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
The excess loss limit, called the loss fund, set by the insurance company may be calculated a number of ways. Generally, these methods take into account the amount of losses that the policyholder has experienced over time, changes to the insuredâs risk profile, as well as adjustments from actuarial analysis.