"the world. Other names of the insurance cover include: trauma insurance, serious illness insurance and living assurance. The schedule of insured illnesses varies between insurance companies. In 1983, four conditions were covered by the policy, i.e. heart attack, cancer, stroke and coronary artery by-pass surgery. Examples of other conditions that might be covered include: Ref: Canada Life Critical Illness Insurance Policy Due to the fact that the incidence of a condition may decrease over time and both the diagnosis and treatment may improve over time, the financial need to cover some illnesses deemed critical a decade ago are no longer"
"million more by 2027. Accident insurance was first offered in the United States by the Franklin Health Assurance Company of Massachusetts. This firm, founded in 1850, offered insurance against injuries arising from railroad and steamboat accidents. Sixty organizations were offering accident insurance in the US by 1866, but the industry consolidated rapidly soon thereafter. While there were earlier experiments, sickness coverage in the US effectively dates from 1890. The first employer-sponsored group disability policy was issued in 1911, but this plan's primary purpose was replacing wages lost because the worker was unable to work, not medical expenses. Before the development"
"Critical illness insurance Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy. The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation. The policy may require the policyholder to survive a minimum number of days"
"Congress had the authority to apply the individual mandate within its taxing powers. In the late 19th century, ""accident insurance"" began to be available, which operated much like modern disability insurance. This payment model continued until the start of the 20th century in some jurisdictions (like California), where all laws regulating health insurance actually referred to disability insurance. Accident insurance was first offered in the United States by the Franklin Health Assurance Company of Massachusetts. This firm, founded in 1850, offered insurance against injuries arising from railroad and steamboat accidents. Sixty organizations were offering accident insurance in the U.S. by"
"insurance was traditionally classified under life, fire-marine, and casualty. Since multiple-line policies began to be written (insurance contracts covering several types of risks), the last two began to merge. When the NAIC approved multiple underwriting in 1946, casualty insurance was defined as a blanket term for legal liability except marine, disability and medical care, and some damage to physical property. Casualty insurance Casualty insurance is a problematically defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for negligent acts or omissions."
"personal protection, are generally not tax deductible and any claim proceeds are not taxable. Trauma Insurance is not offered in Superannuation as the definitions available for payment do not always align with the required conditions of release. Critical illness insurance options available in Canada: Critical illness insurance Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy."
"occurs, on average, once every second. In fact, nearly 18.5% of Americans are currently living with a disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement. In the late 19th century, modern disability insurance began to become available. It was originally known as ""accident insurance"". The first company to offer accident insurance was the Railway Passengers Assurance Company, formed in 1848 in England to insure against the rising number of fatalities on the nascent railway system. It was registered as the Universal Casualty Compensation Company to: The company was able"
"Combined Insurance Combined Insurance is a global provider of supplemental insurance, including accident insurance, life insurance and critical care coverage. Combined Insurance operates in North America, Latin America, Europe and the Pacific. The company is headquartered in Chicago, Illinois. In 1922, W. Clement Stone, with a borrowed $100, started Combined Registry Company in Chicago. During the difficulty of the Great Depression, Stone in 1929 cut his field force to just 135 agents – from more than 1,000 agents – to increase efficiency. In 1939, after weathering the Depression, Stone created the Combined Mutual Casualty Company, which was established when Combined"
"1866, but the industry consolidated rapidly soon thereafter. While there were earlier experiments, the origins of sickness coverage in the U.S. effectively date from 1890. The first employer-sponsored group disability policy was issued in 1911. Before the development of medical expense insurance, patients were expected to pay health care costs out of their own pockets, under what is known as the fee-for-service business model. During the middle-to-late 20th century, traditional disability insurance evolved into modern health insurance programs. One major obstacle to this development was that early forms of comprehensive health insurance were enjoined by courts for violating the traditional"
