Downsized Archives • InsNerds.com

10 Lessons from a Brutal Job Search

Shortly after getting back from the 2015 CPCU Society Annual Meeting in Indianapolis, my boss flew up to meet with me for lunch and informed me that due to recent management changes the decision had been made that Northern California is no longer a focus for the company and thus my position had been eliminated, … Read more

Definitioner

Third Party: Someone else.
Inland Marine: A kind of insurance where the company promises to pay for things that break or get lost while carried on a truck, train or car. It works for all kinds of things that are moved over land and don’t stay put in a single place.
Construction: How a building is built and out of what things it is made.
Mutual: An insurance company owned by all of the people who they have sold promises to.
Underwriter: The person who decides to accept or not accept your offer to pay a company for the promise that they will pay for things you break or lose.
Carrier (Insurer): A company who promised to pay for big things you break or lose if you pay them a little money before it happened.
Insurance: Paying a company a little money for the promise they will pay a lot of money for things we break or lose without meaning to.