self-insurance
noun
self-in·sur·ance
ˌself-in-ˈshu̇r-ən(t)s 
-ˈshər-,
-ˈin-ˌshu̇r-,
-ˈin-ˌshər-
: insurance of oneself or of one's own interests by the setting aside of money at regular intervals to provide a fund to cover possible losses
Examples of self-insurance in a Sentence
Recent Examples on the Web
The council, meanwhile, will vote Monday on shifting up to $38 million from other funds, such as for affordable housing and the city’s self-insurance liabilities, to its General Purpose Fund, which mostly pays salaries and other operating costs.
—
Shomik Mukherjee, The Mercury News, 6 Dec. 2024
Additionally, some property owners are turning to self-insurance (assuming the responsibility for a certain level of risk or loss) for a substantial portion of their property portfolios, particularly for high-value assets or secondary homes.
—Greg McKenna, Fortune, 20 Nov. 2024
For those seeking an alternative, owners are now looking into self-insurance or dropping their coverage entirely.
—Abby Montanez, Robb Report, 15 Oct. 2024
Some companies are turning to captive insurance or self-insurance options to better manage their risks and costs.
—Brian Moroney, Forbes, 26 Sep. 2024
The International Group of P&I Clubs, a group of 12 self-insurance clubs that offer marine liability coverage for 90% of the world’s oceangoing vessels, paid $1.5 billion in claims.
—Lorraine Mirabella, Baltimore Sun, 3 Apr. 2024
Lake County officials will be look at ways to strengthen county employee’s health self-insurance plan as rising costs threaten the program’s future solvency.
—Carrie Napoleon, Chicago Tribune, 17 Sep. 2023
Although self-insurance through international reserves has sharply increased for some countries, pooled resources centered on the IMF have increased far less than self-insurance and have shrunk markedly relative to measures of global financial integration.
—Foreign Affairs, 22 Aug. 2023
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Shomik Mukherjee, The Mercury News, 6 Dec. 2024
Additionally, some property owners are turning to self-insurance (assuming the responsibility for a certain level of risk or loss) for a substantial portion of their property portfolios, particularly for high-value assets or secondary homes.
—Greg McKenna, Fortune, 20 Nov. 2024
For those seeking an alternative, owners are now looking into self-insurance or dropping their coverage entirely.
—Abby Montanez, Robb Report, 15 Oct. 2024
Some companies are turning to captive insurance or self-insurance options to better manage their risks and costs.
—Brian Moroney, Forbes, 26 Sep. 2024
The International Group of P&I Clubs, a group of 12 self-insurance clubs that offer marine liability coverage for 90% of the world’s oceangoing vessels, paid $1.5 billion in claims.
—Lorraine Mirabella, Baltimore Sun, 3 Apr. 2024
Lake County officials will be look at ways to strengthen county employee’s health self-insurance plan as rising costs threaten the program’s future solvency.
—Carrie Napoleon, Chicago Tribune, 17 Sep. 2023
Although self-insurance through international reserves has sharply increased for some countries, pooled resources centered on the IMF have increased far less than self-insurance and have shrunk markedly relative to measures of global financial integration.
—Foreign Affairs, 22 Aug. 2023
Dictionary Entries Near self-insurance
Cite this Entry
“Self-insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/self-insurance. Accessed 22 Dec. 2024.
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