HIH Insurance Liquidation and Breach of Duty by Directors Background There are few surprises when it comes to insurance‚ but when they do come; they nearly always bring bad news. Such was the demise of HIH Insurance Limited (HIH): both a surprise (to many) and very bad news for many policyholders. On Thursday‚ 15 March 2001‚ HIH received approval from the NSW Supreme Court to place HIH into provisional liquidation. Tony McGrath of KPMG was appointed as provisional liquidator to HIH and 17
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considerable experience in the field of Produce‚ United Insurance Brokers have structured an extensive wording specifically for companies involved with Perishable Goods. Growers‚ producers‚ buyers‚ packers‚ shippers and any business with an interest in Produce and Perishable Goods may benefit from this Cover. Our knowledge of the Produce sector tells us that coverage‚ product valuation and claims service are of paramount importance. The United Insurance Brokers Perishable Goods Cover addresses all
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Today I came across a discussion on the death penalty on a progressive Facebook page. The post was in favor of execution‚ which was interesting to me because this is not the progressive position. In fact progressive position is staunchly opposed to the death penalty. Needless to say this got me thinking‚ and gave me the idea new series that will cover one topic a week. We are going to look at a certain issue every week‚ explain the progressive position‚ and the reasoning behind it. Clearly this week
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Mayelin Acevedo Paper #1 Assignment Insurance Fraud and PIP Automobile fraud has increased in the past years costing insurance companies millions of dollars in fraudulent claims. Further‚ this cost is being passed to consumers through increased insurance premiums. Insurance fraud is committed through staged accidents‚ fake medical treatment‚ and billing for services not rendered. PIP (Personal Injury Protection) is the primary target of auto insurance fraud in Florida. PIP was implemented
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Chapter 1 Introduction to Risk and Insurance Topics (hyperlinked) Risk Basic Categories of Risk Uncertainty Pure‚ Speculative‚ Fundamental‚ Particular Risk Law of Large Number Types of Pure Risk Objective Risk Personal‚ Property‚ Liability Risk Subjective Risk Burden of Risk in our Society Chance of Loss Insurance Objective Probability Pooling Subjective Probability Basic Characteristics of Insurance Frequency vs. Severity Requirements
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When it comes to commercial truck insurance‚ make sure you have the right coverage to ensure you and your employees are taken care of in the event of an accident. Liability Insurance This type of coverage protects you from the cost of medical injury or property damage resulting from an accident caused by you or a company employee in an insured vehicle. Policies usually list separate limits for bodily injury and property damage. With commercial truck insurance‚ many agencies will offer a single
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For several years‚ the auto insurance industry relied on personal relationships that were built between local insurance agents and their local customers (Lewins & Davis‚ 2002). However‚ the way consumers seek auto insurance is changing possibly due to advances in technology. In today’s society‚ technological changes are constantly evolving. It is important for a company such as GEICO to adapt to consumer’s demands for the latest technology. The internet and website capabilities are just one
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criteria which should be considered in an analysis of their own policy.A 12 page overview of the world of automobile insurance. Choosing adequate automobile insurance can be one of the most cost effective things an individual can do in this modern age. Not only can automobile insurance This 6 page paper provides an overview of the basic management strategies of the USAA insurance company. This paper considers the management perspective and strategy‚ as well as the operational function of the company
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“A Discussion on the products of Pragati Life Insurance Ltd” Introduction: Life insurance or life assurance is a contract between the policy owner and the insurer‚ where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s or individuals’ death or other event‚ such as terminal illness or critical illness. In return‚ the policy owner agrees to pay a stipulated amount at regular intervals or in lump sums. There may be designs in some
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Without some of the most famous muckrakers of the progressive era pushing the envelope of investigative journalism‚ legislation within the workplace would be dangerously underutilized. Fiscally committed and morally selective industrialists thought very little of the welfare of their workers‚ unless it happened to interfere with the progression of monopolies. Muckrakers of the early twentieth century sought to impact the common man‚ which is the heart of all production. The passion and sincerity
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