"all life assurance schemes were subsequently based."" In the late 19th century ""accident insurance"" began to become available. The first company to offer accident insurance was the Railway Passengers Assurance Company, formed in 1848 in England to insure against the rising number of fatalities on the nascent railway system. By the late 19th century governments began to initiate national insurance programs against sickness and old age. Germany built on a tradition of welfare programs in Prussia and Saxony that began as early as in the 1840s. In the 1880s Chancellor Otto von Bismarck introduced old age pensions, accident insurance and"
"merchant whose goods were jettisoned during transport, whether due to storm or sinkage. The ancient Athenian ""maritime loan"" advanced money for voyages with repayment being canceled if the ship was lost. In the 4th century BC, rates for the loans differed according to safe or dangerous times of year, implying an intuitive pricing of risk with an effect similar to insurance. The Greeks and Romans introduced the origins of health and life insurance c. 600 BC when they created guilds called ""benevolent societies"", which cared for the families of deceased members, as well as paying funeral expenses of members. Guilds"
"insurance companies were started, but fewer than half a dozen survived. In the late 19th century, ""accident insurance"" began to become available. This operated much like modern ""disability"" insurance. The first company to offer accident insurance was the Railway Passengers Assurance Company, formed in 1848 in England to insure against the rising number of fatalities on the nascent railway system. It was registered as the Universal Casualty Compensation Company to: The company was able to reach an agreement with the railway companies, whereby basic accident insurance would be sold as a package deal along with travel tickets to customers. The"
"states have agreed to work toward worldwide universal health coverage by 2030. The first move towards a national health insurance system was launched in Germany in 1883, with the Sickness Insurance Law. Industrial employers were mandated to provide injury and illness insurance for their low-wage workers, and the system was funded and administered by employees and employers through ""sick funds"", which were drawn from deductions in workers' wages and from employers' contributions. Other countries soon began to follow suit. In the United Kingdom, the National Insurance Act 1911 provided coverage for primary care (but not specialist or hospital care) for"
"traffic accident. In February 1974, President Nixon proposed more comprehensive health insurance reform—an employer mandate to offer private health insurance if employees volunteered to pay 25 percent of premiums, replacement of Medicaid by state-run health insurance plans available to all with income-based premiums and cost sharing, and replacement of Medicare with a new federal program that eliminated the limit on hospital days, added income-based out-of-pocket limits, and added outpatient prescription drug coverage. In April 1974, Kennedy and Mills introduced a bill for near-universal national health insurance with benefits identical to the expanded Nixon plan—but with mandatory participation by employers and"
"and accident insurers. It offers compulsory health insurance according to health insurance law, supplementary and non-life insurance according to insurance contract law and accident insurance according to accident insurance law. The company insures private customers (individuals and families) as well as corporate clients (companies, public institutions and associations). For the latter, it offers wage loss and accident insurance. The company emerged in 1996 as a result of the fusion of the three health insurance funds KKB (founded 1870), Grütli (founded 1872) and Evidenzia (founded 1990) with the implementation of the new health insurance law. In 1998 the company made headlines"
"medical care that formed the basis for Germany's welfare state. In Britain more extensive legislation was introduced by the Liberal government in the 1911 National Insurance Act. This gave the British working classes the first contributory system of insurance against illness and unemployment. This system was greatly expanded after the Second World War under the influence of the Beveridge Report, to form the first modern welfare state. Insurance involves pooling funds from ""many"" insured entities (known as exposures) to pay for the losses that some may incur. The insured entities are therefore protected from risk for a fee, with the"
"benefits are first offered. 1961: Group annuity actuarial and administration departments are created. 1966: Group Vision, Extended Care and an extended plan of Long-Term Disability are offered. 1977: Mortgage Separate Account J (J for Jobs) is introduced. 1979: Ullico Casualty Company is created to proceed with new kinds of insurance. 1983: Ullico headquarters move back to Washington, D.C. 1986: Ullico Casualty begins to market Fiduciary Liability insurance to funds and trustees as other carriers abandon the market. 1987: Ullico Inc. is established as a holding company for the company's subsidiaries and assets. A number of new ventures quickly follow. 1990:"
