Yes, political correctness is a good thing because it was born out of necessity. There is a prevailing attitude of prejudice and hatred and ignorance in this country, and before political correctness became a thing, people were rampant in their insults and slurs.
Law of large numbers. The theory of probability on which the business of insurance is based. Simply put, this mathematical premise says that the larger the group of units insured, such as sportutility vehicles, the more accurate the predictions of loss will be. FAQs:
If the loss exceeds that dollar amount, then the policyholder is responsible for paying the excess. In malpractice insurance, most policies have two coverage limits: A per-occurence limit and an aggregate limit. The per-occurrence limit states how much the insurer will pay for a single loss, claim, or occurrence. An aggregate limit is the total amount an insurer will pay for all claims in a given policy period, typically for one year. The most common coverage limit seen in a medical malpractice liability insurance policy is $1 million per occurrence and $3 million in total per year. There are several complicated issues that physicians need to be aware of when dealing with coverage limits. The first is the issue of related claims.