Full Introduction To Insurance
Insurance Companies in the United States: An Overview Insurance is an integral part of modern life in the United States. It is a system by which individuals and businesses transfer their risk to insurance companies in exchange for payment of premiums. Insurance companies, in turn, invest the premiums and use the returns to pay for claims and expenses. In this article, we will discuss the types of insurance companies in the United States, their history, regulation, and current state of the industry. Types of Insurance Companies There are two types of insurance companies in the United States: stock insurance companies and mutual insurance companies. Stock insurance companies are owned by shareholders, who expect a return on their investment. Mutual insurance companies, on the other hand, are owned by policyholders and operate as non-profit organizations. Policyholders of mutual companies receive dividends instead of stock dividends. There are also several types of insurance companies ba