Peter Pan serves over 100 communities throughout the northeast corridor, with daily express service including Boston, New York, Philadelphia, Baltimore and Washington, DC. The company transports over three million passengers a year and its fleet of more than 300 buses travels over 25 million miles annually.
Definition of EXCESS OF LOSS (XOL) AGREEMENT: A REINSURANCE arrangement where a REINSURER assumes RISKS and returns in specific horizontal or vertical layers; depending on the magnitude of losses and t
Definition: Actual loss in insurance refers to the total costs directly or indirectly resulting from a claim. It represents the actual costs or expenses incurred due to the claim and make up the total payout the insurance company will make for the entire loss, per the policy wording.