Sample records for accident insurance

  1. The bismuth burden - a challenge for the accident insurance (Berufsgenossenschaften)

    The Soviet-German Bismuth AG was a state within a state in the former GDR. Uranium mining not only caused great ecological burdens but also gave rise to many problems for the accident insurance. Occupational diseases are of course, very important in the context of malignous growth caused by ionised radiation. The accident insurances (Berufsgenossenschaften) recognised the size of this unique problem and have initiated measures towards its solution. (orig.)

  2. [Cardinal errors in expert opinions for the statutory accident insurance].

    Ludolph, E


    Expert opinions are subject to restrictions and must abide by the rules laid down by the legal system, much more so than therapies. Cardinal errors in expert opinions for the statutory accident insurance (GUV) are sometimes mistakes which can be found in all forms of expert opinions but in some cases where special questions of social law and the statutory accident insurance are concerned. The first group of mistakes are the differences between the requirements of an expert and a therapist with respect to the certainty of expert opinions, the responsibility of the commissioning authority alone for the non-medical components of an expert opinion, the generally valid principle of only giving opinions on areas of proven expertise and the extremely important aspect of personal responsibility. The second group of mistakes involve specific questions for the statutory accident insurance, such as the principles of causality, the rules of evidence, the estimation of the consequences of an accident with respect to reduction in earning capacity (MdE) and the significance of pre-existing damage. PMID:26446721

  3. Estimating the Effect of a Change in Insurance Pricing Regime on Accidents with Endogenous Mobility

    Georges Dionne; Benoit Dostie


    In this paper, we estimate the impact of introducing a bonus-malus system on the probability of having automobile accidents, taking into account contract duration or the client mobility between insurers. We show that the new incentive scheme reduces accident rates of all policyholders when contract duration is taken into account, but does not affect accident rates of movers that shirk the imposed incentive effects of the new insurance pricing scheme.

  4. Current practice of the social insurance against occupational accidents in paying compensation for occupational diseases induced by ionizing radiation

    The companies for social insurance against occupational accidents form part of the statutory accident insurance system, and are responsible for compensation of occupational accidents or diseases. The compensation practice adopted by them is determined by legal provisions, which are explained in this paper as a background to the discussion of individual cases and the relevant decisions. (orig.)

  5. Health Insurance, Treatment and Outcomes: Using Auto Accidents as Health Shocks

    Joseph J. Doyle Jr.


    Previous studies find that the uninsured receive less health care than the insured, yet differences in health outcomes have rarely been studied. In addition, selection bias may partly explain the difference in care received. This paper focuses on an unexpected health shock -- severe automobile accidents where victims have little choice but to visit a hospital. Another innovation is the use of a comparison group that is similar to the uninsured: those who have private health insurance but do n...

  6. Liability and insurance of nuclear accident risk the swiss regulation in perspective

    In this paper we argue that compulsory insurance of nuclear liability should be extended. Most countries have explicit limitations of operators' liability, which also lie at the heart of international conventions. Moreover, there are implicit limitations imposed by operators' inability to pay where unlimited and strict liability applies. These limitations result in static and dynamic inefficiencies because they allow nuclear plant operators to eschew the risk costs of a severe nuclear accident. Extension of compulsory insurance, however, will exacerbate problems of market failure in insurance: National insurance pools have monopolized the business and are expected to exercise market power. Furthermore, their capacity may fall short of required coverage. Bringing in capital market investors can alleviate these problems. Nuclear liability insurance data from Switzerland provides statistical evidence in support of our main points. (authors)

  7. A methodological proposal to evaluate the cost of duration moral hazard in workplace accident insurance

    Martín-Román, Angel; Moral, Alfonso


    The cost of duration moral hazard in workplace accident insurance has been amply explored by North-American scholars in both the USA and Canada. Given the current context of financial constraints in public accounts and particularly in the Social Security system, we feel that the issue merits inquiry in the case of Spain. The present research also posits a methodological proposal using the econometric technique of stochastic frontiers, which allows us to break down the duration of work-related...

  8. Risk indices of an ecological catastrophe because of a severe accident, its insurance, and their measurement units

    The critical analysis of the existing measurement units of the risk of an ecological catastrophe because of severe accidents is performed. The mistake of using the measurement unit 'reactor/year' for estimation of ecological catastrophe's consequences is shown. The complex for risk assessment by costs to ensure the ecological safety is introduced. The index of virtual accident insurance is suggested

  9. Criticality accident in uranium fuel processing plant. Efficacy of insurance and third party inspection system. Capability margins of insurance, in view of bitter experience at JCO

    Among persons relating to safety engineering, most of them point out merit and demerit of safety theory in Japan since a long term before. Under national policy aiming at growth and expansion due to a policy under leading of government after war, running for about 50 years remained some strains containing a number of contradictions and absurdities in various fields. Here was described mainly on how to be done safety accident protection and inspection on a base of happenings incidentally seen at a chance of the criticality accident. Therefore, here were also established some viewpoints such as transferable risk, limit from insurance feature, genealogy of insurance, under-writing, and risk management, to mention effectiveness of the third party inspection with closed relationship with accident insurance. (G.K.)

  10. 论交通事故豪车险%On Traffic Accident Insurance for Luxury Cars



    Owners of ordinary cars and owners of luxury cars have equal legal status,bearing the same responsibilities and obligations,but in traffic accidents involving both ordinary cars and luxury cars,the compensation results are not in line with people’s concept of justice. Therefore,it is of significance to balance the rights and obligations of owners of ordinary cars and luxury cars when traffic accidents occur. The current legal system and insurance system cannot solve the problem of unreasonable compensation after the accident. The author holds that conflicts between ordinary and luxury car owners can be eased by setting insurance for luxury cars which can help achieve substantial justice,protecting equal road rights,and the weaker party in traffic accidents. The luxury vehicle insurance compensation covers only property damage caused by ordinary vehicles. For this purpose,the insurance system is to be reformed to clearly define the maximum amount of compensation and the lowest amount of premium for luxury vehicle insurance.%普通车车主与豪车车主在法律上具有平等的主体地位,承担相同的责任与义务,但是在普通车辆撞上豪车后,赔偿结果却不符合人们的正义观。在交通事故发生时,有效平衡普通车车主和豪车车主的权利义务显得至关重要,但是目前的法律体系及相应的保险制度还无法解决交通事故中存在的普通车辆需要承担巨额赔偿的不合理现象。本文认为,通过设置豪车险,可以缓解目前普通车辆与豪车发生交通事故时存在的矛盾冲突,实现实质正义、路权平等、保护弱势等目的。在交通事故中,豪车险的赔偿范围主要适用于普通车辆造成豪车财产损害的情形。同时,为了与豪车险的设置相配套,应对现行保险制度进行改革,明确保险公司的最高赔偿额以及豪车险的最低强制投保额。


    Ozen, Ercan; Genc, Erhan; KAYA, Zubeyde


    The aim of the study is to estimate the costs of traffic accidents in Turkey and to put forward conjectural magnitude of these costs within insurance and financial system. Another purpose is to predict the non-systemic costs which are difficult to be involved in records and that are caused by accidents. Different kinds of cost elements come out as a result of traffic accidents. In this study, great effort is spent to predict the cost elements such as material damage, medical care and labour l...

  12. Nuclear Liability and Insurance Protection for Nuclear Transport Accidents Involving Non-Contracting EU States: An assessment

    This paper provides an analysis of the possible complications and consequences with respect to nuclear liability and insurance protection applicable in respect of transport activities resulting in damage suffered and/or accidents occurring in EU States that are not party to the Paris Convention. It looks at the different legal aspects (jurisdiction, applicable law, liability amounts, reciprocity) should the revised Vienna and Paris Convention become applicable in comparison with the unrevised Conventions. Within Europe, a large number of States are party to the 1960 Paris Convention and the 1963 Brussels Supplementary Convention, providing liability and insurance protection, in general, up to a limit of 300 million SDRs (or even higher). In principle, such protection is confined to nuclear incidents occurring and nuclear damage suffered in the territory of Contracting Parties, including, as recommended, the high seas, unless the legislation of the Installation State determines otherwise (Article 2). The geographical scope of application of the Paris Convention would thus vary according to the law of the Installation State. However, some EU States never became party to the Paris Convention, and are not bound by its the liability principles (notably, channelling of liability), such as Austria, Luxembourg and Ireland. Transport accidents involving these countries might therefore result in liability claims outside the treaty liability regime against operators, suppliers, carriers or persons involved and for types of damages different from those currently covered by the Paris Convention (e.g., environmental damage). It is uncertain to what extent liability insurance of the installation operators would provide adequate protection and whether related damage claims can be enforceable. In addition, a number of newly entered EU States are party to the Vienna Convention, which, although bound by liability principles basically similar to those of the Paris Convention, will

  13. [Assessment of REC (Reduction in Earning Capacity) after Thermal Trauma as Part of the Appraisal Process for Statutory Accident Insurance in Germany (Part 2): The New REC Form Developed by Ottomann and Hartmann in 2010].

    Ottomann, C; Rapp, M; Bruck, J C; Hartmann, B


    The calculation of REC forms the basis of expert opinions for the purposes of making accident insurance assessments after an occupational accident or an accident suffered en route while travelling to or from the workplace. The estimation of REC is based on a procedure quoted in the 1995 "Jahrbuch der Versicherungsmedizin" (Yearbook of Insurance Medicine) using a form developed by Henkel von Donnersmarck and Hoerbrand. The overall estimation of damages resulting from the accident comprises 3 main components, namely the functional impairment, the assessment of local findings and the resulting somatic and vegetative complaints. The criteria for all 3 components are nevertheless imprecise and open to a great deal of interpretation on the part of the evaluator, leading to a highly variable and subjective overall assessment of REC. The new REC form includes a modified factor-based categorisation of the scar quality and the localisation, so that assessment can now be carried out in a differentiated manner. Visible, stigmatising areas such as the neck are provided with their own Q values. The pigmental and textural alterations describing the scar quality are now more precisely defined. Considering the complexity of the somatic and vegetative alterations, more precise (objective) assessments can now be derived. The new REC form increases the validity and transparency of post-thermal trauma REC assessments for the purposes of making statutory accident insurance assessments. PMID:26470030

  14. Health insurance basic actuarial models

    Pitacco, Ermanno


    Health Insurance aims at filling a gap in actuarial literature, attempting to solve the frequent misunderstanding in regards to both the purpose and the contents of health insurance products (and ‘protection products’, more generally) on the one hand, and the relevant actuarial structures on the other. In order to cover the basic principles regarding health insurance techniques, the first few chapters in this book are mainly devoted to the need for health insurance and a description of insurance products in this area (sickness insurance, accident insurance, critical illness covers, income protection, long-term care insurance, health-related benefits as riders to life insurance policies). An introduction to general actuarial and risk-management issues follows. Basic actuarial models are presented for sickness insurance and income protection (i.e. disability annuities). Several numerical examples help the reader understand the main features of pricing and reserving in the health insurance area. A short int...

  15. Bases epidemiológicas do Fator Acidentário Previdenciário Epidemiological foundations of the Accident Insurance Factor

    Vilma Sousa Santana


    Counsel of the Ministry of Social Insurance approved the Resolution N. 1.236 of 28/4/2004 that defines a new methodology to assess the value of taxes to be paid by firms, for occupational health related insurance costs. This methodology utilizes the Accident Insurance Factor, (Fator Acidentário Previdenciário FAP, based on relative risks estimated for each industry trade. As part of its validation strategy, the Social Insurance Ministry decided to evaluate the epidemiological consistency of FAP. OBJECTIVE: The FAP purposes, data sources, the nature of the overall methodology, its advantages and limitations are all discussed, as well as its applicability and potential future impact on the Social Insurance Ministry budget and on the workers' health and safety. METHODS: A documental analysis was conducted with the Resolution text and its attached essay. RESULTS: The FAP represents an advance because of its transparent scientific criteria that may allows reduction of taxes, when improvement in work conditions and the resulting decrease in diseases or injuries are observed. It also overcomes problems of definition and assessment of occupational causal relationships because overall diseases and injuries will be considered regardless of their causal relation to occupational exposures. Since taxes can be reduced as work and health conditions improve, it may contribute to a more effective participation of employers in prevention. CONCLUSIONS: It is necessary to systematically and continuously monitor the application of FAP, with extensive society participation, reviewing and adjusting it to the distinct economic, social and health scenarios in the country, considering its impact on the Social Insurance budget.

