Insurance
hideInsurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
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News tagged with insurance companies
The FDA has approved ankle replacements, so why don't all insurance plans cover them?
Jun 04, 2009 |
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It's been a decade since the U.S. Food and Drug Administration approved the first total ankle-replacement system for patients with severe ankle arthritis.
Health, life insurers hold billions in tobacco stocks
Jun 03, 2009 |
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More than a decade after Harvard researchers first revealed that life and health insurance companies were major investors in tobacco stocks - prompting calls upon them to divest - the insurance industry has yet to kick the ...
Report concludes uninsured are costly for all
May 28, 2009 |
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(AP) -- The average family with health insurance shells out an extra $1,000 a year in premiums to pay for health care for the uninsured, a new report finds.
Consumers remain upbeat
May 19, 2009 |
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Despite the global recession and the crisis in the banking sector, consumer confidence in financial services remains intact, according to a report compiled for the Nottingham University Business School.
Obama lauds industry offer to cut health costs
May 11, 2009 |
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(AP) -- President Barack Obama on Monday portrayed the health care industry's promise to cut $2 trillion in costs over 10 years as "a watershed event" in the long search for a solution to the millions of ...
Health care cost cuts could kick-start reform
May 11, 2009 |
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(AP) -- When President Bill Clinton took on health care reform, industry leaders fought back, killing the White House proposal before it could gain any traction.
Health groups offer $2 trillion in cost savings
May 11, 2009 |
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(AP) -- President Barack Obama's plan to provide medical insurance for all Americans took a big step toward becoming reality Sunday after leaders of the health care industry offered $2 trillion in spending ...
Wis. could be first to require cochlear implants
Apr 23, 2009 |
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(AP) -- Wisconsin could become the first state requiring private insurance companies to cover cochlear implants for children with severe hearing problems. The state Legislature passed a bill Thursday requiring private health ...
