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Definition of Insurance

Insurance

  1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.
  2. The premium paid for insuring property or life.
  3. The sum for which life or property is insured.
  4. A guaranty, security, or pledge; assurance.

Insurance Quotations

It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
Barack Obama

Look, if you have somebody who doesn't have health insurance, who doesn't have a doctor or dentist, and in order to deal with their cold or flu or dental problem, they go to an emergency room - in general, that visit will cost ten times more than walking into a community health center.
Bernie Sanders

Think of an economy where people could be an artist or a photographer or a writer without worrying about keeping their day job in order to have health insurance.
Nancy Pelosi

The trade union movement represents the organized economic power of the workers... It is in reality the most potent and the most direct social insurance the workers can establish.
Samuel Gompers

I basically believe the medical insurance industry should be nonprofit, not profit-making. There is no way a health reform plan will work when it is implemented by an industry that seeks to return money to shareholders instead of using that money to provide health care.
Dianne Feinstein
More "Insurance" Quotations

Insurance Translations

insurance in Afrikaans is versekering
insurance in Danish is forsikring
insurance in Dutch is verzekering, assurantie
insurance in German is Versicherung
insurance in Italian is assicurazione
insurance in Norwegian is forsikring
insurance in Portuguese is seguro
insurance in Spanish is aseguramiento, seguro
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