At
this stage, you know
about the types of insurance we
use to manage risk. Now you
will learn how the insurance
industry works, starting
with the components of the fundamental insurance document. This
document is the insurance contract, perhaps better known as the
insurance policy.
Nature of the Insurance
Industry
10
Chapter
College
and Career
Readiness
Reading Prep. Before
reading this chapter,
look at the chapter title.
Can you analyze the
author’s purpose for
this chapter by studying
the title?
Most major insurance companies in the US are following
strategies established by the US Green Building Council when
they build or renovate their office facilities. The companies
pursue Leadership in Energy and Environmental Design
(LEED) certification to improve energy and water efficiency,
reduce carbon emissions, as well as mindfully choose and use
resources. While green building techniques may initially cost
more, the long-term savings more than make up for it.
Go
Green
Section 10.1
Insurance Contracts
Section 10.2
How Insurers Manage
Risk
Section 10.3
Insurance Claims
Section 10.4
Consumer Resources
177
Check Your Insurance IQ
Before you begin this
chapter, see what you
already know about
insurance by taking the
chapter pretest.
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