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The following information is about Insurance.

Insurance Defined

(1) A contract whereby one undertakes to indemnify another or pay a specified amount upon determinable contingencies. (2) A device for the transfer of the risks of individual entities to an insurance company, which agrees, for a consideration, to assume to a specified extent, losses suffered by the insured.
(To this definition, the Commission on Terminology adds this comment: "Notice might be taken of such characteristics of insurance as equitable contributions by insured, pooling or risks, and effecting of transfer by contract, but these are not felt to be an important part of the definition, however important they may be for an extended explanation of the business.")

This definition is in context to Insurance. See more contextual defintions for Insurance.


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St. Louis, Missouri September 8, 2008 Nebraska and Kansas farmers who plant Monsanto Company

Published September 8, 2008, 7:09 am, SeedQuest

(NYSE: MON) triple stack corn technologies in 2009 on the majority of their irrigated and/or non-irrigated acres will be eligible for savings on their qualifying crop insurance premiums.

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Standup Comedy From CPCUs

Published September 8, 2008, 7:08 am, Risk & Insurance

Who knew the subprime mortgage crisis could be so funny? Sunday, at the opening day of the CPCU Society's 2008 Annual Meeting in Philadelphia, a session on professional liability drew more than a few snickers from the attendees.

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Group says Gustav could cost insurers $8B

Published September 8, 2008, 6:56 am, Florida Today

ZURICH, Switzerland — Hurricane Gustav will cost the global insurance industry up to $8 billion, Swiss Reinsurance Co. said Monday.

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Riverwalk survives closer scrutiny

Published September 8, 2008, 6:40 am, The Mercury

CONSHOHOCKEN - It has been nearly four weeks since the massive blaze that ripped through the Riverwalk at Millennium apartment complex in Conshohocken, but the catastrophic fire is still making news ...

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Harris Private Bank Introduces Harris enCircle to Help Mature Individuals and Caregivers Navigate Complex Challenges ...

Published September 8, 2008, 6:30 am, PR Newswire via Yahoo! Finance

Harris Private Bank today announced the introduction of Harris enCircle, a service designed to help clients address the complicated financial and other challenges associated with the growing life spans of seniors.

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MassMutual Enhances Variable Annuity Portfolio, Providing Greater Retirement Income Options

Published September 8, 2008, 6:30 am, PR Newswire via Yahoo! Finance

Massachusetts Mutual Life Insurance Company announced today several enhancements to its variable annuity product portfolio, including expanded investment choices from well-known firms and a shorter contingent deferred sales charge .

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Gustav could cost insurers $8BN, says Swiss Re

Published September 8, 2008, 6:25 am, AP via Yahoo! Finance

Hurricane Gustav will cost the global insurance industry up to $8 billion, Swiss Reinsurance Co. said Monday. Insured damages from natural disasters through the end of August were 20 percent higher than in the same period last year, the company said before an annual industry meeting in Monaco this week.

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Regulators shut down failed bank in Nevada

Published September 8, 2008, 6:17 am, Post-Bulletin

WASHINGTON -- Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development. It was the 11th failure this year of a federally insured bank

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Monsanto: Kansas, Nebraska Corn Farmers Eligible For Premium Savings

Published September 8, 2008, 6:14 am, CattleNetwork.com

ST. LOUIS, Sept. 8 /PRNewswire-FirstCall/ -- Nebraska and Kansas farmers who plant Monsanto Company (NYSE: MON) triple stack corn technologies in 2009 on the majority of their irrigated and/or non-irrigated acres will be eligible for savings on their qualifying crop insurance premiums.

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Ambac Receives Regulatory Approval to Support Obligations of Its Investment Agreement Business

Published September 8, 2008, 6:02 am, Business Wire via Yahoo! Finance

NEW YORK----Ambac Financial Group, Inc. today announced that the State of Wisconsin, Office of the Commissioner of Insurance has approved up to $1 billion in future intercompany asset sales and secured lending transactions between Ambac Assurance Corp. and its Investment Agreement business affiliates which when combined with an existing approval of $200 million in secured lending transactions ...

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