Detail Two For The Money   Oleh:  Banham, Russ Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 188 no. 5 (1999), page 41-46. Topik: MONEY; money Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Most insurance policies have a single trigger. It’s straightforward : If an accident destroys a manufacturing plant, the policy pays. In the past year, however, forward - thinking risk managers at some companies have begun to experiment with dual - trigger policies, which are less likely to pay off - and are therefore cheaper - than single - trigger policies. In the improbable circumstance that both triggering events transpire, the financial consequences could be devastating to the insured. Dual - trigger policies do, however, offer the opportunity to insure against some potentially disastrous situations that would be virtually impossible to get coverage for by any other means. The following are examples of dual - trigger policies as purchased by : An electric utility: 1. Rainfall exceeds X inches over Y time period. 2. The extra maintenance expenses associated with a storm, such as sending out crews to deal with downed power lines, exceed the minimum level, $Z, that is specified in the policy. Dual - trigger insurance (a subset of “Other”) is brand - new and still only a minuscule part of the $400 - billion commercial insurance market. A railroad : 1. Snowfall exceeds X inches in Y time period (described in the policy). 2. Expenses associated with rerouting trains over a related time period (Y + N, for example) exceed $Z million. A hospital : 1. The value of X, a specific equity portfolio, falls below $Y (designated in the policy). 2. Medical malpractice claims exceed $Z million (the exact amount of the ceiling is set by the policy). A copper company : 1. The price of copper falls below X cents/lb. 2. Workers’ compensation claims exceed $Y million. A toy manufacturer providing promotional items to the film industry: 1. The associated movie brings in less than $X million at the box office, as published in the entertainment community’s bible, Variety. 2. The toy manufacturer suffers an unrelated insurance loss (e. g., workers’ compensation) exceeding $Y million. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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