• Global Insurance Industry

  • Global insurance industry is a billion dollar industry which has vast potential and opportunity for millions of people around the world to draw benefit from insurance companies. Insurance is the most important for every individual.... 

  • No Fault Insurance

  • The term no-fault insurance benefits policy holders in receiving in complete claim from the insurance company. This also reduces the premium costs of the policy holder. The practice of no-fault insurance is applied in automobile... 

  • Cyclical Deficits

  • Budget deficit is due to the result of entity spending money than it takes in. A cyclical deficit is the portion of the deficit that is attributable to the budget cycle. Cyclical deficits occur when there is weakening of... 

  • Estate Planning

  • Estate planning is a process of disposing of an estate. There are many issues that deal with estate disposal which includes taxes, expenses, fees, elimination of uncertainties and the procedures of administration. In case... 

  • Insurance Claims

  • Insurance is a vital part of our lives. It helps us in a number of ways and makes us secure and also get that financial stability in the long run. There are various types of insurance plans that are available in the market... 

  • Fiscal Stimulus should Continue in 2010

  • World Bank chief declared that Governments should continue the fiscal stimulus in to 2010. It is necessary to maintain the fiscal stimulus to combat recession. To analyze how the maintaining of fiscal stimulus would be... 

  • Insurance Plan

  • An insurance plan is needed to make your life safe, secure and stress free. By opting for a proper insurance plan, you can also get constant returns and enjoy that financial stability in the long run. Insurance is a vital... 

  • Term Life Insurance

  • As the name itself suggests, term life insurance is so called as it offers coverage to an individual for a specified term or period say, for instance, 1, 5, 10, 15 or 20 years. In case the individual passes away during the... 

  • Mortgage Insurance

  • Mortgage insurance is also known as mortgage guaranty. Mortgage insurance is an insurance policy that compensates investors or lenders for the losses that are due to the results of default of mortgage loan. When the down... 

  • Car Insurance

  • Car insurance, also termed as auto insurance is an insurance which is purchased for different types of vehicles, including cars and trucks. The main objective of car insurance is to provide protection against potential loss... 

  • 2010 Stimulus Plan Effectiveness

  • In a recent survey amongst business executives, only a third actually thought there was a positive trend in the fiscal stimulus plan for 2009 and two thirds thought the 2010 stimulus plan effectiveness would be greater than... 

  • Rubinomics

  • Rubinomics is the economic terminology coined by the financial experts and economic reformists to describe the economic policies followed, implemented and practiced by the Clinton administration during the period of 1990s.... 

  • Life Insurance Explained

  • By using the right type of insurance life plans, you can make your life more secure and enjoy that financial stability. According to experts, opting for a proper life insurance plan is one of the most important parts of the... 

  • Homeowner Insurance

  • Are we all familiar with the term insurance? In Economics, insurance is defined as a form of risk management which is used to protect against the risk of contingent loss. With the passage of time, different insurance companies... 

  • Universal Life Insurance

  • If you are looking to an insurance program which offers you good benefits and at the same time provides great security to you and your family members, Universal Life Insurance is perhaps the right option for you. It is a... 

  • Insurance Quotes

  • Insurance is necessary for us to maintain a descent standard of living and also get some financial stability in the long run. There are lots of insurance benefits that are available in the market that you need to choose from.... 

  • Insurance Brokers

  • Are you familiar with the term insurance broker? In simple terms, an insurance broker is a person who has specialized knowledge in finance and play a very crucial intermediary role between the insurance company and the customer.... 

  • Federal Residential Energy Tax Credit

  • The Federal Residential Energy Tax Credit is a type of personal tax credit that is offered by the federal government in the United States. It is mainly a residential tax credit and usually is meant for a number of energy... 

  • How Home Mortgage Interest Deduction Works

  • A home mortgage interest deduction is a provision of the United States tax code that offers the advantage for homeowners to deduct the interest paid on mortgages on their principal home or a second home, from their taxable... 

  • Claim Adjusters

  • An insurance company provides coverage to loss which might be suffered by the insurer. When the actual loss takes place the insurer files a claim with the company to receive the amount promised. These claims are scrutinized... 

  • Underwriting

  • Underwriting is a process through which an insurer, bank or an investment house, determines whether a customer is eligible for their products or not. The products could be a mortgage, loan, insurance or shares. The term underwriting... 

  • Extended Coverage

  • Having coverage means that one is insured against certain risks, as mentioned in the insurance policy. An extended coverage is the coverage provided for risks which are not originally included in the policy. This is required... 

  • Catastrophe Modelling

  • A catastrophe can be a disaster and misfortune which occurs due to natural phenomena like an earthquake, hurricane, flood, tornado, wildfire, storm or hail. The other types of catastrophes can be man-made like war, terrorism,... 

