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Introduction
Property/casualty insurance can be countermined into two major categories: commercial lines and personal lines. Personal lines, as the term suggests, includes coverages for individuals- vehicles and household insurance. Commercial lines, that accounts for almost half of U.S. property/casualty insurance premium, includes the many kinds of insurance products designed for businesses.
Commercial and business insurance performs a vital role in the world economy. Without it, the economy would not function properly. Insurers primarily protect the economic system from failure by considering the […]
