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  2. History of insurance - Wikipedia

    en.wikipedia.org/wiki/History_of_insurance

    The first known insurance contract dates from Genoa in 1347, and in the next century maritime insurance developed widely and premiums were intuitively varied with risks. [35] These new insurance contracts allowed insurance to be separated from investment, a separation of roles that first proved useful in marine insurance.

  3. Carter v Boehm - Wikipedia

    en.wikipedia.org/wiki/Carter_v_Boehm

    His judgment in Carter v Boehm was an application of his general principle to the making of a contract of insurance. It was based upon the inequality of information as between the proposer and the underwriter and the character of insurance as a contract upon a "speculation". He equated non-disclosure to fraud. He said at p 1909:

  4. Insurance - Wikipedia

    en.wikipedia.org/wiki/Insurance

    The first known insurance contract dates from Genoa in 1347. In the next century, maritime insurance developed widely, and premiums were varied with risks. [12] These new insurance contracts allowed insurance to be separated from investment, a separation of roles that first proved useful in marine insurance.

  5. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

  6. Insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Insurance_in_the_United_States

    The first insurance company in the United States underwrote fire insurance and was formed in Charleston, South Carolina, in 1735. [4] In 1752, Benjamin Franklin helped form a mutual insurance company called the Philadelphia Contributionship, which is the nation's oldest insurance carrier still in operation.

  7. What are variable annuities? Benefits, risks and how they work

    www.aol.com/finance/variable-annuities-benefits...

    Variable annuity contracts can include other features, known as riders. For example, long-term care riders can help pay for assisted living expenses while income riders can guarantee a minimum ...

  8. Life insurance - Wikipedia

    en.wikipedia.org/wiki/Life_insurance

    Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in its underwriting.

  9. Insurance for first-time drivers - AOL

    www.aol.com/finance/insurance-first-time-drivers...

    Car insurance may be an intimidating topic for first-time drivers. Many insurance companies consider new drivers riskier to insure due to their lack of experience, so they may see higher rates.

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