Financial protection

As with most insurance policies, there are exclusions—actions and activities that are not covered by liability insurance. Examples are the failure of the insured to complete services on time, intentional fraudulent and other acts of the insured, and the insured providing services outside the organization s area of expertise. As is also the case with some other forms of insurance, professional liability insurance typically has deductible provisions—an initial amount of loss that is not covered by the insurance (Bockrath and Plotnick 2011). 

The Reagan years witnessed the arrival on the lending scene of mortgage companies that were not subject to the regulatory restrictions that applied to federally insured banks and S Ls because they did not take deposits. To fund the loans, they relied exclusively on monies provided by the big Wall Street banks. They specialized in subprime loans, so labeled because the borrower 

By the mid-1990s, the conditions were ripe for abuse as the modest disclosure requirements of the TILSAct proved unequal to the task of protecting consumers from highly motivated predatory lenders. Subprime loans set thousands of unsophisticated borrowers on a course of borrowing and refinancing that ultimately ended in foreclosure, humiliation, and bankruptcy. Congress partially addressed the problem with the Home Ownership and Equity Protection Act of 

Like President Clinton, President George W. Bush pressed the banking agencies to encourage banks to make more loans to low-income borrowers as part of his promise to turn the nation into an ownership society. This policy combined with the Fed s efforts to stimulate the economy in the wake of the September 11 terrorist attacks to produce the unprecedented housing boom of the early 2000s. The volume of subprime loans increased from rq5 billion in 2001 to 625 billion in 2005.  

Pratt left the agency in May 1983 to become the president of the branch of Merrill Lynch that brokered and securitized mortgages. President Reagan filled 

As the 1998 off-year elections elevated laissez faire minimalist Senator Phil Gramm (R-Texas) to the chairmanship of the Senate Banking Gommittee, the economy was booming and credit was easy. With the strong support of Fed Ghairman Alan Greenspan, Treasury Secretary Robert Rubin, and the 

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Once employer-sponsored health insurance began to cover more people in the U.S., it became increasingly popular. As medical expenses increased, insurance became a greater necessity. Expanded insurance coverage increased compensation without additional taxes, and it provided vital financial protection if hospitalization was necessary. The benefits to employers became codified as well. The Revenue Act of 1954 defined employers contributions to health plans as tax-exempt and clarified that these were deductible business expenses. Recognizing that the burgeoning system was leaving out many workers. President Eisenhower proposed, but failed to achieve, market reforms in 1956. 

A program of providing financial protection to workers and their families against death, illness, accidents, and other risks, in which the costs may be borne in whole or in part by the employer. One or more of the following major benefits may be provided for workers and, frequently, their dependents life insurance, accidental death and dismemberment benefits, accident, and sickness. 

Insurance that provides for financial protection against liability for damages to the property of another, inclnding loss of the nse of the property, as distinguished from liability for bodily injury to another. 

Consumer Financial Protection Act of 2010 (CFPA), Section 1057 of the Dodd-Frank Wall Street Refam and Consumer Protection Act of 2010, 12 U.S.C.A. 5567... 

An insurance company may specialize and provide insurance policies only for certain kinds of risks. A business or individual will seek financial protection against property loss, death, injury or financial loss based on certain kinds of risks. An insurance company will evaluate the risks and make estimates of the likelihood and severity of events leading to a loss. It will decide if it wishes to offer insurance and determine the premiums for a customer based on the risks. Underwriting is the process an insurance company uses to determine whether to accept a risk, the amount of insurance to offer, and at what price. 

Most often, emerging technology companies take a proactive approach hy employing both mitigation and risk transfer. This combination provides for risk control and for substantial financial protection at an affordable premium, allowing the company to retain funds for activities focused on its business objectives. 

Releases of source, b3rproduct, or special nuclear material from a nuclear incident covered by financial protection under the Nuclear Regulatory Commission and... 

Norris, "Insurance of Reactor Operations" in Background Material, pp. 613-614 Financial Protection against Atomic Hazards (New York Atomic Industrial Forum, 1957), pp. 33-34. 

Preliminary Report on Financial Protection against Atomic Hazards," Mar. 1956, General Correspondence (Insurance—Seminar, 1956), JCAE Papers (hereafter cited as "Preliminary Report"). 

The cases of Chile, New Zealand, or Turkey illustrate how countries can effectively transfer catastrophe risk to the global markets via their domestic insurance systems. A country may seek financial protection from the global markets in a more direct fashion in what is referred to as sovereign risk transfer. The development of insurance solutions in the sovereign space has... 

Financial Protection. The Truth in Lending Act of 1968 required creditors to disclose information for consumers to use in comparing loan offers and information related to the full cost of the credit. It also authorized consumers to bring lawsuits against lenders for statutory damages and attorneys fees. 

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