Insurance is a subject that not everyone wants to talk about because it’s something that only gets brought up when they have an incident that happens to them or they might just not know enough about it. The insurance business is a huge business, which many people don’t realize that the top richest companies are all insurance companies. It is an interesting industry that not enough people know a whole lot about and through watching the film “Cedar Rapids”, you get some accurate depictions on the inside of the industry through an insurance agent’s and even though it’s not shown, an insurance broker’s point of view. Throughout this film there were some interesting points that many people might not be able to tell, but some are accurate in …show more content…
While at the convention everyone attended seminars that are supposed to be for a learning experience, which happens at conventions in the insurance world. The major difference is though is the main purpose of the convention was to get the two diamond award for basically being the best insurance company at the convention and Tim Lippe realizes that if he does not get this award that he is going to be fired and finds out from some bad advice from Dean Ziegler to basically bribe the president of the convention. After failing at the start of the one on one conversation with the president, Tim tried to bring up the part about the bribe and found out that the only reason BrownStar insurance has won the past few years was because of bribes, so he bribes the president $1,500 to win. Now this is the big difference in the film and real world since this doesn’t really even happen. Especially with clients the clients know that the agent/broker needs their business to get commission so the agent/broker just tries to get them the best deal and lower their premiums as much as they can. The only thing close to this is when an insurance company gives a free trip/ vacation to an insurance broker for putting a lot of business with their company
Illinois. Mercherle didn’t think it was fair that families and other farmers that lived in rural communities paid the same auto insurance rates as those that lived in Chicago. He wanted to establish an “honest insurance company that provided rates related to the risk” (State Farm, About Us). In 1922, after the company opened their doors, a new claim was made which established State Farm’s promise “to be there when the unexpected happens” (State Farm, About Us).
Allstate insurance is the second largest property and casualty insurance company by premiums in the United States. Allstate insurance handles about 12% of the U.S home and auto insurance market. (Allstate, 2014). Many of Allstate’s customers fall under what one could refer to as a traditional selection of insurance for automobiles. Recently, Allstate has noticed a major shortcoming in lifestyle insurance, which includes coverage for motorcycles, boats, and other recreational vehicles, in comparison to its competitors. The motorcycle insurance sector is a 10.4 billion dollar industry and growing (PRWEB, 2012). The U.S. Department of Transportation website reports some astounding figures, including that 5,370,035 motorcycles were registered three years before the article, 7,138,476 motorcycles registered at the time of the article, and grew to 9,477,243 registered motorcycles at the end of 2012 (NHTSA, 2013). It is obvious as to why Allstate would identify motorcycle insurance as a worthy lifestyle product to devote marketing research dollars into in order to develop new strategies for cornering a share of the market.
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Adapted from the novella written by James M. Cain, Double Indemnity is a melodramatic film noir that highlights the conflict its characters face through adultery and murder which develops from the dissatisfaction and alienation that arose in the era of modernity as shown in most noir films. Unlike most noir films, Double Indemnity set the bar in terms of structural themes to follow and elements that eventually came to be considered essential in the noir genre. The film was seen to be a full embodiment of what the genre should be. Double Indemnity is an archetypal noir film, which portrays noir elements through its style, the characters, its writers’ backstory and the history of Los Angeles, the city in which it is set. This essay will examine how Los Angeles is integrated not only into the location but also into the storyline of the characters and their motivations but also the filmmakers’ lives. It does this through characteristic noir motifs like “the urban cultural landscape, the lack of rootedness of the characters, and the self-deceptions that center their world” (p. 437) affect the protagonists in the film. Double Indemnity’s use of Los Angeles as its primary location exposes the innate decadence and decay of the city through film noir stylistic elements. Billy Wilder directed Double Indemnity and the film became the archetypal noir film because it embodied all the characteristics of a typical noir film, which include “claustrophobia, paranoia, despair and nihilism” (Place and Peterson, p. 327) course kit source. Los Angeles, the city used primarily as the location in the film becomes not merely a backdrop but a character in the film through its physical and implied characteristics. The context through the stories of Wild...
