HIH Insurance – Due to the high risky areas the company has incurred the following losses: - The company has acquired the business of the FAI Insurance which is involved in the more risky business of the insurance. The company has incurred the considerable damage claims. - The company has entered into the insurance of film financing services which has led to the loss of dollar hundred million in the year. - Due to the insurance business in the field of natural disasters‚ the company has incurred
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The Importance of Commercial Crime Insurance Executive Summary The current economic pressures that society faces has resulted in a steady increase in commercial crime. Internal theft‚ deception and fraud are just some of the examples that can and have damaged many businesses reputations. In light of the recent scandals that have taken place‚ such as Enron and WorldCom‚ companies must now consider crime insurance as a vital survival tool. Recent reports state that nearly one in three organizations
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If your business owns and utilizes work vehicles‚ commercial truck insurance is essential. Your policies and business practices can impact the costs and types of coverage you may qualify for. By avoiding some common mistakes and keeping the following advice in mind‚ you can ensure that you’ll get the best possible rate. Common Mistakes that Increase the Cost of Commercial Truck Insurance Driving for extended periods - When drivers are on the road for extended periods‚ it can be dangerous. Not only
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can not pay the bills. They figure stealing from an insurance company which is big and greedy is no great moral wrong and no one will miss the money. However‚ even if the company is big and greedy it is still wrong. How people get caught by an insurance company Fraud units at insurance companies are experts. But the reason people get caught are for obvious reason. People make stupid mistakes. However‚ as a word of warning‚ I worked in the insurance industry for years‚ they have very good trick for
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American Health Care/Insurance Essay In the United States‚ the issue of health care is a touchy one. There are two sides to this issue as there is to every other. In this issue‚ there is the people’s side and the government’s side. The one thing that they have in common is an opinion. In the opinion of the people‚ the health care system of the United States is extremely flawed and needs to be fixed desperately. Fifty million Americans are without health insurance. Only a quarter of a million
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Renter’s Insurance covers the personal effects and third party liability of an apartment or house renter. Smart consumers evaluate comparative offerings from insurance companies based on the nature of coverage. Some elements that are important are the amount of deductible‚ maximum benefit‚ per occurrence maximums and the specific events that are excluded in the coverage. If a tenant realizes that personal possessions have been damaged or ruined owing to a fire or a break in‚ he cannot expect the
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Role of Insurance Regulatory development Authority: Protecting the interests of policyholders. Establishing guidelines for the operations of insurers and brokers. Specifying the code of conduct‚ qualifications and training for insurance intermediaries and agents. Promoting efficiency in the conduct of insurance business. Regulating the investment of funds by insurance companies. Specifying the percentage of business to be written by insurers in rural sectors. Handling
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| ASC 172 PRINCIPLE OF RISK MANAGEMENT AND INSURANCE NURUL SYAFIQAH SHAHRIM 2012216192 CHAPTER 1 : RISK AND ITS TREATMENT DIFFERENT DEFINITIONS 1) RISK - uncertain in future - eg : risk of being killed in an auto accident‚ risk of lung cancer for smokers 2) LOSS EXPOSURE - situation in which loss is possible to occur - eg : building may be damaged by earthquake 3) OBJECTIVE RISK - relative variation of actual loss from expected loss
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surprise that health insurance companies are getting in on the game. Health insurance companies usually (though not always) lose money when people get extremely ill and rack up high medical bills‚ so it is certainly understandable that they are now addressing the effects smoking has on their bottom line. Many now offer smoking cessation treatment coverage‚
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Risk Management in Insurance Sector Project Report By Mr. Prashant S. Chirputkar T. Y. B. Com. Banking and Insurance Semester VI Ms. Firdaus Quadri Project Guide The Department of Banking and Insurance Sydenham College of Commerce and Economics‚ B – Road Churchgate‚ Mumbai – 400 020 2007-08 Declaration I Prashant S. Chirputkar student of T.Y.B.com (Banking & Insurance) Semester VI of Sydenham College of Commerce & Economics hereby declare that I have completed the project
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