Old Risks-New Solutions, or Is It The Other Way Around is the latest in a series of volumes which examines new developments in the political risk insurance (PRI) industry. Based on presentations made at the 2010 MIGA Georgetown Symposium, it provides important insights into challenges facing investors and practitioners from the political risk insurance (PRI) industry, including investors, insurers, brokers, lenders, academics and members of the legal community. This volume reflects the key issues which have faced investors and insurers alike including arbitration and a dynamically evolving marketplace. Contributors to this volume reflect on the evolution of the PRI industry during a period of dramatic changes in the marketplace. Not only has the crisis had a tremendous impact on the volume of investment projects, particularly into developing countries, but also on the perception of risk and claims management. The volume begins with a look at the global market place in the aftermath of the financial crisis from an insurer's perspective. It continues with an overview of claims experience and key issues investors should understand when relying on bilateral investment treaties. The volume then examines challenges facing investors and insurers alike when considering sovereign risk within the context of political risk. The volume concludes with an overview of the PRI industry and its evolution over time - how did insurers see the global marketplace evolving over time, what are they predicting now, and how much has it really changed? Old Risks - New Solutions provides valuable insights for practitioners and investors alike, particularly in today's turbulent and uncertain markets.

Health insurance can offer protection against catastrophic medical expenses and improve access to health care. There are, however, imperfections in the insurance market that require intervention such as asymmetry of information between the policy holder and the insurance company, moral hazard that can occur on the side of the insured or the provider of health services, risk selection that may lead to cream skim a particular market, and others. To encourage the effective development of Voluntary Private Health Insurance, it will be necessary for policymakers to establish and enforce regulatory standards that will attempt to correct inefficiencies from market failures and that will achieve desired social objectives. This book is intended to help countries that are contemplating how to design and implement a legal framework for a private health insurance market. First, it provides an overview of private health insurance, the rationale for insurance regulation, and the institutions involved in administering insurance laws. It then reviews the key standards and protections that are often used in regulating private health insurance. As part of the discussion on regulatory standards, options for supervisors in certain areas where policy and regulation approaches vary will be noted. To illustrate international experience, examples of the regulation of private health insurance from several low, middle, and high-income countries will be drawn upon throughout the book.

A life settlement is a transaction in which an insurance policy owner sells a life insurance policy to a third party for an amount that exceeds the policy's cash surrender value, but is less than the expected death benefit of the policy. Reports indicate that the life settlements market had experienced robust growth up until 2007 when it was estimated that $12 billion in face amount, or stated benefit, amount, of life insurance was sold in life settlement transactions. More recently, the amount sold has declined. This book outlines the Life Settlements Task Force's findings about the life settlement market and recommends that the Commission consider certain actions to improve market practices and regulatory oversight.

Do you know what percentage of your income the government defines as "affordable" when it comes to what you will pay for your health insurance? Will you be eligible for government subsidies? If your employer offers you coverage you may not be, even if you don't take it. Do you know why most Americans under 65 will not be able to keep the health insurance that they currently have? In this book you will find concise explanations about the sweeping changes Obamacare brings to health insurance in America, what it means to you and what your options are. When finished with this short read you will have a comprehensive knowledge of how this law affects you and things that you can do right now that will save you money in the future. What you will not find in this book is theory, rationale or politics. Obamacare is the law of the land in America and beginning in 2014 it is going to have a huge impact on the way Americans obtain and pay for their health insurance. What you need are the facts provided here, everything else is academic. This book is a must read for every American under the age of 65. For over 30 years, Ronald's clients have benefited from his expertise as a benefits broker and his ability to explain complex matters in easy to understand, simple English. This book deals with Obamacare in that same manner.

A groundbreaking study of the investment portfolios of takaful companies, their general investment patterns, and their future investments

The Islamic finance industry has witnessed remarkable growth over the last decade, and one of the most successful segments--poised for even greater expansion--is the Islamic insurance (takaful) industry. In "Takaful Investment Portfolios," distinguished takaful scholar Abdulrahman Khalil Tolefat explores the investment portfolios of takaful companies in both the GCC countries and Malaysia, the tip of Islamic finance industry. Investigating the trends and patterns of investment of takaful companies, the book looks at shareholders as well as general and family funds to determine where these companies are investing today, and where they are likely to invest in the future.

