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General Insurance Glossary

Kenney Ratio.
A rule proposed by Roger Kenney which suggests that to insure solvency, Property and Liability insurers should not write insurance premiums equal to more than twice their capital and surplus. (G)

Kidnap-Ransom Insurance.
This insurance is written primarily for financial institutions and covers named employees for individual or aggregate amounts paid as ransom, with deductible requiring the insured to participate in about 10% of any loss. There are few markets for this coverage and no standardization of rates. See also Extortion Insurance. (G)
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