The business of insurance affects nearly every transaction that can be quantified in the world, as it offers protection to individuals and businesses from potential financial risks through automobile, casualty, disability, health, home, liability, life, and property insurance. In exchange for a sum of money—called the premium—policyholders receive the promise of reimbursement from insurers for small and large losses due to a variety of hazards, including car accidents, property theft, fire... więcej

Salem Press Encyclopedia, 2022. 10p.