Presenting new and novel research on the investment patterns of takaful companies, "Takaful Investment Portfolios" covers the history of the industry and takaful models and how they work, and presents in-depth studies of both their real-world and desired portfolio investments.Presents unique new research into the investment portfolios of takaful companies in the GCC and MalaysiaExamines the gap between desired and actual investment portfolios of takaful companiesExplores expected areas for future investment

Groundbreaking in its depth, "Takaful Investment Portfolios" is an unprecedented study of the investments of takaful companies.

AN EASY-TO-FOLLOW GUIDE FOR MAKING THE BEST DISABILITY INSURANCE DECISIONS Need help understanding what disability insurance is and why it's a critical way to protect your financial future? With decades of experience in the insurance business, Tony Steuer and Maxwell Schmitz deliver a practical resource for choosing the best disability insurance policy for you, whether you currently have a policy or not. Step by step, they lead you through the process of making key disability insurance decisions and understanding important factors: 1. What income protection do I already have? 2. How much disability insurance would I qualify for? 3. How might my medical and financial history affect my rates? 4. What policy components or riders are important to me? 5. How do I choose a trusted agent or advisor and an insurance company? 6. How do I make sure that my policy continues to meet my needs? This workbook will help you avoid unnecessary pitfalls and unpleasant surprises; make informed, confident decisions; and gain the maximum protection for your insurance dollars. Tony's Questions and Answers on Life Insurance and 1The Questions and Answers on Life Insurance Workbook were winners of the Excellence in Financial Literacy Education(TM) Award from the Institute for Financial Literacy(R)

This book should be on the shelf in EVERY home. This book should be in EVERY automobile glove box. Do you carry a spare tire in the trunk of your car? Do you have jumper cables in your car? Do you have a toolbox at home? Ever bought a book that showed you how to fix something? Do you own a first aid kit? Do you have a fire extinguisher or smoke alarms in your home? Why would you do ANY of those things? ANSWER: So you are prepared BEFORE something happens to you. READ THIS BOOK BEFORE SOMETHING BAD HAPPENS TO YOU READ THIS BOOK AFTER SOMETHING BAD HAPPENS TO YOU TO KEEP IT FROM GETTING WORSE

There are a handful of Long-Term Care books and Long-Term Care Insurance books which have been published. Some explain Medicare and Medicaid in depth. Others include guidance in elder law issues, or in choosing a care provider or facility (aka "community"). Still others explain Long-Term Care Insurance exhaustively, down to the last industry-specific contractual clause. This book is aimed at those who have decided they need to plan ahead for eventual care, but want data: what is their risk, what does care cost where they live, what sources of funds do they have access to which will pay for care, etc. The book offers an even-handed approach; there is no attempt to coerce the reader into buying a product or service. This book is unique, first because of its primary purpose: to review every possible method of paying for Long-Term Care at some point in the future. It won't help you if you're currently caring for a family member, and it doesn't explain Medicaid, Medicare, or Long-Term Care Insurance in depth. It does give what I believe to be the relevant details of the governmental plans which help pay for care, and the private, insurance industry plans which help pay for care. It's also a resource for those who want to know if it makes sense to self-fund their care with cash or assets. Following the review of all sources of payment, etc., you'll find a workbook which will walk you through the number crunching related to setting a budget and creating a plan to pay for future Long-Term Care. The workbook is also unique. This is your opportunity: don't ignore this issue

How to perform a Risk Management Analysis in any organization. What is Risk, indeed. Some people see it as danger, others think risk is fun For me it is still simply the uncertain event which awaits you and which has a negative effect on your financial status. RISK represents UNCERTAINTY. The more uncertainty there is in an activity the greater the difficult in managing towards a successful completion. A Risk Management Analysis can give an organization the solution, which they have been looking for and which final goal is the reducing to an acceptable level of those risks, which up to now were unacceptable.

