How Does Insurance Work?

So how exactly does insurance work? How do insurance companies make money?

In this video we will look into these questions and we will also learn about reinsurance and retrocession.

[brocho-_xx]

The IRS said Thursday it will be sending settlement offers with terms that are stricter than ones it offered last year under an earlier Micro-captive initiative. The IRS has been focusing on cracking down on certain types of tax avoidance schemes, such as syndicated conservation easements and Micro-captive insurance, while also stepping up tax enforcement efforts against holders of digital currencies such as Bitcoin and Ethereum, despite a decreasing number of IRS audits overall in recent years.

[thundaga]

Very good summary. Are life insurance companies forced by law to cover things like suicide? I know some insurances companies impose a time lapse period before they cover it, but I don't see how suicide could be an insurable event in any case because the insured person has direct of the event occuring or not. Seems like such a policy is bound to incur losses (for that group of people who get insurance to pay out after suicide).

[crymeariver]

Does the more cars rule mean the more cars you insure, means crashes or accidents don’t add as much on to your insurance?

[vertigo]

why do i get forwarded to this from a gore website this doesnt make any sense