Casualty Insurance

That type of insurance that is primarily concerned with losses caused by injuries to persons and legal liability imposed upon the insured for such injury or for damage to property of others. It also includes such diverse forms as plate glass, insurance against crime, such as robbery, burglary and forgery, boiler and machinery insurance and Aviation insurance. Many casualty companies also write surety business.

See Also: Current Liquidity (IRIS); Coverage; Conditional Reserves; Commercial Lines; Combined Ratio After Policyholder Dividends; Class 3-6 Bonds (% of PHS); Chartered Property and Casualty Underwriter (CPCU); Change in Policyholder Surplus (IRIS); Change in Net Premiums Written (IRIS); Ceded Reinsurance Leverage;

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