Insurance Info
Evolution of Insurance – Know the best
The origin of insurance is lost in antiquity. The earliest traces of insurance in the ancient world are found in the form of marine trade loans or carriers’ contracts which included an element of insurance. Evidence is on record that arrangements embodying the idea of insurance were made in Babylonia, India and Sindhu at quite a...
Sam Arian
What is Doctrine of Subrogation?
The doctrine of subrogation refers to the right of the insurer to stand in the place of the insured, after settlement of a claim, in so far as the insured’s right of recovery from an alternative source is involved. If the insured is in a position to recover the loss in full or in part from a third party due to whose negligence t...
Sam Arian
COASTAL Act - Consumer Option for an Alternative…
Recently Republican Senator Mr. Roger Wicker had introduced a bill which is named as “COASTAL Act – Consumer Option for an Alternative System to Allocate Losses”; in which the a formula has been given where the ease solution can address to the hurricane and such sorts of natural disasters affected people. According to the Mr. Se...
Sam Arian
Principles of insurance
The insurance is based upon following basic principles: 1. Principle of Cooperation: Insurance is a cooperative device. If one person is providing for his own losses, it cannot be strictly an insurance because in insurance, the loss is shared by a group of persons who are willing to cooperate. In ancient period, the persons or...
Sam Arian
Definition of Insurance
The definition of insurance can be made from two points. Firstly functional definition and secondly contractual definition; here we are elaborating both definitions for the best understanding about insurance. Functional Definition: Insurance is co-operative device to spread the loss caused by a particular risk over a number of...
Sam Arian
We are for You
The main aim of this site is providing the best and update insurance information to the customers and insured people around the world. Today when even the top developed countries like USA, UK, Germany, Japan, Australia etc are facing acute need of security and protection of their citizens, where it is observed that mankind is seemed venerable by security, diseases and natural disasters like tsunami, flood, tornado, earthquake and same sorts of accidents then it is very much necessary to make insure the all people for avoiding the potential downfall of the results.
Amar Fayaz
Sam Arian
