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Daily Report (D.R.)

An Abbreviated copy of pertinent policy information, identical copies of which are usually prepared so that the insurance company’s home office, branch office, and agents may each have one.

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An amount of money awarded to the person injured by another’s tort.

Actual Damages

The amount awarded to compensate for one’s actual and real loss or injury.

Compensatory damages

Damages Intended or compensate the injured party for the injury sustained, and nothing more.

Consequential Damages

Such damage, loss or injury as does not flow directly and immediately from the act of the party, but only from some of the consequences or results of such act.

Continuing Damages

Such as accrue from the same injury or from the repetition of similar acts between two identified time periods.

Direct Damage

Those that follow immediately upon the act done.

Excess Liability Damages

Arise from an action against a liability carrier by an insured for the negligent handing of settlement negotiations which result in a judgment against the insured in excess of his policy limits.

Expectancy Damages

Awarded for non-performances of contract.

General Damages

Awarded for losses that have occurred as a result of an infringement of a right, such as breach of contract or personal injury. For example, an accident might give rise to pain and suffering; compensation for this would be considered general damages. Such damages cannot be quantified with precision in monetary terms, but reflect an amount the court believes necessary to compensate the aggrieved party fairly.

Nominal Damages

A minimal amount awarded where there is no substantial loss or injury to be compensated, but where it is recognized that a plaintiff had a technical invasion of his rights, or in cases where there has been a real injury but the plaintiff failed to show its amount.

Pecuniary Damages

Where loss or injury can be recompensed in money.

Proximate Damages

The immediate and direct damages and natural results of the act complained of, and such as are usual and might have been expected.

Punitive Damages

Meant to punish the party that has caused the infringement of the other party’s legal rights. Awarded over and above compensation for monetary loss. Awarded when the wrong to the plaintiff was aggravated by violence, oppression, malice, fraud, or wanton and wicked conduct on the part of the other party. They are intended to solace the injured party for mental anguish, shame, or degradation caused by the other party.

Remote Damages

The unusual and unexpected result which could not have been reasonably anticipated – a result beyond which the negligent party has no control.

Special Damages

Awarded for actual out-of-pocket expenses the party has suffered as a result of the infringement of his legal right, e.g., medical bills.

Statutory Damages

Damages resulting from statutorily created causes of action.

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Unsafe; hazardous.

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Dangers Of The Sea

Those accidents peculiar to navigation that are of an extraordinary nature which cannot be guarded against by the ordinary exertions of man.

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Generally, organized information collected for a specific purpose. In electronic data processing insurance policies, can mean the information stored on the media, including customized and packaged computer programs, and the instructions or operating systems employed to make the programs work.

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A database is a collection of information about current and prospective clients that is usually stored in computer files that are accessible to various personnel within the organization.

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Date Of Injury

The data of the occurrence or accident causing such injury.

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De Facto

In fact; indeed; actually

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Dead End Main

The last fire plug on a water main which is subject to a greater risk of clogging and some drop in water pressure. Considered by underwriters on fire risks.