Ending the redlining lie
Article Abstract:
Property and real estate insurers need to address charges that the industries are using redlining criteria to determine where they will offer underwriting services. These insurers need to realize that the public perception is that redlining is based on racism and not on financial criteria. If insurers do not stem the negative publicity associated with redlining, then these companies may find that new legislation will increasingly control their businesses and their markets. To change public opinion, insurers need to establish insurance centers to educate the public about insurance issues.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1993
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Customizing coverage
Article Abstract:
Catastrophe insurers can cope with the huge coverage shortfalls that currently exist in this line by purchasing customized reinsurance, a vehicle that allows them to pay for losses over several years without disrupting cash flow. This kind of arrangement has the added benefit that it is not subject to the kind of price volatility that characterizes yearly contracts. Customized coverage policies must conform to transfer-of-risk accounting rules. Otherwise, they will merely be considered deposits.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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Sounding the alarm for fire detection
Article Abstract:
The goals of fire protection are to protect people, property and the uninterrupted flow of business. Smoke detectors are more important than sprinklers because they detect fire, rather than contain it. Early-warning detectors have been improved and microprocessor-controlled detectors are being developed. The insurance industry should encourage and reward the installation of fire protection equipment.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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- Abstracts: Riding out the variable annuities market. Counting costs. Tracking retirement annuities
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