tag:blogger.com,1999:blog-1400574.post112708499793441721..comments2024-03-28T04:04:03.006-07:00Comments on Paying attention: Budget puts debt payment before service gains, tax cutsUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1400574.post-80005085026370343562011-02-23T00:32:02.061-08:002011-02-23T00:32:02.061-08:00http://www.Lowestmedicalinsurance.com
Large number...http://www.Lowestmedicalinsurance.com<br />Large number of similar exposure units. Since insurance operates through pooling resources, the majority of insurance policies are provided for individual members of large classes, allowing insurers to benefit from the law of large numbers in which predicted losses are similar to the actual losses. Exceptions include Lloyd's of London, which is famous for insuring the life or health of actors, sports figures and other famous individuals. However, all exposures will have particular differences, which may lead to different premium rates.<br />Definite loss. The loss takes place at a known time, in a known place, and from a known cause. The classic example is death of an insured person on a life insurance policy. Fire, automobile accidents, and worker injuries may all easily meet this criterion. Other types of losses may only be definite in theory. Occupational disease, for instance, may involve prolonged exposure to injurious conditions where no specific time, place or cause is identifiable. Ideally, the time, place and cause of a loss should be clear enough that a reasonable person, with sufficient information, could objectively verify all three elements.<br />Accidental loss. The event that constitutes the trigger of a claim should be fortuitous, or at least outside the control of the beneficiary of the insurance. The loss should be pure, in the sense that it results from an event for which there is only the opportunity for cost. Events that contain speculative elements, such as ordinary business risks or even purchasing a lottery ticket, are generally not considered insurable.<br />Large loss. The size of the loss must be meaningful from the perspective of the insured. Insurance premiums need to cover both the expected cost of losses, plus the cost of issuing and administering the policy, adjusting losses, and supplying the capital needed to reasonably assure that the insurer will be able to pay claims. For small losses these latter costs may be several times the size of the expected cost of losses. There is hardly any point in paying such costs unless the protection offered has real value to a buyer.<br />Affordable premium. If the likelihood of an insured event is so high, or the cost of the event so large, that the resulting premium is large relative to the amount of protection offered, it is not likely that the insurance will be purchased, even if on offer. Further, as the accounting profession formally recognizes in financial accounting standards, the premium cannot be so large that there is not a reasonable chance of a significant loss to the insurer. If there is no such chance of loss, the transaction may have the form of insurance, but not the substance. (See the U.S. Financial Accounting Standards Board standard number 113)<br />Calculable loss. There are two elements that must be at least estimable, if not formally calculable: the probability of loss, and the attendant cost. Probability of loss is generally anAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1400574.post-5368828467718264362010-01-24T21:22:36.871-08:002010-01-24T21:22:36.871-08:00Bay Area Funeral Service - San Jose Funeral Home ...Bay Area Funeral Service - San Jose Funeral Home San Jose Funeral Home serving the whole Bay Area for all of your funeral needs: Memorial Services, Cremation servies, Graveside Services and all your ...<br />www.bayareafuneralservice.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1400574.post-4295886548958880302009-10-18T14:09:27.052-07:002009-10-18T14:09:27.052-07:00Free online car insurance quotes. More than auto i...<a href="http://www.bayareainsurancequotes.com" rel="nofollow"><br />Free online car insurance quotes. More than auto insurance, get quotes for motorcycle insurance, ATV, RV, homeowners, renters, condo, mobile home, flood</a><br />Bayareainsurancequotes.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1400574.post-47948061468156584562008-12-28T17:29:00.000-08:002008-12-28T17:29:00.000-08:00CaliforniaLoanRate.comWe will work with you to dev...