noun
1.
Risk is the likelihood that an insured event occurs, that is, an event in which the insurance company is likely to pay out a Claim. Insurance companies use Risk when determining whether to insure a home, car, or individual, and when setting Premiums. People with lower Risk generally pay lower rates, and people with higher Risk generally pay higher rates.
Looking forward to retirement? It's critical to understand the difference between immediate and deferred annuities.
Not only can D&O insurance provide financial protection, but it can help improve an organization’s decision-making.
This article is perfect for helping you explore the surprising connection between your credit score and life insurance costs.