The insurance industry provides financial protection for property, life, health, etc., against specified contingencies, such as death, loss, or damage, and involves payment of regular premiums in return for a policy guaranteeing such protection. Insurance is the transfer of a risk. In the US alone 1,800 U.S. insurance companies offer personal and commercial product lines including basic health/life and property/casualty protection as well as a long list of other coverage ranging from automobiles to mortgages to insurance for insurance companies. Insurance law is the practice of law surrounding insurance, including insurance policies and claims. It can be broadly broken into three categories – regulation of the business of insurance; regulation of the content of insurance policies, especially with regard to consumer policies; and regulation of claim handling.