Agricultural risk management or income enhancement?

Article Abstract:

Crop insurance reform is high on the list of the Clinton administration but a closer look at the agriculture sector reveals that crop insurance has been used to insure more than crop yields. Since the introduction of federal multiple-peril crop insurance in 1996, its provisions have been extensively stretched to cover new crops every year so much so that the original aim of the insurance has been lost. What is more ironic is that the insurance does not benefit the farmers for which crop insurance was intended but landowners who are frequently not family farmers.

Analysis, Management, Crop insurance, Crop losses, Farm risks

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Understanding and managing VUL

Article Abstract:

Variable universal life insurance was first created in 1985, combining features of both universal and variable life insurance to provide premium and death benefit flexibility and greater policyowner control. These policies provide many benefits, such as income-tax free death benefits, a tax basis including expenses and premiums for the life insurance and a investment returns comparable to a taxable investment portfolio. However, significant initial investment and a diversified investment portfolio are advisable to reduce the risk of the policy self-destructing.

United States, Variable universal life insurance

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Runs on banks and the lessons of the Great Depression

Article Abstract:

There are two views on bank runs. First, they are usually perceived as economic nightmares which highlight the need for government intervention. Or, the more unusual perspective is that they are designed as a means of disciplining bank officers. This is because the temptation for misallocating funds is greater for bank officers compared to other corporate officials. The intervention of the government in the banking industry during the Great Depression cannot be applied to banks in the 1990s because the economic situation then was different.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Economic aspects, Banks (Finance), History, Cover Story, Bank runs, Deposit insurance

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