Insurance

Discrimination based on race has a long history in the insurance industry, where practices such as race-based premiums and redlining of mainly minority neighborhoods persisted for many decades. Here is how the leading group of […]

What Are Compensatory Damages? Compensatory remuneration are cash awarded to an injured party that reimburse for damages, injury, or another incurred loss. Compensatory remuneration are awarded in civil court cases where loss has occurred as

Insurance companies base their business models around assuming the financial hazard of an event on behalf of an individual or business. Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance

If you have an assurance policy, you might wonder how companies compute your assurance premiums. You pay assurance premiums for policies that cover your health—and your car, home, life, and other valuables. The amount that

We can’t prevent the unforeseen from happening, but at times we can shield ourselves and our families from the worst of the monetary fallout. Choosing the correct type and amount of insurance is based on

Insurance Companies vs. Banks: An Overview Both banks and assurance companies are financial institutions, but they don’t have as much in common as you might think. Although they do have some similarities, their operations are

There are thousands of insurance companies providing products and services in the insurance sector. Most of them specialize in specific types of insurance, while others offer multiple types. The largest ones generally offer all types

What Are Out-of-Pocket Expenses? Out-of-pocket expenses are costs that an individual is responsible for paying that may or may not be refunded later. The term is most often used to describe an employee’s work-related costs

Bancassurance: Description, How It Functions, Advantages & Disadvantages By Caroline Banton Revised Nov 09, 2023

What Is Reinsurance Ceded? Reinsurance ceded is an insurance industry term that refers to the portion of risk that a primary insurer passes to another insurer. That other insurer is often a specialist in reinsurance.