  16. Claims expenses and insurance capacity in third party liability insurance

    The Chernobyl accident reminded insurers that the potential expenses connected with the handling and settlement of claims following a major nuclear accident can be very significant. These are a direct consequence of the accident and funds must be available to pay for these costs as well as for indemnities to victims. Claims expenses at present have to be borne by the insurers in addition to the sums insured for the compensation of third parties. If governments intend to increase the statutory amounts of liability, this would reduce the insurers' ability to make the maximum possible capacity available for indemnities to victims. Therefore, before increasing further the statutory limits of liability, governments should - in revising the Paris Convention - consider allowing insurers to include claims handling expenses in their total sums insured

  17. Insurance frauds

    Lešková, Michaela


    This bachelor's thesis deals with the insurance fraud issue. The theoretical part of this paper work describes the characteristics of the insurance fraud, its classification which is extend of committing insurance fraud in insurance products of life insurance and non-life insurance. I illustrate some groups of insurance products by using the graphs, which will continue to the practical part of the work. In this part I focus mainly on how clients of Insurance Company feel about insurance fraud...

  18. Insurance, risk, and magical thinking.

    Tykocinski, Orit E


    The possession of an insurance policy may not only affect the severity of a potential loss but also its perceived probability. Intuitively, people may feel that if they are insured nothing bad is likely to happen, but if they do not have insurance they are at greater peril. In Experiment 1, respondents who were reminded of their medical insurance felt they were less likely to suffer health problems in the future compared to people who were not reminded of their medical insurance. In Experiment 2a, participants who were unable to purchase travel insurance judged the probability of travel-related calamities higher compared to those who were insured. These results were replicated in Experiment 3a in a simulation of car accident insurance. The findings are explained in terms of intuitive magical thinking, specifically, the negative affective consequences of "tempting fate" and the sense of safety afforded by the notion of "being covered." PMID:18612038

  19. Life insurance

    Topič, Jakub


    The topic of this bachelor's project is life insurance. The theoretical part consists of literary research focussed not only on life insurance. The research begins with general introduction to the insurance issue, the basic division of insurance, its rules of law and as well some historical facts. The rest of the theoretical part is focussed on life insurance, where we can find basic division of life insurance, description of particular insurance types and various supplementary insurances. In...

  20. 22 CFR 62.14 - Insurance.


    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Insurance. 62.14 Section 62.14 Foreign... § 62.14 Insurance. (a) Sponsors shall require each exchange visitor to have insurance in effect which... amount of $10,000; and (4) A deductible not to exceed $500 per accident or illness. (b) An...

  1. Aviation and insurance

    Mayo, R H


    This article considers some of the causes which hinder the development of aircraft insurance. Different risks are discussed as well as the causes of aircraft accidents. Pilot error, poor airdromes, weather conditions, poorly adapted airplanes, and engine failures are all examined and some conclusions are made.

  2. About Insurance.

    Pieslak, Raymond F.

    The student manual for high school level special needs students was prepared to acquaint deaf students with the various types of insurance protection that will be available to them in their future life. Seven units covering the topics of what insurance is, automobile insurance, life insurance, health insurance, social security, homeowner's…

  3. Accidents - Chernobyl accident; Accidents - accident de Tchernobyl



    This file is devoted to the Chernobyl accident. It is divided in four parts. The first part concerns the accident itself and its technical management. The second part is relative to the radiation doses and the different contaminations. The third part reports the sanitary effects, the determinists ones and the stochastic ones. The fourth and last part relates the consequences for the other European countries with the case of France. Through the different parts a point is tackled with the measures taken after the accident by the other countries to manage an accident, the cooperation between the different countries and the groups of research and studies about the reactors safety, and also with the international medical cooperation, specially for the children, everything in relation with the Chernobyl accident. (N.C.)

  4. Insurance agreements covering the PAKS NPP

    The Hungarian Nuclear Insurance Pool was formed in the second half of 1996 with the expressed aim of covering the risks of nuclear installations on the territory of the Hungarian Republic. The Paks Nuclear Power Plant is the first Russian-designed nuclear power plant having nuclear liability insurance cover. Since starting the co-operation with Paks, three different type of insurance cover have been set up by the Pool. These are: nuclear third party liability insurance, liability insurance for nuclear accidents arising during transportation of nuclear fuels and material damage insurance. (N.C.)

  5. Retroactive insurance may fund TMI-2 cleanup

    A Pennsylvania task force recommended that nuclear utilities insure their plants with a mandatory national property insurance program. The proposed Nuclear Powerplant Property Damage Insurance Act of 1981 will cover the cleanup costs of onsite damage in excess of $350 million for a single accident ($50 million when private insurance is added on) and a ceiling of two billion dollars. Participation in the insurance pool would be in conjunction with licensing and would permit no grandfathering. Total payout for Three Mile Island-2 would cover 75% of the cleanup costs, the remainder to be apportioned among other parties. The insurance pool will have a $750 million goal supported by utility premiums

  6. Insurance revolution within British gas

    Rooke, R.W.


    With the transformation of the British gas industry from a manufacturing to a distribution role, British Gas Corp. questioned the whole function of insurance within the industry and arrived at a new approach of extended self-insurance. The basic questions posed were whether British Gas really needed insurance protection, what size of loss it could absorb within its own financial resources, and what catastrophic losses might occur that should be covered by insurance. In the past, each area board determined its own insurance requirements and obtained the best coverage available for its needs. With the formation of British Gas, however, insurance was investigated on an industry-wide basis by an insurance committee in which each region was represented by its insurance officer. This enabled the industry to negotiate from a position of strength in what would be a bulk purchase and permit the most flexible coverage to be obtained at the most economic cost. The committee proposed a system that made the figure of $3.6 million (pounds 2 million) the main criterion for self-insurance; risks not considered as having a real potential for a loss exceeding this figure would be borne uninsured. Where such potential existed, only amounts above this figure would be insured. The actual program that was eventually adopted cancelled the employer's liability insurance, retained third-party insurance for claims over $3.6 million, retained full-coverage fire insurance, reduced engineering coverage to an inspection service only, retained motor and personal accident insurance for further consideration, and cancelled all other forms of insurance. To implement this program of greater self-insurance, British Gas strengthened the claims-handling expertise within the regions and has incorporated greater risk management techniques to reduce or eliminate risks with loss-making potential.

  7. Toward marginal cost pricing of accident risk: the energy, travel, and welfare impacts of pay-at-the-pump auto insurance

    This paper examines, theoretically and through a series of simulations, the effect of a pay-at-the-pump auto insurance system where the minimum amount of insurance required by California law is paid through a fuel surcharge. Vehicle fixed costs are reduced while variable costs increase. The results show that gasoline demand would be reduced by roughly two to five percent in 1998 (with greater percentage drops in later years), while VMT would drop by slightly less as the incentive to drive more fuel efficient vehicles reduces exposure to the tax. At the same time, pay-at-the-pump is shown to improve the welfare of the average California driver as insurance is priced more efficiently. In other words, unlike other transportation pricing measures that have been proposed in the recent past (VMT and fuel taxes, pollution fees, etc.), PATP may offer a means of reducing the external costs of transportation (global warming, congestion, etc.) without raising private costs for the average motorist. Another appealing aspect of PATP may be its apparently progressive nature - the lowest income households may see the highest gains in welfare. (author)


    O. Hamankova


    Full Text Available The article describes the main trends of formation and development of insurance against accidents. Defined position of the social insurance against accidents and professional diseases in the social protection system in Ukraine. Investigated the essence and content of social insurance against accidents.

  9. Nuclear insurance and indemnity

    A brief account is given of insurance protection in the nuclear industry, and the legislation involved. Aspects discussed are: third part liability and the role of government in setting the maximum amount of compensation; the development and concept of channelling the liability exclusively to the operator; the development of nuclear insurance facilities in Europe and the USA; and the emergence in Europe of international agreements on third party liability for protection of neighbouring countries in the event of a major accident. The development of liability law in the USA from the time of the Price Anderson Act of 1957 through subsequent legislation is described. (U.K.)

  10. Types and classes of insurance

    The German insurance pool for nuclear risks, the Deutsche Kernreaktor-Versicherungsgemeinschaft (DKVG), currently counts 105 members. In 1987, insurance protection provided for German nuclear power plants amounted to DM 1.5 thousand millions from property insurance, and DM 200 millions from nuclear liability insurance. The major part of financial security comes from the pool members, but some security also is provided by foreign nuclear insurance pools. In return, the DKVG signed a number of insurance policies as a reinsurance for nuclear installations abroad. The statistical survey presents facts and data for 1986 and 1987, and a brief review of 1986 events. The Chernobyl reactor accident did not affect the DKVG financially, as the Soviet nuclear industry does not co-operate in the international system of reinsurance. (orig./HSCH)

  11. 46 CFR 326.4 - Reports of accidents and occurrences.


    ... MARINE PROTECTION AND INDEMNITY INSURANCE UNDER AGREEMENTS WITH AGENTS § 326.4 Reports of accidents and... obtained P&I insurance through a marine insurance underwriter, the Agent also shall concurrently file a..., Office of Trade Analysis and Insurance, Maritime Administration, 500 Seventh Street, SW., Room...

  12. Measuring the Degree of Market Concentration in Thailand Insurance Industry

    Sivalap Sukpaiboonwat


    Full Text Available This paper investigates market structure of life insurance and non-life insurance industry in Thailand. This paper uses the Concentration Ratio and the Herfindahl-Hirschman Index to measure the degree of market concentration. The paper also analyzes various data from all type of insurance premium, balance sheet and income statement to measure the concentration and competition trend. An analysis of life insurance premium, group market is unconcentrated where as ordinary and industry markets are concentrated. As for the life insurance balance sheet and income statement are concentrated market. An analysis of non-life insurance premium, fire, marine and transportation and automobile markets are unconcentrated. As for the non-life insurance balance sheet and income statement are unconcentrated market. In terms of the same sub-categorized product, personal accident and health insurance have difference concentrate degree. Personal accident in life insurance is near monopoly and highly concentrated market while personal accident in non-life insurance is loose oligopoly and moderate concentrated market. Health insurance in life and non-life insurance are tight oligopoly and concentrated market. The results conclude that the life insurance industry is more concentrated than the non-life insurance industry. In both segments of the insurance market, as well as in the overall insurance sector, there is a downward trend in market concentration, which indicates the success of the competition promoting process which allows a greater and better choice for customers.

  13. Nuclear energy and insurance

    It examines the technical, scientific and legal issues relating to the peaceful use of atomic energy in Turkey. The first fifteen chapters give a general overview of the atom and radioactivity; the chapters which follow this section are more technical and deal with the causes of nuclear accidents in reactors.A number of chapters cover legal issues, for example the conditions and procedures involved in the insurance market and the risks linked to operation of a nuclear power plant.The following subjects are examined in relation to nuclear insurance: risks during construction; fire during operation of the plants and other causes of accidents; risks due to the transport of radioactive materials and waste etc. The final chapters reproduce the principle legislative texts in force in Turkey in the field of nuclear energy, and also certain regulations which establish competent regulatory bodies

  14. Insurance of nuclear power stations

    Electrical utility companies have invested large sums in the establishment of nuclear facilities. For this reason it is normal for these companies to attempt to protect their investments as much as possible. One of the methods of protection is recourse to insurance. For a variety of reasons traditional insurance markets are unable to function normally for a number of reasons including, the insufficient number of risks, an absence of meaningful accident statistics, the enormous sums involved and a lack of familiarity with nuclear risks on the part of insurers, resulting in a reluctance or even refusal to accept such risks. Insurers have, in response to requests for coverage from nuclear power station operators, established an alternative system of coverage - insurance through a system of insurance pools. Insurers in every country unite in a pool, providing a net capacity for every risk which is a capacity covered by their own funds, and consequently without reinsurance. All pools exchange capacity. The inconvenience of this system, for the operators in particular, is that it involves a monopolistic system in which there are consequently few possibilities for the negotiation of premiums and conditions of coverage. The system does not permit the establishment of reserves which could, over time, reduce the need for insurance on the part of nuclear power station operators. Thus the cost of nuclear insurance remains high. Alternatives to the poor system of insurance are explored in this article. (author)

  15. Health Insurance

    Health insurance helps protect you from high medical care costs. It is a contract between you and ... Many people in the United States get a health insurance policy through their employers. In most cases, ...

  16. The Normative Foundations of (Social) Insurance

    Landes, Xavier

    Insurance mechanisms are prevalent in industrialized societies, in both public and private sectors. Insurance is offered for various risks ranging from fire to accident. They also constitute the core of the modern welfare state (public health insurance, unemployment benefits and public pensions......). The analysis of (public) insurance has however remained marginal in political theory because insurance is often perceived as a simple tool for pursuing equality, i.e. a tool without any moral significance proper. This text proposes an alternative view by drawing a continuum between insurance as a...... technology, which is the common interpretation in economics, and insurance as a social practice, which characterizes social theory. The goal is to underline how the technology of insurance alters social practices by, for instance, promoting equal standing or transforming the paradigm of individual...

