Business Insurance
Article Abstract:
As a precaution against being underinsured, companies should examine their coverages. Property insurance policies should be reviewed for these provisions: co- insurance, actual cash value versus replacement cost, depreciated equipment, fluctuating inventories, business interruption, and leasehold improvements. Fidelity bonding coverage is especially important in a depressed economy. Increased protection against legal liability might be advisable and can be had at favorable rates in a buyer's market.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1984
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Academy Insurance Settles
Article Abstract:
Academy Insurance Group's Academy Life settled a claim with dissatisfied policy holders in Illinois. In the settlement Academy denied any wrong doing. The complaints were lodged after elderly policy holders received renewal notices last year for what many thought was an investment annuity paying fourteen percent interest. Several states charged that the company used deceptive market practices that disguised the policy's actual terms. The company is being investigated by other bodies.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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Minimum Deposit Insurance
Article Abstract:
A review of life insurance compares whole life and term insurance. Term insurance premiums are less than whole life premiums. Term insurance offers limited coverage while whole life provides full coverage. The technique of minimum deposit insurance is detailed. Premiums are paid using the cash value of the whole life policy. Conditions concerning the Revenue Act and interest deductions are included.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1984
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