Insurance Source Group

All about insurance

Month: April 2020

Proximate clause

116 ViewsWhen someone else’s negligence has injured you, you have a right to expect the at-fault party to pay for your injuries and other damages. It means dealing with the at-fault party’s insurance company. If you’ve been injured in a…

American Family Insurance

122 ViewsAmerican Family Insurance dates back to 1927. Now with over 90 years in the business, it ranks well in customer satisfaction surveys and reviews, and offers coverage in 19 states for home, car, life, travel, and business insurance. American…

Reinsurance

164 ViewsReinsurance programs provide payments to health insurers to help offset the costs of enrollees with large medical claims. Today insurers will pass this subsidy on to consumers, so this program will reduce premiums (in aggregate) by roughly the amount…

Lloyd’s of London Insurance company

169 ViewsCompany Perspectives Lloyd’s of London is one of the world’s most established and oldest international insurance and reinsurance markets. And also transacting business worth billions of pounds in premiums every year. It is not an insurance company but a…

Insurable Interest

124 ViewsThe party purchasing the insurance must have an “insurable interest” in the insured item/person. Otherwise, the purchaser or other interested party will not be able to enforce a claim under the insurance policy. The Insurance Claims Complaints Bureau has…

Types of insurance

116 ViewsInsurance companies design insurance policies by grouping risks according to their focus. This gives a measure of uniformity in the risks that are covered by types of insurance. As well as it turn allows insurers to anticipate their potential…