Justifying insurance company political/charitable expenditures

Article Abstract:

An insurance company's contributions to political and charitable causes are viewed with mixed feelings by policyholders. A set of criteria is suggested to evaluate the merit of such contributions. Contributions that are made to benefit the firm as a whole and those that advance the company's equity are to be considered justifiable. On the other hand, expenditures that are made to espouse a political viewpoint not shared by all policyholders and those that only benefit management or support certain groups of policyholders to the detriment of others are to be regarded as unjustified.

Fire, marine, and casualty insurance, Evaluation, Insurance industry, Donations, Charities

---

Insurance: who benefits?

Article Abstract:

Insurance policyholders have a tendency to think that they will never get anything back if they never have a loss after all the premiums have been paid. Contary to this view, the major advantage of insurance is not that it compensates for losses. Its advantage lie in having peace of mind, security and freedom from worry. Other benefits include unburdening resources for more productive investment and promoting commerce.

---

The right to underwrite

Article Abstract:

Underwriting has become an imperiled activity as more limitations are being placed on insurance companies' right to underwrite. In this regard, companies should defend underwriting in areas where it is socially beneficial. They should also be willing to accept the reality that insurance as an activity can still flourish despite restrictions on the 'right to underwrite.'

Similar abstracts:

• Abstracts: Taking insurance to the bank. Euro: a four-letter word for expensive. Adapting to the Web: a new survey says insurers fare poorly online, but better days are coming
• Abstracts: Insurance company rating agencies: a description of their methods and procedures. Whole life dividend histories
• Abstracts: Helping insureds cope. Life insurance is no easy pitch. Substandard, not inferior
• Abstracts: Using incentive compensation to create shareholder value. Pay executives for their real performance
• Abstracts: Compensation and the job satisfaction equation. The new compensation agenda. Competency-linked role evaluation -- management owned and operated

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.