Insurance for Insurance Companies

Everyone knows what companies like Geico, Allstate, StateFarm do. They provide life, health, auto, and other forms of insurance coverage for individuals like you and I. We buy insurance for protection from situations like car accidents that might cost too much to pay for ourselves. Insurance is a form of financial protection that smooths costs over a long period of time instead of having no costs for some periods followed by extremely high costs the next. Insurance companies also seek this type of financial stability, and have it in the form reinsurance. They have a massive amount of liability, but generally keep Continue reading Insurance for Insurance Companies