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
Excess is the amount you'll have to pay in the event of a claim. For example, if your excess is $500 and your claim is worth $1,200, you will pay the first $500 and the insurer the remaining $700.Normally this is paid directly to the mechanic or garage making the repairs.hings to think about when considering your excess: 1  It may be worth increasing your excess simply to save money on your insurance premium. 2  But before you do, consider the car you drive and what would happen in the event of a claim.