Insurance plays a positive role in economic development, but some of its traditional products are inhibiting in some cultural settings. 'Takaful and Mutual Insurance: Alternative Approaches to Managing Risks' explains the development of a hybrid model. Takaful (which means 'cooperative') is intended to deal with three prohibited or haram practices under Islam: the payment of interest (riba), the existence of uncertainty in a transaction (gharar), and gambling (maysir). The primary intent of this relatively recent entry to world insurance markets is to provide a core service to Muslims and others who have religious or ethical objections to conventional commercial insurance models. A secondary intent is to develop a model that deals with the capital challenges that have faced mutual insurers in the West and the subsequent decline of the mutual business model. Two realities-the uneven approaches to takaful and the economic potential that its availability is releasing-mean that it is especially important to facilitate debates that promote an understanding of takaful. This book-while not attempting to take on a role belonging to sharia lawyers and regulators in Islamic countries-provides a comprehensive overview of mutual insurance structures, including Christian and Jewish examples as well as other hybrid models, to provide a broad overview of the universe of operating models and to present ideas for moving forward. It also explores avenues for further opportunities, including the application of takaful to microinsurance markets in emerging countries with large Muslim populations. Takaful and Mutual Insurance: Alternative Approaches to Managing Risks seeks to increase the understanding, appreciation, and discussion of the challenges and solutions needed for the active development and implementation of takaful.

Every year wildfire destroys thousands of homes, devastates countless lives and burns millions of acres. And every year people who've lost everything say, "We didn't think it would happen to us. If only we'd been better prepared." Now homeowners have a straight-talking handbook to help them get prepared, stay alive and rebuild their lives if disaster strikes. Surviving Wildfire's compelling combination of real-life experience and in-depth research makes it an indispensable tool for anyone living with wildfire risk. CONTENTS Assessing Your Risk; Firewise Building & Remodeling; Defensible Space You Can Live With; Advance Planning (A Pound of Prevention Can Save a Ton of Trouble); Evacuation Essentials (What to Take, When to Leave, How to Escape); Insurance (How Much You Need, What It Covers, How It Works); Filing a Claim (Insider Tips & Tactics); Recovery (Picking Up Your Pieces & Starting Over); Our Story; plus an Appendix with further resources for homeowners.

This book focuses on problem-solving from managerial, consumer, and societal perspectives. It emphasizes both the business managerial aspects of risk management and insurance and the numerous consumer applications of the concept of risk management and insurance transaction.
The tenth edition has been reorganized and fully updated to highlight the increased importance of risk management and insurance in business and society. In particular, the tenth edition refocuses its attention on corporate risk management, reflecting its growing importance in today's economy.

Nonfinancial Defined Contribution (NDC) schemes are now in their teens. The new pension concept was born in the early 1990s, implemented from the mid-1990s in Italy, Latvia, Poland and Sweden, legislated most recently in Norway and Egypt and serves as inspiration for other reform countries. This innovative unfunded individual account scheme created high hopes at a time when the world seemed to have been locked into a stalemate between piecemeal reforms of ailing traditional defined benefit schemes and introducing pre-funded financial account schemes. The experiences and conceptual issues of NDC in its childhood were reviewed in a prior anthology (Holzmann and Palmer, 2006). This new anthology serves to review its adolescence and with the aim of contributing to a successful adulthood. To this end the book offers a deep and comprehensive review of the experience of countries where NDC schemes have been in place for a decade or more, takes stock of the discussions of the place of NDCs in the world of pension reform, and addresses in detail important issues related to implementation and design, such as the of the "NDC story", making transparent the legacy costs, financial accounting, balancing, creation of a reserve fund, gender, and longevity. The book also contains analyses of the pros and cons of NDC contra FDC and a typical paygo DB scheme in two Latin American countries. The key policy conclusions include: (i) NDC schemes work well (as documented by the experience of Italy, Latvia, Poland and Sweden during the crisis) but there is room to make them work even better; (ii) Go for an immediate transition to the new scheme to avoid future problems; (iii) Identify the legacy costs and their explicit financing during the transition as they will hit you otherwise soon; (iv) Adopt an explicit stabilising mechanism to guarantee solvency; (v) Establish a reserve fund to guarantee liquidity; (vi) Elaborate an explicit mechanism to share the systemic longevity risk; and, last but not least; (vii) Address the gender implications of NDC with deeper analysis and open political discourse.

