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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
Principles of insurance
Losses must be uncertain.
The rate of losses must be relatively predictable: In order to set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger the number of homogenous exposures considered, the more closely the losses reported will equal the underlying probability of loss. If the coverage is unique, the insured will pay a correspondingly higher premium. Lloyd's of London often accepts unique coverages. (e.g., the insuring of Tina Turner's legs and Jennifer Lopez's buttocks)
More on [ Insurance ]
Insurance :: Financial Services
Compensation and Benefits :: Human Resources
Letter About Palin Goes Viral
Fri, 05 Sep 2008 17:05:00 -0400
This week in Wasilla, Alaska, a woman named Anne Kilkenny sent a letter to some college friends about her former mayor, Sarah Palin. By week's end, the letter was pinging around the country and Kilkenny's phone was ringing off the hook.
Teen Sex, Sex Education And Sarah Palin
Fri, 05 Sep 2008 16:39:00 -0400
Gov. Sarah Palin has been a strong supporter of programs that advocate abstinence until marriage, and she also opposes explicit sex education. Alaska's law is silent on these issues, however, and it provides no specific funding for sex education in the schools.
Examining Palin's Pentecostal Background
Fri, 05 Sep 2008 16:14:00 -0400
Alaska Gov. Sarah Palin has electrified religious conservatives who see her as one of their own. The Republican vice presidential candidate brings evangelical credentials to the ticket and has a Pentecostal background.
The Talk of the Town
Dorothy Wickenden: An old-style, Los Angeles feminist on Obama.
Dorothy Wickenden Fri, 29 Aug 2008 04:00:00 -0000
Rosalind Wyman--seventy-seven years old; doughty feminist; political fund-raiser and philanthropist; hostess to J.F.K., Jimmy Carter, and Bill Clinton, and Hollywood types too numerous to count; youngest elected member of the Los Angeles City Council (at the age of twenty-two); first woman to run a national political . . .
Lauren Collins: The Brooklyn painter Kehinde Wiley.
Lauren Collins Mon, 25 Aug 2008 04:00:00 -0000
The painter Kehinde Wiley first travelled to Nigeria in 1997. He was trying to find his father, whom he had never met, or, more crucially for a portraitist, seen. (His mother didn’t have any photographs.) After several weeks in Lagos, he found his dad, who welcomed him. But--like any . . .
James Surowiecki: What drives market volatility?
James Surowiecki Mon, 25 Aug 2008 04:00:00 -0000
American investors are frazzled. True, oil prices have fallen from their most vertiginous highs, the dollar is a bit stronger, and the stock market has actually risen over the past month. But none of those things have happened in a smooth and steady fashion. The stock market’s “ascent,” in particular . . .
Associates - Agency specializing exclusively in property and casualty insurance for nonprofits. Frequently Asked Questions, coverages, and contact Information are available.
Meta Description: [ Insurance Specialists For
Nonprofits - David Szerlip & Associates, Inc. - Articles, FAQ,
Links, and Contact Information. ]
501 (c) Services - Offering cost-saving unemployment programs and commercial insurance to nonprofits across the country.
ANI-RRG: Alliance of Nonprofits for Insurance Risk Retention Group - Insurance provider owned and controlled by its member nonprofits, serving United States nonprofits. Coverage, membership information and resources.
Meta Description: [ Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG)-
Various types of liability insurance exclusively for 501(c)(3) nonprofit organizations. Competitive pricing, broad coverage, and free, effective loss control and risk management tools. ]
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Boy Scouts Unemployment Plan - Unemployment plan exclusively for Boy Scouts of America Councils, created as an alternative to State Unemployment Insurance/SUI tax.
Joint Agencies' Trust - Unemployment programs exclusively for nonprofit organizations across the United States-the cost-effective alternative to State Unemployment Insurance SUI tax.
Nonprofit Insurance Services - Agency providing coverage to organizations in the Mid-Atlantic region of the United States. Features policy information, online quote and claim forms.
Meta Description: [ Nonprofit Insurance Services provides affordable comprehensive insurance, loss control programs, risk management and seminars for nonprofit organizations, not-for-profit businesses and child/adult care centers in PA, MD and DC. ]
Nonprofits' Insurance Alliance of California (NIAC) - Provider of liability insurance for organizations in California. News, coverage and membership information.
Meta Description: [ Nonprofits’ Insurance Alliance of California (NIAC)-
Liability insurance tailored exclusively for 501(c)(3) nonprofits in California. Broad Coverage, competitive pricing with free, effective loss control and risk management tools. ]
Northwest Agencies' Trust - Unemployment programs exclusively for nonprofit organizations in the Northwest States-the cost-effective alternative to State Unemployment Insurance SUI tax.
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