What is meant by an insurance company?

Insurance corporations are financial intermediaries which offer direct insurance or reinsurance services, providing financial protection from possible hazards in the future.

What is an insurance company called?

An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter.

What is a insurance company example?

Some well-known examples of insurance companies that sell both homeowners and auto insurance include Progressive, Nationwide, Allstate

Allstate
The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993 but still partially owned by Sears, until it became completely an independent company in June 1995.
https://en.wikipedia.org › wiki › Allstate

, Liberty Mutual, and Travelers, among many others.

What is the meant by insurance?

Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.

Leave a Reply

Your email address will not be published. Required fields are marked *