单词 | long-tail claims |
释义 | long-tail claims in Insurance (lɔŋ teɪl kleɪmz) noun Related wordsCompare with short-tail business, where it is known that claims will be made and settled quickly.(Insurance: Life insurance) claim , claim , claim Long-tail claims are claims that are made or settled a long time after the insurance policy has expired. Because the insurance company is responsible only for claims made while the policyis in force, no long-tail claims problem occurs. Common long-tail claims that arise after a long delay for employers may be claims for damages from situationssuch as asbestosis or noise induced hearing loss. Long-tail claims are claims that are made or settled a long time after the insurance policy has expired. |
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