a. Explain how insurance can provide benefits to the community. b. Explain how insurance can be costly
Question:
a. Explain how insurance can provide benefits to the community.
b. Explain how insurance can be costly to society.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
a Insurance can provide benefits to the community in several ways Risk management Insurance provides ...View the full answer
Answered By
Saleem Abbas
Have worked in academic writing for an a years as my part-time job.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Principles Of Risk Management And Insurance
ISBN: 1292349743
14th Global Edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The city of Oak Ridge is evaluating three mutually exclusive landscaping plans for refurbishing a public greenway. Benefits to the community have been estimated by a landscaping committee, and the...
-
Read the following extract: Museum and art gallery annual general-purpose financial reports may amount to misrepresentations if they include heritage and art collections that are not assets, as...
-
Liberty Ventures Inc. reported a $320,000 profit in 2020 and declared preferred dividends of $20,000. The following changes in common shares outstanding occurred during the year: Jan 1 100,000 common...
-
Evaluate the following statement: For most business entities, book income differs from taxable income because income has different meanings for the users of the data in the income computation.
-
Consider the following information: a. Your portfolio is invested 30 percent each in A and C and 40 percent in B. What is the expected return of the portfolio? b. What is the variance of this...
-
It has been argued that to be classified as a professional one must offer services to the public rather than simply be an employee of an organization. As such, most employees of an organization,...
-
This information is available for Paik??s Photo Corporation for 2010, 2011, and 2012.InstructionsCalculate inventory turnover, days in inventory, and gross profi t rate (from Chapter 5) for Paik??s...
-
what is the main different between balance sheet and income statement of manufacturing company like general motor and service company like at&t and multinational corporation like sysco and Oilfield...
-
Why does nonlife insurance typically use the term property and casualty insurance rather than property and liability insurance?
-
Give at least four examples of fraudulent claims.
-
You are interviewing for a position with Limelight Photography. The president of the company asks you to explain how payroll is both an expense and a liability of the company. How will you answer?
-
You attempt to throw a ball over a fence to your friend on the other side. you are 1 2 . 4 m from the fence when you throw it at an angle of 5 5 degrees above the horizontal, giving it an initial...
-
Use the vertical analysis of the company and a horizontal analysis of the company downloaded from Ascension Health . Discuss your findings by answering the following: Is Ascension Health growing? How...
-
A cat hat moves in a uniform circular motion when she tries to chase her laser; she has a centripetal acceleration of 13m/s^2. If the radius of her motion is 0.02m, what is the frequency of the motion
-
2. A molecular motor is moving along an actin filament or a microtubule carrying a cargo of a radius against the viscous friction force. The energy for the motion comes from ATP hydrolysis. Assume...
-
(a) Denmark Cookie Co is looking to fund a new factory and production facilities to produce cakes for 12 years with debt financing. Explain why loan covenants are imposed on the borrowings of this...
-
In Problems 7-20, find the area bounded by the graphs of the indicated equations over the given interval. Compute answers to three decimal places y = x2 + 2; y = 0; 0 x 3
-
Presented below are income statements prepared on a LIFO and FIFO basis for Kenseth Company, which started operations on January 1, 2024. The company presently uses the LIFO method of pricing its...
-
Martha rents an apartment and is the named insured under a Homeowners 4 policy (contents broad form) with a liability limit of $100,000 per occurrence and $1000 medical payments. For each of the...
-
What is the meaning of occurrence under Section II of the homeowners policy?
-
Briefly explain the personal liability coverage (Coverage E) in Section II of the homeowners policy.
-
Read before starting: Bad rating = small mistakes,missed important things, not related to what i want, and more mistakes Good rating: ALL WITH NO MISTAKES!! Rarely done by tutors. LOOKING For: Full...
-
A seller is offering her property for sale for $350,000.00. The buyer offers $335,000.00 in writing to buy the house. The seller rejects the offer without reducing her price. The buyer then sends...
-
A corporate borrower has a loan with a 2 year maturity and a floating rate set at prime plus 3% and an interest rate cap of 7%. Currently the prime rate is 4%. How will this interest rate cap affect...
Study smarter with the SolutionInn App