Captive agents represent only a single insurer. In some instances, they may even be employees of the insurer. Examples of captive agents are agents who sell State Farm, Allstate, Nationwide, and Farmers policies. A State Farm agent, for example, is limited to offering the policies offered by the State Farm companies. If a given customer seeks a type of insurance not offered by a captive agent insurer, the customer will end up having to go to another agent or broker to obtain a quote or a policy. (more…)

Health insurance as we generally think of it in the United States began with the Great Depression in the 1930s. In this artilce, we review the history of health insurance and demonstrate how that history is linked to current health insurance developments. Predating private health insurance were efforts at government-sponsored coverage for workplace injury. The Great Depression led hospitals and then physicians to implement forms of insurance as means to assure payment for services. Ironically, conventional insurance and managed care were developed at this same time. (more…)

Having an insurance is not always synonymous with that for any incident, the insurance company pays for all the damages. There are a number of occurrence specified in the insurance contract where companies can refuse to cover a claim. (more…)

Introduction to Insurance Savings and investment

The risk-free investment grows stronger in all fields, also it is happened in the insurance market of savings and investment, now focused on products with guaranteed capital at the expense of offering low returns (between 2% and 5% APR). The life-savings insurance is life insurance policies that assure the holder in the medium to long term, since one year. (more…)