Emilie A period of indemnity is the time period during which an insured party is protected from financial losses by an insurance policy. The period of indemnity may be specified in the policy contract, or it may be left to the discretion of the insurer. In either case, the period of indemnity typically begins when the … Read more
Hysteresis is a phenomenon in which the current state of a system is dependent on its past history. In economics, hysteresis refers to the persistence of high unemployment even after economic conditions have improved. The theory of hysteresis suggests that once an economy enters a period of high unemployment, it is more likely to stay … Read more
Key person insurance is a type of life insurance that provides financial protection to a business in the event of the death of a key employee. The death of a key employee can have a significant financial impact on a business, and key person insurance can help to mitigate this risk. Key person insurance can … Read more
