tag:blogger.com,1999:blog-41713088276872231092012-01-20T10:13:31.779+07:00Car Insurance, Car Insurance Rates, Car Insurance Quotes, Online Car Insurance Rates, Insurance Information Institute, Idaho Department of Insurance, Arizona Department of InsuranceOZshttp://www.blogger.com/profile/16625766275119451415noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-4171308827687223109.post-34742549386612334532009-10-02T20:22:00.000+07:002009-10-02T20:24:36.918+07:00<div style="text-align: justify;"><span style="font-weight: bold;">Insurance</span>, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.<br /></div><br /><span style="font-weight: bold;">Commercially insurable risks typically share seven common characteristics</span>.[1]<br /><span style="font-size:100%;"><br />1. A large number of homogeneous exposure units.<br /><br />2. Definite Loss.<br /><br />3. Accidental Loss.<br /><br />4. Large Loss.<br /><br />5. Affordable Premium.<br /><br />6. Calculable Loss.<br /><br />7. Limited risk of catastrophically large losses.</span><br /><br /><span style="font-weight: bold;">Read more ...</span> ( <a href="http://en.wikipedia.org/wiki/Insurance">click here</a> )<br /><br /><div style="text-align: center;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_KwPddOVnBpE/STIHWGI95jI/AAAAAAAAAFY/opf16KY2t1M/s1600-h/Insurance.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 173px;" src="http://2.bp.blogspot.com/_KwPddOVnBpE/STIHWGI95jI/AAAAAAAAAFY/opf16KY2t1M/s320/Insurance.jpg" alt="" id="BLOGGER_PHOTO_ID_5274286189791012402" border="0" /></a>Image from: <a href="http://www.captaincompare.com/">www.captaincompare.com</a><br /></div><br />From <a href="http://en.wikipedia.org/wiki/Insurance">Wikipedia</a>, the free encyclopedia<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/4171308827687223109-3474254938661233453?l=ozs-insurance.blogspot.com' alt='' /></div>OZshttp://www.blogger.com/profile/16625766275119451415noreply@blogger.com1