flake n.— «The term “flood” insurance parlance refers to damages caused by the “rising of navigable waters.” In the New York area, he says, most carriers issue a limit of $1 or $2 million, with more coverage being prohibitively expensive...
sliding n.— «Beavers and other investigators are also on the lookout for a practice known as sliding, where an agent sells coverages or add-ons to clients without their knowledge.» —“Officials Looking to Catch Few Bad Apples Among...
door-step lending n.— «Again it is the current state of the economy that is to blame—a drying of liquidity has seen a reduction in sub-prime lending, often known as “door-step lending.”» —“Lloyds insurance warns on rogue...
cat funds n.pl.— Note: “Cat” is short for “catastrophe.” «A ticking countdown to hurricane season will color Washington this week, when state officials overseeing these so-called “cat funds” will meet...
peaker plant n.— «Our natural gas fueled electricity generating facilities are commonly referred to as “peaker” plants. Our plants are used to balance unexpected short term surges in demand, making them critical to the...
young invincible n.— «In the parlance of the health care industry, Ms. Boyd, whose case remains unresolved, is among the “young invincibles”—people in their 20s who shun insurance either because their age makes them feel invulnerable or...