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Insurance in the United States

Index Insurance in the United States

Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1]

61 relations: Ambulance, American Academy of Actuaries, American International Group, Amusement park, Bankers' acceptance, Casualty insurance, Charleston, South Carolina, Corporation, Demolition, Dodd–Frank Wall Street Reform and Consumer Protection Act, Employment Practices Liability, Federal Trade Commission, Financial Accounting Standards Board, Financial regulation, Financial reinsurance, Financial Stability Oversight Council, Fireworks, GEICO, Generally Accepted Accounting Principles (United States), Gramm–Leach–Bliley Act, Great Depression, Gross premiums written, Health insurance, Health insurance in the United States, History of insurance, Hot air balloon, Insurance, Insurance Company of North America, Insurance in Australia, Insurance in India, Insurance Regulatory Information System, Insurance Services Office, Jimmy Carter, Kidnap and ransom insurance, Life insurance, Market (economics), Massachusetts, McCarran–Ferguson Act, McKinsey & Company, National Association of Insurance Commissioners, New Hampshire, New York (state), Nonadmitted and Reinsurance Reform Act of 2010, Optional federal charter, Patient Protection and Affordable Care Act, Paul v. Virginia, Philadelphia Contributionship, Present value, Product recall, Risk, ..., Sawmill, Security guard, Statutory accounting principles, Structure relocation, Supreme Court of the United States, Tattoo, The Norfolk & Dedham Group, Travel insurance, United States Congress, United States Department of the Treasury, United States v. South-Eastern Underwriters Ass'n. Expand index (11 more) »

Ambulance

An ambulance is a vehicle for transportation, from or between places of treatment, and in some instances will also provide out of hospital medical care to the patient.

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American Academy of Actuaries

The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas.

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American International Group

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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Amusement park

An amusement park is a park that features various attractions, such as rides and games, as well as other events for entertainment purposes.

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Bankers' acceptance

A banker's acceptance, is a promised future payment, or time draft, which is accepted and guaranteed by a bank and drawn on a deposit at the bank.

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Casualty insurance

Casualty insurance is a problematically defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance.

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Charleston, South Carolina

Charleston is the oldest and largest city in the U.S. state of South Carolina, the county seat of Charleston County, and the principal city in the Charleston–North Charleston–Summerville Metropolitan Statistical Area.

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Corporation

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

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Demolition

Demolition or razing is the tearing down of buildings and other man-made structures.

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Dodd–Frank Wall Street Reform and Consumer Protection Act

The Dodd–Frank Wall Street Reform and Consumer Protection Act (commonly referred to as Dodd–Frank) was signed into United States federal law by US President Barack Obama on July 21, 2010.

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Employment Practices Liability

Employment Practices Liability is an area of United States law that deals with wrongful termination, sexual harassment, discrimination, invasion of privacy, false imprisonment, breach of contract, emotional distress, and wage and hour law violations.

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Federal Trade Commission

The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act.

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Financial Accounting Standards Board

The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest.

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Financial regulation

Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system.

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Financial reinsurance

Financial Reinsurance (or fin re), is a form of reinsurance which is focused more on capital management than on risk transfer.

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Financial Stability Oversight Council

The Financial Stability Oversight Council (FSOC) is a United States federal government organization, established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama on July 21, 2010.

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Fireworks

Fireworks are a class of low explosive pyrotechnic devices used for aesthetic and entertainment purposes.

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GEICO

The Government Employees Insurance Company (GEICO) is an American auto insurance company with headquarters in Chevy Chase, Maryland.

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Generally Accepted Accounting Principles (United States)

Generally Accepted Accounting Principles, also called GAAP or US GAAP, is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC).

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Gramm–Leach–Bliley Act

The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, is an act of the 106th United States Congress (1999–2001).

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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Gross premiums written

Gross premiums written is the sum of both direct premiums written and assumed premiums written before the effect of ceded reinsurance.

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Health insurance

Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.

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Health insurance in the United States

Health insurance in the United States is any program that helps pay for medical expenses, whether through privately purchased insurance, social insurance, or a social welfare program funded by the government.

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History of insurance

The history of insurance traces the development of the modern business of insurance against risks, especially regarding cargo, property, death, automobile accidents, and medical treatment.

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Hot air balloon

A hot air balloon is a lighter-than-air aircraft consisting of a bag, called an envelope, which contains heated air.

