insurance :

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insurance

in shoo ruhns

  • n  promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
  • n  written contract or certificate of insurance
  • n  protection against future loss

  • State insurance commissioner is in ordinary times a job much like the job of state bank commissioner: super-auditor to see that no one plays hocus-pocus with money that the public .
  • Term What it is Why it matters; Actuarially Sound: An insurance plan that collects enough money in premiums to at least cover claims paid out.
  • Term What it is Why it matters; Actuarially Sound: An insurance plan that collects enough money in premiums to at least cover claims paid out.
News & Articles

  • Insurance fraud highest for cars
    Insurance fraud seems to be on the rise when assessing the data on so-called questionable claims by the National Insurance Crime Bureau, and car claims are the culprit.
    June 22, 2013 - Bankrate.com
  • Insurance Professionals award scholarships to Vernon students
    The Insurance Professionals of Sussex County awarded two $1,000 scholarships at their annual dinner on May 20. The scholarships were awarded based on an essay response to one of three questions.
    June 22, 2013 - The Advertiser-News
  • Insurance companies paying out rebates by Aug 1
    Insurance companies must pay rebates if they spent too much on administrative costs as part of Obamacare
    June 21, 2013 - The Record
Quotes

  • Ben Bernanke in NEWS.com.au
    We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,Mr Bernanke said in a speech in Washington this morning (AEDT).

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