Casualty insurance policies are written to cover losses that are the direct result of an unforeseen accident(s).
It may include Auto liability insurance for car accidents, Marine insurance for shipwrecks or losses at sea, and etc.
Life, health and property insurance are typically excluded from the definition.
Segments
It also includes other insurance converages such as:
liability insurance
political risk insurance
terrorism insurance
fidelity and surety bonds.
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