BNET Business Dictionary
Business Definition for: Insurance
- in financial markets, hedging or any other strategy that reduces risk while permitting participation in potential gains
- an arrangement in which individuals or companies pay another company to guarantee them compensation if they suffer loss resulting from risks such as fire, theft, or accidental damage
Wiktionary Definition for: Insurance
- A means of indemnity upon occurrence of a fortuitous event.
- Ex: ''The car was totalled, but fortunately I had '''insurance'''.''
- The business of providing insurance.
- Ex: ''After five years in banking, I switched to '''insurance'''.''
- ''Metaphoric:'' Any attempt to anticipate an unfavorable event.
- Ex: ''The sky was clear, but I took my umbrella for '''insurance'''.''
- ''Blackjack:'' A bet made after the deal, which pays off if the dealer has blackjack.
- Ex: ''I only take '''insurance''' if the count is right.''
Additional Resources
- Obtaining Insurance Coverage for a Business
- Every business needs insurance against risks that might threaten its profitability, including theft and work-related injuries. A small business is more vulnerable to the consequences of these incidents, since it rarely has the resources to cover sudden and unexpected expenditures.This article explains what insurance your business is legally required to...
- Articles 2007-10-23
- Homeowners Insurance: Make Sure You Are Covered
- You probably think you have adequate homeowners insurance, but how carefully have you read the fine print? By some estimates, nearly two-thirds of homeowners don?t have enough insurance to replace their house and belongings if they were destroyed by fire or storm. Here?s how to fix your policy before disaster...
- Articles 2009-11-11
- Auto and Homeowners Insurance: Is AARP Looking Out for You?
- The nonprofit behemoth promises to save you money and provide great service. But does it deliver? Here's how to decide if AARP policies are right for you. As part of our continuing analysis of AARP’s financial services products (earlier stories...
- Articles 2009-08-26
- 7 Insurance Myths That Can Cost You
- Think you're covered? Maybe not. Read these insurance misconceptions and be sure you have the right protection. 1. My Job’s Disability Insurance Will Cover Me You may believe that after an accident or illness your lost income will be covered through...
- Articles 2009-09-30
- Health Insurance: Is AARP Looking Out For You?
- AARP?s health and long-term-care insurance policies are rarely the cheapest option, but they are surprisingly competitive, and can be particularly good for people who are not in perfect health. MoneyWatch compared benefits and real-world prices to find the best plans for you. Anyone over the age of 50...
- Articles 2009-10-09
- News Flash: 1945 Law Allows Concentration of Power in US Health Insurance
- Last week, some media reports noted that US Congressional Democrats countered an insurance industry study suggesting health care reform would cost much more than estimated by threatening a repeal of the McCarran-Ferguson Act's anti-trust exemption for health insurance. For example, in the New York Times Prescriptions Blog : ...
- News items 2009-10-20
- Life Insurance and Annuities: Is AARP Looking Out for You?
- We analyze whether the giant organization's senior-focused life insurance and annuities are worth buying. Life insurance and annuities offer...
- Articles 2009-08-05
- It's Time to Take a Closer Look at Insurance Exchanges
- Aside from the public option, the Democrats' effort to control insurance costs for individuals and small businesses focuses on insurance exchanges that would offer them a wide range of health plans possibly including a public plan and would pool participants to get group insurance rates. These exchanges, featured in the...
- Blog posts 2009-08-23
- The Public Option And Insurance Exchange In The House Bill
- In my first post, I described the major features and basic approach of HR 3962, as well as the provisions of the bill that would go into effect more or less immediately. This post will look more closely at some of the bill's basic insurance reform elements. In a final...
- News items 2009-10-30
- Why We Need an Individual Mandate for Health Insurance
- There's a similarity between used cars and health care. Let's start with used cars. "The Market for Lemons" by George Akerlof is a famous paper in economics demonstrating how markets can break down when buyers and sellers are differentially informed. For example, suppose...
- Blog posts 2009-11-13
- New Insurance Policies Help Agencies Control Ad-Production Costs
- NEW YORK (AdAge.com) -- A few years ago Dianne Richter, an ad agency veteran who's clocked time in the broadcast departments of shops such as JWT, Y&R and Saatchi & Saatchi, found herself on a nightmare of a commercial shoot. While driving to location, police had blocked the production team's...
- News items 2009-11-08
- Place Your Bets: Federal Insurance Regulation ... Or Not?
- Members of the National Association of Insurance Commissioners NAIC have been patting themselves on the back, secure in the fact that they have once again beaten back attempts to put in a federal agency  to oversee their multi-trillion-dollar industry. In Chicago yesterday, Illinois Insurance Director Michael McRaith...
- Blog posts 2009-10-24
- Post insurance push
- AUSTRALIA Post is expanding into the $24 billion general insurance sector as part of a financial services strategy that could ultimately see the nation's postal service with a foothold in banking. Speculation has intensified in recent months that Australia Post's end-game in financial services extends to mortgages and deposit-taking, which...
- News items 2009-09-01
- How to File a Homeowners Insurance Claim
- Filing a claim on your house every time you experience damage isn?t always the best strategy, especially when the claim is small. Here?s how to figure out when it pays to make a claim ? and how to make sure you get the most money back when you do. ...
- Articles 2009-11-11
- The Weight's Over: Should Fat People Pay More for Health Insurance?
- The Weight's Over: Should Fat People Pay More for Health Insurance?I'm all for encouraging healthy behaviourOvereating and smoking are voluntary behaviors, and they are not the tobacco company's or food company's fault. If I were you boss and saw this kind of behavior (always blaming someone else for something...
- Discussion threads 2007-09-13
- Managerial Opportunism? Evidence From Directors' And Officers' Insurance Purchases
- Managers choose to spend corporate resources to purchase directors' and officers' liability insurance, which protects directors and officers from personal financial liability in lawsuits brought against the firm and its directors and officers. This article investigates whether the amount of D&O insurance coverage chosen by managers of IPO firms, and...
- White papers 2000-08-11
- Fitch Ratings affirms Zenith National's IFS and debt ratings. (Insurance News: Advertisement).
- Fitch Ratings has affirmed the 'A-' insurer financial strength ratings of Zenith National Insurance Corp.'s Zenith National three insurance subsidiaries, Zenith Insurance Company Zenith Insurance, ZNAT Insurance Company and Zenith Star Insurance Fitch Ratings has affirmed the 'A-' insurer financial strength ratings of Zenith...
- Research articles 2002-10-21
- Transamerica Occidental Life Insurance Co.(Insurance Online Network)(Brief Article)
- Transamerica Occidental Life Insurance Co. now provides online term insurance quotes through the Insurance Online Network. Participating institutions have access to term insurance quotes from ... Transamerica Occidental Life Insurance Co. now provides online term insurance quotes through the Insurance Online Network. Participating institutions have...
- Research articles 2005-11-01
- Shorter LA Times: What's Wrong With Health Insurance
- Lack the time or patience to plow through the just-concluded three-part, 5,000-word-plus LA Times series on what's wrong with the health-insurance industry? Allow me to assist with this abbreviated guide to the key ideas and data points in the series, stripped of the touching personal anecdotes, Byzantine...
- Blog posts 2008-10-23
- Has the Health-Insurance Industry Buckled on Reform? Sort of, But Not Really
- When the Clinton health plan died in 1994, the health-insurance industry's fingerprints were all over the murder weapon. Now that rumblings of comprehensive healthcare reform are starting to take on critical mass in the incoming Obama administration and Congress, the insurance industry has apparently reconsidered its adamant objection to a...
- Blog posts 2008-11-20
