insurance

Definitions

  • WordNet 3.6
    • n insurance written contract or certificate of insurance "you should have read the small print on your policy"
    • n insurance promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
    • n insurance protection against future loss
    • ***
Webster's Revised Unabridged Dictionary
  • Interesting fact: Club Direct, a travel insurance company in Britain, provides insurance plans for protection from falling coconuts
    • Insurance A guaranty, security, or pledge; assurance. "The most acceptable insurance of the divine protection."
    • Insurance Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury.
    • Insurance The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance n., 6.
    • Insurance The premium paid for insuring property or life.
    • Insurance The sum for which life or property is insured.
    • ***
Century Dictionary and Cyclopedia
  • Interesting fact: Ben Franklin invented crop insurance.
    • n insurance The act of insuring or assuring against loss; a system of business by which a company or corporation (called an insurance company, or, rarely, assurance company or society) guarantees the insured to a specified extent and under stipulated conditions against pecuniary loss arising from such contingencies as loss of or damage to property by fire or the efforts to extinguish fire (fire-insurance), or by shipwreck or disaster at sea (marine insurance), or by explosion, breakage, or other accidents to property, or the loss of future earnings, either through disablement (accident-insurance) or through death (life-insurance), etc. Also called assurance.
    • n insurance Specifically In law, a contract by which one party, for an agreed consideration (which is proportioned to the risk involved), undertakes to compensate the other for loss on a specified thing, from specified causes. The party agreeing to make the compensation is usually called the insurer or underwriter, the other the insured or assured, the agreed consideration the premium, the written contract a policy, the events insured against risks or perils, and the subject, right, or interest to be protected the insurable interest. Bouvier.
    • n insurance The premium paid for insuring property, life, etc.
    • n insurance Engagement; betrothal.
    • ***
Chambers's Twentieth Century Dictionary
  • Interesting fact: Stanley Kubrick approached Lloyd's of London about an insurance policy in case extraterrestrial life was discovered before the release of his movie 2001: A Space Odyssey.
    • ns Insurance the act of insuring, or a contract by which one party undertakes for a payment or premium to guarantee another against risk or loss—the written contract called the Insur′ance-pol′icy: the premium so paid
    • ***

Quotations

  • Gilbert Adair
    Gilbert Adair
    “We need cancer because, by the very fact of its insurability, it makes all other diseases, however virulent, not cancer.”
  • Jack Benny
    Jack Benny
    “I don't want to tell you how much insurance I carry with the Prudential, but all I can say is: when I go, they go too.”
  • Bertolt Brecht
    Bertolt%20Brecht
    “You don't need to pray to God any more when there are storms in the sky, but you do have to be insured.”
  • Al Bundy
    Al Bundy
    “Insurance is like marriage. You pay, pay, pay, and you never get anything back.”
  • Ralph Nader
    Ralph Nader
    “For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady line of sacred bull.”
  • Wes Smith
    Wes Smith
    “The chief beneficiary of life insurance policies for young, single people is the life insurance agent.”

Etymology

Webster's Revised Unabridged Dictionary
From Insure
Chambers's Twentieth Century Dictionary
O. Fr. enseureren, and seur, sure.

Usage

In literature:

This insures a perfect roller.
"The Building of a Book" by Various
First of all Sybil locked the door, to insure herself and her companion from interruption.
"Cruel As The Grave" by Mrs. Emma D. E. N. Southworth
Insurers observed that the risk-insurance companies had not collapsed and could still pay off if necessary.
"The Pirates of Ersatz" by Murray Leinster
He took out a small life insurance, though it almost broke her heart to think of his dying.
"The Girls at Mount Morris" by Amanda Minnie Douglas
Their insurance cards were stamped and their wages were paid up to date.
"Lady Bountiful" by George A. Birmingham
I first spoke to Celia about the insuring of the staff some weeks ago.
"Once a Week" by Alan Alexander Milne
For insuring of horses.
"Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay
But this prospect did not insure safety or promise life to the unfortunates who had been trapped in her bowels.
"Blow The Man Down" by Holman Day
Almost all wage-earners in Fall River carry burial or life insurance and the insurance business is said to be thriving.
"The Cost of Living Among Wage-Earners" by National Industrial Conference Board
You must pay this insurance.
"The Wreck of the Titan" by Morgan Robertson
Like all persons convinced of the expediency of a thing, Mrs. Dale saw nothing wanting but opportunities to insure success.
"The International Monthly, Volume 2, No. 4, March, 1851" by Various
The money was not spent on books only, but included expenditure on binding, periodicals, and on insurance.
"Report of the Chief Librarian" by J. O. Wilson and General Assembly Library (New Zealand)
But he protested he had made every effort to insure his getting up soon enough.
"Punch - Volume 25 (Jul-Dec 1853)" by Various
To insure proper keeping quality, somewhat higher temperatures must be employed, such as 145 deg.
"Outlines of dairy bacteriology" by H. L. Russell
Upon this paradox life insurance rests.
"The Galaxy, May, 1877" by Various
HOW THE INSURANCE COMPANIES FARED.
"The Complete Story of the Galveston Horror" by Various
It's going to be an expensive insurance policy.
"Project Cyclops" by Thomas Hoover
Tell them it's her insurance.
"Project Daedalus" by Thomas Hoover
He thought the only way to save the family from ruin was to collect on his life insurance.
"Syndrome" by Thomas Hoover
It was invented, developed, and most skilfully worked forward into a success which is one of the wonders of the insurance world.
"The Brothers' War" by John Calvin Reed
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In poetry:

