Business insurance

Double insurance, some speak of it as dual insurance. It has often been considered as double dipping and unjust enrichment of assured because sometimes it became source for making profit thatisincurring money above loss which is bad in law. Now the question comes what actually is double insurance? This concept has been dealt by The Marine Insurance Act, 1963 under section 34, 75, 80, 84. According to section 34 of said act “Where two or more policies are effected by or on behalf of the assured…

All over the United States, people file for insurance. People can file for many types of insurance policies and file many claims- whether it be health insurance, car insurance, home insurance, and renter’s insurance. What most people do not understand is who commits insurance fraud. Insurance fraud can be committed by the claimant, the consumer, and the insurance company. What is insurance fraud though? In most cases, it is industry insiders, and loosely organized networks of bad medical…

My husband has a small business and has to pay taxes every three month. This is an obligation that we have to fulfill in order to stay within the law and not get into trouble with the IRS o Insurance: this is an obligation for me. My assets need to be protected in case of an emergency, such as car wreck or house fire o Tuition: school tuition, either for private…

made to warn Ford Kuga 1.6 owners that their cars could be a danger to their safety and that they should take their car to a dealer as soon as possible to sort out this problem. 2. 2.1. The National Consumer Commission is the regulator of consumer business interaction in South Africa. They ensure the economic welfare of consumers and they promote a fair market place for consumer products. 2.2. To ensure that consumers are receiving safe and good quality products and that there must be a…

individual have your secrets? Have you or has a few of your associates lost a secret just recently? If this has occurred, the cylinder of your lock has be replaced or rekeyed as quickly as possible. Security of the secrets is extremely vital since insurance does not cover break-ins dedicated with stolen keys. Make sure that you have a control of your house keys. 3. Community watch We advise you to discover somebody who looks after your home while you are on vacation. If you have good relations…

Now that self-driving cars are becoming a reality, they may impact society because of competition with big auto companies. They will have competition with uber, taxis and insurance companies will start to lose money. Google is building the self-driving cars in detroit for other companies to build. The self-driving car would be 100% electric and could drive a range of 100 miles. A self-driving car will now have sensors that can detect thing before it happens. Google says it is covering 10,000…

Raghav Gangarapu is a Database Administrator that works for the insurance firm, Allstate. Allstate is the the second largest personal lines insurer in the country. The corporation offers a variety of packages mainly in the property and casualty sector of insurance. Being a Database Administrator for Allstate, caused Raghav to be immersed a complex sample set of millions of people confidential insurance information. Raghav’s job is to create, update, and protect the databases Allstate uses for…

the government owns and operates healthcare facilities and employs the employees at these facilities such as the physicians, medical assistance, nurses, and front staff etc. (Healthinsurance.org, 2016) Below is a graph done by the Harvard School of Business. “They found that Americans actually preferred socialized medicine to our system.” (Klein, 2009) The pros to socialized healthcare being first it is affordable to everyone. There is no longer a social divide based on economic values. The…

Insurance is a complicated industry governed by federal and state laws and regulations. Timely review of the regulation is an important task that if not done well, can create unnecessary risk to the company. This paper will discuss the importance of reviewing new laws, the challenges of doing so, and an innovative new software to do this, called Auto-Comply. The Problem The insurance industry is a highly regulated business and is expected to comply with regulation from the federal government,…

Aflac Started as a family owned business sixty-one years ago in Columbus, GA, Aflac is the leader in supplemental insurance companies in the United States today (Fortune.com, 2016). To add to this acclaim, the company has also been listed on FORTUNE magazine’s top 100 Best Places to Work list for the last eighteen years, which is the longest run of any company in the insurance industry. Making the list at number 50 in 2016, there are numerous reasons why Aflac continues to earn this title,…