"insurer. The company later acquired Duncanson & Holt, a reinsurer and insurance underwriter for the accident and health insurance sectors. In 1993, Unum acquired the Colonial Companies, parent company of Colonial Life & Accident Insurance Company. Colonial focused on individual insurance products, including accident, cancer and life insurance policies. Unum began offering individual disability policies under the Unum brand once again in 1995. The Provident companies was founded in Chattanooga, Tennessee in May 1887 as Mutual Medical Aid and Accident Insurance Company. The company originally specialized in providing both medical-aid and accident insurance to employees in high-risk industries, including miners"
"insurance system, with origins dating back to Otto von Bismarck's social legislation, which included the ""Health Insurance Bill of 1883"", ""Accident Insurance Bill of 1884"", and ""Old Age and Disability Insurance Bill of 1889"". Bismarck stressed the importance of three key principles; solidarity, the government is responsible for ensuring access by those who need it, subsidiarity, policies are implemented with smallest no political and administrative influence, and corporatism, the government representative bodies in health care professions set out procedures they deem feasible. Mandatory health insurance originally applied only to low-income workers and certain government employees, but has gradually expanded to"
"of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent corporation of Insurance Company of North America, the first stock insurance company in America).<ref name=""www.cignaglobalhealth.com/"">Cigna Global Health Benefits</ref> Insurance Company of North America was formed in 1792 and is therefore a corporate ancestor of Cigna. The CG was created in 1865 by a special act of the Governor of Connecticut. In October 1871, the great Chicago Fire burned for two days, destroyed 2,000 acres and left 100,000 people in Illinois homeless. INA paid $650,000, one of only 51 insurance companies (out of a total of 202) to"
"German Statutory Accident Insurance German Statutory Accident Insurance is among the oldest branches of German social insurance. Occupational accident insurance was established in Germany by statute in 1884. In 1871, the German Empire was founded again, at the end of the Franco-Prussian War. Formerly Chancellor of Prussia, Otto von Bismarck, now Chancellor of the new German Empire, introduced highly progressive welfare legislation by the standards of Europe at the time. (5, 6) Occupational accident insurance was established in Germany by statute in 1884. The agencies in charge of providing this form of insurance are the industrial and agricultural employers' liability"
"deemed necessary today. Likewise, some of the conditions covered today may no longer be needed a decade or so in the future. The actual conditions covered depend on the market need for the cover, competition amongst insurers, as well as the policyholder's perceived value of the benefits offered. For these reasons conditions such as diabetes and rheumatoid arthritis, among others, may become the norm cover provided in the future. Critical illness cover was originally sold with the intention of providing financial protection to individuals following the diagnosis or treatment of an illness deemed critical. Critical illness may be purchased by"
"Dahl Kvittingen from Norway. He died in 2007. The first surgical ICU was established in Baltimore. In 1962, in the University of Pittsburgh, the first Critical Care Residency was established in the United States. In 1970, the Society of Critical Care Medicine was formed. Intensive care medicine Intensive care medicine, or critical care medicine, is a branch of medicine concerned with the diagnosis and management of life-threatening conditions that may require sophisticated life support and monitoring. Patients requiring intensive care may require support for instability (hypertension/hypotension), airway or respiratory compromise (such as ventilator support), acute renal failure, potentially lethal cardiac"
"most disadvantaged people meeting the criteria of resources and residence. The accident insurance and occupational diseases is a branch of social security often managed by the same agencies that the health branch. It is the oldest social security body. The legislation go back to 1898 and were included in the 31 December 1946 law creating the Social Security. There are three social accidents for which the risk is better covered than by the accident assurance health insurance. The accident at work is the accident, whatever the cause, occurring because of or in connection with a job, to any person employed"
"certain social risks. In 1898 was recognized the responsibility of the employer in case of accidents on the workplace, with the possibility to ensure to cope with that risk. For old people a law in 1910 established a compulsory insurance scheme for employees of trade and industry. Laws in 1928 and 1930 set up insurance for the risks of illness, maternity, invalidity, old age and death for employees, plus a special scheme for farmers. In 1932, a law provided families with allowances to cover expenses, financed by employer. On the eve of World War II, France has, officially, a comprehensive"
