War Damage Insurance Corporation
Definition of "War damage insurance corporation"
Government reinsurance program that provided coverage for U.S. properties during World War II. Private insurers shared the first layer of coverage, with the government providing catastrophic loss coverage. This is one of several government insurance programs for exposures that private insurers cannot cover because techniques of spreading the risk do not apply.
Popular Insurance Terms
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Mortality table, morbidity table that does not include current statistical experience. ...
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Nominal interest rate minus the rate of inflation. ...
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