Posted on July 20, 2013July 20, 2013
The cause, in a series of causes resulting in a loss, which is furthest removed from the proximate cause. It is often the first cause of the series.
Facebook
Linked In
Instagram
Contact Us
News
Calculators
(1) The arithmetic mean; (2) In marine insurance, loss or damage; or 3) In non-marine property insurance, where average is said to apply and there has been under-insurance, the insured’s claim is reduced in proportion to the under-insurance.