Our client is a property and casualty insurance agent. He is a 51 year old male and his wife is forty-eight years old. His wife is a retired high school math teacher. They have two children ages twenty-two and seventeen. The twenty-two year old is currently enrolled in college at the University of Mississippi and the seventeen year old is currently enrolled at Tupelo High School. The client lives in Tupelo, Mississippi. He was born and raised in Nettleton, Mississippi and moved to Tupelo after he got his degree and started working as a producer for an independent insurance agency named IFM (Insurance and Financial Managers), he then became an exclusive agent for ALFA. Subsequently he opted to use multiple insurance companies to underwrite his clients, whereas this led to him starting his own independent agency called Insurance Managers Inc. Considering all of the above information, the insured faces many different exposures. His risk management goals are to have adequate insurance limits to cover the exposures he faces. The insured has many exposures that need to be addressed. The bulk of the insurance needs are for the following – auto, home, farm, and watercraft. The greatest risk exposure for this client would be if he had adequate limits of liability insurance if anything were to happen. Auto claims usually involve other people and their property, and can accumulate rather hastily. Carrying high auto limits helps the insured avoid paying high liability claims out of pocket. With regard to autos, the insured faces an exposure of being involved in an accident with another party that doesn’t carry adequate insurance or doesn’t have insurance at all. Furthermore, on the insured’s auto policy he faces the exposure of having two youthful drivers. Youthful drivers have a higher loss frequency so higher limits are required. Another exposure is how and where the insured’s vehicles are garaged. Also the twenty-two year old driver has the vehicle away at school with him which is an increased exposure. The insured’s vehicles are not kept in a locked garage so they face an increased exposure to vandalism and theft. The home is located in Guntown Mississippi. His home was built in 2005. The year of construction is a key component to analyzing risks and the exposures a home faces. Given that the home is a newly constructed home it decreases the chances of outdated products or procedures being used on the home. Moreover, with the home being built within the last 15 years the insured’s roof should be in good condition. The condition of the roof is a major factor because it helps prevent major losses from weather exposures. There are two fireplaces located on the insured’s premises. One fireplace is inside the home, although it is not the primary source of heat and the other fireplace is in the outdoor kitchen. Chimney’s can clog and cause smoke to back up inside the home. They should be cleared frequently by a professional chimney sweep. The insured also has a dog. Dogs are an exposure because they could bite neighbors or people visiting the home. Our insured would be liable for any medical payments or property damage caused by his pet. The insured has a swimming pool at his home which increases the exposures that the home faces. The pool is attractive to children and can cause soaring liability claims. The pool does have a diving board that must meet certain regulations with each company a policy is quoted with. Our insured does have a fence partially around his pool that lowers the chances of unwanted guests e ntering his pool area. With the pool, the insured also faces an increased water backup loss if something were to happen with the pump on the pool. The insured also has a boat that he keeps in a shop on the premises. The insured’s boat faces a lot of the same exposures that a car would. They are liable for any damages they cause while operating the boat whether it be to another boat or a pier. The insured
that are attributed to it, being paid by society in the form of medical fees, unemployment benefits, and other miscellaneous costs. This report proposes that these costs and problems need to be addressed, and one avenue through which they can be is a junk food tax. This report…
and it is atypical for the listing to be on the issuer’s home stock exchange. The high-yield bond is usually offered to investors which consists of large amount of institutional investors, including hedge funds, high-yield funds, corporate funds, insurance companies and pension funds. Once they are issued they are generally actively traded in the secondary market. A significant proportion of investor demand can be expected to come from the US high-yield investor community.
High-yield bonds are not…
obese at the time, but when eating a lot of junk food at least once a everyday you might gain a lot of weight. Then personal responsibility kicks in and the consumer gets the idea that it’s the company’s fault and now they want to sue them. Company’s advertise, but don’t pressure the consumer to buy the food. Both the company and consumer have fault in this.
Health insurance for obese people should not increase or cost…
Week 5 – Assignment
1. Chapter 7 addresses organizational structures (how organizations group jobs and
work functions into groups). For example, a hospital may have hundreds or
thousands of employees while a private physician’s office may have just a few
employees. For the organizations below, describe which organizational structure
they would likely use and why:
• A small physician’s office
Smaller hospitals tend to have much simpler organizational structures.
small business can use one…
health. The lack of movement and exercise causes back and circulatory problems and leads to heart disease. Carpal tunnel syndrome is also common in truck drivers. Truckers eat what they can, when they can. A trucker's diet usually consists of fast food, junk food, and artery-clogging diner specials. Restroom breaks are infrequent, which leads to bowel, prostate, kidney, and digestive problems. An over-the-road trucker's bed usually consists of a thin foam mattress in a narrow bunk. The uncomfortable sleeping…
ultimately leaves consumers unhappy and unfulfilled.”
When watching TV there’s many commercials that go on more than the show being given. Even when you skip to the next channel, there’s more commercials as well. Whether it’s a food commercial, insurance commercial, or a car commercial, the way the commercial is presented makes it irresistible and makes you want go out and buy these products. In the article it describes an Infinity car commercial on how a man loved his car so much he passed away…
other parts of the world.
Conditions on the passage to America were terrible. Sometimes half the cargo would die from starvation, dehydration, or simply from suicide. At times the slave merchants would throw sick slaves overboard, because their insurance would pay for slaves lost at sea, but if brought to land alive they would be sold for less than the cost of carrying them. In one famous case a British court agreed that this was a perfectly legal and acceptable practice.
Enslaving Indians was also…
America: To be or not to be fat.
Our society is getting fatter year by year. Our children are suffering from a lack of exercise and a sedentary life nowadays. America must change how its children look at food or America will be forever fat. This paper examines what we have done in the past to help it and what we are doing now to help it. It also talks about why we are getting fat.
“We are now eating 31 percent more calories than we were forty years ago–including 56 percent more…
back into my old eating habits in week three. It became very expensive to maintain all of the foods listed on the menu, and scheduling my meals became a problem. But most of all, the junk food that was usually eaten, was really missed. There snacks that were listed were not a good supplement to make me forget about my junk food cravings.
Preparing for this assignment…
around 2,900 member commercial banks, which select 6 out of 9 directors to each FRB.
2. Remember the date 1933
a. The Banking Act of 1933 created the FDIC and the Glass-Steagall Act.
i. It established Federal Deposit Insurance Corporation (FDIC).
1. Temporary deposit insurance limited to $2,500.
2. Changed from temporary to permanent in 1934 for $10,000.
3. Required all FDIC insured banks to become members of Federal Reserve System.
ii. Glass-Steagall Act
1. Separated commercial banking…