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legal insurance not covered
There is no mention of any kind of legal expenses insurance, legal protection insurance, defense insurance or whatever it might be called by the insurance corporation. This is a type of insurance getting more and more important for the everyday person. I am hoping that an expert in this area will step up. Thanks. John sej (talk) 02:13, 3 October 2008 (UTC)
Old topics
I updated the first section on prinicples of insurance. I'm not too sure about what I said about the NAIC and Guaranty Funds (factually I'm sure but in terms of placing, relevenece I'm not). My limited time limits my contribution but I will ocme back and visit to work on it some more. NOte to anyone who would like to tackle a factual information section, the insurance information institute has lots of figures and statistics, etc and could be a useful place to look. . I agree that legal principle like moral hazard and adverse selection need desperatley to be tackled.
This article seriously needs input from economists and marketing people. I'll do what I can when I have the time, but it reads like a current affairs piece and doesn't contain any discussion of fundamental features of insurance markets like information assymetry, moral hazard and adverse selection and the associated marketing techniques to avoid them.
Private health insurance is a major matter only for travellers and citizens of the US. It does not deserve this much space in this article. Move it to a more specific article like US health insurance. Most people reading this are not Americans, and don't care. What you say can be said in about one paragraph on that issue.
There is plenty to talk about insurance in general, e.g . reinsurance markets (see commodity markets for an example of how that could be structured), morbidity calculations, actuarial professions, use of insurance for portfolio management (very common as a tax planning instrument), etc., etc., etc., etc.
This page needs work. There's a lot more to be said about insurance. Also, the "abuses" section needs to be rewritten for NPOV. -- Cjmnyc 07:48, 31 Jul 2003 (UTC)
Insurance is a complex and remarkably interesting subject. Someone smarter than I needs to work on this one.
I have been doing some work on ] and note the large number of modern insurance companies who evolved from such groups.
Paul, in Saudi
what about insurance brokers?
Insurance broker represents buyer rather than a insurance company and should find a best policy for buyer in comparison shopping.A Broker of Record for you should assist you with adding new employees or terminating employees from your group plan. They should also help you claim problems, Answering employees' questions about how their plan works. Remember- Your agent is getting a commission every month from the insurance company to service your account-Make sure they are giving you the service you deserve?
Response to above: Also, Insurance Brokers represent the client, and the companies they sell for and try to find a fair balance. I am an insurance broker and know that it is not a one way street if you are a broker. I have a duty to protect the client and the insurers.
Lack of Knowledge of Policyholders
I removed the portion of this that mentioned poorer policyholders not understaing the fees in insurance documents. I suppose I felt uncomfortable connecting lack of financial resources with lack of intellectual ability.
I feel this section needs more work, as does the rest of the article - I plan on adding to the introductory section, perhaps including concepts such as insurable interest, insurability, underwriting etc. Perhaps contrasting insurance with gambling (as is done on the gambling page). --Socs 09:30, 16 Jun 2004 (UTC) I can write about them
Removed paragraph
Removed this paragraph: it is rambling, non-insurance-specific, and has no important point to make. ] 00:06, 30 Oct 2004 (UTC)
The other paragraph added by the same anon is nearly as bad, very POV and very little information. I'll remove it for now and we can refactor it and put it back in. - Taxman 18:06, Nov 8, 2004 (UTC)
Lack of Marine Insurance & Air Cargo Insurance
Lack of Marine Insurance and Air Cargo Insurance. Need any expert from Insurance Business to input.
Added
Added statistics and an external link. Johnwhunt 00:06, 22 Mar 2005 (UTC)
Rework agenda
- Taxman suggested developing salvage plans for this article. While many groan at the notion of committees, they do share one drawback in common with democracy: being the worst possible choice, except the rest. In any case, anyone is welcome to add to, or amend, the 'agenda' items below. The agenda will simply draw from the above suggestions for now, but perhaps will be prioritized later; meanwhile, another go at reworking the article... Ombudsman 03:25, 16 Jun 2005 (UTC)
agenda discussion
Ok, most of that looks pretty good. I was looking for more of a simple text outline, but this works too. I didn't want to comment in the table, but what do you mean by "fuzzy-logic gutwrenchers" and "touchy feelings:". I don't know if you're going to get much of a committee, you might be it. Also I think we should flesh out the material in the article sections, and make fixing up a lead section to the last thing. First, maybe we should decide what topics need their own sections, what are the top level sections, etc. - Taxman 14:43, Jun 16, 2005 (UTC)
- Unlike insurance contracts, agenda section titles need brevity, without the complexities that disengage them from a mere mortal's sensory realities. The blue and green agenda sections address absolute, straightforward content issues that can be handled in a relatively objective manner; sky is blue, green light kinda stuff. Encyclopedic content, by definition, is extruded through deductive, algorithmic superficial processes, perhaps filtered in the upper agenda sections; moderation of subsurface POV issues and political compass matters can be addressed in the lower sections. The laws of organizational entropy ensure the influence of absolutist objectivity may well consolidate issues in the upper section, finding enhancement through the ministrations of small tent, blue sky expert worshipper minions (see Post Autistic Economics). The orange and soft rose sections deal with relative, absolutely subjective matters; 'shortest path isn't a straight line', 'Danger, Will Robinson!', 'rose colored glasses' sorta stuff. Discussion of relatively subjective issues will find sanctuary in the wilderness of this talk page, perhaps protected in the lower sections, where non-Aristotelian laws, obeyed by Church of the Holy Donut congregants and their ilk, govern survival of the fittest beyond the tent shielding whatever it is the prevailing paradigm happens to be. The committee idea may seem over the top for the moment, but this aspect of the agenda is intentionally open-ended, as a Wikipedia:WikiProject Insurance is anticipated; the Wiki will be around long term, yes? Ombudsman 19:17, 16 Jun 2005 (UTC)
Comment on the Gambling Analogy
The dictionary definition of a bet is to risk a sum of money against someone else’s on the basis of the outcome of an unpredictable event. I can see why one might want to compare this to insurance but the resemblance is specious. The funademental difference is that (i) prior to me making a bet there is no risk, whereas with insurance the risk that my house burns down or my car is stolen already exists (even if I do not take out insurance), and (ii) by taking out insurance I will not profit if I experience an insured event, I will simply be indemnified by the insurance company for the loss I suffer, however gambling is about profiteering. If the section on gambling is to remain I think it should highlight these differences.
I do not see the relationship with moral hazard and think it requires further explanation.
The reason the Amish avoid insurance is not (simply) because it is like gambling (which it isn’t) but because they have no need for it and it would imply a lack of trust in God. I do not think their beliefs should be misstated.
You reasoning that most societies could not afford a similar system of mutual support for individuals when disaster strikes is is al
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