A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for a premium.

"Insurance" In Context

"Supporters of a proposed ballot measure seeking tighter regulation of health insurance rates turned in 800,000 signatures statewide, confident that they will qualify for the Nov. 6 election. In the coming weeks, county election offices and the ..."