Insurance is essentially a group-oriented risk management strategy: insurance companies cover individuals and families in the event of losses and accidents by pooling money received by people with similar risks, which al... More »

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When a person has more than one health insurance plan, the primary insurance plan makes the first payment, paying until it reaches the limit of coverage before the secondary plan takes over. However, that does not mean t... More »

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Homeowners insurance protects a homeowner from the cost of repairing damage to the home caused by a covered peril, according to Investopedia. Some policies also provide liability insurance to pay the bills of someone inj... More »

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Accident insurance is insurance that compensates individuals or their beneficiaries for expenses incurred as the result of accidents. Accident insurance benefits vary according to the agreement between the insurance comp... More »

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Insurance fraud refers to any situation in which a person falsely tries to claim insurance money when that person isn't entitled to it. Insurance fraud is a crime, and it is normally categorized as either soft fraud or h... More »

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Insurance company ratings are determined by four companies: Standard and Poor’s Insurance Ratings Services, Moody’s Investor Services, Fitch Ratings and A.M. Best Company Inc., explains the Insurance Information Institut... More »

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The Texas Department of Insurance, or TDI, regulates insurance companies within the State of Texas based on the provisions of the Texas Insurance Code, as stated by the Consumer Protection Division of the Texas Attorney ... More »

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