INS22 Chapters 1-4

Any condition or situatin that presents a possibility of loss, regardless of whether loss actually occurs.

The acutal means by which property is damaged or destroyed.

A condition that presents the possibility that a person or organization will sustain a loss resulting from damage (including destructin, taking or loss of use) to property in which that perosn or organization has a financial interest.

Tangible property consisting of land, all structures premanently attached to the land, and whatever is growing on the land

All tangible or intangible property that is not real property

Any condition or situation that presents the possibility of a claim alleging legal responsibiliity of a person or business for injury or damage suffered by another party.

Money claimed by, or a monetary award to, a party who has suffered bodily injury or property damage for which anohter party is legally responsible.

A monetary award to compensate a victim for losses, such as pain and suffering, that do not involve specific measurable expenses.

A form of compensatory damages that awards a sum of money for specific, indentifiable expenses associated with the injured person's loss, such as medical expenses or lost wages

A payment awarded bya court to punish a defendant for a reckless, malicious, or deceitful act or to deter similar conduct; need not bear any relationship to a party's actualy damages.

The branch of the law that provides a means to settle disputes between parties.

A wrongful act or omission, other than a crime or a breach of contract, for which the remedy is usually monetary damages.

A tort that occurs when a person exposes others to an unreasonable risk of harm because of failure to exercise the required degree of care

Life, health and retirement related loss exposures.

A disability caused bya work-related injury or disease that emporarily limits the extene to which an employee can perform job duties for a period of time