Article Abstract:
The possible adoption of a gender neutral rating by the insurance industry has been zealously opposed from within the industry. Chief among the reasons for such an opposition was the resentment against possible government interference in the ratemaking procedure. Even among consumers, the present gender-based rating is preferred since they believe that all possible risks attendant to the policyholder's status and situation in life including gender should be considered. They believe that the present system best typifies the advantages of holding an insurance policy.
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Article Abstract:
Alternative attorney fee billing systems are discussed. The payment of an hourly fee to attorneys in liability cases by insurance companies is very popular but generally inefficient and should solely be used as a last resort and with certain modifications such as a schedule of decreasing hourly rates. A better billing system is one that uses a fixed fee system either on a case, phase or event basis. An ideal system is one that links the law firm's fee to it performance thus, necessitating the use of a maximum and minimum fee.
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Article Abstract:
Six trends currently shaping the reinsurance marketplace may result in the development of new regulations. The six pertain to the expanded coverage of US regulators, imbalances between US and tax policies, risk financing of natural disaster hazards, risk management, consolidation and globalization. Together, these trends form a new regulatory paradigm that seeks less regulatory authorities and clearly define roles for regulatory agencies.
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