The word "insure" is correct and usable in written English.
You can use it as a verb to mean to protect or provide coverage for a person or object against loss, damage, or injury. For example: "We should insure our house against fire and theft."
Similarly, if health insurers were not allowed to know the results of genetic tests, people at higher risk could buy more insurance and insure for higher amounts, while those at lower risk would buy less insurance.
His plan is a version of the Democratic consensus: to provide near-universal coverage through subsidies, expanded government health schemes, a regulated insurance exchange, tough rules on whom insurance companies must insure, and taxes on employers who do not provide health coverage.
In other words, someone who insured such bonds against default would have, on average, made money (conventional insurance companies, which insure against fire or theft, have not always done so well).The third quirk of credit derivatives is that they allow corporate bonds to be sliced and diced on the basis of risk.
Both of those are already in force, and a ban on insurance companies refusing to insure the unwell is due to come in from 2014.
The only other option now being discussed is to turn the EFSF into an insurer that would offer to insure the first, perhaps 20%, of losses on new government debt held by private creditors such as banks.
That would leave two companies to dominate much of the world market for large, brokered commercial risks—a prospect that frightens not only insurers but also companies that buy insurance.Insurance brokers act as middlemen between firms that want to insure their property and casualty risks and the insurers that underwrite policies.
Yet that is exactly what some insurance companies and other investors are doing when they insure bank loans, bonds and other corporate debt.They know little or nothing about the borrowers, sometimes not even their names.
Marsh, an insurance firm, reports that the premiums that companies pay to insure their directors against lawsuits have shot up by between 35% and 900% recently, depending on the business.
For property insurers, say, there are fewer new factories and houses to insure.
Falling prices reduce the cost of subsidised crop insurance to the taxpayer (since less valuable crops cost less to insure).
It also requires insurance companies to end various nefarious practices, such as refusing to insure people with existing conditions or cancelling their coverage just when they need it most.
