Across
- 6. An agreement between the insurer and the third party to resolve a claim
- 8. The person making a claim for payment or compensation under an insurance policy or third party
- 12. The process of gathering facts and evidence to determine the cause of a loss and identify liable parties
- 13. Legal responsibility for causing harm or damage
- 14. A type of insurance coverage that protects individuals from losses related to property damage or liability claims
Down
- 1. The legal process of resolving disputes between individuals through court proceedings
- 2. In these states, a claimant can recover damages even if they are 99% at fault, but their recovery is reduced by their percentage of fault
- 3. The legal process by which an insurer assumes the rights to pursue recovery from a third party that may be responsible for the loss
- 4. A type of personal injury claim where an individual slips, trips, or falls on another party's property due to negligence
- 5. The process by which an insurer evaluates the risk of insuring a person and determines the premium, coverage limits, and terms of the policy
- 7. A provision that prevents an insurer from pursuing recovery against a third party
- 9. An individual that's neither the insured or insurer, often the party responsible for causing the loss or damage
- 10. Short for "catastrophic claims"
- 11. An insurance coverage type that pays for damage to the insured's vehicle when it collides with another vehicle or object