<A HREF="http://www.CaliforniaLoanrate.com" REL="nofollow"><BR/>CaliforniaLoanRate.com<BR/>We will work with you to develop a plan that best serve your particular needs. We will then negotiate with your lender to incorporate any changes that are needed to make the plan acceptable both to you and to your lender. Keeping you in your home is advantageous to the lender. Our job is to help them appreciate that advantage. <BR/>SHORT SALES MAY SELL YOU SHORT<BR/><BR/>You may have been told that a short sale is your only course of action. What you may not have been told is that you may be dealing with the consequences of that action for many years.<BR/><BR/>DEADLINE SENSITIVITY<BR/><BR/>We understand that you may be facing immediate deadlines and that any delay can mean a loss of meaningful options for relief.<BR/><BR/>BEYOND BANKRUPTCY<BR/><BR/>Though we are happy to assist you with bankruptcy, should that be necessary, we believe it is an option that is avoidable more often than people realize.<BR/><BR/>TYPICAL RESTUCTURING PLANS<BR/><BR/>Restructuring plans may include:<BR/><BR/>Adding delinquent payments and any foreclosure fees to the back end of the loan. This may include a permanent reduction in your interest rate.<BR/><BR/>Forbearance plans may be used to temporarily halt the foreclosure process for up to four years while you make payments to become current with the lender.<BR/><BR/>GOALS OF NEGOTIATION WITH YOUR LENDER<BR/><BR/>In our negotiations with your lender we are seeking to lower your payments, lower the interest rate, mitigate any negative impact on your credit rating, and keep your home from going into foreclosure. The lender benefits by continuing to receive payments on the mortgage, and saving on the costs that would be incurred in a foreclosure.<BR/><BR/>WHAT WE NEED FROM YOU<BR/><BR/>We will need to document your income and expenses for the last two years. Documentation will include pay stubbs, tax returns, bank statements and property tax bills, and all of the paperwork associated with your mortgage. We will need copies of your bills to document your financial situation and the factors that led to your falling behind. Please provide any other letters or notices that demonstrate that you faced a reduction in your income or higher than expected expenses.<BR/><BR/>TELLING YOUR STORY<BR/><BR/>We will ask you to prepare a draft letter that explains in your own words what factors have led to your need for a modification from the lender. It is important that you author this letter, and that it is not generic. Please include the details that bring to life the financial difficulties that you have faced. If you feel that you were not properly and fully informed regarding the terms of your loan, please describe the process by which you came to sign the loan papers and what your understanding of the terms of your loan was at that time. <BR/>CaliforniaLoanRate.com..</A><BR/><BR/>http://CaliforniaLoanRate.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1400574.post-1127135108956708742005-09-19T06:05:00.000-07:002005-09-19T06:05:00.000-07:00"(but then the Liberals never mentioned plans to c..."<I>(but then the Liberals never mentioned plans to cut corporate and personal income taxes by 25 per cent during the 2001 campaign)</I>"<BR/><BR/>Personal income tax cuts for lower and middle income earners was part of the '01 campaign. The BC Libs were slaughtered in the '96 election for promising tax cuts for the rich.<BR/><BR/>The media gave Campbell & Co. a free ride in '01 when they were playing coy (so coy that PW has forgotten all about it) about the tax cuts for higher income earners... Kinda like the free ride they are giving now to new Speaker Barisoff over his legacy of inaction and court reprimands in his last cabinet post... or the free ride the media are giving the budget vis-a-vis the "structural deficit" used to justify so much pain (<I>ie</I>: where's that huge fiscal reserve?).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1400574.post-1127085142240320392005-09-18T16:12:00.000-07:002005-09-18T16:12:00.000-07:00Where creativity is unleashedDavid Patton/Democrat...Where creativity is unleashed<BR/>David Patton/Democrat-Herald "Poker man" is always up for a friendly game of cards in Susan Gann's garden.<BR/>Hey, you have a great blog here! I'm definitely going to bookmark you!<BR/><BR/>I have a <A HREF="http://www.fvinc.4t.com/air1.html" REL="nofollow">##Discount Airfares##</A> site/blog. It pretty much covers ##Cheap Airline tickets## related stuff.<BR/>You can save up 50% on your next trip!<BR/>Come and check it out if you get time :-)Anonymousnoreply@blogger.com