  17. Sickness insurance

    Mráčková, Věra


    "Sickness insurance" was selected as a theme of this bachelor work. The first part of this work focuses on the general conditions of the health insurance in the Czech Republic, including the current legislation and the identification of the institutions such as Czech Social Security Administration. In addition it focuses on the range of insured persons and of the detailed description of health insurance benefits, sick-benefits, nursing care, maternity benefits and compensatory allowance durin...

  18. Insurance crisis

    The article discusses the effects of financing and technology advances on the availability of insurance for independent power producers operating gas turbines. Combined cycle units which require new materials and processes make it difficult to assess risk. Insurers are denying coverage, or raising prices and deductibles. Many lenders, however, are requiring insurance prior to financing. Some solutions proposed include information sharing by industry participants and insurers and increased risk acceptance by plant owners/operators

  19. 26 CFR 1.803-1 - Life insurance reserves.


    ... covered by the premiums are not included in life insurance reserves. Unpaid loss reserves for noncancellable health and accident policies are included in life insurance reserves if they are computed or... liability is computed, life, health, or accident contingencies. (d) In any case where reserves are...


    Stanescu Catalin-Florinel; Simion Mircea-Laurentiu


    Providing security is designed to reduce uncertainty in the credit granting, offers a service or goods entrusted to a third persoane.Acest type of financial risk insurance is different from celelelte by the person who pays the insurance premium is not entitled direct insurance.

  1. Acidentes de trabalho: custos previdenciários e dias de trabalho perdidos Occupational accidents: social insurance costs and work days lost

    Vilma Sousa Santana


    Full Text Available OBJETIVO: Estimar a contribuição de benefícios concedidos por acidentes de trabalho dentre o total de benefícios relacionados com a saúde da Previdência Social, focalizando os custos conforme o tipo de benefício, e o impacto sobre a produtividade relativa a dias perdidos de trabalho. MÉTODOS: Utilizam-se registros dos despachos de benefícios do Sistema Único de Benefícios do Instituto Nacional de Seguridade Social da Bahia, em 2000. Acidentes de trabalho foram definidos com o diagnóstico clínico para Causas Externas, Lesões e Envenenamentos (SS-00 a T99 da Classificação Internacional de Doenças 10ª Revisão, e o tipo de benefício que distingue problemas de saúde ocupacionais e não ocupacionais. RESULTADOS: Foram estudados 31.096 benefícios concedidos por doenças ou agravos à saúde, dos quais 2.857 (7,3% eram devidos a acidentes de trabalho. Maiores proporções foram estimadas entre os trabalhadores da indústria da transformação e construção/eletricidade/gás, 18% do total dos benefícios. Os custos com os benefícios para acidentes de trabalho foram estimados em R$8,5 milhões, com aproximadamente meio milhão de dias perdidos de trabalho no ano. CONCLUSÕES: Apesar do conhecimento de que esses dados são sub-enumerados, e restritos aos trabalhadores que conseguiram receber benefícios relacionados com a saúde, os achados revelam o grande impacto sobre a produtividade e o orçamento do Instituto Nacional de Previdência Social de agravos reconhecidos como evitáveis, reforçando a necessidade de sua prevenção.OBJECTIVE: To estimate the proportion of occupational accident benefits granted within the total for health-related social security benefits, viewing the costs according to benefit type and the impact on productivity according to work days lost. METHODS: Records of benefit decisions from the National Benefits System of the National Social Security Institute for the State of Bahia in 2000 were utilized

  2. Occupational accidents aboard merchant ships

    Hansen, H.L.; Nielsen, D.; Frydenberg, Morten


    Objectives: To investigate the frequency, circumstances, and causes of occupational accidents aboard merchant ships in international trade, and to identify risk factors for the occurrence of occupational accidents as well as dangerous working situations where possible preventive measures may be...... initiated. Methods: The study is a historical follow up on occupational accidents among crew aboard Danish merchant ships in the period 1993–7. Data were extracted from the Danish Maritime Authority and insurance data. Exact data on time at risk were available. Results: A total of 1993 accidents were...... identified during a total of 31 140 years at sea. Among these, 209 accidents resulted in permanent disability of 5% or more, and 27 were fatal. The mean risk of having an occupational accident was 6.4/100 years at sea and the risk of an accident causing a permanent disability of 5% or more was 0.67/100 years...

  3. Accidents - Chernobyl accident

    This file is devoted to the Chernobyl accident. It is divided in four parts. The first part concerns the accident itself and its technical management. The second part is relative to the radiation doses and the different contaminations. The third part reports the sanitary effects, the determinists ones and the stochastic ones. The fourth and last part relates the consequences for the other European countries with the case of France. Through the different parts a point is tackled with the measures taken after the accident by the other countries to manage an accident, the cooperation between the different countries and the groups of research and studies about the reactors safety, and also with the international medical cooperation, specially for the children, everything in relation with the Chernobyl accident. (N.C.)

  4. Nuclear power and nuclear insurance

    Fanned by the Chernobyl reactor accident the discussion about the safety and insurability of nuclear power plants has also been affecting the insurance companies. The related analyses of the safety concepts of German nuclear power plants have been confirming the companies' risk philosophy of maintaining the insurability of nuclear power plants either meeting German safety standards or equivalent safety standards. Apart from the technical evaluation of the safety of nuclear power plants the fundamental discussion about the pros and cons of nuclear power has also been stressing the damages and liability problem. The particular relevance of possible considerable transfrontier contaminations clearly reveals the urgency of establishing internationally standardized reactor accident liability regulations. (orig./HP)

  5. Nuclear insurance

    The yearbook contains among others the figures of the nuclear insurance line. According to these these the DKVG (German nuclear power plant insurance association) has 102 member insurance companies all registered in the Federal Republic of Germany. By using reinsurance capacities of the other pools at present property insurance amounts to 1.5 billion DM and liability insurance to 200 million DM. In 1991 the damage charges on account of DKV amounted to 3.1 (1990 : 4.3) million DM. From these 0.6 million DM are apportioned to payments and 2.5 million DM to reserves. One large damage would cost a maximum gross sum of 2.2 billion DM property and liability insurance; on account of DKVG 750 million DM. (orig./HSCH)

  6. Captive insurance

    Ambrosová, Simona


    This thesis has as its main goal the objective analysis of the potential for captive insurance risk management in specific situations and market analysis of captive insurance. It uses a description of the history and development of this sector, addressing the advantages and disadvantages, which helps to reflect on the usefulness of this tool. Furthermore, the analysis of that market, location options of captive insurance companies and types of captives are described here as well. A large part...

  7. Some questions of insurance in the field of radioactive waste management

    The general approach scheme when preparing the insurance agreements for radioactive waste transportation is suggested. An algorithm for ecological insurance which includes determination of the insurance activity object, accident probability, possible radionuclide release in a case of an accident, maximum possible damage and insurance payments for all accident categories and types of transported wastes (liquid, solid wastes and ionizing radiation sources), responsibility limit upon insurance agreements depending on the waste type, as well as calculation of the insurance bonus and agreement documentation is described. The IAEA recommendations are used for accident classification. The concrete examples of insurance agreements are considered. It is shown that it is not desirable to make one insurance agreement for three types of radioactive wastes

  8. Nuclear insurance

    The DKVG (German nuclear power plant insurance association) has 104 member insurance companies, all registered in the Federal Republic of Germany. In 1991, the inland portfolio of the DKVG covered 21 contracts in the property insurance sector, and 22 contracts in the nuclear liability sector. There will be no new nuclear power plants to be insured in the Federal Republic of Germany within the foreseeable future. The home business in 1991 remained claim-free, as in the year before. The overall loss ratio went down to 2.9 per cent, after it had been 15.4 per cent in 1989. This very low loss ratio of 2.9 per cent should not deviate from the fact that nuclear insurers always have to reckon with a substantial damage. Such an event at present would cost them a maximum gross sum of DM 1.7 million, which would mean DM 730 million on account of DKVG. (orig./HSCH)

  9. Nuclear insurance

    The annual report presents among other things the figures of the nuclear insurance line. The Association of Nuclear Insurers in the F.R.G., the DKVG, counts more than 100 member companies in the year 1989, who offer reinsurance protection for West German nuclear power stations up to DM 1.5 billions in the property insurance sector, and up to DM 200 millions in the nuclear liability sector. The inland portfolio of the DKVG' covers 22 nuclear power stations. The expenses to satisfy claims in 1988 amounted to DM 9 millions. (HP)

  10. 26 CFR 1.105-5 - Accident and health plans.


    ... 26 Internal Revenue 2 2010-04-01 2010-04-01 false Accident and health plans. 1.105-5 Section 1.105... (CONTINUED) INCOME TAXES (CONTINUED) Items Specifically Excluded from Gross Income § 1.105-5 Accident and... certain amounts received through accident or health insurance. Section 105(e) provides that for...

  11. Pension insurance

    Procházková, Olga


    My diplom thesis focuses on the pension system in the Czech Republic because the additional pension insurance is a part of it. It briefly characterizes the current state of the pension system, especially of 1st pillar, with focus on its problems caused by the worsening demographic development of the population. Based on that, the current pension system in the Czech Republic is becoming unsustainable. I am also mentioning the basis principals of the pension insurance structure in developed Eur...

  12. Loss of Earnings Insurance / Assurance perte de gain

    Department, HR


    General conditions of insurance for supplementary individual income protection cover with daily allowances following a non-occupational illness or non-occupational accident suffered by CERN staff members

  13. The Analysis on the Relationship between Insurance Law and Tort Liability Law ——Taking the Liability in Motor Vehicle Traffic Accident as Study Object%保险法与侵权责任法关系辨析——以机动车交通事故责任为重点考察对象

    郝磊; 马映平


    In our country the Liability Insurance System was introduced into Liability for Motor Vehicle Traffic Accident.There are mutual integration and independence on the norm and function between Insurance Law and Tort Liability Law,so Tort Liability Law is different from the traditional rules of tort law,and Insurance Law cannot completely substitute for Tort Liability Law as well.Current legislation in our country pay attention to organically coordinating the relationship between Insurance Law and Tort Liability Law,but there are some places demanding to improve further: The balance on the interests of all the parties should be completed further in the law system;We should pay attention to the coordination of commercial insurance and tort liabilities system;The problem on law application should be formulated further explicit as well.%我国立法在机动车交通事故责任中引入了责任保险制度,由于保险法和侵权责任法在规范与功能等方面既有其相互融合的一面,又有其相互独立的一面,故侵权责任法不同于传统的侵权规则,保险法也不能完全取代侵权责任法。我国现行立法注重对保险法与侵权责任法的关系予以有机协调,但是也有一些需要进一步改进的地方:对各方利益的平衡应从法律上进一步完善;要注意商业保险与侵权责任机制的协调;对具体适用中的问题亦应进一步明确规范。

  14. Nuclear insurance

    The German Nuclear Power Plant Insurance (DKVG) Association was able to increase its net capacity in property insurance to 637 million marks in 1993 (1992: 589 million). The reinsurance capacity of the other pools included, the total amount covered now amounts to 2 billion marks in property incurance and 200 million marks in liability incurance. As in the year before the pool can reckon with a stable gross premium yield around 175 million marks. The revival of the US dollar has played a decisive role in this development. In 1993 in the domestic market, the DKVG offered policies for 22 types of property risk and 43 types to third-party risk, operating with a gross target premium of 65 million marks and 16 million marks, respectively. The DKVG also participated in 540 foreign insurance contracts. (orig./HSCH)

  15. Insurance Rationing and the Origins of Workers' Compensation

    Price V. Fishback; Shawn Everett Kantor


    A central question concerning the economic motivation for the adoption of workers' compensation is the extent to which workers had access to their desired levels of private accident insurance around the turn of the century. If insurance were rationed then workers' primary option would have been to use savings to protect against accident risk. We develop a theoretical model that suggests that workers' compensation, under this market condition, should have caused a reduction in households' prec...

  16. Health Insurance Basics

    ... Can I Help a Friend Who Cuts? Health Insurance Basics KidsHealth > For Teens > Health Insurance Basics Print ... advanced calculus was confusing. What Exactly Is Health Insurance? Health insurance is a plan that people buy ...

  17. Chinese Space Insurance Opportunities



    Jiang Tai Insurance Broker Co., Ltd and China Pacific Insurance (group) Co., Ltd jointly held a conference on Space and Space Insurance on January 13 and 14, 2005. About 50 representatives from 30 domestic insurance companies attended the event.

  18. 22 CFR 102.10 - Rendering assistance at the scene of the accident.


    ... accident. 102.10 Section 102.10 Foreign Relations DEPARTMENT OF STATE ECONOMIC AND OTHER FUNCTIONS CIVIL AVIATION United States Aircraft Accidents Abroad § 102.10 Rendering assistance at the scene of the accident... the scene of the accident in order to insure that proper protection is afforded United States...

