The Union was constituted in Germany in 1874 with founder members who were Swedish, German. Austrian and Russian. The prime objective of the Union are to safeguard and develop marine Insurance interest by providing a forum for advancement of constructive propositions for improvement of business and also providing opportunities for making contracts between markets and exchange of information.
Insurance Encyclopedia
Internet liability insurance
Coverage designed to protect businesses from liabilities that arise from the conducting of business over the Internet, including copyright infringement, defamation, and violation of privacy.
Internet liability/cyberliability insurance
1. Anyone connected to the Internet for business faces the risk of claims for libel, slander, breaches of intellectual property and confidentiality rights. The policy pays for legal liability and defence costs arising out of ‘e-activities’ broadly meaning ‘the transacting, disseminating or enabling the marketing, buying, selling or distribution of goods, services or information through electronic networks. Additional clauses cover cost of replacing records, financial losses due to fraud, legal fees for enforcing intellectual property rights, loss of profits due to interruption in trading through viruses, hacking, etc., claims by employees, brand protection, etc. 2. Internet service providers insure their Internet liability arising out of the provision of Internet services. Risk management is an important response to all Internet risks.
Internet Weather Derivatives Exchange (I-Wex.com)
Information and research portal for global weather derivatives market. Gives access to LIFFE trading and the OTC weather risk market. It is a consortium formed between Intelligent Finance Systems Ltd, LIFFE, and Intellectual Resources Exchange Ltd (WIRE). The portal contains weather data from all major contract sites worldwide. World-wide
Internet-only manuals (IOMs)
Medicare regulations online that replaced guidelines previously printed as paper-based manuals.
Internist
Doctor who finds and treats health problems in adults.
Interoperability
Ability of different information technology systems and software applications to communicate; exchange data accurately, effectively, and consistently; and use the information that has been exchanged. This is a definition created by member organizations of the National Alliance for Health Information Technology available online at www.nahit.org .
interoperable
For e-prescriptions, able to communicate and exchange data accurately, effectively, securely, and consistently with different information technology systems, software applications, and networks in various settings and exchange data such that the clinical or operational purpose and meaning of the data are preserved and unaltered.
Interplan
Agreement between Blue Cross Plans through which a local plan may provide benefits for any out-of-area Blue Cross subscriber.
Interpleader
System of settling an insurance claim in which the insurance company pays the policy proceeds to a court because the insurer is not able to determine to whom the proceeds should be paid and asks the court to decide.
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A legal procedure whereby if more than one person lays claim to property the party, such as the insurer, who is liable to one or the other, may ask the court to decide which.