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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
Principles of insurance
Losses must be uncertain.
The rate of losses must be relatively predictable: In order to set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger the number of homogenous exposures considered, the more closely the losses reported will equal the underlying probability of loss. If the coverage is unique, the insured will pay a correspondingly higher premium. Lloyd's of London often accepts unique coverages. (e.g., the insuring of Tina Turner's legs and Jennifer Lopez's buttocks)
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Insurance :: Financial Services
Detroit’s Mayor Will Leave Office and Go to Jail
Fri, 05 Sep 2008 05:33:20 -0000
Mayor Kwame M. Kilpatrick’s guilty plea ended eight months of political turmoil but also opened a new era of uncertainty for Detroit.
McCain Vows to End ‘Partisan Rancor’
Fri, 05 Sep 2008 10:50:25 -0000
Senator John McCain sought to move from a convention marked by an effort to reassure the party base to an appeal to a broader electorate.
New Orleans Starts Up, but Not at Full Power
Fri, 05 Sep 2008 06:08:46 -0000
Evacuees continued to stream home after a hurricane scare that left it with little serious damage but knocked out power to tens of thousands of homes.
Christian Science Monitor | Top Stories
In dispirited Detroit, mayor pleads guilty
Plea deal ousts Kilpatrick after an eight-month scandal. Interim mayor inherits a city in a slump.
As Gustav evacuees return to New Orleans, a varied homecoming
Many find their houses are fairly intact. Power loss is still a problem.
France gives boost to Israeli-Syrian talks
French President Sarkozy, in Damascus this week, was also thought to be seeking Syria's help in dealing with Iran's nuclear program.
AXA Canada - A leading property and casualty insurer. Provides lists of associated brokers, products and services, press and career information.
Meta Description: [ AXA ]
General Insurance Ombudservice - Independent organization assists in resolving differences between home, car and business insurance companies and their customers. Describes complaint process, by-laws and governance, FAQs and provincial offices.
Meta Description: [ Insurance ombudservice - dispute resolution, conflict resolution and more from General Insurance OmbudService. Consumer mediation - conflict resolution, dispute resolution, Insurance ombudservice. ]
Horizon Planning Group - Professional independent consultants across Canada providing assistance with financial and professional planning. Includes online requests for quotes on individual life and group health insurance.
Meta Description: [ Horizon Planning Group brokers provide financial planning and investment advice. Free quotes for group health, dental insurance and personal disablity & life insurance. Find the best professionals in your community for: employee benefits Canada brokers, insurance and mortgage brokers, realtors, l... ]
Industrial Alliance Insurance and Financial Services - A life and health insurance company, with products and services for group coverage and individual insurance and investments. Provides company overview, products and services, and investor information. [TSX: AIG]
Meta Description: [ Industrielle Alliance, assurance et services financiers. Assurance vie, produits financiers, assurance auto, épargne études, retraite, REER, rentes, fonds, prêt hypotécaire, assurance habitation, valeurs mobilières, Quebec / Industrial Alliance, insurance and financial services. Life insuran... ]
Insurance-Canada.ca - Information and resources for consumers and insurance professionals. Includes insurance-related topics, providers listing products and services, online quotes, as well as information on industry trends, events and related news.
Meta Description: [ Insurance Canada provides consumers and insurance industry professionals with information on insurance topics in Canada - Auto, Life, Home, Health, Travel, Disability, Business, Personal, Agents, Brokers, Special Coverage ]
InsuranceHotline.com - Online home and automobile insurance rate quoting and comparison service.
Meta Description: [ Canada and the United States instant online car insurance quotes including auto insurance, home insurance, life insurance and commercial insurance as well as Alberta, Quebec, New Brunswick, Nova Scotia, Newfoundland and Manitoba. ]
Kanetix.ca - Offers free insurances quotes for auto, property, life, critical illness, motorcycle or travel insurance for Canadians, with answers to frequent questions.
Meta Description: [ Free car insurance, home insurance, life insurance, critical illness insurance and travel insurance quotes from many of the US's and Canada's top insurance companies at the same time. ]
Kernaghan Adjusters - Services include personal and commercial property/liability, vehicle, control adjusting, and catastrophe claims. Location information, corporate profile and summary of services.
Meta Description: [ Insurance adusting in Canada. Kernaghan Adjusters offers support for risk management, commercial property, commercial and personal liability, recreational vehicle and many other categories of insurance adjusting. ]
Phoenix Eastern Insurance - Offers insurance coverage for directors and officers, liability, and property. Serves not-for-profit organizations throughout Canada. Includes FAQ, newsletters, and general information.
Meta Description: [ Phoenix Eastern Insurance, Canadian Association Insurance program for non profit associations and organizations : canada not for profit plan ontario alberta british columbia manitoba saskatchewan nova scotia new brunsvick newfoundland directors officers d&o errors omissions e&o ]
Travel Underwriters - Travel insurance administrators for over 2,500 licensed insurance brokers. Contact information, company profile and product summary.
Meta Description: [ Providing travel insurance--trip insurance--by travel underwriters ]
Wray Agencies Ltd. - Specializes in crop hail insurance needs of Western Canadian farmers. Answers FAQ's and includes an agent finder and claims form.
Meta Description: [ Specializing in crop hail insurance for Western Canadian farmers ]
| . He was uninjured and said he fell asleep. Hope he purchased the extra insurance on the van rental. We continued on ... | |
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