  19. Insurer vs. Insurance Fraud: Characteristics and Detection

    Jerry D. Todd; Sandra T. Welch; Orion J. Welch; Holmes, Sarah A


    Despite concern over insurance fraud by customers, the federal Insurance Fraud Prevention Act primarily targets internal fraud, or insurer fraud, in which criminal acts such as embezzlement could trigger an insurer’s insolvency, rather than fraud perpetrated by policyholders such as filing false or inflated claims—insurance fraud. This study investigates whether insurers’ weapons against insurance fraud are also used effectively to combat insurer fraud.

  20. Characterization of cleaners accidents in the Portuguese service sector

    Cabeças, José Miquel


    This paper characterizes work accidents at Portuguese industrial cleaning companies, operating in the service sector, through the application of ESAW methodology. Data was codified based on the analysis of 748 accident claims to insurance companies (number of days lost 1 working day) in 3 large industrial cleaning companies for the period 2001-2003. Slipping and falling in the same level was the main deviation from the normal working process in the moment of the accident (in 25% of the accid...

  1. Welfare-Improving Asymmetric Information in Dynamic Insurance Markets.

    de Garidel-Thoron, Thomas


    This article presents a two-period asymmetric learning model of insurance markets. When information about past accidents is not shared by insurers, asymmetries of information develop through time. Equilibrium contracts exist, are payoff unique, and display a realistic bonus-malus pattern. Eliminating asymmetries through information sharing is…

  2. Nuclear liability insurance in the United States: an insurer's perspective

    By the mid-1950's the United States recognised that it was in the interest to promote commercial development of nuclear energy. But the uncertainties of the technology and the potential for severe accidents were clear obstacles to commercial development. Exposure to potentially serious uninsured liability inhibited the private sector. These impediments led Congress to enact the Price-Anderson Act in 1957. The Act had several purposes: the first was to encourage private development of nuclear power; the second was to establish a legal framework for handling potential liability claims; and the third was to provide a ready source of funds to compensate injured victims of a nuclear accident. Insurers chose the pooling technique by creating in the US the American Nuclear Insurers. ANI acts as a managing agent for its members insurance companies. The accident of three Miles Island occurred on 28 March 1979 and with came the claims experience in US. The 1988 amendments to the Price-Anderson Act directed the President to establish a Commission for the purpose of developing a means to assure full compensation of victims of a catastrophic nuclear accident that exceeds the limitation on aggregate public liability, or currently just over US$ 9.7 billion. The Presidential Commission issued its report in August 1990, in which it reached a number of conclusions and offered a number of recommendations.The US Congress has not acted on the Commission's report, but may revisit its recommendations as debate begins this year (1999) or next on the renewal of the Price-Anderson Act. (N.C.)

  3. 26 CFR 1.79-1 - Group-term life insurance-general rules.


    ... that does not provide general death benefits, such as travel insurance or accident and health insurance... provides a general death benefit that is excludable from gross income under section 101(a). (2) It is... precludes individual selection. (b) May group-term life insurance be combined with other benefits? No...

  4. Civil liability concerning nuclear accidents

    France and the USA wish to cooperate in order to promote an international regime of civil liability in order to give a fair compensation to victims of nuclear accidents as it is recommended by IAEA. On the other hand the European Commission has launched a consultation to see the necessity or not to harmonize all the civil liability regimes valid throughout Europe. According to the Commission the potential victims of nuclear accidents would not receive equal treatment at the European scale in terms of insurance cover and compensation which might distort competition in the nuclear sector. (A.C.)

  5. Nuclear accidents

    On 27 May 1986 the Norwegian government appointed an inter-ministerial committee of senior officials to prepare a report on experiences in connection with the Chernobyl accident. The present second part of the committee's report describes proposals for measures to prevent and deal with similar accidents in the future. The committee's evaluations and proposals are grouped into four main sections: Safety and risk at nuclear power plants; the Norwegian contingency organization for dealing with nuclear accidents; compensation issues; and international cooperation


    Division HR


    Change of name for AUSTRIA As of October 1, the AUSTRIA Assurances S.A. company will change its name to: UNIQA Assurances S.A. It inherits the same name as its parent Austrian company, which adopted it towards the end of 1999. This change has no effect on the contract which binds it to CERN for the administration of our Health Insurance Scheme. New insurance cards will be sent to you by UNIQA and the printed forms and envelopes will gradually be updated with the new name. Postal and phone addresses remain unaffected by the change. You should address your postal mail to: UNIQA Assurances rue des Eaux Vives 94 case postale 6402 1211 Genève 6 You may telephone your usual contact persons at the same numbers as before and send e-mails to the UNIQA office at CERN at:

  7. Radiation accidents

    Radiation accidents may be viewed as unusual exposure event which provide possible high exposure to a few people and, in the case of nuclear plants events, low exposure to large population. A number of radiation accidents have occurred over the past 50 years, involving radiation machines, radioactive materials and uncontrolled nuclear reactors. These accidents have resulted in number of people have been exposed to a range of internal and external radiation doses and those involving radioactive materials have involved multiple routs of exposure. Some of the more important accidents involving significant radiation doses or releases of radioactive materials, including any known health effects involves in it. An analysis of the common characteristics of accidents is useful resolving overarching issues, as has been done following nuclear power, industrial radiography and medical accidents. Success in avoiding accidents and responding when they do occur requires planning in order to have adequately trained and prepared health physics organization; well defined and developed instrument program; close cooperation among radiation protection experts, local and state authorities. Focus is given to the successful avoidance of accidents and response in the events they do occur. Palomares, spain in late 1960, Goiania, Brazil in 1987, Thule, Greenland in 1968, Rocky flats, Colorado in 1957 and 1969, Three mile island, Pennsylvania in 1979, Chernobyl Ukraine in april 1986, Kyshtym, former Soviet Union in 1957, Windscale, UK in Oct. 1957 Tomsk, Russian Federation in 1993, and many others are the important examples of major radiation accidents. (author)

  8. Export insurance

    These notes are intended as a general guide for the use of members of the Canadian Nuclear Association who are, or may become, involved in supplying goods or services or contracting/ erecting as part of a contract to supply a nuclear facility to an overseas country. They give information to the type of insurances needed and available, the parties normally responsible for providing the coverages, the intent and operation of the various policies, general methods of charging premiums, and main exclusions



    The CERN-AUSTRIA Agreement, which implemented CERN's health insurance scheme, expired on 31 December 1999.In accordance with CERN's rules, a call for tenders for the management of the health insurance scheme was issued and the contract was once again awarded to AUSTRIA. In June 1999, the Finance Committee thus authorised the Management to conclude a new contract with AUSTRIA, which came into force on 1st January 2000.Continuity is thus assured on favourable conditions and the transition from one contract to the other will entail no substantial changes in the system for those insured at CERN except for a few minor and purely formal amendmentsWHAT REMAINS UNCHANGEDThe list of benefits, i.e. the 'cover' provided by the system, is not changed;Neither is the reimbursement procedure.AUSTRIA's office at CERN and its opening hours as well as its city headquarters remain the same. The envelopes containing requests for reimbursement have had to be sent (since the end of 1998) to :Rue des Eaux-Vives 94Case postale 64021...


    Louaas, Alexis; Picard, Pierre


    We analyze the optimal insurance coverage for high severity-low probability accidents, both from theoretical and applied standpoints. Such accidents qualify as catastrophic when their risk premium is a non-negligible proportion of the victims’ wealth, although the probability of occurrence is very small. We show that this may be the case when the individual’s absolute risk aversion is very large in the accident case. We characterize the optimal insurance contract firstly for an individual, an...

  11. Evaluation of risk from a property insurance perspective

    Discussions on risk associated with nuclear power facilities usually focus on the nuclear safety risk and the potential public health and safety consequences of a nuclear accident. In addition to the on-site consequences of a nuclear event, insurance companies providing property damage coverage for nuclear power plants must evaluate risks associated with other lesser magnitude, but potentially very significant, events. The paper discusses some of the traditional methods of assessing insurance risk, reviews some of the methods being considered to better quantify insurance risk in the future, and summarizes a few of the more significant historical property damage insurance claims. (author)

  12. Low Financial Returns Undermine the Life Insurance Business

    Thomas Url


    With a modest increase of premium revenues by 1.1 percent in 2011, growth of Austria's private insurance companies remained below that of nominal GDP (+5 percent). Performance within the sector was uneven: while premium revenues in non-life and accident insurance rose by a hefty 7.2 percent, they fell by a surprisingly strong 7.3 percent in the life insurance branch. Fragile conditions on money and capital markets led to a squeeze in insurers' financial earnings in 2011 and to the rate of ret...

  13. Prescriptions and Insurance Plans

    MENU Return to Web version Prescriptions and Insurance Plans Prescriptions and Insurance Plans Getting a prescription filled is usually easy. But because of the high cost of prescription medicines, most insurance ...

  14. Forestry Standardization & Forestry Insurance


    @@ Forestry insurance of our country has developed slowly,of which the main difficulty lies in predicting and determining forestry risk,confirming the sum insured,raising the premiums, indemnity for property loss,coordinating forestry insurance and forestry protection,and lack of insurance legal system etc.With the implementation of forestry's standardized project,and overcoming effectively the technological obstacle existing in forestry's insurance,the development speed of forestry's insurance will be accelerated too.

  15. Nuclear accidents - Liabilities and guarantees

    The 1992 Symposium on Nuclear Accidents - Liabilities and guarantees, organized by the OECD NUCLEAR Energy Agency in collaboration with the international Atomic Energy Agency, discussed the nuclear third party liability regime established by the Paris and Vienna Conventions, its advantages and shortcomings, and assessed the teachings of the Chernobyl accident in the context of that regime. The topics included the geographical scope of the Conventions, the definition of nuclear damage, in particular environmental damage, insurance cover and capacity, supplementary compensation by means of a collective contribution from the nuclear industry or governments, and finally, the international liability of States in case of a nuclear accident. This proceeding contains 26 papers which have been selected

  16. Decommissioning: an insurance perspective

    The nuclear insurance pools, through American Nuclear Insurers (ANI) and the Mutual Atomic Energy Liability Underwriters (MAELU), have been providing third-party nuclear liability insurance to the nuclear industry since 1957. Third-party liability and property damage coverage resulting from the nuclear hazard are provided by separate insurance policies issued by the nuclear insurance pools. A liability insurer's view of decommissioning is addressed by discussing the following: insurer's perspective of potential nuclear liability; insurance claim experience and trends; objectives and accomplishments of ANI/MAELU's involvement with facility decommissioning; and important nuclear liability considerations for facility decommissioning

  17. Unemployment Insurance Query (UIQ)

    Social Security Administration — The Unemployment Insurance Query (UIQ) provides State Unemployment Insurance agencies real-time online access to SSA data. This includes SSN verification and Title...

  18. Unemployment Insurance Management.

    Pope, Daniel C.


    An insurance management system has the goal of minimizing unemployment insurance costs. Components of a model system should include general administration, claims management, and appeals process. (Author)

  19. Chernobyl - considerations of an insurer

    The author underlines the insurers' reactions after the Chernobyl accident. Firstly, their reactions as providers of security for loss and destruction in power plants and for third party liability: offers of financial cover have not been affected - quite the contrary - since 26 April 1986. He then refers to their consideration of the detrimental consequences: Chernobyl has revealed a new aspect of nuclear incidents - the addition of various types of expenditure quite apart from compensation of personal injury or property may considerably increase their economic impact (NEA)

  20. Nuclear safety and nuclear insurance

    To an extent, public opinion is against Koeberg, inspite of the fact that Escom, Koeberg's prospective licensee, are liable for damages caused in the event of an accident, that they carry public liability insurance bought in the market place to the maximum of ten million rand, and if that is not enough the government will take over responsibility for the rest. A question is put that if this kind of protection carries on, won't there always be a minority of the public who will find nuclear power socially, psychologically and politically unacceptable

  1. Accident Statistics

    Department of Homeland Security — Accident statistics available on the Coast Guard’s website by state, year, and one variable to obtain tables and/or graphs. Data from reports has been loaded for...

  2. Nuclear property insurance: status and outlook

    The report addresses the problem of the unavailability of adequate levels of property insurance for commercial power reactors to pay for decontamination and cleanup costs arising from accidents. The report is designed to answer six questions, as follows: (1) What has been the development of each principal source of nuclear property insurance used as of early 1982 by nuclear utilities in the United States; (2) What are some of the distinguishing features of nuclear property insurance as offered by the principal sources; (3) How much nuclear property insurance was offered by each of these sources as of January 1, 1982; (4) Assuming that present plans came to fruition, how much nuclear property insurance is likely to be offered by each of these sources as of January 1, 1983; (5) What, if any, principal sources of nuclear property insurance are likely to emerge in the private sector by January 1, 1983; (6) What problems serious enough to warrant action of the NRC exist with respect to nuclear property insurance and what action should NRC take in response to each problem

  3. Life Insurance. Universal-Life Insurance

    Smith, Mike; Hayhoe, Celia Ray


    Universal-life insurance was created to address many of the problems associated with whole-life insurance. One problem with whole-life insurance is its lack of flexibility. A second problem with whole life is that it is much like a black box. The owner cannot see exactly how it works. Universal life provides solutions to these problems. To fully understand universal life, refer to "Life Insurance: Whole-Life Insurance", Virginia Cooperative Extension publication 354-145, for some backgroun...

