My child, a Fidgety Philipp, a wrongdoer?

Junior, where are you, what are you doing?

However, the supervision of parents hurt provable, they are liable and regulates the private insurance. The legislature has not regulated, from what age children home alone, may be playing in the garden or on the road. These freedoms must make the parents by the age and mental and spiritual development of the child. For a healthy socialization and have children to play. This is true even if traded impulsive and rash, when running after a ball that rolls into the street and have the parents do not therefore necessarily violated its duty of supervision. Injured but can also mean that you your loss is not replaced.

This is disturbing in the long term, if there are neighbors or friends who have been harmed. Since then a good relationship so far is at stake. Wrong so the parents attitude that the insurance does not pay if you have not taken care properly for his child. Wrong! Only those who have breached its duty of supervision, responsible parents and to take out insurance. Who has not subsequently determined paying attention, should indicate this to the insurer and not just assert the claim, that he / she had seen all the time and the injury happened, when there was not looking for a minute.

Police drill for oil on the open sea

The sinking of the rig Deepwater Horizon "in the Gulf of Mexico and the resulting environmental disaster involved the insurance industry. Holes are at sea so far covered more than the normal insurance companies, the damage covers up to about 1.5 billion U.S. dollars, will in future policies specifically for such projects to be completed or must. That it is not done with a single-digit billions, if that is the real thing, has now been sadly. BP must be solely responsible for the compensation funds 20 billion U.S. dollars to raise, in addition to about eight billion U.S. dollars were already invested in dealing with the oil-Pest.

The world's largest reinsurer, Munich Re is therefore planning to insurance solutions that move in a frame 10:00 to 8:00 p.m. billion U.S. dollars and are met by several insurers. Presented the idea in the industry meeting in Monte Carlo. The oil companies and drilling companies could protect themselves with such a policy for each hole. It hopes the insurance industry on a little pressure from government side, particularly the United States. Munich-Re board member Thorsten Jeworrek said: "We expect the oil companies to commit themselves either to the conclusion of such insurance or even better that the state requires it." Safe and conversation were the new liability rules already.

To potential it would be no lack of insurance for the damage caused by oil drilling leading to insurance claims from the companies. The need for the "black gold" is great. This leads alone in the Gulf of Mexico each year

Auto insurance: Expected Increase in Sales for 2011

The past years have been particularly marked in the field of car insurance of a real price war in the battle for customers. Insurance industry made losses in particular. That should change in 2011, however.

The expected GDV for the year 2011, a rise in sales at the car insurance.
The General Association of German Insurers (GDV) is optimistic about the coming year. After losing the previous fiscal years that tried to undercut the insurance industry, especially in the automotive sector with low rates will continue to get each other to the premium - and thus the revenues - the insurers get back in perspective. This is true across industries, but especially for car insurance.

children accident insurance

B. Significant Aspects
Arguments about reporting deadlines are not uncommon. Disability must have normally occurred within one year and must be within 15 months from the doctor stated in writing and reported to the insurer after the accident. It may take longer for certain whether a collision damage is permanent, or until the doctor is the appropriate diagnosis. Better contracts are characterized by prolonged periods of findings and reports.

C. Details
Last, further details of the offers will be used to distinguish, with the personal life decides to get the importance of these aspects. If you opt for an accident, you should first pay attention to the fine print in the terms, because it often has great impact. Therefore, you should look closely. What should be on paper, we tell you here:

    * Improved member tax for single or multiple damages. Enhanced protection of the hands or eyes may make sense.
    * Capital Suffrage: 65 years in the insured usually only one pension, no principal payment. Good contracts make the customer the choice entirely, or at least up to the 75th Year of life.
    * No limitation of performance in sport or professional activity in a claim.
    * Hedging diving health damage (eg caisson disease, eardrum injury, drowning or suffocation under water).

