(1) The absorption of one company by another. (2) The principle that when a partial loss under an insurance policy is followed by a total loss the insurers are not required to pay for the partial loss in addition to the total loss.
The Rantings of the barely human.
(1) The absorption of one company by another. (2) The principle that when a partial loss under an insurance policy is followed by a total loss the insurers are not required to pay for the partial loss in addition to the total loss.