  4. Insurance Premium Optimization: Perspective of Insurance Seeker and Insurance Provider

    Nidhi Arora


    Full Text Available The paper proposes a utilitarian and newfangled design of life insurance premium payment. Insurance companies provide insurance to the policy holders and in turn the policy holders have to pay insurance premium periodically. In this paper, we study the important factors to be considered at the time of selecting the term of premium payment of insurance. The intention is to extend this study to a method which can machinate and assist users in deciding the term and amount of premium payment. Our aim here is twin-fold; one, to evoke a novel way to policy holder to decide the least premiums to be paid and second, to devise a manner for insurance provider to collect maximum premiums. With this twofold aim, we propose a hybrid soft computing optimization model using Neuro-Fuzzy approach and Particle Swarm Optimization.

  5. Women's Health Insurance Coverage

    ... Health Policy Women’s Health Insurance Coverage Women’s Health Insurance Coverage Feb 02, 2016 Facebook Twitter LinkedIn Email ... women’s coverage in future years. Sources of Health Insurance Coverage Employer-Sponsored Insurance: Approximately 57 million women ...

  6. National registration of accidents in Iceland.

    Olafsson, O; Axelsson, J


    Community based registration of accidents has been employed in Iceland from 1987. A form developed in the emergency ward at the city Hospital of Reykjavik has been used for the registration. The following issues have been registered: the type and the seriousness of the injury, treatment, place of accident and time of accident. Health centres in Iceland have been computerized from 1976. At the time being about half of the health centres participate in the registration with the information included in the form as the source. Every health center has its well defined district. The accidents among the inhabitants in each district is registered, while accidents among other people, e.g. tourists, is registered separately. At this moment 183,000 out of a total number of 259,000 inhabitants are covered by the registration, i.e. 71% of the population. In 1989 the frequency of accidents was 198 per 100,000 inhabitants. 26% of the accidents occurred at home, 11% at work, 9% during physical activity, 6% was traffic accidents, whereas the same proportion occurred at school. This registration system has been created as a result of annual conferences on accidents arranged by the Director General of public health since 1984. Representatives for the following parties have been invited; medical doctors working in hospitals and health centres, clinical nurses, physiotherapists, the National Insurance Service, other insurance companies, rescue and ambulance personal, fire departments, the Automobile Association, the communication Council. Local communities members of the parliament, voluntary organizations, e.g. Red Cross, the Sea Rescue Service and the Aviation Board. This activity has stimulated measures aiming at preventing accidents in several local communities.(ABSTRACT TRUNCATED AT 250 WORDS) PMID:1285816

  7. Social Insurance in Romania - Concern for Governors

    Manuela Panaitescu


    Full Text Available Objectives: the comparative research of the public and private insurance systems is important as itprovides financial benefits to the individuals who have lost their income due to their old age, along with theirdecreased labour ability caused by disabilities, disease, motherhood, work related accidents orunemployment, and the resulting benefits are conditioned by the due contributions; Prior Work: this workcontinues previous research conducted for the PhD thesis called “Improving Management in the Public andPrivate Insurance Systems in the Market Economy”; Approach: the main methods that have been used insurveys and observation of the population’s behaviour; Results: in order to reduce the financial restraints thatthe public insurance system has to cope with, the concrete implementation of a social insurance system basedon the needs and value scales of the Romanian state is necessary; Implications: academics and researchersinterested in the Romanian social insurance system management and its long run effects on the population;Value: the insurance systems determins the quality of life for most of the population and strongly influencethe economy, especially the labour market and the capital market. This is why social security is a commonchallenge for all European countries.

  8. Health Insurance for Government Employees in Bangladesh: A Concept Paper

    Hamid, Syed Abdul


    Introducing compulsory health insurance for government employees bears immense importance for stepping towards universal healthcare coverage in Bangladesh. Lack of scientific study on designing such scheme, in the Bangladesh context, motivates this paper. The study aims at designing a comprehensive insurance package simultaneously covering health, life and accident related disability risks of the public employees, where the health component would extend to all dependent family members. ...

  9. Liability, Insurance and the Incentive to Obtain Information about Risk

    Vickie Bajtelsmit; Paul Thistle


    We examine the incentives to obtain information about risk under strict liability and negligence rules when insurance is available. Information helps reduce the expected cost of accidents, but also exposes the potential injurer to classification risk. As a result, the social value of information may be negative. Under both strict liability and negligence, the private value of information may also be negative when insurance is available.

  10. Social Insurance in Romania - Concern for Governors

    Manuela Panaitescu


    Objectives: the comparative research of the public and private insurance systems is important as itprovides financial benefits to the individuals who have lost their income due to their old age, along with theirdecreased labour ability caused by disabilities, disease, motherhood, work related accidents orunemployment, and the resulting benefits are conditioned by the due contributions; Prior Work: this workcontinues previous research conducted for the PhD thesis called “Improving Management i...

  11. Who pays the costs of industrial accidents like Three Mile Island

    The accident at Three Mile Island (TMI) nuclear unit 2 generating plant in Pennsylvania provides a case study on how losses resulting from large industrial accidents are allocated in society. TMI demonstrated that industry regulation, no matter how pervasive, can fail to prevent social harm, and that there are often costs beyond personal injuries and property damage. Although the Price-Anderson Act compensated the public, other insurance was inadequate to cover the losses of shareholders and ratepayers. When the $300 million property insurance proved inadequate, the industry raised property damage insurance to $1 billion and replacement power insurance to $250 million

  12. Chinese nuclear insurance and Chinese nuclear insurance pool

    Chinese Nuclear Insurance Started with Daya Bay Nuclear Power Station, PICC issued the insurance policy. Nuclear insurance cooperation between Chinese and international pool's organizations was set up in 1989. In 1996, the Chinese Nuclear Insurance Pool was prepared. The Chinese Nuclear Insurance Pool was approved by The Chinese Insurance Regulatory Committee in May of 1999. The principal aim is to centralize maximum the insurance capacity for nuclear insurance from local individual insurers and to strengthen the reinsurance relations with international insurance pools so as to provide the high quality insurance service for Chinese nuclear industry. The Member Company of Chinese Nuclear Pool and its roles are introduced in this article

  13. Tchernobyl accident

    First, R.M.B.K type reactors are described. Then, safety problems are dealt with reactor control, behavior during transients, normal loss of power and behavior of the reactor in case of leak. A possible scenario of the accident of Tchernobyl is proposed: events before the explosion, possible initiators, possible scenario and events subsequent to the core meltdown (corium-concrete interaction, interaction with the groundwater table). An estimation of the source term is proposed first from the installation characteristics and the supposed scenario of the accident, and from the measurements in Europe; radiological consequences are also estimated. Radioactivity measurements (Europe, Scandinavia, Western Europe, France) are given in tables (meteorological maps and fallouts in Europe). Finally, a description of the site is given

  14. Understanding health insurance plans

    ... Understanding health insurance plans To use the sharing features on this ... for you and your family. Types of Health Insurance Plans Depending on how you get your health ...

  15. Accident: Reminder


    There is no left turn to Point 1 from the customs, direction CERN. A terrible accident happened last week on the Route de Meyrin just outside Entrance B because traffic regulations were not respected. You are reminded that when travelling from the customs, direction CERN, turning left to Point 1 is forbidden. Access to Point 1 from the customs is only via entering CERN, going down to the roundabout and coming back up to the traffic lights at Entrance B

  16. Risks In Marine Insurance

    Jelena Grdinic


    The author of this paper elaborates risks in marine insurance. Firstly, the author primarily specifies the concept, types and basic characteristics of risks, emphasizing specifics of marine risk in relation to general risks. The author particularly considers determination of risk according to our legal regulations and English Marine Insurance Act, as the most important act in this matter. Special attention is paid to insured risk according to the most recent standard conditions for insurance ...

  17. Multiple Peril Crop Insurance

    Edwards, William M.; Hofstrand, Donald


    Multiple Peril Crop Insurance (MPCI) is a broad-based crop insurance program regulated by the U.S. Department of Agriculture and subsidized by the Federal Crop Insurance Corporation(FCIC). Crops eligible for MPCI coverage in Iowa include corn, sobyeans, oats, wheat, seed corn, popcorn, barley, potatoes, sweet corn, canning beans, dry beans, forages, grain sorghum, green peas, tomatoes, and nursery stocks. Not all of these crops can be insured in all counties.

  18. Credit risk insurance

    Pospíšil, Marek


    Diploma thesis on the topic Credit risk insurance approximates the functioning of the security instrument on the commercial market for credit insurance and export markets. It maps the management process and describes the basic elements and principles of the trade credit insurance in detail. It also includes the evaluation of the commercial insurance in terms of benefits and shortcomings that this instrument represents. The following part describes the activity of the Export Guarantee and Insu...

  19. Insurance Contracts and Securitization

    Doherty, Neil A.; Schlesinger, Harris


    High correlations between risks can increase required insurer capital and/orreduce the availability of insurance. For such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of securitization in replacing or complementing traditional insuranceand reinsurance products depends on the ability of securitization to facilitateand/or be facilitated by insurance contracts. We consider how insuredlosses might be decomposed into separate comp...

  20. Farmers Insures Success

    Freifeld, Lorri


    Farmers Insurance claims the No. 2 spot on the Training Top 125 with a forward-thinking training strategy linked to its primary mission: FarmersFuture 2020. It's not surprising an insurance company would have an insurance policy for the future. But Farmers takes that strategy one step further, setting its sights on 2020 with a far-reaching plan to…

  1. Alternative health insurance schemes

    Keiding, Hans; Hansen, Bodil O.


    In this paper, we present a simple model of health insurance with asymmetric information, where we compare two alternative ways of organizing the insurance market. Either as a competitive insurance market, where some risks remain uninsured, or as a compulsory scheme, where however, the level...

  2. Insurance of Assets as a Risk in Wood Sector

    Pirc Andreja


    Full Text Available The analysis of the existing situation in four companies involved in wood processing has shown that all of these were covered by insurance policies. The study revealed that the observed companies do not see the need for high-quality insurance. A trend was noted, albeit too slow, towards a wider and more comprehensive insurance coverage of assets and assets interests. At the same time there is a high and significant risk of a possible major accident that is not covered by insurance policies. The stability of companies is based on operations security, and better quality of assets and assets interest insurance would result in higher security of operations. Assets insurance is a specific issue and a wider perspective is required in order to properly present the need for insurance. The present paper will show that assets insurance is indispensable. The results of the study indicate that in the forthcoming period the insurance of assets and assets interests will become more essential and more significant.

  3. Fund Mobilization by Insurance Companies and Fixed Capital Formation: Evidence from the Nigerian Economy

    Lezaasi Lenee Torbira; Onyemachi Maxwell Ogbulu


    This paper is an empirical investigation into the relationship between fund mobilization by insurance companies and gross fixed capital formation (GFCF) in Nigeria and specifically how the latter responds to stimuli emanating from the insurance companies. A five variable-predictor multivariate regression model was estimated and analyzed. The short run results reveal that four explanatory variables namely: premium from fire, accidents, motor vehicles and employee liabilities insurance policies...

  4. The tasks of the employer's liability insurance association and their commitment in nuclear installations

    The employers liability insurance association in the field of precision engineering and electrical engineering is the competent association for commitment in nuclear power plant. Their activities include advising and supervisory functions as well as training and other tasks for the purpose of accident prevention in the power plants, as are done in the all in all 800.000 industrial facilities liable to insurance by this association, covering well over 2 millions of insured persons. (orig./HP)

  5. Development of an insurance policy for providers of sevices or equipment of the nuclear industry

    Ulrich, Thomas


    Insurers have always been reluctant to proffer insurance solution to the nuclear sector, especially since the occurrence of very serious accidents such as Chernobyl and Three Miles Island. However, this sector is particularly monitored and most of the incidents happening on nuclear sites could be covered by conventional insurers. That is why, underwriters of AXA Corporate Solutions have considered that exploiting this market with adequate limits, by granting third party liabili...

