Insurance principle

Insurance principle
The law of averages. The average outcome for many independent trials of an experiment will approach the expected value of the experiment. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • insurance principle — The law of averages. The average outcome for many independent trials of an experiment will approach the expected value of the experiment. Bloomberg Financial Dictionary …   Financial and business terms

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • Insurance contract — An Insurance contract determines the legal framework under which the features of an insurance policy are enforced. Insurance contracts are designed to meet very specific needs and thus have many features not found in many other types of contracts …   Wikipedia

  • Kosmopoulos v. Constitution Insurance Co. of Canada — SCCInfoBox case name=Kosmopoulos v. Constitution Insurance Co. of Canada full case name=Constitution Insurance Company of Canada, Simcoe Erie General Insurance Company, Providence Washington Insurance Company, Security National Insurance Company …   Wikipedia

  • Marine insurance — Admiralty law History …   Wikipedia

  • Non-aggression principle — Part of a series on Libertarianism …   Wikipedia

  • Home Insurance Building — Infobox Skyscraper building name= Home Insurance Building built= 1885 use= Office location= Chicago, USA antenna spire= roof= 138 feet (42 meters) top floor= After addition of the final two floors 180 feet (54.9 meters) floor count= 10 (later 12) …   Wikipedia

  • Deposit insurance — Experiences from bank runs during the Great Depression led to the introduction of deposit insurance in the US …   Wikipedia

  • Protection and indemnity insurance — Protection and indemnity insurance, commonly known as P I, is a form of marine insurance provided by a P I Club. A P I Club is a mutual (i.e. co operative) insurance association that provides cover for its members, who will typically be ship… …   Wikipedia

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