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  2. Insurance - Wikipedia

    en.wikipedia.org/wiki/Insurance

    An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and ...

  3. Insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Insurance_in_the_United_States

    The first insurance company in the United States underwrote fire insurance and was formed in Charleston, South Carolina, in 1735. [4] In 1752, Benjamin Franklin helped form a mutual insurance company called the Philadelphia Contributionship, which is the nation's oldest insurance carrier still in operation.

  4. List of United States insurance companies - Wikipedia

    en.wikipedia.org/wiki/List_of_United_States...

    In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...

  5. List of largest insurance companies - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_insurance...

    Rank Company Country Total assets (US$ Billion) 1 Allianz Germany 1,247.2 2 Berkshire Hathaway United States 958.8 3 Prudential Financial United States 937.6 4 Ping An Insurance

  6. Mutual insurance - Wikipedia

    en.wikipedia.org/wiki/Mutual_insurance

    A mutual insurance company is an insurance company owned entirely by its policyholders.It is a form of consumers' co-operative.Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums.

  7. What happens to an annuity if your insurance company ... - AOL

    www.aol.com/finance/happens-annuity-insurance...

    Insurance is regulated at the state level, so federal laws like bankruptcy statutes typically don’t apply to insurance companies. Instead, when an insurer becomes insolvent, the state insurance ...

  8. General insurance - Wikipedia

    en.wikipedia.org/wiki/General_insurance

    Fire insurance : In order to get the asset, stock or machines insured against fire, a proposal form is to be filled in and submitted to the insurance company. The insurance company examines the proposal with due regards to various factors and the periodical amount of premium is fixed. Theft insurance; Property insurance; Aviation insurance

  9. 5 Reasons Your Car Insurance Bill Is Getting More Expensive - AOL

    www.aol.com/5-reasons-car-insurance-bill...

    Insurance companies expect to pay out claims for some of their clients. But insurers hedge their risk of excessive claims by buying insurance from other providers, a practice known as reinsurance ...

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