Investor Protection

...They shun the light

A law should control the risky fund closed at last, and protect investors better. The industry defends itself

Grey can be a dark color, not for nothing that one part of the financial industry will be named after her: the gray capital market. One area that is completely unregulated, not subject to supervision and in which the provider can make on the whole, what they want. The primarily use some closed-end funds from brisk. Change to this, the Investor Protection Act, the federal cabinet would decide, really long time. If it were not this dispute between two ministries there. Finance Minister Wolfgang Schäuble (CDU) wants to oversee the gray market stronger, Minister Rainer Brüderle (FDP blocks from). The case is dramatic, and the damage was in the end - the investor.
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On the gray market reputable financial products circulate alongside highly dangerous. Both galore: About two million Germans have invested € 164 billion in closed funds. But because neither the products regulated their sale will, investors often know only after years, which of them are good and which are bad.

Consequently, savers have already lost billions on the gray market, warn consumer protection. To the same conclusion, a report was commissioned by the Ministry is of consumer September 2008, which states: "The poorly regulated capital market a unique gray that exists in this form in any other EU country. It is characterized by products with high risks and by a variety of abuses. Is still advertised with the seal of retirement savings, high financial losses for large groups benighted investors are foreseeable. "The study classifies half of the 373 fund promoters in the gray market as an unserious.

In this dubious fund, not put half of the investors' money. But they are only the tip of the iceberg, says lawyer Peter Mattil investor who is involved as an expert on legislative procedure. Spectacular cases in which collapsed as a serious force funds, there were plenty. Most recently, the collapse of the Gottingen group 2007/08 around 200,000 small savers brought by a total of one billion euros. In the VIP Media Fund is about 400 million euros. "But these are" only the big names who Mattil says, "there are dozens of funds every year, many of whom have never heard all the flopping." Regardless of whether private equity, airplanes, boats, homes or farms - many fund Individual investors are in difficulties, the good the exception.

Closed-end funds

    In closed-end funds are an investor binds mostly for 10 to 15 years to a provider, often without a chance to get out early without losses - unlike open-end funds. The investor will become co-entrepreneurs, who will participate in the profits, but also the loss of a wind farm, real estate project or container ship. As co-owner of the savers will stick to the debt, which makes a fund manager

Should it not be in the interest of politicians to put the money burning the craft? Especially since the funds are tax-saving models. In the Treasury bill therefore states: "In the gray area will be extended in future regulatory instruments which are already standard in the regulated area. These include the regulatory requirement to advise investor has, disclosed commissions and to conduct a consultation on a log. "Alternatives? "No".

Preparation is the law in the intermediaries who sell the fund because of high commissions, often without regard for consequences. And without mentioning that closed-end funds are much riskier than regular mutual funds. For them the savings that is personally liable. The treacherous is the margin requirement: If a fund is broke, threatening the investor that he must pay for the debts of the initiator. Mattil lawyer currently fighting for a client who invested 30,000 euros in a wind farm and is now nachschießen three million euros. No exception, he says, and one reason why in other European countries, only institutional investors such as pension funds or insurance companies can invest in closed-end funds and not private people.

Vulnerabilities acknowledges indirectly even their own association, the VGF, reaffirmed its chief executive Eric Romba: "We stand as a dressing for a regulation of the market because we see a benefit is to improve the quality." At some point he asks a lot more control and wants "a reasonable investor law." Just not the currently discussed. Significant is the criticism of the vote Brokers Association, the plans "wrong and inappropriate, and even calls" middle class "because they are" aggressively against the professional group of independent service providers, "used.

insurance brokers

An independent insurance broker is a person who is licensed by the department of insurance in the state (or states) where he or she conducts business. Licensure generally involves passing a written examination to show that the person meets minimum standards of knowledge regarding the business of insurance.
Independent insurance brokers are typically parties to contracts with several insurers by which the broker is authorized to write business (i.e., policies) for that insurer. In most states, each insurer files a notice of appointment of each broker with the department of insurance in that particular state. Independent brokers are usually compensated by the insurers they represent through payment of a commission that is a fixed percentage of the premium of each policy sold. This commission percentage may vary with the size of the premium or line of business. For example, insurers often pay higher commissions on commercial lines policies than they do on personal lines policies.

business of insurance

" The business of insurance differs from most other businesses. Because insurers sell an intangible product—a promise to pay in the event of contingent losses—and because these promises potentially affect so many, the business insurance is regulated more heavily than most other businesses.