When asked if he’d anything to say
Why he shouldn’t be sentenced for life
He said, “I don’t care what becomes of me
But I’d like to insure the wife.”
"The Wedding That Never Was" by Billy Bennett
The Beaver's best course was, no doubt, to procure
A second-hand dagger-proof coat—
So the Baker advised it— and next, to insure
Its life in some Office of note:
"The Hunting Of The Snark " by Lewis Carroll
It is wrong to assume that art needs the spectator
in order to be. The film runs on without any eyes.
The spectator cannot exist without it. It insures
his existence.
"Notes On Vision" by James Douglas Morrison
We tickle the ear to insure our success;
The form of intemperance in tinsel we dress;
And think, where our earnest endeavour oft fails,
Our end we attain by sensational tales.
"To Members And Office-Bearers of Temperance Societies" by Janet Hamilton
None else cou'd have insur'd the joys above,
None cou'd the curse, which we deserv'd, remove,
But Jesus Christ who was the sinless seed,
From Abraham's loins, erst promis'd to proceed.
"Advice, To Search For The Lord Jesus Christ" by Rees Prichard
He was trav'ling for a company, insuring people's lives;
And stayed about a month in Dingo Flat;
But his biz was rather dull, and we took him for a gull,
An amazing simple-minded one at that.
"Hopeful Hawkins" by C J Dennis

In news:

The mining co mpany that hired a truck company as a contractor is considered an insured under the truck company's insurance policy with regards to an injured trucking employee, the Indiana Court of Appeals ruled.
Switch to term insurance … if you must have insurance.
Getting renter 's insurance If you're apartment hunting, add renter 's insurance to your list of things to buy.
The Rocky Mountain Insurance Information Association says less than half of all tenants have Renter 's Insurance.
TARBORO — North Carolinians will pay more overall for insurance coverage after insurance commissioner Wayne Goodwin signed a settlement agreement with the insurance companies.
She said Texas insurers most often retroactively deny claims in their role as third-party administrators for self-insured employers.
At a time when health insurance rates are rising at an almost surreal pace, it will likely not come as a great surprise that the nation's largest health insurance companies are posting record profits for the third year in a row.
He vetoed the State Children's Health Insurance Program -- a program that provides health insurance for millions of kids.
Cash value, or permanent, life insurance is life insurance that is designed to be kept until your death--whenever that may be.
A Brewton insurance agency is spreading its wings this week by becoming a part of a national insurance services organization.
When Mike Quigley took over the city's insurance needs nearly a decade ago, the city was paying nearly $4 million per year for a variety of insurance products.
A lawyer who also is a licensed insurance broker may sell insurance products to the general public, provided that the lawyer fully complies with the Rules of Professional Conduct applicable to lawyers acting in non-lawyer capacities.
However, social insurance has been divided into military personnel, civil servant, public school teacher, worker, farmer, national and other insurance programs.
Steve Springer and Bennett O'Connor, both of the Town & Country Insurance office of Fort Dodge, have completed the annual continuing education requirement of the Society of Certified Insurance Counselors recently held in Cedar Rapids.
Here's how you can insure your life insurance is the proper fit for you.
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In science:

We provide here a production model and direct the reader to for a discussion of telecommunications and insurance risk examples.
Tail asymptotics for the maximum of perturbed random walk
Model ling Extremal Events for Insurance and Finance.
Diffusivity in one-dimensional generalized Mott variable-range hopping models
This insures that the first term also vanishes in the kM → ∞ limit for any finite value of ǫ.
Interacting Particle Systems in Complex Networks
Model ling Extremal Events for Insurance and Finance.
On lower limits and equivalences for distribution tails of randomly stopped sums
Research supported financially by the AXA chair “Large Risks in Insurance” (C. Y.
Tails of random sums of a heavy-tailed number of light-tailed terms
This setting is relevant, for instance, for earthquake insurance, featuring a potentially large number of bounded claims, or in the case of individual unobserved heterogeneity, as well as in queueing theory, see Section 6.
Tails of random sums of a heavy-tailed number of light-tailed terms
Section 6 concludes the paper with applications to insurance and operations research.
Tails of random sums of a heavy-tailed number of light-tailed terms
Earthquake insurance provides coverage to the policyholder in the event of an earthquake that causes damage to the policyholder’s properties.
Tails of random sums of a heavy-tailed number of light-tailed terms
Modelling Extremal Events for Finance and Insurance.
Tails of random sums of a heavy-tailed number of light-tailed terms
This is the least possible value allowed for N , i.e. that insures that N + βN +i = −i for all i > 0.
Quiver varieties, category O for rational Cherednik algebras, and Hecke algebras
Ginsparg-Wilson equation insures the invariance of the action FS .
Note on the Lattice Fermion Chiral Symmetry Group
The survey includes 870 participants who receive financial benefits under the Unemployment Insurance Act (UIA).
Accounting for self-protective responses in randomized response data from a social security survey using the zero-inflated Poisson model
Measuring noncompliance in insurance benefit regulations with randomized response methods for multiple items.
Accounting for self-protective responses in randomized response data from a social security survey using the zero-inflated Poisson model
Assumption F(H ) insures the convergence of bracket term at ∞.
A nonparametric estimator of the spectral density of a continuous-time Gaussian process observed at random times
Mikosch, Model ling Extremal Events for Insurance and Finance, (Springer-Verlag, London, 1997).
On Sums of Conditionally Independent Subexponential Random Variables
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