{"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"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Long-tail classes &#8226; TAC Actuarial Learning<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theactuarialclub.com\/learn\/terms\/long-tail-classes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long-tail classes\" \/>\n<meta property=\"og:description\" content=\"A long-tail liability is a type of liability that carries a long settlement period. 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