role of insurance in the economy

From the complete book of insurance

Insurance. What a pain! Your mortgage lender requires that you carry fire and other perils coverage (i.e., homeowners insurance ) and sometimes even flood or earthquake insurance. Your auto lender requires that you carry physical damage coverage. Under the laws of many states, you are required to carry auto liability and/or no-fault liability insurance, often including uninsured motorist and underinsured motorist coverages.
To many, insurance just represents dollars out of pocket with no benefit. This is an unfortunate attitude. Insurance plays a broad role in the worldwide economy, helping to assure that millions of transactions and other activities, economic and noneconomic, can proceed. Without insurance quotes, local, state, national, and international business would quickly grind to a halt. Lenders would cease lending for purchases of land, buildings, homes, vehicles, or equipment. Without premises liability insurance, a simple slip-and-fall claim could put a small business owner out of business.
Manufacturers could not sell products without liability insurance to respond in the event a defective product injures customers or other users of their products. Absent product liability insurance, a seller of a defective product who has no role in the design and manufacture of the product, could face a ruinous lawsuit or judgment.
The average individual has similar concerns. What are the consequences of an uninsured liability lawsuit—whether rising from an auto accident or a premises insurance claims arising from homeownership question? The answer is often bankruptcy, which can follow a person for a lifetime. It can result in being turned down for a job, being denied credit, or receiving credit only at high interest rates.
The concept of insurance is really very simple. In exchange for the insured’s payment of a relatively small sum of money—the premium—the insurer assumes the risk of financial consequences for the loss of the insured’s property (such as a house or car) or the risk of the loss presented by the costs of defending a liability lawsuit (and where appropriate, paying a resulting settlement or judgment). This can provide financial security for the average consumer—that is you—which strengthens our economy as a whole and spurs further growth.

Why your business needs insurance

Entrepreneurs often see business insurance as one of those costs which you could almost get away with not buying.

Aside from legal requirements and demands from customers to have a certain level of liability, you might well think that there is little point to your insurance policy.

However, there are many examples of businesses going to the wall following a disaster for which they weren't covered. Similarly there are many instances when a company has bounced back after it looked like it had passed the point of no return – all because they were insured to the very hilt.

You might consider the risks that your business faces to be small or even affordable, but if this is the case then there is a very good chance that you are underestimating them.

The chances of your business being hit by a flood or destroyed by a fire might seem low, but disruption to your work can come from many quarters.

A criminal act in your street could lead the police to cordon off the area for a period of time. Despite not being able to trade, you will still have to pay your staff, rent and other costs. You could lose a very significant amount of business or incur heavy costs while attempting to maintain it.

However, all of this could be prevented with a business continuity insurance deal.

As mentioned, some of your clients might ask about your insurance details before they are prepared to do business with you. Public liability is important for many clients, particularly in the public sector.

In a business-to-business setting, an insurance policy acts almost like a credential. By having a high level of cover you are demonstrating that you are a respectable business which takes health and safety very seriously, and that you fully understand your own responsibilities.

Therefore it isn’t just dead money, but a way of accessing opportunities which you wouldn’t otherwise be able to gain

home owner insurance

You've suffered a loss to your house: fire, wind damage, massive water damage, tree falling on your roof. You're upset. What is your first move? Call your insurance company, right? Wrong!

The average homeowner is ill-prepared to deal with the insurance company. They think that they will be treated fairly and justly by the company. But, by whose definition of fair?" Getting Your House In Order teaches you what you need to know to get a proper, fair and equitable settlement for your loss so that you can restore your home to pre-loss condition. Written by an industry expert with years of experience helping homeowners and reviewed by professionals, Getting Your House In Order will help you turn a disaster into a more positive circumstance. Everyday, thousand of homes are ripped apart by sudden and accidental disasters. They are at a loss of what to do. They believe that they are in good hands with their insurance companies and believe they will be properly compensated for their loss. Their lack of knowledge causes them to fall prey to the more knowledgeable insurance company and can leave them thousands of dollars short in necessary funds. This home owners insurance book guides them step-by-step back to recovery so their house can be set in order. Without this vital information, a homeowner is defenseless. Doug Wead Author's friendly conversational style puts you at ease so that you can deal confidently with the insurance company. Industry jargon is clarified so that you're not mystified. Its reference style lets you refer to only the sections that pertain to your situation. And its information-packed pages position you on an even-footing with the insurance company's adjuster." Todd Reilly, Realtor

understand health insurance money

With Understanding Health Insurance: A Guide to Billing and Reimbursement, you will learn about managed health care, legal and regulatory issues, coding systems, reimbursement methodologies, coding for medical necessity, and common health insurance plans. Exercises in each chapter give you plenty of practice to learn how to bill and reimburse. The accompanying workbook provides more application-based assignments for each chapter, content review, and additional case studies concerning health insurance.

