Christie Pheonix http://christiephoenix.com Wed, 15 Feb 2012 19:48:38 +0000 en hourly 1 http://wordpress.org/?v=3.1 What is Insurance? http://christiephoenix.com/2011/02/hello-world/ http://christiephoenix.com/2011/02/hello-world/#comments Mon, 14 Feb 2011 20:56:53 +0000 admin http://christiephoenix.com/?p=1 Continue reading →]]> Insurance is a mechanism for spreading risk, for sharing the
losses of the few among the many. It allows the policyholder
to substitute a small, defined expenditure (the premium) for a
large, but uncertain, future loss. Policyholders who escape
losses help to compensate those who are directly and
adversely affected by loss.

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