Gourt > Regional > North America > United States > Business and Economy > Financial Services > Insurance (2)
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)
More on [ Insurance ]
Insurance :: Financial Services
Insurance :: Financial Services
RT @ldfarah: Really? Penile vacuums are covered by health insurance but women can't get birth control??? #hcr #fail
cathydebuono (Cathy DeBuono) Wed, 23 Dec 2009 08:54:22 -0000
RT @ldfarah: Really? Penile vacuums are covered by health insurance but women can't get birth control??? #hcr #fail
Featured Job: J2EE / .Net Developer w / Insurance Exp http://bit.ly/8nQWQc #Jobs
Maryland_Jobs (Maryland Jobs USA) Wed, 23 Dec 2009 08:53:56 -0000
Featured Job: J2EE / .Net Developer w / Insurance Exp http://bit.ly/8nQWQc #Jobs
China Pacific Insurance Rises in Hong Kong Debut (Update2) (BusinessWeek) http://ff.im/-dhsxE
hknewz (hong kong newz) Wed, 23 Dec 2009 08:53:44 -0000
China Pacific Insurance Rises in Hong Kong Debut (Update2) (BusinessWeek) http://ff.im/-dhsxE
Travel Insurance for your Golf Trip is a sound investment: Many people in the UK play golf whether on the weeke.. http://bit.ly/4TPg0Z
jerryjjansen (Jerry J. Jansen) Wed, 23 Dec 2009 08:53:28 -0000
Travel Insurance for your Golf Trip is a sound investment: Many people in the UK play golf whether on the weeke.. http://bit.ly/4TPg0Z
Really? Penile vacuums are covered by health insurance but women can't get birth control??? #hcr #fail
ldfarah (Leyla Farah) Wed, 23 Dec 2009 08:53:23 -0000
Really? Penile vacuums are covered by health insurance but women can't get birth control??? #hcr #fail
New #job: Instructor - Medical Insurance Billing & Coding #jobs #tech http://bit.ly/89xP8t
Miami_TechJobs (Miami Tech Jobs) Wed, 23 Dec 2009 08:53:05 -0000
New #job: Instructor - Medical Insurance Billing & Coding #jobs #tech http://bit.ly/89xP8t
Brokers of America (IIABA) - A resource for consumers, media, and insurance professionals. Includes natural disasters tips; guides to auto, business, home, life, and health insurance; and consumer studies.
Alliance for Sound State Uniform Regulatory Efficiency (ASSURE) - A national state-based coalition for the purpose of educating members of Congress on the benefits and advantages of state insurance regulation. Led by the National Association of Insurance Commissioners (NAIC).
Association of Insurance Compliance Professionals (AICP) - Dedicated to promoting regulatory competence and awareness for the improvement of regulatory compliance within the insurance industry.
Council for Affordable Health Insurance (CAHI) - A research and advocacy association of insurers active in the individual, small group, medical savings account, and senior markets. Site includes organization news and information for consumers.
Insurance Institute for Highway Safety - Independent, nonprofit, research and communications organizations funded by auto insurers and dedicated to reducing highway crash deaths, injuries and property losses. Also includes the Highway Loss Data Institute.
Meta Description: [ Independent, nonprofit, research and communications organizations funded by auto insurers and dedicated to reducing highway crash deaths, injuries and property losses. ]
Insurance Marketplace Standards Association (IMSA) - Goal is to strengthen trust and confidence in the life insurance industry. Site describes the organization, lists member companies, and contains an online copy of the Assessment Handbook.
Insurance Regulatory Examiners Society (IRES) - Enhances the efforts of state regulators by ensuring professionalism and integrity among the men and women who serve with state or federal insurance regulatory bodies.
National Association of Health Underwriters (NAHU) - Educates the public and decision makers about the value health insurance professionals deliver in helping consumers access the health care system.
National Association of Insurance and Financial Advisors (NAIFA) - Represents licensed life insurance agents and financial advisors through its federation of 900+ state and local associations located throughout the country.
National Association of Insurance Commissioners (NAIC) - Organization of insurance regulators from all states and dependent areas. The NAIC provides a forum for the development of uniform policy when uniformity is appropriate.
Meta Description: [ The NAIC is an organization of state insurance regulators for all 50 of the United States,
Washington D.C., American Samoa, Northern Mariana Islands, Guam, Puerto Rico and Virgin Islands. ]
National Association of Mutual Insurance Companies (NAMIC) - National trade association of mutual property and casualty insurance companies. Includes a consumer information links, online message board, live chat, state legislature and insurance department links.
National Association of Professional Insurance Agents (PIA) - Voluntary, membership based, trade association representing professional independent insurance agents throughout the nation.
Meta Description: [ The National Association of Professional Insurance Agents (PIA) is the association that creates unlimited opportunities for professional, independent insurance agents. PIA members are Local Agents Serving Main Street America. ]
National Conference of Insurance Guaranty Funds (NCIGF) - Nonprofit association designed to provide assistance and support to the property and casualty guaranty funds located in each of the fifty states as well as Puerto Rico and the District of Columbia.
National Conference of Insurance Legislators (NCOIL) - Organization of legislators from over 30 states whose main area of public policy concern is insurance legislation and regulation.
Meta Description: [ (NCOIL) is an organization of state legislators whose main area of public policy concern is insurance legislation and regulation., (NCOIL) is an organization of state legislators whose main area of public policy concern is insurance legislation and regulation. ]
National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) - Voluntary association composed of the life and health insurance guaranty associations of all 50 states, the District of Columbia, and Puerto Rico. When an insolvency involves multiple states, NOLHGA assists its state guaranty association members.
Society of Financial Service Professionals - Formerly the American Society of CLU ChFC, and still associated with The American College. Site includes information about the society, membership, educational opportunities, and an online store.
Meta Description: [ For more than 75 years, the Society of Financial Service Professionals has been helping individuals, families, and businesses achieve financial security. With their strong commitment to delivering only those financial products and planning services that are in their clients' best interests, the S... ]
Society of Insurance Licensing Administrators (SILA) - A professional organization for those interested in the licensing of agents, agencies, adjusters, brokers, companies, producers, securities dealers, and third party administrators.
Meta Description: [ Securities & Insurance Licensing Association ]
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