  6. The Role of Insurance in Managing Extreme Events: Implications for Terrorism Coverage

    Howard Kunreuther


    A key question being raised since September 11 th is the appropriate role of the private and public sectors in reducing losses and offering insurance protection against extreme risks such as natural disasters, technological accidents and terrorist activities. The following scenario illustrates the challenges and opportunities facing the insurance and reinsurance industry in this regard: Scenario: Over the past 10 years the AllRisk (AR) Insurance Company has provided $500 million in coverage t...

  7. Nuclear liability insurance

    Nuclear liability insurance, which exists in some countries, is provided by pools, which are groups of insurance companies that have voluntarily combined to share the insurance risk. Currently, 28 insurance pools operate worldwide. National pools are members of the international pool system. The pools cover both third party liability and material damage. Entities insured by pools include not only nuclear power plants but also fuel fabrication plants, research reactors, nuclear waste treatment plants, spent fuel reprocessing plants, facilities for protecting nuclear wastes before disposal, as well as nuclear fuel and facility carriers and suppliers. (J.B.)

  8. Risks and nuclear insurance

    When analysing the nuclear insurance market, three elements must be taken into account: the nuclear operator's liability is regulated by national laws and/or international Conventions, such operators pay large premiums to insure their nuclear installations against property damage and finally, the nuclear insurance market is made up of pools and is mainly a monopoly. This report describes the different types of insurance coverage, the system governing nuclear third party liability under the Paris Convention and the Brussels Supplementary Convention and several national laws in that field. The last part of the report deals with liability and insurance aspects of international transport of nuclear materials

  9. Transportation accidents

    Predicting the possible consequences of transportation accidents provides a severe challenge to an analyst who must make a judgment of the likely consequences of a release event at an unpredictable time and place. Since it is impractical to try to obtain detailed knowledge of the meteorology and terrain for every potential accident location on a route or to obtain accurate descriptions of population distributions or sensitive property to be protected (data which are more likely to be more readily available when one deals with fixed-site problems), he is constrained to make conservative assumptions in response to a demanding public audience. These conservative assumptions are frequently offset by very small source terms (relative to a fixed site) created when a transport vehicle is involved in an accident. For radioactive materials, which are the principal interest of the authors, only the most elementary models have been used for assessing the consequences of release of these materials in the transportation setting. Risk analysis and environmental impact statements frequently have used the Pasquill-Gifford/gaussian techniques for releases of short duration, which are both simple and easy to apply and require a minimum amount of detailed information. However, after deciding to use such a model, the problem of selecting what specific parameters to use in specific transportation situations still presents itself. Additional complications arise because source terms are not well characterized, release rates can be variable over short and long time periods, and mechanisms by which source aerosols become entrained in air are not always obvious. Some approaches that have been used to address these problems will be reviewed with emphasis on guidelines to avoid the Worst-Case Scenario Syndrome

  10. Public Insurance and Equality

    Landes, Xavier; Néron, Pierre-Yves


    the debates surrounding public insurance as a redistributive tool, advancing the idea that public insurance may be a relational egalitarian tool. It then presents a number of relational arguments in favor of the involvement of the state in the provision of specific forms of insurance, arguments that......Public insurance is commonly assimilated with redistributive tools mobilized by the welfare state in the pursuit of an egalitarian ideal. This view contains some truth, since the result of insurance, at a given moment, is the redistribution of resources from the lucky to unlucky. However, Joseph...... Heath (among other political theorists) considers that the principle of efficiency provides a better normative explanation and justification of public insurance than the egalitarian account. According to this view, the fact that the state is involved in the provision of specific insurance (primarily...


    Gherasim Solovestru Domide; Alexandru Domide


    The paper presents the evolution of risk underwriting for the general insurance and motor insurance by the insurance companies with insurance activity in Romania during 2007 until 2012. In the analyzed period we have noted an increase and then a decrease in the risk underwriting value for all the classes of general insurance. During this period, within the classes of general insurance, the car insurance are holding values above 50% of total subscriptions. This fact has a negative impact over ...

  12. Economic aspects of the NPP safety. Risk insurance

    The approach to evaluation of technical-economical indices of the AS and TES competing projects, accounting for expenditures on the electrical energy and heat production (insurance fees) and damages liquidation from possible accidents, the scale whereof depends on the induces of the AS and TES safety, is proposed

  13. 24 CFR 266.602 - Mortgage insurance premium: Insured advances.


    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgage insurance premium: Insured... HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER... Contract Rights and Obligations Mortgage Insurance Premiums § 266.602 Mortgage insurance premium:...

  14. Nuclear insurance fire risk

    Nuclear facilities operate under the constant risk that radioactive materials could be accidentally released off-site and cause injuries to people or damages to the property of others. Management of this nuclear risk, therefore, is very important to nuclear operators, financial stakeholders and the general public. Operators of these facilities normally retain a portion of this risk and transfer the remainder to others through an insurance mechanism. Since the nuclear loss exposure could be very high, insurers usually assess their risk first-hand by sending insurance engineers to conduct a nuclear insurance inspection. Because a serious fire can greatly increase the probability of an off-site release of radiation, fire safety should be included in the nuclear insurance inspection. This paper reviews essential elements of a facility's fire safety program as a key factor in underwriting nuclear third-party liability insurance. (author)

  15. Insurance flood maps

    Dear Client, in half an hour you will be hit by a flood, please get ready. Your insurance company. Such a phone call or SMS could only mean two things: drunk friends or an insurance company using a flood map. In the second case, the best thing to do on receiving such a message is to act quickly. The advantage of flood maps do not necessarily have to start at the moment a flood becomes an immediate threat. The primary role of flood maps is to allow for a fairer calculation of insurance rates. Insurance companies can save on re-insurance costs as if the risk level is predictable re-insurance companies may offer better rates. The three largest insurance companies: Allianz - Slovenska poistovna, Kooperativa and Ceska poistovna Slovensko have begun introducing flood maps. These three companies control about 75% of the market. And if competition does not force other market participants to adopt the same approach, re-insurance companies certainly will. They will charge more for a less specifically defined risk level. So far insurance companies have not encountered this pressure, re-insurance companies are helping them set up the flood maps and in the coming years flood maps will become a common tool. Then the pressure will be there: if a insurance company uses a different calculation method, the final price may differ greatly from the competition's. If the price is higher, the company will lose clients and if the price is much lower, the risk has probably not been calculated correctly and the insurance company may suffer substantial losses in the event of a major flood. In short, the investment of several million Sk in a flood map is essential

  16. Active social insurance

    Røed, Knut


    The paper argues that a comprehensive activation strategy is called for - in both unemployment and disability insurance - to minimize the conflict between income insurance and work incentives and to prevent the economic crisis from causing a long-lasting decline in labor force participation. A review of recent empirical evidence, particularly from the Scandinavian countries, indicates that 'mild' activation requirements effectively counteract moral hazard problems in social insurance. The pap...

  17. Health and disability insurance

    Börsch-Supan, Axel


    "Disability insurance - the insurance against the loss of the ability to work - is a substantial part of social security expenditures in many countries. The benefit recipiency rates in disability insurance vary strikingly across European countries and the US. This paper investigates the extent of, and the causes for, this variation, using econometric analyses based on new data from SHARE, ELSA and HRS. We show that even after controlling for differences in the demographic structure and health...

  18. Managing Insurance Fraud

    Miller, Gino


    After tax evasion, insurance fraud is considered the highest ranked among white-collar crimes perpetrated today (Coalition Against Insurance Fraud 2001). The complexity of the problem matches its magnitude which arises from a number of sources. Fraud is dynamic: when insurers uncover fraudulent activity and puts up barriers to prevent its reoccurrence, another takes its place. Motivation to commit fraud vary, from opportunistic individuals submitting fraudulent claims as a means of recovering...

  19. The insurance of nuclear installations

    A brief account is given of the development of nuclear insurance. The subject is dealt with under the following headings: the need for nuclear insurance, nuclear insurance pools, international co-operation, nuclear installations which may be insured, international conventions relating to the liability of operators of nuclear installations, classes of nuclear insurance, nuclear reactor hazards and their assessment, future developments. (U.K.)

  20. Theory of health insurance.

    Nyman, J A


    The conventional explanation for purchasing insurance is to transfer risk. Psychologists, however, have shown that this explanation does not match actual behavior. They find that people generally prefer the risk of no loss at all to the certainty of a smaller actuarially equivalent loss, a situation exactly opposite to the one represented by the purchase of insurance. Nevertheless, people do purchase insurance, so there must be an explanation other than risk transfer for purchasing it. Of the explanations so far advanced, however, none have yet developed a wide acceptance. Regardless of risk issues, people will be more likely to purchase insurance when the premium is low compared to the value of the coverage to the consumer. Moral hazard raises the premium, as does adverse selection. The presence of either makes the purchase of insurance less likely. With health insurance, the tax subsidy can reduce the effective premium to less than the actuarially fair cost of insurance. This would increase the likelihood that health insurance is purchased. Finally, because of the value we place on our health, we desire access to a full range of health care. Health insurance is often the only affordable way of gaining access to this care, given the high costs of many of these procedures. PMID:10185500

  1. Taxes and Health Insurance

    Jonathan Gruber


    A common prescription for reducing the number of uninsured is to increase the tax subsidization of health insurance in the U.S. Yet, we already provide over $100 billion per year in tax subsidies to health insurance. This paper provides an assessment of the past and potential impacts of taxation on health insurance coverage and costs. I begin by reviewing the central facts on health insurance and taxation. I then provide a framework for assessing the impacts of tax policies on health insuranc...


    Florina Oana Virlanuta


    Full Text Available An essential aspect in the life and evolution of man since ancient times was the concern for the future, fear combined with care and wisdom certainly accomplished something. The events of our lives fast moving and often they occur unpredictably. We need to make sure that our family is safe and receiving all the financial support it needs. Evolving from simple function of protection in case of death, life insurance became more complex, and at the moment we can choose one of the following forms of insurance. Life insurance is a form of financial protection of human in case of an accident, illness, disability or death. In this regard we propose an analysis of the life insurance market in Romania.

  3. Criticality Accident

    At a meeting of electric utility presidents in October, 1999, the Federation Power Companies (FEPCO) officially decided to establish a Japanese version of WANO, following the JCO criticality accident. The Japanese WANO is expected to be launched by the end of the year: initially, with some 30 private sector companies concerned with nuclear fuel. It is said that the private sector had to make efforts to ensure that safety was the most important value in management policy throughout the industry, and that comprehensive inspections would be implemented. In anything related to nuclear energy, sufficient safety checks are required even for the most seemingly trivial matters. Therefore, the All-Japan Council of Local Governments with Atomic Power Stations has already proposed to the Japanese government that it should enact the special law for nuclear emergency, providing that the unified responsibility for nuclear disaster prevention should be shifted to the national government, since the nuclear disaster was quite special from the viewpoint of its safety regulation and technical aspects. (G.K.)

  4. Occupational accidents with mowing machines in Austrian agriculture.

    Kogler, Robert; Quendler, Elisabeth; Boxberger, Josef


    The number of recognized accidents during agricultural work is still very high in Austria. In the years 2008 to 2009, there occurred 84 approved work accidents with mowing machines. The main causes of accidents were the loss of control of machines, transportations or conveyances, hand tools, objects or animals. In the literature, numerous studies of general agricultural and forestry accident situations are available. Detailed studies on specific types of agricultural machines, which describe concrete circumstances and causes of accidents, are in limited numbers. The accident database from the General Accident Insurance Institution and the Austrian Social Insurance Institution of Farmers, with personal and accidental data information about mowing machine accidents, were analyzed. The results showed that most accidents occurred on mixed agricultural farms (68%). The majority of the injured persons were male (86%), over 40-years-old (86%) with an agricultural or forestry education (91%). The most common accidents occurred in the summer months (69%) and on afternoons during the working week (79%). The majority of accidents were caused by contact with the machine (55%) and the loss of control (73%) during their operation (60%) and harvesting work (63%). The most frequently injuries were wounds, fractures and superficial injuries (81%) to the upper and lower extremities (66%). The results of the chi-square test showed significant correlations between the specific task with the form of contact, the working process, the day and season. Results of the odds ratio determination showed an increased risk of suffering serious injury for men in the first half of the year and half of the day due to loss of control over the machine during agricultural harvesting work. PMID:25780843

  5. Occupational accidents with mowing machines in Austrian agriculture

    Robert Kogler


    Full Text Available The number of recognized accidents during agricultural work is still very high in Austria. In the years 2008 to 2009, there occurred 84 approved work accidents with mowing machines. The main causes of accidents were the loss of control of machines, transportations or conveyances, hand tools, objects or animals. In the literature, numerous studies of general agricultural and forestry accident situations are available. Detailed studies on specific types of agricultural machines, which describe concrete circumstances and causes of accidents, are in limited numbers. The accident database from the General Accident Insurance Institution and the Austrian Social Insurance Institution of Farmers, with personal and accidental data information about mowing machine accidents, were analyzed. The results showed that most accidents occurred on mixed agricultural farms (68%. The majority of the injured persons were male (86%, over 40-years-old (86% with an agricultural or forestry education (91%. The most common accidents occurred in the summer months (69% and on afternoons during the working week (79%. The majority of accidents were caused by contact with the machine (55% and the loss of control (73% during their operation (60% and harvesting work (63%. The most frequently injuries were wounds, fractures and superficial injuries (81% to the upper and lower extremities (66%. The results of the chi-square test showed significant correlations between the specific task with the form of contact, the working process, the day and season. Results of the odds ratio determination showed an increased risk of suffering serious injury for men in the first half of the year and half of the day due to loss of control over the machine during agricultural harvesting work.