• Fully updated to latest code sets, guidelines, CMS-1500, and UB-04 claim forms
• "One-stop-shopping" approach sets discussions of diagnosis and procedure coding alongside reimbursement and legal issues
• Patient case studies on CD-ROM and in Appendices I and II provide opportunity for manual or electronic CMS-1500 form completion
• The CD case studies also appear in Appendix I and II of the text for easy reference
• Accompanying Workbook provides application-based exercises for each chapter, plus additional case studies that require CMS-1500 claim form completion AND MUCH MORE

new insurance quotes

Disgruntles with your present insurance provider? Get new insurance quotes ! Be it life insurance, car insurance, health insurance or home insurance, a new provider will certainly be able to help. Just do you needs analysis be done correctly first.

debt insurance companies

We are interested into debt insurance companies. If you represent such a company, please make contact with us for further information here.
1) How do you build a tax-free retirement nest egg in the most efficient and most economic manner possible?
2) How do you build a tax-free retirement nest egg in the most efficient and least risky manner possible?
3) What is the difference between a sales book and an educational book?
4) Does it make sense to pay off your home mortgage early, and, if not, why not?
5) What is Equity Harvesting and why is it such a hot topic in the insurance, financial, and mortgage marketplaces?
6) How can you pay off your current home mortgage years earlier without changing your lifestyle?
7) Is cash value life insurance a good financial tool to build wealth for retirement?
8) Does it make financial sense to over-fund a qualified retirement plan or IRA?
9) How can you use Home Equity Management to remove money from your IRA tax free in retirement?
10) What is a Reverse Mortgage, and is it something you or your parents should consider after reaching 62 years of age?
11) What are the laws that govern your ability to use Home Equity Management to your benefit as a tax-favorable/wealth-building tool?

The Life Insurance Toolbook

...can assist you Questions and Answers on Life Insurance  ...
During your life, you’re likely to make important choices that will affect you for years to come: determining the best suburb, buying the perfect house, and starting a new family. Purchasing life insurance falls into the same category. But selecting the right policy isn’t easy, especially when you’re faced with a constant barrage of commercials and brochures from competing life insurance companies.

With twenty years of experience in the life insurance business, Anthony Steuer delivers a practical, one-of-a-kind resource to guide you through the basics—and the finer points—of life insurance and to help you choose the policy that is just right for you and your family. Using a simple question-and-answer format, Steuer covers everything you need to know about life insurance, including how to:

• Differentiate between types of policies
• Find and evaluate a policy and company
• Hire a trusted agent
• Understand the practice of underwriting
• Monitor your policy

The Debt-Free Millionaire:

The wish to get out of debt can sometimes be smothered by the shear volume of information, and misinformation, available. To overcome such hinderances, what you need is one place to find the right answers, straight away. That's why author Anthony Manganiello—founder and owner of DebtFREE.com and President and CEO of Centricity, Inc.—has written  The Debt-Free Millionaire: Winning Strategies to Creating Great Credit and Retiring Rich Since 1995, Manganiello has assisted hundreds of thousands of people get out of debt, and now, he'll show you how to do the same. Throughout these pages, he skillfully outlines a plan that will allow you to destroy debt, develop better credit, and retire comfortably. You'll learn everything from how to perform a Cash-FLOW AnalysisTM—a straightforward approach to assessing your financial standing—to putting your plan into action. Along the way, Manganiello reveals how debt and credit should fit into your financial life and addresses how to employ specific strategies that will lead you to accumulate wealth instead of what you're most likely doing now, consuming it.
After reading this book, when you think of what a millionaire is, you'll realize that the only difference between you and becoming a millionaire is a matter of time and distance. The strategies outlined here will help you close that gap as quickly as possibly.

