nounRelated wordsCompare with short-tail business, where it is known that claims will be made and settled quickly. ( Insurance : Life insurance )
claim1, claim2, claim3
Because the insurance company is responsible only for claims made while the policy
is in force, no long-tail claims problem occurs.
Common long-tail claims that arise after a long delay for employers may be claims for damages from situations
such as asbestosis or noise induced hearing loss.
Long-tail claims are claims that are made or settled a long time after the insurance policy has expired.
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