Could cities create their own insurance company?
916467
Well, if they wanted to, they could, but it wouldn't make premiums drop for several reasons:\n\n1.  If you look at city services, you'll find out that it costs the city between $.30 and $.60 cents on the dollar to administer stuff.  Insurance company admin costs are rarely over $.20 on the dollar.  So the admin costs will be higher.\n\n2.  If you've ever waited in line at your city hall, or tried calling them by phone, just THINK of what the wait would be if everyone with insurance called there!  You'd get HORROFFIC service. \n\n3.  For cities in high risk areas, aka, URBAN cities, ANY urban cities, the rates would go up, as there is more fire, vandalism, theft, etc.  in a more densely populated area.  Fires in a city rarely take out only one house.  Country fires mostly ONLY take out one house.\n\n4.  The risk is much, much higher for ANY peril.  Part of what the insurance company does is spread the risk - so everyone who has State Farm, for example, pays their premium, and when Florida gets hit with a bad hurricane, State Farm doesn't go broke paying $3,000,000,000 in hurricane claims.  If a city had even 25% losses due to a storm (hurricane, tornado, terrorist attack) how much money would they need to collect from each homeowner in order to pay off those kinda losses?  It would be ASTRONOMICAL.\n\nSo the current system is cheaper, more effecient, gives broader coverages, then, well, just about ANYTHING the government can do.  \n\nJust look at government housing, if you want a great example of how well government programs work.
739283
you could work for an insurance company or a bank
247211
As long as there are hurricanes, tornados, earthquakes, and floods, there will be insurance and people who calculate the insurance rates.\n\nSame goes for car accidents, house fires, etc.\n\nThere also the special insurance -- Insuring the golf tournament that guarantees $1 million for a hole in one, etc.
664522
Engineering by far !  The insurance industry is going to destroy modern medicine in America in the next ten years! Engineering has so many aspects to it you could go from one area to another and never get bored. Start with buildings ... move on to museums ... move on to bridges .. move on to tunnels ... Or just start where you want to be.  It's a lot of mathematics ... but math doesn't change every four to five years like medicine does ! And usually the city or the building owner has to worry about the insurance ! Unless you are the head engineer signing off on the plans ... like that Hyatt hotel disaster way back when ... I think the engineers got some heat on that.
458651
Assuming you are talking about the Unified Land Development Code (i.e., zoning), each state, city, town or other entity can enact its own version, so you will have to check your city/town, state, county or other legal entity that enacted it.
13136
doctors and insurance firms
798576
Never heard of such a thing.  Direct your question to your state department of insurance, which can be found by going to the website for the National Association of Insurance Commissioners, http://www.naic.org/  \n\nClick on "NAIC STATE AND JURISDICTIONS", links to state departments of insurance on the left hand side of the home page, about half way down.   Most states provide excellent assistance to consumers regarding questions such as yours at no cost.
397069
There's two things it could be.\n\nI think you might be talking about General Liability insurance, which is a commercial insurance coverage to cover businesses in the normal course of their business. It coverage a wide range of actions like slip and fall accidents or advertising injury and many things in between.\n\nBut you also could be talking about Comprehensive coverage on your automobile which would pay for damage to your car from everything other than a collision.  Even some weather related claims that are excluded from your homeowner's policy...like flooding for example...are covered in under your comprehensive coverage.\n\nUnless you can be more specific, that's the best I can do.
1155595
You can take up renewals, repairs and replacement contractor-ship in residential localities particularly in group housing societies areas. It is more of labour intensive nature than capital, but good work has abundant rewards.
1168818
lead insurer, Zurich American Insurance Co\n13 so-called "excess" insurers provided the next levels of coverage for the World Trade Center, following Zurich\n\nThe claims have not been settled yet, however a study by the New York City Controllers' office in November 2001 estimated property damage claims at $34 billion - with an additional $10 billion in lost business.\n\nYou can find forum discussions, law institute studies and a lot more interesting information below.\n\n*Please choose best answer.  There is a contest now that requires best answer to enter.*
206315
Sometimes. Usually each city-state had its own leader.
1152017
Hi.!!\n\nCould you explain the purpose of this question. Because that would really determine the answer. i have a huge resource of data on insurance.
839280
Depends.\n\nNo one just starts an insurance agency on their own by hanging out a shingle and leaving the front door of the office open.  (Maybe someone did that 50 years ago, but not now.)\n\nYou'll need to work your way up in the business.  If your interest is property casualty insurance (PC), State Farm has an excellent system for training and promoting within their company.  That's a great place to start and may be a great place to stay and even from which to retire.  Two things:\n     Be prepared to relocate to an available office anywhere in the US;\n     You will only be able to sell State Farm and companies authorized under that name plate.  This is known as "captive agency" and you would be a "captive" or "career agent" of State Farm for as long as you worked for them.\n\nIf your interest is in life insurance and health insurance, find a local agency and get a job as an office assistant.  Show some initiative and you might find you like the business and will get opportunities to sell.  Life insurance carriers also have "captive agencies"  (Northwestern Mutual, New York Life, Mass Mutual, etc.) and that's a good place to get training.  Be prepared to starve for the first few years, however.  This is a tough way to go.\n\nYou will have to get licensed in the states in which you want to do business.  Each state has it's own requirements.  Insurance is not regulated by the federal government (yet).\n\nThere is a lot of future opportunity in insurance.  The baby boomers are getting ready to retire in another few years and someone is going to have to take over.\n\nGood luck!
69732
The name of an insurance company.
1126321
It's been done before.  As absurd as it sounds, it ocassionally happens.  Usually it's a run down building owned by a municipality that costs more to upkeep and maintain than the value of the property itself, so the city sells it to an investor or 'someone else' for a dollar, with linking agreements that the new owner develop the property into a profitable, viable acquisition that results in taxes paid to the city, etc.  Each side gets something out of it.
40867
I assume you are asking in a business context.\n\nAdvantage\nSelf-insurance makes economic sense when the premiums you would pay far outweigh the risks you are covering (the yearly damages costs less than the premiums)\n\nDisadvantage\nYou can't predict the future, the once in two hundred year event can happen any year,  (a Tsunami etc), so you could end up with a huge loss.\n\nThe solution that self-insuring companies follow is to self-insure everything below a disaster and only take out insurance for events above a certain amount (for example above $x million).
577351
local insurance co in Richmond IN\n\nhttp://worldlifeandaccidentassociation.lbu.com/