"1871, invited the heads of insurance departments or agencies from other states to meet in New York to strive for more uniform regulation. Eighteen states met that year for the first session of what is now the National Association of Insurance Commissioners (""NAIC""). Mismanagement in the life insurance business, including exorbitant salaries and questionable investments, resulted in a 1905 investigation led by Charles Evans Hughes. The investigation, known as the ""Armstrong Investigation"", led to the passage of a law that set forth a series of reforms, including mandatory periodic examinations of all life insurers. During the Great Depression, the Insurance"
"the catastrophe reinsurance market. The first experimental transactions were completed in the mid-1990s by AIG, Hannover Re, St. Paul Re, and USAA. The market grew to $1–2 billion of issuance per year for the 1998–2001 period, and over $2 billion per year following 9/11. Issuance doubled again to a run rate of approximately $4 billion on an annual basis in 2006 following Hurricane Katrina, and was accompanied by the development of Reinsurance Sidecars. Issuance continued to increase through 2007, despite the passing of the post-Katrina ""hard market,"" as a number of insurers sought diversification of coverage through the market, including"
"treatment. The income limit for compulsory sickness insurance was indexed to changes in the wage level (1970) and the right to medical cancer screening for 23.5 million people was introduced. In January 1971, the reduction of sickness allowance in case of hospitalisation was discontinued. That same year, compulsory health insurance was extended to the self-employed. In 1970, the government included nonmedical psychotherapists and psychoanalysts in the national health insurance program. Pupils, students and children in kindergartens were incorporated into the accident insurance scheme, which benefited 11 million children. Free medical checkups were introduced that same year, while the Farmers' Sickness"
"or receivable that remains unpaid as a result of protracted default, insolvency or bankruptcy. Policy holders must apply a credit limit on each of their buyers for the sales to that buyer to be insured. The premium rate reflects the average credit risk of the insured portfolio of buyers. In addition, credit insurance can also cover single transactions or trade with only one buyer. Trade credit insurance was born at the end of the nineteenth century, but it was mostly developed in Western Europe between the First and Second World Wars. Several companies were founded in many countries; some of"
"Aviation insurance Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance. Aviation Insurance was first introduced in the early years of the 20th century. The first-ever aviation insurance policy was written by Lloyd's of London in 1911. The company stopped writing aviation policies in 1912 after bad weather at an air meet caused crashes, and ultimately losses, on those first policies."
"Insurance Law (1972) introduced compulsory sickness insurance for independent farmers, family workers in agriculture, and pensioners under the farmers' pension scheme, medical benefits for all covered groups, and cash benefits for family workers under compulsory coverage for pension insurance. Participation in employer's health insurance was extended to four million employees. A Development Law of December 1970 made it possible for all employees voluntarily to become members of the statutory sickness insurance. The level of income for compulsory sickness insurance was indexed to 75% of the respective assessment level for pension insurance, while voluntarily insured employees were granted a claim to"
"National Insurance Act 1911 The National Insurance Act 1911 created National Insurance, originally a system of health insurance for industrial workers in Great Britain based on contributions from employers, the government, and the workers themselves. It was one of the foundations of the modern welfare state. It also provided unemployment insurance for designated cyclical industries. It formed part of the wider social welfare reforms of the Liberal Government of 1906–1915. David Lloyd George, the Liberal Chancellor of the Exchequer, was the prime moving force behind its design, negotiations with doctors and other interest groups, and final passage. Lloyd George followed"
"establishing work-accident and occupational disease insurance was signed into law in January 1968, providing for compulsory coverage of all salaried employees and wage earners, including apprentices and domestic servants. In March that year, a piece of legislation creating government-sponsored health insurance for public and private salaried employees and their dependents was signed into law. Basic health services were expanded with the training of community health workers, the building of rural health clinics, and the shifting of financial and personnel resources from hospitals to community health centres. These efforts contributed to a steep decline in infant mortality in Chile during the"