Meaning of “casualty insurance” in the English Dictionary

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"casualty insurance" in Business English

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casualty insurancenoun [ U ]

uk us

INSURANCE a type of insurance that will pay money if a company or its product is responsible for someone being injured or killed, or for something being damaged:

Premium rates in the property and casualty insurance business are for the most part subject to regulation.

(Definition of “casualty insurance” from the Cambridge Business English Dictionary © Cambridge University Press)