One of the most egregious examples of insures finding loopholes is in Melissa Morelli’s story. According to the New York Times, a 13 year old girl named Melissa Morelli was “taken to the hospital, she was suicidal and cutting herself”, her mother says (Abelson). She was transferred to a psychiatric hospital and stayed there for more than a week. Her doctors told her mother that it was not safe for her to return home but the problem was is that her insurance company, Anthem Blue Cross, wouldn’t continue to pay for her to stay in the hospital. Her mother, Cathy Morelli, kept on trying to get them to agree to pay for her daughter’s treatment, but they wouldn’t agree. “It was revolving doors”, Ms. Morelli said (Ibid). She has been constantly going to her insurance company for over 5 months just to hear them reject to pay for the care...
The concepts behind a health plan are to be able to produce a holistic approach, in being able to reduce the incidence of disease within an animal unit by maintaining and controlling any potential diseases. They allow benchmarking to be set, where you can make comparisons between like-for-like farms and between the top 10%, nationally. Management changes and continual monitoring for future production can then be undertaken. Health plans are implemented on farms to be able to maintain and increase productivity within units and more importantly to prevent the entry of disease entering the unit and spreading; this can potentially cause business instability to the farm as populations become unstable. Health plans, such as that at Cedars, also take into account the concept of the Five Freedoms, which have become a legislation in the UK governments ‘Codes and Recommendations for the Welfare of Livestock’ (Farm Animal Welfare Council, 2009). These freedoms include:
In America, the number of uninsured rises every year and no solution to the problem has
Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm (A&E Networks Television). Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications.
Q1) Health insurance, whether provided publically or privately, suffers from the problems of moral hazard and adverse selection? How can health insurers get around these problems?
People will at least once, probably more, have to deal with insurance companies. For many, this typically results in a long, and heated struggle of figuring out what is covered, and what is not. It is also usually accompanied by negotiating something to be covered, and giving justification of why it should. Almost anyone will agree that handling insurance companies is as bad as pulling teeth. This is said to be true even when the medical diagnoses are concrete in the social construct of society. Many insurances will not cover things as dyer as cancer. If this is so commonly believed, imagine how it is for the illness that are not concrete; illnesses such as bipolar disorder, post-traumatic stress disorder (PTSD), and schizophrenia. All phrases that are commonly heard in media, but widely accepted as untrue illnesses, or educated
The movie is fraught with business ethics issues. The most obvious one is the attempt by the Duke Brothers to commit the federal crime of insider trading. They hire Clarence Beeks to steal a copy of the Crop Report in advance of its public release. The brothers plan to read the report and illegally use the knowledge within to make huge profits in the commodities markets. Also, the hiring and firing practices of the brothers’ firm are ethically dubious.
Many consumers are now pushing back against hidden fees in the financial world, particularly in investments. It’s an open secret investment advisors are taking a cut of clients’ earnings. The question now is how big the cut is. The same kind of thinking is affecting the insurance industry.
Suppose, working as an independent contractor, you design a customer database for a client. Imagine an unexpected glitch keeps anyone in your client's company from using the database for two weeks. Do you think you could afford the damages you could have to pay if the client sues you, claiming to have lost $500,000 in sales because your system didn't work? That is just one reason why you need general liability insurance for independent contractors. You may believe it could never happen to you.
A life settlement, also known as a senior settlement, is a valuable financial transaction that allows you to convert your life insurance policy into a cash valued asset. Your life insurance policy can now be used and sold just like any other asset such as real estate or stocks and bonds. This process works by the backing of major financial institutions that buy individual policies and combine them to create a low-risk, high-yield investment platform that allows you to turn a life insurance policy into an asset. In order to determine if you are eligible, and if the transaction makes good financial sense for you and your family, you must own the life insurance policy and you should be able meet a few criteria.
"1- The name of the insured, or of some person who effects the insurance on his