  • Calculable Loss

  • In Insurance a risk is transferred to another party, by paying a certain amount called a premium. Insurance is a form of risk management, to cover for a probable loss. An insurance policy is a contract between two parties.... 

  • Insurable Risk

  • Insurance is possible only when there is a risk of something happening to the thing insured. Also the risk should meet certain criteria which are given in the guidelines and laws governing insurance. Insurable risk is better... 

  • Insurable Interest

  • The main purpose of Insurance is to cover the risk of loss, and not trying to make a profit. Insurance provides the compensation when the loss occurs due to various reasons. This brings the question as to what one can insure?... 

  • Accidental Loss

  • When a loss occurs suddenly, without warning and totally unexpected, which is beyond ones control to prevent or stop it, is called an Accidental Loss. In the field of Insurance, Accidental Loss has separate clauses attached... 

  • Claim definition

  • A claim is a statement expressing a right over something. Claim can also be a form of asking, or seeking to obtain something, which has rightfully to come to the person making the claim. Claim can also take the form of a... 

  • Insurer’s Business Model

  • The basics of an Insurer’s Business Model is the same as any other business, in the sense that profit is calculated by adding all the different incomes and deducting all expenses and losses. In an insurance business... 

  • Principles of Insurance

  • Insurance is the business of risk coverage and compensating the affected party for their loss. There are certain principles of insurance, that form the basis of this business. The first principle of insurance is the contract... 

  • Indemnification

  • Indemnification is the process of compensating or indemnifying, when a loss occurs. The indemnity amount is paid by the indemnifying party, to the party who has suffered a loss. The person who pays may not be the one who... 

  • Types of Insurance

  • Insurance is one of the best risk management strategies that one can follow. Insurance companies will cover the risk of loss in exchange for a fee, called a premium. When the risk is taken over by an insurance company it... 

  • Interest Rates

  • An interest rate can be defined as the amount a borrower pays a lender for the use of money that is not owned by them. For example, a small business might borrow from a bank to start their business, and the lender receives... 

  • Annuity

  • Annuity is a term found in finance theory and it refers to a string of fixed payments that will terminate after a particular period of time. Some examples would be monthly mortgage payments, monthly insurance payments and... 

  • Amortization

  • Overview Description In simple terms, amortization is the process of accounting for an amount over a given period of time. Tax law refers to amortization as the cost recovery system for intangible properties. Amortization... 

  • Capital Levy

  • Overview Description A capital levy is a form of taxation applied by the government wherein it takes part of the capital of any business or person, as distinguished from a business or personal income. In other words, it is... 

  • Keynesian Economics

  • Keynesian economics can also be referred to as Keynesianism and Keynesian Theory. It is an economic theory known by the name of the British economist John Maynard Keynes who established it to explain the Great Depression.... 

  • MacroEconomics

  • This is a branch of economics which considers the performance of economy as a whole. It is concerned with aggregates like national income, national consumption and investment. It studies the national economy and determines... 

  • Monetary Policy

  • Monetary policy is the actions of the government, a monetary authority, currency board or the central bank of a country to establish the size and rate of development of the money supply which, as a result, affects the interest... 

  • Income Disparity

  • Overview Income disparity can also be referred to as wage gap. It describes the irregularities and unfairness in the processes of wealth and income distribution among social-economic classes within a given society. Income... 

  • Fiscal Policy

  • Overview In simple terms, fiscal policies are government spending and income collection policies that influence the interest rates, tax rates in an effort to control the economy. Fiscal policy acts in contrast with monetary... 

  • Economic Depression

  • Understanding Depression There lacks a clear, stipulated definition of an economic depression, but a projected definition for an economic depression is a continued recessionary period whereby the populations of the economy... 

  • Deflation

  • Deflation Definition According to economy, deflation is a continued decrease in the general price level of goods and services in an economy. In other words, a general dwindling in prices, usually caused by a decrease in... 

  • Deficit Spending

  • Overview Deficit spending can also be termed as ‘budget deficit’ or simply ‘deficit’. It is the amount by which a government’ spending exceeds its collected revenue over a given period of time. It is not limited... 

  • Green Tax

  • Whether or not one sees global warming as a phenomenon caused by immoderate pollution from human activity, it is hard to disagree with the suggestion that environmental pollution is affecting the quality of life and general... 

  • Tax History

  • The system of taxation has been a part of governance for centuries. According to the records found so far, the society in Ancient Egypt was the first society to adopt the system of taxation. It is widely believed that in... 

  • Tax Break

  • The Barack Obama stimulus plan has brought good tidings to the majority of the US population. However, there are still those who have doubts and are using a wait and watch policy. There is the question of who actually foots...