{"id":203,"date":"2020-05-31T16:41:15","date_gmt":"2020-05-31T11:11:15","guid":{"rendered":"https:\/\/theactuarialclub.com\/learn\/?p=203"},"modified":"2020-06-02T23:50:42","modified_gmt":"2020-06-02T18:20:42","slug":"long-tail-classes","status":"publish","type":"post","link":"https:\/\/theactuarialclub.com\/learn\/terms\/long-tail-classes\/","title":{"rendered":"Long-tail classes"},"content":{"rendered":"\n<p>A long-tail liability is a type of liability that carries a long settlement period. Long-tail liabilities are likely to result in high&nbsp;incurred but not reported (IBNR)&nbsp;claims, because it may take a long period of time for the claims to be settled.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A long-tail liability is a type of liability that carries a long settlement period.<\/li><li>Liability insurance claims often involve large sums of money and can result in a settlement as well as a lengthy court case.<\/li><li>Examples of long-tail liabilities include medical malpractice, employment discrimination, and cases of child abuse.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A long-tail liability is a type of liability that carries a long settlement period. Long-tail liabilities are likely to result in high&nbsp;incurred but not reported (IBNR)&nbsp;claims, because it may take a long period of time for the claims to be settled. A long-tail liability is a type of liability that carries a long settlement period. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[157],"tags":[],"class_list":["post-203","post","type-post","status-publish","format-standard","hentry","category-terms"],"acf":[],"_links":{"self":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/comments?post=203"}],"version-history":[{"count":2,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/203\/revisions"}],"predecessor-version":[{"id":421,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/posts\/203\/revisions\/421"}],"wp:attachment":[{"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/media?parent=203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/categories?post=203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theactuarialclub.com\/learn\/wp-json\/wp\/v2\/tags?post=203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}