This country assessment is part of a set of studies planned in order to provide a better understanding of how to improve the business environment in which the private sector operates in Congo and other African countries. The assessment was conducted in order to establish a baseline of information, to help with political decision-making and provide market information. The private health sector assessment in the Republic of Congo provides a diagnosis of the nature and the effectiveness of the interface between the public and private sectors, establishes a dialogue on policy with stakeholders, and makes recommendations for reform that would bolster public and private involvement. The methodology is based on a supply and demand approach to identify market, policy and institutional barriers, and options for reducing these barriers by changing policies and initiatives. The information pertaining to demand reveals how users perceive private providers and their potential. The information pertaining to supply gives a better understanding of the role that private providers play and the challenges they encounter. The institutional information shows how Congo s institutions have facilitated or hampered the private participation. The study methodology includes the following aspects: (i) presentation of the general context of the private health sector in Congo, (ii) multidimensional analysis of demand, (iii) multidimensional analysis of supply, and (iv) analysis of institutional context. Options for action presented in this report include (i) policy and governance initiatives, (ii) regulatory initiatives, (iii) incentive initiatives, and (iv) concrete measures for public-private partnerships (PPP) in the health sector."

This well-documented book is of interest to life insurance company officers and employees, to college and university placement officials, to teachers of insurance, and to undergraduates considering a career. It is a study of the attitude of the college graduate toward employment in the home office, the opportunities offered there, and the company policies regarding personnel.
Originally published in 1955.
A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.

This scarce antiquarian book is included in our special Legacy Reprint Series. In the interest of creating a more extensive selection of rare historical book reprints, we have chosen to reproduce this title even though it may possibly have occasional imperfections such as missing and blurred pages, missing text, poor pictures, markings, dark backgrounds and other reproduction issues beyond our control. Because this work is culturally important, we have made it available as a part of our commitment to protecting, preserving and promoting the world's literature.

Our comprehensive industry guide for financial services professionals examines life, accident and health insurance from multiple viewpoints in or order to prepare individuals for their state's insurance licensing examinations. Providing a thorough overview of individual and group life and health insurance, life and health insurance products and a complete summarization of insurance company operations and regulations, this manual covers it all in an easy to read format. Additionally, chapters are devoted to the uses of life and health insurance in personal and business planning and government and employee benefit plans. This is also an outstanding reference manual for financial planners, salesmen, actuaries, investment managers, attorneys, CPAs and other financial services professionals.

The Health Care Safety Net in a Post-Reform World examines how national health care reform will impact safety net programs that serve low-income and uninsured patients. The "safety net" refers to the collection of hospitals, clinics, and doctors who treat disadvantaged people, including those without insurance, regardless of their ability to pay. Despite comprehensive national health care reform, over twenty million people will remain uninsured. And many of those who obtain insurance from reform will continue to face shortages of providers in their communities willing or able to serve them. As the demand for care grows with expanded insurance, so will the pressure on an overstretched safety net. This book, with contributions from leading health care scholars, is the first comprehensive assessment of the safety net in over a decade. Rather than view health insurance and the health care safety net as alternatives to each other, it examines their potential to be complementary aspects of a broader effort to achieve equity and quality in health care access. It also considers whether the safety net can be improved and strengthened to a level that can provide truly universal access, both through expanded insurance and the creation of a well-integrated and reasonably supported network of direct health care access for the uninsured. Seeing safety net institutions as key components of post-health care reform in the United States-as opposed to stop-gap measures or as part of the problem-is a bold idea. And as presented in this volume, it is an idea whose time has come.

Featuring insightful, actionable and proven cost-saving ideas, How To Save Big On Workers' Compensation shows how employers can maximize productivity and profits through safety and a culture of caring. This essential guide shares strategies that saved a quarter of a billion dollars.

