Companies offering a variety of personal, business, and industrial insurance policies.



A-Z Business Listings :



 
  • Accident Fund Corporation

    Workers compensation insurance for residence of Mid-Michigan. Company headquarters are located in Lansing, Michigan.

  • Al Bourdeau Insurance Agency

    Al Bourdeau Insurance Agency is one of the largest and oldest insurance agencies in Michigan. We represent many insurance companies, more than most other insurance agencies. We know how to work with our companies effectively. That means we help you get the best coverages at the lowest price. As our customer, you'll never know how hard we work to save you money! We make it easy for you.

  • Blue Cross and Blue Shield of Michigan

    Health and dental insurance carrier providing information and online forms for card holders, physicians, dentists, hospitals and group customers.

  • Frankenmuth Mutual Insurance Company

    Property and casualty insurance company providing coverage throughout the Midwest. Includes locator for independent agents by zip code or area code.

  • Fremont Michigan InsuraCorp, Inc.

    Fremont Insurance Company, a subsidiary of Fremont Michigan InsuraCorp., Inc., is a Michigan exclusive property and casualty insurance carrier with headquarters in Fremont, Michigan since our inception in 1876. Because we make our own homes and livelihood in Michigan, we understand our State's unique geography, climate, demographics, and lifestyles.

  • Mazzali Insurance Agency, Inc.

    The Mazzali Insurance Agency, Inc. is comprised of knowledgeable, experienced and ethical personnel. Our objective is to advise clients how to best manage their risks and to act as an efficient, responsible intermediary for Company and Client alike.

  • MEEMIC Holdings, Inc.

    Holding company with subsidiary which offers personal lines insurance primarily to educational employees and their immediate families. (Nasdaq: MEMH).

  • Michigan Association of Insurance Agents (MAIA)

    Offers information for consumers and insurance agents including legislative activities and continuing education.

  • Michigan Farm Bureau

    Michigan's largest general agricultural organization. Since its establishment in 1919, Farm Bureau has been dedicated to defending the rights and economic interests of its members.

  • Michigan Insurance Company

    Insurance carrier serving Michigan residents and businesses through independent agents. Provides business, auto, home, mobile home, watercraft, motorcycle, and snowmobile insurance.

  • Michigan Insurance Zone

    Offering Michigan home owner insurance, Michigan auto insurance, Michigan Life Insurance and Michigan health insurance quotes. Taking time to shop for Michigan insurance can reward you with better prices and better service. Michigan Insurance Zone provides guides, tips and quotes that can help you reduce your premium and get a better value on Michigan insurance.

  • Michigan Millers Mutual Insurance Company

    Property and casualty insurance carrier offering personal, business, and agribusiness insurance. Personal lines include auto, home, umbrella, boat, snowmobile, and valuables insurance.

  • Mid-Michigan Insurance Agency of Mt. Pleasant, Inc.

    The mission of the Mid-Michigan Insurance Agency of Mt. Pleasant, Inc., is to maintain a profitable enterprise, committed to our customers with the highest degree of reliability and integrity.

    In pursuit of this mission, we acknowledge the importance of relationships we establish with the companies we represent, the customers whom we server, and the people with whom we work.

  • Priority Health

    Founded in 1986, Priority Health is a nationally recognized health insurance company based in Michigan.

  • Vizzaccaro Agency

    The Vizzaccaro Agency provides various types of insurance to meet the needs of Michigan residents; including homeowners, automobile, condo/renters commercial insurance and more. Serving South Eastern Michigan and surrounding areas; including Eastpointe, Grosse Pointes, Harper Woods, Warren, St. Clair Shores, Roseville, Fraser, Clinton Twp, Harrison Twp, Shelby Twp, Macomb Twp and Washington Twp.

  • Wisconsin-Michigan Insurance Agency

    Wisconsin-Michigan Insurance Agency specializes in all types of insurance protection. We meet the needs of our customers with reliable and affordable insurance plans. But that's just the beginning. Our customers know that with WI-MI Insurance, they not only recieve great value, but great service too.



 
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Insurance :



 

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a large, possibly devastating loss. The insured receives a contract called the insurance policy which details the conditions and circumstances under which the insured will be compensated.

Insurance involves pooling funds from many insured entities (known as exposures) in order to pay for relatively uncommon but severely devastating losses which can occur to these entities. The insured entities are therefore protected from risk for a fee, with the fee being dependent upon the frequency and severity of the event occurring. In order to be insurable, the risk insured against must meet certain characteristics in order to be an insurable risk. Insurance is a commercial enterprise and a major part of the financial services industry, but individual entities can also self-insure through saving money for possible future losses.

Global insurance premiums grew by 3.4% in 2008 to reach $4.3 trillion. For the first time in the past three decades, premium income declined in inflation-adjusted terms, with non-life premiums falling by 0.8% and life premiums falling by 3.5%. The insurance industry is exposed to the global economic downturn on the assets side by the decline in returns on investments and on the liabilities side by a rise in claims. So far the extent of losses on both sides has been limited although investment returns fell sharply following the bankruptcy of Lehman Brothers and bailout of AIG in September 2008. The financial crisis has shown that the insurance sector is sufficiently capitalised. The vast majority of insurance companies had enough capital to absorb losses and only a small number turned to government for support.

Advanced economies account for the bulk of global insurance. With premium income of $1,753bn, Europe was the most important region in 2008, followed by North America $1,346bn and Asia $933bn. The top four countries generated more than a half of premiums. The US and Japan alone accounted for 40% of world insurance, much higher than their 7% share of the global population. Emerging markets accounted for over 85% of the world’s population but generated only around 10% of premiums. Their markets are however growing at a quicker pace.


 




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