  6. Risk Management in Insurance Companies

    Yang, Xufeng


    Insurance is the uncertain business in uncertain society. Today, insures face more complex and difficult risks. Efficient risk management mechanisms are essential for the insurers. The paper is set out initially to explore UK insurance companies risk management and risk disclosure by examining companies annual report after all the listed insurance companies are required to disclose risk information in their annual report, which seeks to reflect the recent development in UK insurance companies...

  7. Profitability of Title Insurance Companies

    Edwin H. Duett; Robert A. Hershbarger


    The research in this paper examines the profitability of title insurance companies in relationship to property/casualty, life/health insurance and non-insurance firms. A series of four profitability measures which have previously been tested in prior literature have been used to determine if title insurance companies are more or less profitable than the other types of insurance companies and non-insurance firms.

  8. Persistence on airline accidents.

    L. A. GIL-ALANA; Barros, C.P. (Carlos P.); J.R. Faria


    This paper analyses airline accidents data from 1927-2006. The fractional integration methodology is adopted. It is shown that airline accidents are persistent and (fractionally) cointegrated with airline traffic. Thus, there exists an equilibrium relation between air accidents and airline traffic, with the effect of the shocks to that relationship disappearing in the long run. Policy implications are derived for countering accidents events.

  9. Persistence in Airline Accidents

    Carlos Pestana Barros; João Ricardo Faria; Luis A. Gil-Alana


    This paper analyses airline accident data from 1927-2006, through fractional integration. It is shown that airline accidents are persistent and (fractionally) cointegrated with airline traffic. There exists a negative relation between air accidents and airline traffic, with the effect of the shocks to that relationship disappearing in the long run. Policy implications are derived for countering accident events.

  10. Insurance industry guide

    This listing is a guide to insurers for independent energy projects. The listing is in directory format and includes the insurance company name, the name of a company contact, the company address, telephone and FAX numbers and a description of the company and the types of coverage available for energy projects. The listing is international in scope

  11. Insurance industry guide

    This is an insurance industry guide for the independent power industry. The directory includes the insurance company's name, address, telephone and FAX numbers and a description of the company's area of expertise, products and services, and limitations. The directory is international in scope. Some of the companies specialize in independent power projects

  12. Understanding health insurance plans

    Most insurance companies offer different types of health plans. And when you are comparing plans, it can sometimes seem ... Depending on how you get your health insurance, you may have a ... (HMOs). These plans offer a network of health care providers ...

  13. Social health insurance

    International Labour Office. Geneva


    This manual provides an overview of social health insurance schemes and looks at the development of health care policies and feasibility issues. It also examines the design of health insurance schemes, health care benefits, financing and costs and considers the operational and strategic information requirements.

  14. Catastrophic Crop Insurance

    Edwards, William M.


    Beginning in 1995 farmers were offered the chance to carry a minimum level of Multiple Peril Crop Insurance (MPCI) coverage at very little cost. This catastrophic or CAT insurance coverage replaces the protection offered to crop producers under federal disaster programs in recent years.

  15. Nuclear energy and insurance

    It was the risk of contamination of ships from the Pacific atmospheric atomic bomb tests in the 1940's that seems first to have set insurers thinking that a limited amount of cover would be a practical possibility if not a commercially-attractive proposition. One Chapter of this book traces the early, hesitant steps towards the evolution of ''nuclear insurance'', as it is usually called; a term of convenience rather than exactitude because it seems to suggest an entirely new branch of insurance with a status of its own like that of Marine, Life or Motor insurance. Insurance in the field of nuclear energy is more correctly regarded as the application of the usual, well-established forms of cover to unusual kinds of industrial plant, materials and liabilities, characterised by the peculiar dangers of radioactivity which have no parallel among the common hazards of industry and commerce. It had, and still has, the feature that individual insurance underwriters are none too keen to look upon nuclear risks as a potential source of good business and profit. Only by joining together in Syndicates or Pools have the members of the national insurance markets been able to make proper provision for nuclear risks; only by close international collaboration among the national Pools have the insurers of the world been able to assemble adequate capacity - though still, even after thirty years, not sufficient to provide complete coverage for a large nuclear installation. (author)

  16. Uninsured vs. insured population

    Andersen, Z. J.; Lin, Chyongchiou J; Chang, Chung-Chou H


    This study identified the underlying demographic and socioeconomic factors associated with insurance status among nonelderly Americans (age 19-64), as well as compared health care utilization between insured and uninsured. Data from the Community Tracking Study 1996-1997 Household Survey were ana...

  17. Health insurance for "frontaliers"


    The French government has decided that, with effect from 1 June 2014, persons resident in France but working in Switzerland (hereinafter referred to as “frontaliers”) will no longer be entitled to opt for private French health insurance provision as their sole and principal health insurance.   The right of choice, which was granted by the Bilateral Agreement on the Free Movement of Persons between Switzerland and the European Union and which came into force on 1 June 2002, exempts “frontaliers” from the obligation to become a member of Switzerland’s compulsory health insurance scheme (LAMal) if they can prove that they have equivalent coverage in France, provided by either the French social security system (CMU) or a private French insurance provider. As the latter option of private health insurance as an alternative to membership of LAMal will be revoked under the new French legislation that will come into force on 1 June 2014, current “...

  18. Nuclear insurance in Canada

    Many years ago, a group of insurance companies founded an organization offering nuclear insurance, called Nuclear Insurance Association of Canada. The passage of Order-in-Council P.C. 1960-555 gave Atomic Energy of Canada Ltd. the power to indemnify suppliers, contractors, etc. against liability claims. The situation has remained essentially unchanged. In 1970 Parliament passed the Nuclear Liability Act, but it has never been proclaimed. The act sets mandatory levels of nuclear insurance as high as $75 million for firms involved in nuclear activity. It is expected that agreement between the insurers and government will be reached later this year (1976), so that the act can be proclaimed. (N.D.H.)

  19. Travel insurance and health.

    Leggat, P A; Carne, J; Kedjarune, U


    Travel insurance normally underwrites travel, medical, and dental expenses incurred by travelers abroad and arranges aeromedical evacuation of travelers under conditions specified by the travel insurance policy. Because of the costs of medical and dental treatment abroad and the high cost associated with aeromedical evacuation, all travelers should be advised of the need for comprehensive travel insurance and be advised to read their policies carefully to see what is covered and to check for any exclusions. In particular, those travelers who have known preexisting conditions, who are working overseas, or who are going to undertake any form of hazardous recreational pursuit may need to obtain a special travel insurance policy, which may attract a higher premium. Conservatively, it is estimated that between 30-50% of travelers become ill or injured whilst traveling. Relative estimated monthly incidence rates of various health problems have been compiled elsewhere. The risk of severe injury is thought to be greater for people when traveling abroad. These risks should be covered by travel insurance to protect the traveler, however it is not known what proportion of travel agents or airlines give advice routinely on travel insurance. Travel insurance is the most important safety net for travelers in the event of misadventure, and should be reinforced by travel health advisers. Although only 4% of general practitioners (GPs) in a late 1980's study in the United Kingdom would advise a traveler going to Turkey about travel insurance,4 more recent studies have shown about 60% of GPs in New Zealand and 39% of travel clinics worldwide usually advised travelers concerning travel insurance. In addition, 54% of GPs in New Zealand usually also advised travelers about finding medical assistance abroad, but only 19% of GPs recommended travel insurance companies as a source of medical assistance while traveling. PMID:10575173

  20. Accidents with venomous and poisonous animals: their impact on occupational health in Colombia

    Juan P. Gómez C


    Venomous or poisonous animals are a very common cause of accidents in Colombia. Such accidents occur due to vertebrates such as snakes and fish or invertebrates such as scorpions, spiders, bees, etc. The most affected individuals are young people ages 15 to 45. They are mainly farmers and fishermen. These events can be considered work accidents given their characteristics. Nevertheless, the occupational risk insurance companies, the central Colombian government, and the regional, departmental...

  1. Severe accident phenomena

    Severe accidents are nuclear reactor accidents in which the reactor core is substantially damaged. The report describes severe reactor accident phenomena and their significance for the safety of nuclear power plants. A comprehensive set of phenomena ranging from accident initiation to containment behaviour and containment integrity questions are covered. The report is based on expertise gained in the severe accident assessment projects conducted at the Technical Research Centre of Finland (VTT). (49 refs., 32 figs., 12 tabs.)

  2. Life Insurance. Variable Universal-Life Insurance

    Smith, Mike; Hayhoe, Celia Ray


    The term "variable" simply refers to "different investment options." Variable universal-life insurance allows the policy-owner to choose how the cash value is invested. Some variable policies have up to 50 different "sub-accounts" from which to choose.

  3. New procedure for declaring accidents resulting in bodily injuries


    The HR Department would like to remind members of personnel that, according to Administrative Circular No. 14 (Rev. 3), entitled “Protection of members of the personnel against the financial consequences of illness, accident and incapacity for work”, accidents resulting in bodily injuries and presumed to be of an occupational nature should, under normal circumstances, be declared within 10 working days of the accident having occurred, accompanied by a medical certificate. In an effort to streamline procedures, occupational accident declarations should be made via EDH using the “declaration of occupational accident” electronic form. For the declaration of non-occupational accidents resulting in bodily injuries of members of the CERN Health Insurance Scheme (CHIS), a new paper form has been elaborated that can be downloaded from the CHIS website and is also available from the UNIQA Helpdesk in the Main Building. If you encounter technical difficulties with these new ...

  4. Multivariate Frequency-Severity Regression Models in Insurance

    Edward W. Frees


    Full Text Available In insurance and related industries including healthcare, it is common to have several outcome measures that the analyst wishes to understand using explanatory variables. For example, in automobile insurance, an accident may result in payments for damage to one’s own vehicle, damage to another party’s vehicle, or personal injury. It is also common to be interested in the frequency of accidents in addition to the severity of the claim amounts. This paper synthesizes and extends the literature on multivariate frequency-severity regression modeling with a focus on insurance industry applications. Regression models for understanding the distribution of each outcome continue to be developed yet there now exists a solid body of literature for the marginal outcomes. This paper contributes to this body of literature by focusing on the use of a copula for modeling the dependence among these outcomes; a major advantage of this tool is that it preserves the body of work established for marginal models. We illustrate this approach using data from the Wisconsin Local Government Property Insurance Fund. This fund offers insurance protection for (i property; (ii motor vehicle; and (iii contractors’ equipment claims. In addition to several claim types and frequency-severity components, outcomes can be further categorized by time and space, requiring complex dependency modeling. We find significant dependencies for these data; specifically, we find that dependencies among lines are stronger than the dependencies between the frequency and average severity within each line.

  5. Individual insurance: health insurers try to tap potential market growth.

    November, Elizabeth A; Cohen, Genna R; Ginsburg, Paul B; Quinn, Brian C


    Individual insurance is the only source of health coverage for people without access to employer-sponsored insurance or public insurance. Individual insurance traditionally has been sought by older, sicker individuals who perceive the need for insurance more than younger, healthier people. The attraction of a sicker population to the individual market creates adverse selection, leading insurers to employ medical underwriting--which most states allow--to either avoid those with the greatest health needs or set premiums more reflective of their expected medical use. Recently, however, several factors have prompted insurers to recognize the growth potential of the individual market: a declining proportion of people with employer-sponsored insurance, a sizeable population of younger, healthier people forgoing insurance, and the likelihood that many people receiving subsidies to buy insurance under proposed health insurance reforms would buy individual coverage. Insurers are pursuing several strategies to expand their presence in the individual insurance market, including entering less-regulated markets, developing lower-cost, less-comprehensive products targeting younger, healthy consumers, and attracting consumers through the Internet and other new distribution channels, according to a new study by the Center for Studying Health System Change (HSC). Insurers' strategies in the individual insurance market are unlikely to meet the needs of less-than-healthy people seeking affordable, comprehensive coverage. Congressional health reform proposals, which envision a larger role for the individual market under a sharply different regulatory framework, would likely supersede insurers' current individual market strategies. PMID:19899193

  6. Insurability of Terrorism Risks

    Until 2001 losses caused by terrorist attacks have been covered under fire policies worldwide with two exceptions: Spain and UK where major and multiple losses caused by ETA and IRA had led to specific insurance solutions. The September 11, 2001 attacks on the World Trade Centre have changed the world in many aspects. This includes the insurance industry, which was compelled to exclude terrorism from coverage and to offer special solutions for extra premium. Nuclear power plants have been repeatedly called targets for terrorists as their destruction could cause a large catastrophe and more victims than the September 2001 attacks. How does the insurance industry respond? (author)


    Kondratenko, D.


