Accident Severity | Insurance Glossary

Definition of "Accident severity"

Erin White-Freimann

Realty ONE Group

Extent of the loss caused by accidents. Used in predicting the dollar amount of losses upon which the premiums are based.

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Difference between the earned premiums and the losses and expenses of an insurance company. ...

Insurance in force previous to the present insurance policy. ...

Amount for which financial loss for bodily injury incurred by the plaintiff must exceed before a tor ...

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