War Damage Insurance Corporation


Definition of "War damage insurance corporation"

Chanchal Laddha
Chanchal Laddha Real Triangle Properties

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.

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