Insurance : Insurance provides protection against loss or damage and can be applied to a person or an item. simply put, Insurance companies pool the money from many people to pay for the losses of the few who need it. In this way, insurance is a way of reducing your individual loss by spreading the risk over many people. Insurance companies collect payment over time in the form of premiums and provide the details of coverage in a formal document called a policy.

•Insurance article 200 - "Insurers push All-in-one Policy" from The Wall Street Journal