This easy-to-read book includes exclusive interviews with leading industry experts. The experts include Larry LaPointe, former director of the Division of Confidential Investigations at the New York State Insurance Fund (NYSIF); Ed Hiller, director of Claims and Medical Operations for NYSIF; Brian Mittman, the managing partner of Markhoff & Mittman, a law firm helping injured workers; Robert Firmbach, a veteran loss-control and safety expert; Eileen Preiato, the Friedlander Claims Solution manager; and Cosmo Preiato, executive vice president of Friedlander Group and leader of Safety Group Underwriting and Operations.

"Friedlander's approach in this well-written, helpful book is to focus on what employers can do to minimize workers' compensation claims in the first place. He believes that by creating a "culture of caring," employers can effectively save money on workers' compensation, because "that culture will maximize your productivity, efficiencies, and profits." ...This revelation alone makes the book valuable, along with several eye-opening interviews with workers' compensation experts. Employers will gain insight into such key issues as claims and premium fraud, abuse of the system, loss control and reducing the cost of claims. A thoughtful book that could actually save employers some serious money." Kirkus Review

"During my time as CEO of the New York State Insurance Fund, Adam always displayed a keen insight into the intricate workings of the state compensation system. He is a true comp professional who understands the needs of the system's stakeholders; policyholders, associations, injured workers and policy makers. His primer is a must read for those involved in our industry. Ken Ross, CEO/President, Pinnacol Assurance

"How to Save Big on Workers' Compensation is interesting, informative and a must read book. Adam uses his vast knowledge, candid insights including interviews with true experts in workers' compensation to discuss issues related to fraud, claims, safety and loss control. The book focuses on safety prevention as a major linchpin of effective cost control resulting in lowering premium costs. The reader should benefit from this unique review of important issues." Donald T. DeCarlo, J.D. CEO AMCOMP, Commissioner of NYS Insurance Fund, 1997-2009

"Adam offers a number of key concepts - such as managment-employee relations and a culture of caring - that are very straight forward and really work to control workers' compensation costs. His interviews with industry experts deliver the information in an easy-to-understand, real-world style. This is a great book for virtually every American business." Dennis Otmaskin, CPCU Regional President, Northeast & Mid-Atlantic Harleysville Group

"I found it to be a riveting book, presented in a manner that every employer would clearly enjoy reading and would cut the cost to his bottom line. This should be considered a training manual. This is also a worthwhile book for every Insurance Broker to read and present to every business client. It presents a powerful bit of knowledge." Arthur Natter, former broker and NYSIF retiree

"Adam's a serious professional and a clear-headed writer." Steve Acunto, Editor & Publisher of Insurance Advocate

"I had an opportunity to read "How to $ave Big on Workers' Compensation." It is exceptional I especially like the way you started the book with Establishing A Culture of Caring " Scott Addis, The Addis Group

"Adam, I just finished your book. Quite simply, it was fantastic. I will be purchasing and sending a few copies to my peers. Thank you for your contributions." Brian Nebel, P2P Insurance Agency, Partner

