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insurance
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.07 sec.

insurance

Contract guaranteeing compensation to the payer of periodic premiums against loss (under stipulated conditions) by fire, death, accident, and the like. Various consumer policies also insure legal or health services, paying bills or portions thereof, within the contracted conditions. Insurance is a major component of business activity, covering potential loss of property, inventory, or goods in transit.

During the Gulf War between Iran and Iraq 1987–88, it was the refusal of insurance companies to cover losses sustained by acts of war that dissuaded oil tankers from passing through the zone of hostilities.



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? Mentioned in ? References in periodicals archive
 
It becomes much easier for people as they can access the web sites of insurance carriers and brokers anytime and anywhere.
The next couple of years are bringing some big changes in the way examiners are going to look over the books of insurance carriers as regulators move from a rules-based to a risk-based methodology for reviewing the internal controls implemented by insurance companies.
IIABNY created the survey as a way for independent agents to reveal how they feel about the working relationship they have with insurance carriers whose products they sell.
 
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