History of insurance

In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human...

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Controversies

Insurance insulates too much By creating a "security blanket" for its insureds, an insurance company may inadvertently find that its insureds may not be as risk-averse...

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Health insurance

Health insurance Health insurance, which is coverage for individuals to protect them against medical costs, is a highly charged and political issue in the United States,...

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Glossary

'Combined ratio' = loss ratio + expense ratio. Loss ratio is calculated by dividing the amount of losses (sometimes including loss adjustment expenses) by the...

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