This applied study addresses the large flood exposures of Central Europe and proposes efficient financial and risk transfer mechanisms to mitigate fiscal losses from such natural catastrophes. In 2010 the V-4 Visegrad countries (i.e., Poland, Czech Republic, Hungary and Slovakia) demonstrated their historical vulnerability to floods - Poland suffered $3.2 billion in flood related losses, comparable to it $3.5 billion of losses in 1997. Flood modeling analysis of the V-4 shows that a disaster event with a 5 percent probability in any given year can lead to economic losses in these countries of between 0.6 percent to 1.9 percent of GDP, as well as between 2.2 percent to 10.7 percent of government revenues. Larger events could quadruple such losses. The European Union Solidarity Fund is available as a mechanism for disasters but it comes into effect at only very high levels of losses, does not provide sufficient funding, and is not speedy. An insurance-like mechanism for National Governments can be tailored for country-portfolio needs for buildings, properties and critical infrastructure. By virtue of the broad territorial scope, fiscal support should use mechanisms that provide payments triggered by physical flood measurements in selected areas (rather than site-by-site losses as in the traditional insurance industry). A multi-country mechanism for insurance pooling of risks to protect infrastructure can also provide major cost efficiencies for all governments, using parametric-or index contracts. Savings from pooling can range from 25 to 33 percent of the financing costs that each country would otherwise have paid on its own. There are several instruments and options for both insurance, and debt financed mechanisms for funding catastrophes. All instruments can be analyzed based on equivalencies in terms of market spreads. A hybrid-like instrument, the catastrophe bond, is really a risk transfer instrument but structured as a debt security. The V-4 countries should therefore begin to set up the financial mechanisms to prevent major fiscal losses from future catastrophic floods and avoid fiscal disruptions when these occur. The instruments proposed can be market tested and supplemented with exacting studies on hydrology and topography used to fine tune the loss estimations per event and where property and infrastructure are exposed.|Kill the Messenger is perhaps the most thorough and authoritative work in defense of educational testing ever written. Phelps points out that much research conducted by education insiders on the topic is based on ideological preference or profound self-interest. It is not surprising that they arrive at emphatically anti-testing conclusions. Much, if not most, of this hostile research is passed on to the public by journalists as if it were neutral, objective, and independent. This volume explains and refutes many of the common criticisms of testing; describes testing opponents strategies, through case studies of Texas and the SAT; illustrates the profound media bias against testing; acknowledges testings limitations, and suggests how it can be improved; and finally, outlines the consequences of losing the war on standardized testing.

The government of the Republic of Congo is taking a system approach to reorganizing its health system. It is endeavoring to create a political, juridical, and regulatory environment to foster the development of its health care services under government leadership working with the private sector.

Nonfinancial Defined Contribution (NDC) schemes are now in their teens. The new pension concept was born in the early 1990s, implemented from the mid-1990s in Italy, Latvia, Poland and Sweden, legislated most recently in Norway and Egypt and serves as inspiration for other reform countries. This innovative unfunded individual account scheme created high hopes at a time when the world seemed to have been locked into a stalemate between piecemeal reforms of ailing traditional defined benefit schemes and introducing pre-funded financial account schemes. The experiences and conceptual issues of NDC in its childhood were reviewed in a prior anthology (Holzmann and Palmer, 2006). This new anthology published in 2 volumes serves to review its adolescence and with the aim of contributing to a successful adulthood. Volume 1 on Lessons, Issues, Implementation includes a detailed analysis of the experience and the key policy lessons in the old and new pilot countries and general thoughts around the implementation of NDCs in other countries, including Chile, Greece and China. Volume 2 on Gender, Politics, Financial Stability includes deeper and new analyses of these issues that found limited or no attention in the 2006 publication. The key policy conclusions include: (i) NDC schemes work well (as documented by the experience of Italy, Latvia, Poland and Sweden during the crisis) but there is room to make them work even better; (ii) Go for an immediate transition to the new scheme to avoid future problems; (iii) Identify the legacy costs and their explicit financing during the transition as they will hit you otherwise soon; (iv) Adopt an explicit stabilizing mechanism to guarantee solvency; (v) Establish a reserve fund to guarantee liquidity; (vi) Elaborate an explicit mechanism to share the systemic longevity risk; and, last but not least; (vii) Address the gender implications of NDC with deeper analysis and open political discourse.

The Making of the Modern Law: Legal Treatises, 1800-1926 includes over 20,000 analytical, theoretical and practical works on American and British Law. It includes the writings of major legal theorists, including Sir Edward Coke, Sir William Blackstone, James Fitzjames Stephen, Frederic William Maitland, John Marshall, Joseph Story, Oliver Wendell Holmes, Jr. and Roscoe Pound, among others. Legal Treatises includes casebooks, local practice manuals, form books, works for lay readers, pamphlets, letters, speeches and other works of the most influential writers of their time. It is of great value to researchers of domestic and international law, government and politics, legal history, business and economics, criminology and much more.++++The below data was compiled from various identification fields in the bibliographic record of this title. This data is provided as an additional tool in helping to insure edition identification: ++++Harvard Law School LibraryCTRG95-B2633Includes index.London: MacDonald and Evans, 1909. xv, 228 p.; 19 cm