Refinance: What It Is, How It Works, Types, and Example.

What is Refinance? How does Refinance Work? What are the Types of Refinance? What is an example of Refinance? How many times can I refinance my house? There is no limit to the number of times you can refinance your house. However, each time you refinance, you will incur closing costs, which can add up … Read more

Financial Intermediary.

A financial intermediary is an entity that provides financial services to two or more other parties. Financial intermediaries are typically financial institutions, such as banks, credit unions, and investment firms. They can also be non-financial companies, such as insurance companies and pension funds. Financial intermediaries use their own capital to fund transactions between their clients. … Read more

Probable Maximum Loss (PML).

Probable Maximum Loss (PML) is the estimated maximum loss that could reasonably occur from the most severe combination of peril, exposure, and vulnerabilities. PML estimates are used to help determine the amount of insurance coverage a business should purchase, as well as the retention limit for a self-insured retention program. What is seismic PML? Seismic … Read more