insurance Archives - MultiMedia

What Is Liability-Only Insurance?

Nicolae Sfetcu — Thu, 23 Jul 2026 01:22:22 +0000

Liability-only insurance is a type of insurance policy that covers damage or injury you cause to other people, but generally does not pay for damage to your own property or for your own injuries. The term is most commonly used … Read More

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How much house can I afford?

Nicolae Sfetcu — Mon, 02 Mar 2026 13:48:44 +0000

A realistic sense of how much house you can afford starts with understanding how lenders evaluate your finances and how those numbers translate into a comfortable monthly payment. The goal isn’t just qualifying for a mortgage — it’s making sure … Read More

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Insurance Glossary

Nicolae Sfetcu — Thu, 23 Nov 2023 22:36:02 +0000

Insurance terminology and risk management. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential … Read More

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Principles of insurance

Nicolae Sfetcu — Sat, 23 Aug 2014 02:13:20 +0000

Losses must be uncertain. The rate of losses must be relatively predictable: In order to set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger … Read More

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Insurance fraud (False insurance claims)

Nicolae Sfetcu — Sun, 04 May 2014 09:37:22 +0000

Insurance fraud or false insurance claims are insurance claims filed with the intent to defraud an insurance provider. In the United States insurance fraud is estimated to cost US$875 per person per year with The Coalition Against Insurance Fraud estimating … Read More

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General insurance

Nicolae Sfetcu — Sat, 27 Oct 2012 21:48:23 +0000

General insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurancetypically comprises any insurance that is not determined to be life insurance, and is called property and casualty insurance in … Read More

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Death spiral

Nicolae Sfetcu — Fri, 17 Aug 2012 19:51:40 +0000

Death spiral is a term used to describe an insurance plan whose costs are rapidly increasing as a result of changes in the covered population. It is the result of adverse selection in insurance policies where lower risk policy holders … Read More

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Bancassurance

Nicolae Sfetcu — Fri, 03 Aug 2012 20:36:04 +0000

National Westminster Bank, Liverpool Bancassurance is the term applied to describe the sale of insurance solutions in a bank. The word can be a combination of “banc” and “assurance” signifying that both banking and insurance is supplied by the exact … Read More

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Insurance for confirmation and execution of orders

Nicolae Sfetcu — Wed, 24 Mar 2010 15:12:35 +0000

Insurance Asigurare 1. As requested, we have arranged insurance and will attach the policy to shipping documents. 2. We have noted that you are covering insurance yourselves. 1.După cum aţi solicitat am aranjat asigurarea şi vom anexa poliţa la documentele … Read More

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Order insurance

Nicolae Sfetcu — Mon, 08 Jun 2009 14:25:06 +0000

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