People who do not have any health insurance are setting themselves up for financial ruin. Uninsured people do not have access to preventative and primary care or may have difficulty receiving follow-up care. An onset of a sudden illness such as cancer or diabetes or even an accident can accumulate medical bills. Therefore‚ paying a higher out-of-pocket expense in medical bills without the use of health insurance can lead to debt or bankruptcy. Acquiring health insurance is necessary so that people can
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Collapse of HIH Insurance KEY FINDINGS The collapse of HIH Insurance (HIH) in early 2001 will significantly affect NSW Government finances: ♦ A $600 million liability (estimated) has been included in the 2001-02 NSW Budget. This amount relates to a support package set up by the NSW Government for NSW residents who have HIH Compulsory Third Party (CTP) and home-owner warranty insurance claims. NSW public sector agencies have $30.5 million of outstanding and potential claims with HIH Insurance. A $28 million
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Purchasing life insurance is a widely accept money management approach in United States. People are willing to buy life insurance to avoid paying inheritance tax and financial hardship for families due to their death. It has been found that life insurance industry‚ being a financial intermediation‚ has contributed significantly to economic growth over a 30-year period (USAID‚ 2006) in USA. However‚ a research by Standard & Poor’s (S&P) (Gaskel‚ 2011) has drawn attention‚ which shows that
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Admiral car insurance review Admiral is a car insurance specialist which offers single and multicar insurance. The company’s insurance goal is to help their customers save time and money‚ also providing legal covers‚ 24 hour roadside emergency accident helpline as well as personal injury cover. Characteristics a) Products The first aspect when reviewing the Admiral Car insurance is the range of products. The company offers a wide range of benefits‚ suited for all kind of drivers. Firstly‚ it
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Car insurance fraud is of late becoming a very big problem not just in US but also in countries like Britain and those in the European Union. The sad thing is that most of these insurance fraudsters are becoming more and more cunning and creative with each passing day which makes it very difficult to nail them. It is now not surprising for insurance buyers to stage car accidents and then make claims for either personal injury or car compensation. Someone may also be cunning enough to craft out a
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INTRODUCTION TO PERSONAL ACCIDENT INSURANCE POLICIES * Except insurance all the investment alternatives involves risk and the only rule that prevails high risk high profit‚ if the economic circumstances is not favoring our investment we will lose our hard earned money‚ further more all these investment plans are for the short period on the other hand Insurance has a long term perspective. As investment it not only covers the risk of your life rather then it also secure the future of your loved
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COMMUNITY HEALTH INSURANCE IN INDIA – A STRATEGY TO COVER THE INFORMAL SECTOR Dr. N. Devadasan Research Fellow Institute of Tropical Medicine‚ Antwerp AMCHSS‚ SCTIMST – Trivandrum. Correspondence: C/o The Valley School Thatguni Post (Kanakapura Road) Bangalore – 560062 Tel +91 94484 91355 deva@devadasan.com Overview of health insurance in India Health care in India is financed traditionally from two sources. The government is both the funder and the provider of health care and has a wide
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Aviva: Let’s Change Insurance Institute of Communication Agencies Bronze‚ Canadian Advertising Success Stories‚ 2010 Title: Source: Issue: Aviva: Let’s Change Insurance Institute of Communication Agencies Bronze‚ Canadian Advertising Success Stories‚ 2010 Aviva: Let’s Change Insurance EXECUTIVE SUMMARY Business Results Period (Consecutive Months): April-September 2008 Start of Advertising/Communication Effort: April 2008 Base Period for Comparison: April-September
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GOOD FAITH IN INSURANCE LAW Good Faith: A study Good faith is required in a wide range of situations‚ including contracts and business dealings‚ as well as during mediation‚ arbitration orsettlement negotiations in a personal injury or similar tort case. The good faith requirement also appears in business law. The officers and directors of a corporation are obligated by their fiduciary duties to act in good faith when dealing on behalf of the corporation. Although the phrase “good faith” may mean
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HIH Insurance – Due to the high risky areas the company has incurred the following losses: - The company has acquired the business of the FAI Insurance which is involved in the more risky business of the insurance. The company has incurred the considerable damage claims. - The company has entered into the insurance of film financing services which has led to the loss of dollar hundred million in the year. - Due to the insurance business in the field of natural disasters‚ the company has incurred
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