What Is Deposit Insurance?

What is the total deposit of funds held by insurance corporations in US, all types.?

  • Of all the types of insurance in America, casualty, home, fire, commercial, auto, health and so on. What is the total amount of money deposited annually by Americans for these products?

  • Answer:

    No one collects this information. If you want to collect this information partially, you can go to www.sec.gov, and look up all the balance sheets of all the publicly traded insurance companies - and add it together. It won't include privately held insurance companies. And . . .People who buy insurance are NOT "depositing" money there. It's not a bank. It's not an investment. It's a PURCHASE. You purchase COVERAGE, for a potential claim.

Bruce at Yahoo! Answers Visit the source

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