Insurance

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Ideally, insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a reasonable fee. In practice, however, the business of providing insurance protection often ends up in litigation between the parties involved, while the responsibilities of regulating insurance markets routinely winds up as a political football for government agencies. In general, it is contract in which one party agrees to pay for another party's financial loss resulting from a specified event.

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Law: :This article is about law in society. For other possible meanings, see law (disambiguation)....

Economics: Economics (from the Greek οίκος , 'house', and νομος , 'rule', hence "household management") is a social science that studies the production, distribution, trade and consumption of goods and services. Economics is said to be positive when it tries...

Risk management: Risk Management is the process of planning, leading, and controlling the resources and activities of an organization in order to mitigate its risk of loss effectively. The key to a good risk management program is to balance the risk of loss from unexpected causes against the economic cost of protec...

Insurance related Images and Photos (experimental)

New York Life Insurance Building

Failure of National Health Insurance DVD