured property losses totaling more than a given amount, currently $25 million.

    Courtesy of the Insurance Glossary
    Copyright © 2006 by 20/20 Technologies