Fire! How to work with your insurance company to recover your major losses

Article Abstract:

A company that suffers a fire needs to take two immediate steps to ensure its survival. The first step would be to contact the company's insurance broker to inform them of the company's situation, while the second step would be to set up temporary facilities and then proceed to the arduous task of reestablishing the company's operations. The task of starting over after a fire is largely the responsibilty of line management, with the management accountant's role being focused principally on reconstituting financial and accounting records. This job is relatively easy particularly if the company has an effective system for backing up computerized records. However, the job of filing and following up on the company's claim to the insurance proceeds it is entitled to is often more difficult and shall require fulltime effort on the part of the management accountant.

Methods, Crisis management, Fire insurance

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The changing use of preferred stock

Article Abstract:

A survey was conducted to examine the usefulness of preferred stock for different corporate activities and the differences in the usefulness of various kinds of preferred stocks, according to the perception of financial executives. Ninety-nine CFOs from three major industries, industrials, financials, and utilities, responded to questionnaires sent to 200 companies that issued preferred stock during the period from 1981 through 1987. The results of the survey showed that different groups of financial executives had conflicting views, but these differences were not necessarily reflective of the assumed relationship between the features and use of preferred stock.

Usage, Securities, Beliefs, opinions and attitudes, Chief financial officers, Preferred stocks

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