INTRODUCTION Fire is one of the original perils insurance was designed to protect against. Current building codes and many nearby fire departments make it easy to forget about the catastrophic damage fire can do. However the damage caused by fire and the fire departments effort to put out a fire is all too real. It happens in just an instance. Smoker falling asleep in a chair‚ an unattended candle‚ paper or clothing too near the stove or a heat generating source‚ or a spark caused from an
Free Insurance
HistoryAetna‚ Inc. is an American health insurance company‚ which is the direct descendant of Aetna (Fire) Insurance Company‚ of Hartford‚ Connecticut. In 1850 Aetna began operation of an Annuity Fund and the company would soon to be known as Aetna Life Insurance Company. In 1899 Aetna became one of the first publicly held insurance companies to enter the health insurance field. Since then Aetna has become committed to providing access to cost-effective health care of the highest possible standard
Premium Health insurance Health care Health economics
Automobile Insurance "Insurance is a legal contract that protects people from the financial costs that result from loss of life‚ loss of health‚ lawsuits or property damage."(Nielson.) This protection is given to the customer in exchange for a monthly payment to the company. This is a legal contract which is known as a policy‚ binds the customer to the insurance company for the duration of the policy. Insurance‚ whether it be life‚ health or auto‚ helps customers feel safe from everyday risks
Premium Insurance Automobile Damage waiver
Page 1: Insurance Page 2: Lloyds contribution Lloyd’s of London (also known simply as Lloyd’s) is an insurance market located in London’s primary financial district‚ the City of London. It serves as a partially mutualised marketplace where multiple financial backers‚ known as underwriters‚ or "members"‚ both individuals (traditionally known as "Names") and corporations‚ come together to pool and spread risk. Page 3: Unlike most of its competitors in the industry‚ it is not a company but it is
Premium Insurance Lloyd's of London Underwriting
Life insurance is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance‚ both of which offer a range of invaluable benefits to consumers. Level term life insurance is the most popular type of life insurance policy with consumers‚ and this may be because it is also the cheapest form of insurance. With level term insurance‚ you and your family can enjoy peace of mind at an
Premium Term life insurance Insurance
1. A good way to reduce the cost of your car‚ home‚ and health insurance is to: a. Raise the deductibles on your policies b. Reduce your coverage to the minimum c. Keep your auto and home policies with different companies d. Suspend your coverage for a limited time 2. The four documents you must have to protect your family are: a. A will‚ an irrevocable trust‚ an advance directive‚ and a durable power of attorney b. A will‚ a living revocable trust‚ a durable power of attorney‚ and an advance
Premium Life insurance Insurance Term life insurance
INSURANCE AND RISK MANAGEMENT SOLUTIONS TO STUDY QUESTIONS CHAPTER 1: Nature of risk and its management 1. Explain the meaning of risk. In your explanation‚ state the relationship between risk and uncertainty. Risk is defined as a condition where there is the possibility of an adverse deviation from an expected outcome. That is‚ there is the possibility of loss. Risk is a state of the real world in which a possibility of loss exists‚ while uncertainty is a state of mind characterised
Free Insurance Risk
health insurance that must meets certain basic requirements. Beginning in 2014‚ individuals who do not acquire health insurance will be subject to a fine. This fine will rise over time‚ reaching $895 per person or 2.5 percent of income‚ whichever is greater‚ by 2018. Beginning in 2014‚ each state is to establish an Affordable Insurance Exchange. Separate exchanges are to be established for individuals and small businesses with fewer than 50 employees. The intention is that private insurance companies
Premium Health insurance Health care Health economics
Issues & Policy‚ states that “There is still 15 percentage of Americans who are currently without any form of health insurance today” (Brux 191). In Fast Food Nation‚ Eric Schlosser talks about different employees’ health care benefits and the variance between health insurance companies. Due to the limitation of the economy‚ fewer people are able to get health care insurance. Different states also have different policies to take care of their citizens. When some people feel sick‚ they must bear
Premium Health care
FIRE INSURANCE WHAT IS FIRE INSURANCE? Fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods‚ caused by fire‚ during a specified period. The contract specifies the maximum amount‚ agreed to by the parties at the time of the contract‚ which the insured can claim in case of loss. This amount is not‚ however‚ the measure
Premium Insurance