Insurance death

B) Comprehensive General Liahility Insurance (including contractual lia-hility, products, and completed operations) with a hodily injury, death, and property damage combined single limit of (X) per occurrence and... 

The best known measure for safety is risk, which is defined as the possibility of loss (Taylor, 1994). The problem of awareness of risk can be seen as one of failure of communication and of mismanagement (Kharbanda and Stallworthy, 1988). Risk by the Chartered Insurance Institute (1974) is the mathematical probability of a specified undesired event occuring, in specified circumtances or within a specified period. In a process plant the losses may be such as a damage to equipment, a loss of production or an environmental damage as well as an injury or a death. Risk involves two measurable parameters (Taylor, 1994) consequence and probability. Some events are more probable to occur than others, but a unique consequence of the sequence of events cannot be predicted. 

Dr. Joachim Breuer, CEO of the association of commercial and industrial statutory accident insurance, stated in a press release on 17.12.2002 We do not expect deaths to reach their peak until between 2005 and 2015 . Breuer estimates that the overall expenditure of the iability insurance carriers could probably rise to well in excess of 10,000 million. By 2020 up to 20,000 deaths in Germany could be due to asbestos. 

Priest (1988,190-94), however, argues that the explosion in product liability litigation has not measurably deterred accidental or job-related death rates. But he recognizes that simple time-series bivariate analysis is rather crude evidence, because there is no coun-terfactual of how many accidents would have occurred if a noliability, first-party-insurance regime had existed. 

An extreme example illustrates the underlying analytic methods. Suppose Congress decided that people were needlessly killed and injured in the 1940s and 1950s because automobiles lacked seat belts. To remedy this. Congress made all firms connected with automobile manufacture strictly liable for those past deaths and injuries, and judges ruled that insurance companies are liable for claims made under this "new" law. 

Unless, of course, the costs could be paid by insurance. This might be feasible for some effects, but not for really large scale ones the whole insurance industry would be put out of business. Thus Ford were condemned in the 1960s for calculating that the costs in terms of deaths and injuries caused by a faulty model were less than the costs of rectifying the fault (the fuel tanks exploded in crashes at over 23 miles per hour) (Dowie, 1977). 

Designation of Beneficiary. Life insurance proceeds, U.S. savings bonds, and balances in employer retirement plans, Individual Retirement Accounts, or Keogh accounts pass directly to named beneficiaries. The asset is not subject to probate but is included in the estate for tax purposes. Also, bank accounts can have a pay-on-death person named to receive the proceeds of the accounts after your death. 

Advance funeral arrangements You have the freedom to make all your own arrangements. Make sure you communicate them, providing all necessary details. Include a reminder that the funeral director provide multiple copies of the death certificate for processing insurance and Social Security claims. 

Death. Life insurance is an important part of an overall financial plan, but see it for what it is. Don t get led into buying life insurance as an investment. Sales commissions and administrative costs run high. In retirement, minimize coverage since you will have other assets to cover living costs for survivors. Look into converting existing whole life policies to paid-up insurance. If you have a policy that pays dividends, consider having the dividend applied to the premium. One insurance feature that is attractive to retired couples is the second-to-die policy. This policy provides cash to help with estate taxes and thus eliminates the need to sell other assets when the estate passes to children. 

When the final results were tallied, we counted 7 deaths, 13 injuries, and an insured loss exceeding 35 million. About half of this loss was property damage, the remaining half in business interruption. [11]... 

The insurance proved insufficient and another victim was set up, this time Palmer s brother, Walter, who was insured for 82,000. Walter was invited to stay, during which time Palmer tried to persuade him to drink himself to death. This having failed, he poisoned Walter during a drinking bout. The insurance company was by now suspicious, and refused to pay up. The poisoning, it seems, had been observed by someone at the hotel where it took place, a man named Myatt. Palmer attempted to poison him too, but was not successful Myatt suffered but survived. 

Unpasturized milk is used for cheese making and the resultant cheese is aged to insure the death of potentially pathogenic organisms. 

During Palmer s trial, other suspicious deaths were investigated. Palmer had insured his wife s life for 13 000 in spring 1854 and by the autumn of the same year she was dead. Her death certificate stated that she died from English cholera. Her symptoms were recorded to include retching and vomiting, but no convulsions. Annie Palmer s body was exhumed for examination of her stomach contents. There were no traces of strychnine, but a small amount of antimony was found. Antimony can be used as a poison but at the time Annie Palmer died it was also often used to treat symptoms such as the ones she was suffering from. 

Recent publication of world fire statistics reveals that costs of fires currently runs around 1% of GDP in most advanced countries. Deaths and losses in the United States tend to be the most extreme with annual losses of lObn/year [224], The annual review performed by Munich Re of world disaster losses reveals that world-wide forest fire losses alone exceeded 5.5bn and insured losses exceeded 2.5bn during 2003. Such losses exceed the sum of all losses from volcanic eruptions, hailstones, flash floods, Tsunamis, landslides, avalanches, water drainage, frost, and local and winter storms combined (Of course the Baran earthquake, the European heat wave, floods, and severe and tropical storms individually exceeded forest fire losses, Munich Re [437],... 

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