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From Wiktionary under the GNU Free Documentation License. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a large, possibly devastating loss. The insured receives a contract called the insurance policy which details the conditions and circumstances under which the insured will be compensated. From Wikipedia under the
GNU Free Documentation License What typically happens to the insurance industry during a period of economic recession? Q. Are people more afraid and purchase more insurance or less? Does it make them delay purchasing insurance? Life and Health insurance specifically. More specifically senior medical supplement policies, advantage plans, life insurance, long term care insurance, and annuities. I'm asking for myself. Is it a good time economically in the U.S. today to sell these products? General or specific information will be helpful. Thank you for your experience and thoughts. Asked by Jen - Thu Oct 18 22:21:25 2007 - - 4 Answers - 1 Comments A. "People are buying insurance products regardless of economic conditions.The insurance industry and large-cap consumer staples companies also tend to pay meaningful dividends -- and steadily raise them -- enhancing their overall quality and appeal. Dividend income is always welcomed by consumers, especially so in choppy markets when you're effectively paid to wait until the turmoil subsides.To answer your question if is a good time to sell in U.S.i say it is! not only in U.S. but also in Europe. Answered by thenetsurfer - Fri Oct 19 11:01:54 2007 What insurance is needed for casual outside workers? Q. We live on acreage in Brisbane and need quite a lot of outside work done. Things like brushcutting, weed spraying, gardening, scrub clearing etc We would supply tools and materials etc so the job would suit an unemployed person or a student. What if they are hurt in some way while doing the work? Do we need to take out insurance for them? If so, what type of insurance is it and who should we get it from? I'm pretty sure that normal workers compensation insurance doesn't apply to workers who are employed by householders. Asked by Ozmaniac - Wed Apr 22 23:21:07 2009 - - 1 Answers - 1 Comments A. Try liability insurance or a cafeteria type insurance plan for insuring your casual outside workers or see if your home owners policy would cover it. Answered by Persephone - Wed Apr 22 23:26:21 2009 What happens to my insurance after i got a speeding ticket?
Q. I got a speeding ticket for the first time ever. The cop put me down as 80+ mph, which i needed to go 70mph. When my insurance bill comes in, would my insurance be higher? Also my insurance is AAA. I still haven't gotten my actual ticket in the mail yet, and i was wondering if my insurance bill would be any higher until I'm proven guilty, because i know that if i can take traffic school, it won't get any higher & the point taken off. But i was wondering until then, would it still get higher? Asked by Mei Xiang - Sun Sep 27 13:30:04 2009 - - 5 Answers - 1 Comments A. insurance tips : Answered by Path Ock - Sun Sep 27 17:33:28 2009 From Yahoo Answer Search: "insurance"  sfgate.com Tue, 27 Jul 2010 16:18:44 GMT+00:00 Bets Worth Millions San Francisco Chronicle Prior to the meltdowns in credit default swaps, mortgage bonds and various derivatives, most people regarded insurance as a fairly sedate business. ...  nytimes.com Mon, 26 Jul 2010 18:14:46 GMT+00:00 and Colorectal Cancer New York Times But just over one-third of those without health insurance 35.6 percent had been screened, the report said. Hispanics, people with low incomes and ...  marketwatch.com Tue, 27 Jul 2010 15:36:33 GMT+00:00 MarketWatch Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up ... From Google News Search: "insurance"  cthf.org 506px x 337px | 48.30kB [source page] outset of the insurance The amount the insured pays or insurance premium is based on the chance of the event happening and if it doesn t the risk taker or insurer keeps the premium paid Some forms of insurance are useful for both the insurance underwriter and the insured as the insurance firm earns a profit by investing the money of the insured and getting returns on it  nekcracing.com 591px x 1145px | 40.40kB [source page] Noyle w johnson insurance From Yahoo Image Search: "insurance"  cardrifting.info nn Sat, 31 Jul 2010 00:47:26 GM If you are like me, you probably want to get the best womens car . insurance. cheap rates deal possible on your auto . insurance. . You probably. From Google Blog Search: "insurance" |
