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Property & Casualty Insurance |
| Revision as of 15:56, December 12, 2008 (edit) Smarttutor - Sr. Director (Talk | contribs) ← Previous diff |
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| - | This industry property insurance. These companies sell property insurance (insurance on homes, cars and businesses) casualty insurance (liability insurance. | + | Insurance companies in this industry sell property insurance (insurance on homes, cars and businesses) casualty insurance (liability insurance. These companies make money by collecting premiums for the poicies that they issue and investing those premiums in the market. If the total amoun that a company collects from premiums + the gains that it makes from its investments exceeds the amount that the company has to pay out, then the company is able to turn a profit. |
| [[category:Financial Services]] | [[category:Financial Services]] | ||
Insurance companies in this industry sell property insurance (insurance on homes, cars and businesses) casualty insurance (liability insurance. These companies make money by collecting premiums for the poicies that they issue and investing those premiums in the market. If the total amoun that a company collects from premiums + the gains that it makes from its investments exceeds the amount that the company has to pay out, then the company is able to turn a profit.
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