What events have shaped the modern insurance landscape? Which ideas, innovations and accidents stand out as landmarks in the development and growth of this most important industry known as insurance? Following is one man's opinion of the seven wonders of insurance...
Fantasy football: It's a decade-old, multibillion dollar industry that involves hundreds of companies and directly touches the lives of roughly 27 million Americans. So it makes sense that, eventually, the insurance industry would invent some new products for...
Face it, there really are only two motivations leading clients to buy insurance in the first place: 1) it's a requirement; or 2) fear. Nearly any other reason you can conjure has elements of one or both of these rationales.
It's Required
Banks, contracts and...
According to the US Bureau of Labor Statistics the seven fastest growing industries between now and 2016 are:
Management, Scientific and Technical Consulting Services;
Individual and Family Services;
Home Health Care Service;
Securities, commodity contracts and...
Negligence is the failure to act as a reasonable and prudent person would in similar circumstances. However, judgment regarding who is reasonable and prudent is often left in the hands of those who, themselves, are not reasonable and prudent – jurors. Although...
A professor at the University of Illinois at Chicago says it would be feasible for insurance companies to offer divorce insurance.
J. Christopher Westland, a professor of information and decision sciences, says he began sketching out the actuarial tables for such...
Nineteenth century attorney Russell Conwell earned more than $6,000,000 delivering his famous "Acres of Diamond" speech. He said that riches are right in front of us, although most people spend their lives looking far and wide.
It's the same with workers'...
African nations agreed to resume U.N. climate talks in Copenhagen on Monday after a half-day suspension, accusing rich countries of trying to kill the existing Kyoto Protocol. "We're going back," Pa Ousman Jarju from the delegation of Gambia, told Reuters after a...
A recently released report from the Insurance Information Institute (I.I.I.) produced some eye-opening statistics regarding dog bites. According to the study, dog bites account for one-third of all homeowners' insurance liability claims, costing $387.2 million in...
Insurance Journal launched a new video series at the beginning of the year entitled "Watching the Risk." The premise of the series is the uniqueness of every industry and the insurance and risk management issues specific to each type of insured.
To date, IJ has...
