CASUALTY INSURANCE Definition & Meaning

casualty insurance

noun

insurance providing coverage against accident and property damages, as automobile, theft, liability, and explosion insurance, but not including life insurance, fire insurance, or marine insurance.

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51�Թ� History and Origins

Origin of casualty insurance¹

First recorded in 1900–05

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Example Sentences

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That followed its decision in May 2023 to stop writing new business, homeowners, and other personal property and casualty insurance, though its parent continues to sell personal auto policies.

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That followed its decision in May 2023 to stop writing new business, homeowners, and other personal property and casualty insurance in the state.

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That followed its decision in May 2023 to stop writing new business, homeowners, and other personal property and casualty insurance in the state, with the exception of personal auto policies.

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That followed its decision in May 2023 to stop writing new business, homeowners and other personal property and casualty insurance in the state, with the exception of personal auto insurance.

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Mark Sektnan, a vice president of the American Property Casualty Insurance Assn., an industry trade group, said that insurers are working to get payments out as fast as possible.

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