No matter what your current financial situation, the five simple steps comprising this plan will put you in a better position to prosper in the years ahead. You'll also find that as you progress through the Debt-Free Millionaire Plan, you'll be fairly well insulated from the economic ups and downs experienced by others who are stumbling through life without a plan.


"Read this book. Do what it says. Start living the dream. If you're ready totake charge of your financial future, this is the place to start."


—Keith J. Cunningham Keys to the Vault & Business School for Entrepreneurs

student loans a toxic debt?

...To be sure, Dr. Bisutti's case is extreme, and lenders say student-loan terms are clear and that they try to work with borrowers who get in trouble.
But as tuitions rise, many people are borrowing heavily to pay their bills. Some no doubt view it as "good debt," because an education can lead to a higher salary. But in practice, student loans are one of the most toxic debts, requiring extreme consumer caution and, as Dr. Bisutti learned, responsibility.
Unlike other kinds of debt, student loans can be particularly hard to wriggle out of. Homeowners who can't make their mortgage payments can hand over the keys to their house to their lender. Credit-card and even gambling debts can be discharged in bankruptcy. But ditching a student loan is virtually impossible, especially once a collection agency gets involved. Although lenders may trim payments, getting fees or principals waived seldom happens.
Yet many former students are trying. There is an estimated $730 billion in outstanding federal and private student-loan debt, says Mark Kantrowitz of FinAid.org, a Web site that tracks financial-aid issues -- and only 40% of that debt is actively being repaid. The rest is in default, or in deferment, which means that payments and interest are halted, or in "forbearance," which means payments are halted while interest accrues.....

Excerpt from a Wall Street Journal articel.

Financial First Aid for insurance money

We are looking for a review of Financial First Aid - Smart Remedies for Hundreds of Curable Money Ailments From Dealing with Debt to Protecting Your Assets (Proven Prescriptions for Treating the Most Common Headaches) by Mary J. Sprouse

If you have written a nice book review on this, we would like to publish this here.

fundamentals of risk and insurance book review

Why do you need to learn about risk and insurance? Possibly you are thinking of a career in the diverse and rewarding fields of risk management and insurance. If you plan on managing a company, you will need to know how to protect your organization from risk. And as an individual, you want to make informed decisions about protecting yourself and your family with life, medical, home, auto, and many other kinds of insurance. Whether you want to prepare for a career or simply become a more knowledgeable consumer, Vaughan and Vaughans "Tenth Edition" of "Fundamentals of Risk and Insurance" will give you a comprehensive, consumer-oriented introduction to the many facets of risk management and insurance. The "Tenth Edition" presents the principles of risk management, summarizes the nature of pure risk on the individual and on society, and illustrates how insurance can be used to deal with the problems posed by such risk. In addition to clear and engaging coverage of insurance principles and theory, youll walk away from this book with practical, how-to advice that will come in handy in both your professional and personal life. NEW features do include the changes to pension regulation introduced by the Pension Protection Act of 2006. Reflects changes to the Medicare program that were introduced by the Medicare Prescription Drug Improvement and Modernization Act of 2003, including Medicare Part D. New discussions of enterprise risk management, insurance-linked securities, developments in auto insurance pricing and underwriting, and recent innovations in life and annuity products.

money as debt

I very much enjoyed the watching the first Money as Debt Movie and Part II is even better. I have shared your videos with family and friends all highly educated professionals and everyone has said that they learned a lot. I think Part II is even better, just wanted to say thank you and you are making a big contribution to the world.
I went through 4 years of school at the University of Waterloo in Math and CS and never learned a thing about the economy. My friends who went to various other schools also did not learn how the financial system works. I even have a few friends with MBA’s and they can’t explain how the financial system works. It was through personal research that I got my head around how the financial system and your movies really helped me. So thank you very much!
We supposedly go to school to get ready for life in the really world, we are all players in the economy, expect that some know the rules but most don’t. I think proper financial training should be a mandatory part of high school, no one should be able to get a high school diploma without passing a couple of classes on the financial system, better yet there should be a test administered before letting you open a bank account or take a loan.

Adib Saikali