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A video explaining the insurance structure



See the full video at https://youtu.be/3Xn17QzaBVQ [1965653] Almost all insurance policies written in the United States are supported by the assets of insurance companies. Some insurances are issued by insurance exchanges such as the now defunct Illinois Insurance Exchange and Lloyd & # 39 ;s, London, according to which different individuals and companies come together in an insurance market to write insurance policies.

Insurance companies operating in the United States are structured in the same way. Some are organized as companies that sell shares to the general public. Others are organized as mutual insurers where each insured person owns a part of the insurer. The structures that have been developed over many years have remained in place to this day because they work.

For example, a mutual insurance company is an insurance company that is not traded in public. The company is effectively owned by the policyholders. Due to this, the management's interests are adapted directly to those of the policyholders. Management is encouraged to work for the long-term benefit of policyholders, as measures that work against policyholders may cause them to leave the company. Mutual insurance companies generally have only one way to make money.

A share insurance company is listed on the stock exchange. The share insurer must balance the interests of the policyholders with the interests of external shareholders. These shareholders may or may not own policies issued by the company. A limited company can raise money by selling insurance or issuing more stock in the company. , handling insurance claims, unfaithful insurance and insurance fraud almost equally for insurers and policyholders. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance industry. He is available at http://www.zalma.com and zalma@zalma.com.

Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.

For the past 53 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their claims staff to become insurance claims staff.

Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Zalma on Twitter at https://twitter.com/bzalma ; Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the Insurance Claims Library – https://zalma.com/blog/insurance-claims-library/ Read posts from Barry Zalma at https://parler.com/profile/Zalma/ posts; and Read the last two issues of ZIFL here.

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