Seven Principles of Insurance With Examples The seven principles of insurance are :- Principle of Uberrimae fidei (Utmost Good Faith)‚ Principle of Insurable Interest‚ Principle of Indemnity‚ Principle of Contribution‚ Principle of Subrogation‚ Principle of Loss Minimization‚ and Principle of Causa Proxima (Nearest Cause). 1. Principle of Uberrimae fidei (Utmost Good Faith) Principle of Uberrimae fidei (a Latin phrase)‚ or in simple english words‚ the Principle of Utmost Good Faith
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Kosová‚ Renáta‚ and Cathy A. Enz. "The Terrorist Attacks of 9/11 and the Financial Crisis of 2008 : The Impact of External Shocks on U.S. Hotel Performance."Cornell Hospitality Quarterly Vol. 53.No. 4 (2012). Web. 15 Nov. 2012. . Lewis‚ Mark. "The AIG Effect." Forbes. Forbes Magazine‚ 16 Feb. 2010. Web. 14 Nov. 2012. . Lomanno‚ Mark. "Luxury Segment Takes Harder Hit than Expected." Hotel & Motel Management Vol 223.15 (2008): 18. Ebscohost. Web. 18 Nov. 2012. Pangaea Network. Luxury Market Trends 2nd Edition: Global Market Research
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CORPORATE FINANCE 307 LITERATURE REVIEW Student Name / ID: Chay Yu Xi 15907811 Jacqueline Teo Hui Yun 15805054 Ting Heng Huat 14973837 Tutor: Leo Kee Chye Tutorial Day / Time: Monday / 2pm Table of Contents Abstract The Tech Bubble Introduction Lowering of Interest Rates Adjustable Rate Mortgage Securitization Mortgage Backed Securities Collateralized Debt Obligation Credit Default Swap Government Reaction and Policies Emergency TARP Repercussions
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References: Dolan‚ Karen. “Lehman‚ AIG‚ Merrill: Which Funds Are Most Affected?” Morningstar‚ inc. 15. September 2008. 17 October 2008. http://news.morningstar.com/articlenet/article.aspx?id=253125#hide Fama‚ E. F. (1970). “Efficient Capital Markets: A Review of Theory and Empirical Work
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(industries/corporations) get affected by a financial sector panic? You can use the example of General Electric as shown in the movie. 5. (From about 42:40) Why couldn’t the government let AIG fail? How was AIG entangled with the entire global financial market? Why would the other major banks go under if AIG failed? 6. Many people argue that the govt. should have bailed out the homeowners by directly giving monetary support to the homeowners‚ not to the big banks who had messed up with people’s
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is named the Securitization Food Chain. Simply stated‚ the Securitization Chain is a system whereby borrowers receive home loans from lenders and the lenders pass these loans across a chain of investment banks‚ investors‚ and the insurance company AIG. With each trade‚ one party earns a profit and the other party earns the loan. The loans were mixed with other types of debt‚ such as car loans and credit card debt‚ given a rating‚ and investors would include these mixes in their funds depending to
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Question 1 At the time Cynthia Cooper discovered the accounting fraud‚ WorldCom did not have a whistle-blower hotline process in place. Instead‚ Cynthia took on significant risks when she stepped over Scott Sullivan’s head and notified the audit committee chairman of her findings. Discuss the key criteria for the operation of an effective corporate whistle-blower hotline. Be sure to highlight potential pitfalls that should be avoided and reference professional codes‚ legislation and academic
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CH. 14 HOME-WORK ASSIGNMENT; DUE ON 11/22 1. Use the figures in the table below to answer the following questions. | Billions | Small time depositsMoney-market mutual funds held by businessesSavings deposits‚ including money-market deposit accountsMoney-market mutual funds held by individualsCheckable deposits Currency | $1250 1300 1620 905 836 325 | (a) What is the value of M1? 836 + 325 = $1161 billion (b) What is the value of M2? 1161 + 1620 + 1250 + 905 = $4936
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1. The Euro appreciated about 15% against the U.S. dollar from January 2008 to November 2009. What impact did this have on consumers and businesses in the U.S. and in the Euro zone area of Europe? Is a falling dollar good or bad for the U.S.? Explain. Whenever a currency appreciates against another there are winners and losers. In this case this scenario benefited the exports of US goods‚ since they became cheaper for the euro zone businesses and nationals. On the other hand‚ European
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THE INQUIRY REPORT FINANCIAL CRISIS Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States • OFFICIAL GOVERNMENT EDITION • INQUIRY REPORT FINANCIAL CRISIS THE INQUIRY REPORT ∞ FINANCIAL CRISIS THE FINAL REPORT OF THE NATIONAL COMMISSION ON THE CAUSES OF THE FINANCIAL AND ECONOMIC CRISIS IN THE UNITED STATES Submitted by THE FINANCIAL CRISIS INQUIRY COMMISSION Pursuant to Public Law 111-21 January 2011 OFFICIAL
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