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Insurance

Insurance is a means of protection from financial loss.

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Insurance Company of North America

Insurance Company of North America (INA) is the oldest stock insurance company in the United States, founded in Philadelphia in 1792.

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Insurance in Australia

Australia's insurance market can be divided into roughly three components: life insurance, general insurance and health insurance.

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Insurance in India

Insurance in India refers to the market for insurance in India which covers both the public and private sector organisations.

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Insurance Regulatory Information System

The Insurance Regulatory Information System (IRIS) is a database of Insurance companies in the United States run by the National Association of Insurance Commissioners.

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Insurance Services Office

Insurance Services Office, Inc. (ISO), a subsidiary of Verisk Analytics, is a provider of statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services.

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Jimmy Carter

James Earl Carter Jr. (born October 1, 1924) is an American politician who served as the 39th President of the United States from 1977 to 1981.

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Kidnap and ransom insurance

Kidnap and ransom insurance or K&R insurance is designed to protect individuals and corporations operating in high-risk areas around the world.

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Life insurance

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

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Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

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Massachusetts

Massachusetts, officially known as the Commonwealth of Massachusetts, is the most populous state in the New England region of the northeastern United States.

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McCarran–Ferguson Act

The McCarran–Ferguson Act, 15 U.S.C. §§ 1011-1015, is a United States federal law that exempts the business of insurance from most federal regulation, including federal antitrust laws to a limited extent.

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McKinsey & Company

McKinsey & Company is an American worldwide management consulting firm.

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National Association of Insurance Commissioners

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.

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New Hampshire

New Hampshire is a state in the New England region of the northeastern United States.

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New York (state)

New York is a state in the northeastern United States.

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Nonadmitted and Reinsurance Reform Act of 2010

On July 21, 2010, President Barack Obama signed into law the federal Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"), which contains the Nonadmitted and Reinsurance Reform Act of 2010 ("NRRA").

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Optional federal charter

Optional Federal Charter (OFC) is a proposal to streamline and simplify US insurance regulation by allowing insurance companies to choose between a current state-based regulatory system and a single federal regulatory agency.

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Patient Protection and Affordable Care Act

The Patient Protection and Affordable Care Act, often shortened to the Affordable Care Act (ACA) or nicknamed Obamacare, is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.

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Paul v. Virginia

Paul v. Virginia,, is a U.S. corporate law case, of the United States Supreme Court.

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Philadelphia Contributionship

The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire is the oldest property insurance company in the United States.

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Present value

In economics and finance, present value (PV), also known as present discounted value, is the value of an expected income stream determined as of the date of valuation.

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Product recall

A product recall is a request to return a product after the discovery of safety issues or product defects that might endanger the consumer or put the maker/seller at risk of legal action.

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Risk

Risk is the potential of gaining or losing something of value.

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Sawmill

A sawmill or lumber mill is a facility where logs are cut into lumber.

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Security guard

A security guard (also known as a security officer or protective agent) is a person employed by a public or private party to protect the employing party’s assets (property, people, equipment, money, etc.) from a variety of hazards (such as waste, damaged property, unsafe worker behavior, criminal activity such as theft, etc.) by enforcing preventative measures.

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Statutory accounting principles

The statutory accounting principles are a set of accounting rules for insurance companies set forth by the National Association of Insurance Commissioners.

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Structure relocation

A structure relocation is the process of moving a structure from one location to another.

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Supreme Court of the United States

The Supreme Court of the United States (sometimes colloquially referred to by the acronym SCOTUS) is the highest federal court of the United States.

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Tattoo

A tattoo is a form of body modification where a design is made by inserting ink, dyes and pigments, either indelible or temporary, into the dermis layer of the skin to change the pigment.

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The Norfolk & Dedham Group

The N&D Group is a group of mutual insurance companies based in Dedham, Massachusetts.

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Travel insurance

Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame.

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United States Congress

The United States Congress is the bicameral legislature of the Federal government of the United States.

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United States Department of the Treasury

The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.

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United States v. South-Eastern Underwriters Ass'n

United States v. South-Eastern Underwriters Association,, is a United States Supreme Court case in which the Court held that the Sherman Act, the federal antitrust statute, applied to insurance.

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References

[1] https://en.wikipedia.org/wiki/Insurance_in_the_United_States

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