    The article is devoted to the analysis of the different interpretations of the concept of "portfolio insurance". The examples of the essence understanding of the “portfolio insurance'' concept from the different scholars point of view was examined from the perspective of the aggregate insurance risks and the number of contracts or assets incepted for the insurance. The functions and principles of the insurance portfoli were designated. It has been established that the current legislation does...

  8. Particularity of Selling Insurance for Romanian Insurance Companies

    Gavriletea Marius


    It is already known that marketing has a very important role for the success of each type business. Insurance sector is an industry with continuously modification towards insured risks, exclusions and quotations. The competition in the Romanian insurance industry is a really tough one, and the insurance companies that will adopt better marketing strategies will be successful and profitable ones. As a part of marketing field, distribution channels in insurance grew in importance in the last de...

  9. Insurance Risks – Hedging Techniques

    Botea Elena Mihaela; Sahlian Daniela Nicoleta; Stanila Oana Georgiana


    Insurance companies by their specific activity and by the variety of operations are exposed to a multitude of risks. We can say that the risk is the basic condition of the insurance. If there were no risks, there would be no insurance. Therefore, risk insurance is a specific element, being subject to any insurance contract. Seeking a definition for risk, one can say that “risk is a danger, a threat faced by goods, people, businesses and insurance companies may provide”. The insurance companie...

  10. HUD Insured Multifamily Properties

    Department of Housing and Urban Development — The FHA insured Multifamily Housing portfolio consist primarily of rental housing properties with five or more dwelling units such as apartments or town houses, but...

  11. HUD Insured Hospitals

    Department of Housing and Urban Development — The Office of Healthcare Programs (OHP), previously known as the Office of Insured Health Care Facilities, is located within the Office of Housing and administers...

  12. M. Nuclear insurance

    Nuclear insurance and some of the features associated with it, such as the International Conventions and the operation of Atomic Risk Pools, are discussed both in general and with specific reference to the USA, Canada and the United Kingdom

  13. Group life insurance


    The CERN Administration wishes to inform staff members and fellows having taken out optional life insurance under the group contract signed by CERN that the following changes to the rules and regulations entered into force on 1 January 2013:   The maximum age for an active member has been extended from 65 to 67 years. The beneficiary clause now allows insured persons to designate one or more persons of their choice to be their beneficiary(-ies), either at the time of taking out the insurance or at a later date, in which case the membership/modification form must be updated accordingly. Beneficiaries must be clearly identified (name, first name, date of birth, address).   The membership/modification form is available on the FP website: For further information, please contact: Valentina Clavel (Tel. 73904) Peggy Pithioud (Tel. 72736)

  14. Computer Crime and Insurance.

    Beaudoin, Ralph H.


    The susceptibility of colleges and universities to computer crime is great. While insurance coverage is available to cover the risks, an aggressive loss-prevention program is the wisest approach to limiting the exposures presented by computer technology. (MLW)

  15. Revenue Crop Protection Insurance

    Edwards, William M.; Hofstrand, Donald


    Insurance against poor crop yields has been available for many years. But income from crop production can be low even when yields are not. A new risk management tool known as crop revenue insruance addresses this problem. Revenue insurance guarantees a certain level of revenue rather than just production. It protects you from declines in both crop prices and yields. The guarantee is based on market prices and the actual yield on your farm.

  16. Product liability insurance for WECS

    Noun, R.J.


    Preliminary findings from a sampling of manufacturers indicate that product liability insurance for WECS is still difficult to obtain in many cases. About half of the 21 WECS manufacturers contacted do not have product liability insurance at this time. About one manufacturer in three who has attempted to obtain insurance has been rejected by at least one insurance company. In some instances, although an insurer had offered to provide coverage, the manufacturer found the rates quoted to be prohibitively expensive.




    A very active sector in recent years (2002-2008) fot Romania is the insurance industry. Both individuals and companies need protection that should become more accurate. Given these aspects, sustained by a steady growth of the insurance market, in Romania the issue of protection of policyholders - as consumers of services (insurance) appeared. Inside this paper we will focus on the regulatory body which supervise the insurance business in Romania and the insurance contract – the main factor fo...


    The purpose of this paper is (a) to define the International Atomic Energy Agency's role in the area of severe accident management training, (b) to briefly describe the status of representative severe accident analysis tools designed to support development and validation of accident management guidelines, and more recently, simulate the accident with sufficient accuracy to support the training of technical support and reactor operator staff, and (c) provide an overview of representative design-specific accident management guidelines and training. Since accident management and the development of accident management validation and training software is a rapidly evolving area, this paper is also intended to evolve as accident management guidelines and training programs are developed to meet different reactor design requirements and individual national requirements

  19. Traffic Congestion and Accidents

    Schrage, Andrea


    Obstructions caused by accidents can trigger or exacerbate traffic congestion. This paper derives the efficient traffic pattern for a rush hour with congestion and accidents and the corresponding road toll. Compared to the model without accidents, where the toll equals external costs imposed on drivers using the road at the same time, a new insight arises: An optimal toll also internalizes the expected increase in future congestion costs. Since accidents affect more drivers if traffic volumes...

  20. The right of social insurance as constitutional right and as an important right arising from labor relations - An overview of the framework of social insurance in Albania

    Mirela Selita


    Full Text Available Social insurance is part of social security which consists as well as of social assistance and services, health services and health care insurance. Everyone has the right for social insurance when retired or in case of incapacity of work under a certain system established by a law. The right of social insurance is part of labor rights. In Albania the mandatory social insurance scheme is based on the pay-as-you-earn principle, on the awareness of the individual about the risks in social field in its future and in the principle of agreement between generations. This is a scheme financed out of contributions from the employers, the employed persons and self-employed. The benefits are provided in case of sickness, maternity, old-age, disability, loss of breadwinner, employment accidents/occupational diseases and unemployment.

  1. The effectiveness and development trend of nuclear third party liability insurance in the nuclear risk management

    Nuclear power considerably benefited mankind since it was utilized peaceably. The cleanness, safety and high efficiency of nuclear power were gradually known and recognized by the public. However at the same time, nuclear power had produced significant accident and consequently caused severe aftereffects during its utilization. Therefore, effective management of nuclear risk and reducing its accident probability are the social responsibilities of every nuclear nation. From the insurance point of view, this document analyzes the validity and development trends of nuclear third party insurance in nuclear risk management. It also introduces effectual experience in this field from nuclear insurance developed countries. This document discusses the necessity of consummating nuclear third party insurance under the aggressive development situation of nuclear power in our country. (author)

  2. Psychology of nuclear accidents

    Tysoe, M.


    Incidents involving nuclear weapons are described, as well as the accident to the Three Mile Island-2 reactor. Methods of assessment of risks are discussed, with particular reference to subjective judgements and the possible role of human error in civil nuclear accidents. Accidents or misunderstandings in communication or human actions which might lead to nuclear war are also discussed.

  3. Serbian insurance market: Select issues

    Obadović Mirjana M.


    Full Text Available Every day insurance companies face a number of risks arising from the insurance industry itself, as well as risks arising from insurance company operations. In this constant fight against risks insurance companies use different models and methods that help them better understand, have a more comprehensive view of, and develop greater tolerance towards risks, in order to reduce their exposure to these risks. The model presented in this paper has been developed for implementation in insurance risk management directly related to insurance company risk, i.e. it is a model that can reliably determine the manner and intensity with which deviations in the initial insurance risk assessment affect insurance company operations, in the form of changes in operational risks and consequently in insurance companies’ business strategies. Additionally we present the implementation of the model in the Serbian market for the period 2005-2010.

  4. Dental insurance! Are we ready?

    Toor, Ravi S S; Jindal, R


    Dental insurance is insurance designed to pay the costs associated with dental care. The Foreign Direct Investment (FDI) bill which was put forward in the winter session of the Lok Sabha (2008) focused on increasing the foreign investment share from the existing 26% to 49% in the insurance companies of India. This will allow the multibillion dollar international insurance companies to enter the Indian market and subsequently cover all aspects of insurance in India. Dental insurance will be an integral a part of this system. Dental insurance is a new concept in Southeast Asia as very few countries in Southeast Asia cover this aspect of insurance. It is important that the dentists in India should be acquainted with the different types of plans these companies are going to offer and about a new relationship which is going to emerge in the coming years between dentist, patient and the insurance company. PMID:21525693

  5. New technologies - boundaries of insurability

    Schimana, D. [Marsh GmbH, Duesseldorf (Germany)


    The insurance industry has always kept pace with advances in power station technology. Major development steps have been supported by an appropriate distribution of risk among developers, manufacturers, owners, investors and insurers. The main consideration is the extent to which the insurance market classifies damage to new technology as forseeable and therefore uninsurable. In the 1990s, insurers responded to this by making the answer clear in the terms of insurance for gas turbines, for example. More recently, we have seen a similar response for wind power and biogas plants. To avoid any nasty surprises when an insured event occurs, it is essential to conduct an early and frank discussion of new developments with all parties involved in a project, including lenders and insurers. This article will use examples to demonstrate criteria for classifications in the insurance market and the impact on the insurance protection for such plants in the opinion of an industry expert who is regularly involved in such projects. (orig.)

  6. Dental insurance! Are we ready?

    Ravi SS Toor


    Full Text Available Dental insurance is insurance designed to pay the costs associated with dental care. The Foreign Direct Investment (FDI bill which was put forward in the winter session of the Lok Sabha (2008 focused on increasing the foreign investment share from the existing 26% to 49% in the insurance companies of India. This will allow the multibillion dollar international insurance companies to enter the Indian market and subsequently cover all aspects of insurance in India. Dental insurance will be an integral a part of this system. Dental insurance is a new concept in Southeast Asia as very few countries in Southeast Asia cover this aspect of insurance. It is important that the dentists in India should be acquainted with the different types of plans these companies are going to offer and about a new relationship which is going to emerge in the coming years between dentist, patient and the insurance company.

  7. Designing an Health Insurance Scheme for Government Employees in Bangladesh: A Concept Paper

    Hamid, Syed Abdul


    Introducing compulsory health insurance for government employees bears immense importance for stepping towards universal healthcare coverage in Bangladesh. Lack of scientific study on designing such scheme, in the Bangladesh context, motivates this paper. The study aims at designing a comprehensive insurance package simultaneously covering health, life and accident related disability risks of the public employees, where the health component would extend to all dependent family members. ...

  8. Supervisor's accident investigation handbook

    This pamphlet was prepared by the Environmental Health and Safety Department (EH and S) of Lawrence Berkeley Laboratory (LBL) to provide LBL supervisors with a handy reference to LBL's accident investigation program. The publication supplements the Accident and Emergencies section of LBL's Regulations and Procedures Manual, Pub. 201. The present guide discusses only accidents that are to be investigated by the supervisor. These accidents are classified as Type C by the Department of Energy (DOE) and include most occupational injuries and illnesses, government motor-vehicle accidents, and property damages of less than $50,000

  9. Accidents in industrial radiography in Brazil from 2005 to 2010

    Analysis of accidents occurring in industrial radiography in Brazil from 2005 until 2010 led to the study of the main characteristics of the events, their risks and dangers. This study outlines the main doubts on the subject, through a simplified analysis of the contents of high dose reports sent to CNEN by the companies that provide services for industrial radiography and from examining the growing number of radioactive sources for industrial radiography in Brazil, over this period. We classified the recorded events, as incidents, accidents, negligence, sabotage, and others, and studied their main consequences. We concluded that from 76 accidents that occurred during that period - 25 were real accidents, 13 minor accidents and 22 were inadvertent incidents. We found that the rate of growth in the number of sources is much greater than the rate of growth of accidents, with a ratio of 7.57 between them. The continuation of this study over some years, will allow the construction of a pyramid of accidents like the one developed by the Insurance Company of North America, specifically for industrial radiography to forecast the number of incidents and accidents that lead to serious or fatal injury. (author)

  10. Group Life Insurance


    The CERN Administration would like to remind you that staff members and fellows have the possibility to take out a life insurance contract on favourable terms through a Group Life Insurance.   This insurance is provided by the company Helvetia and is available to you on a voluntary basis. The premium, which varies depending on the age and gender of the person insured, is calculated on the basis of the amount of the death benefit chosen by the staff member/fellow and can be purchased in slices of 10,000 CHF.    The contract normally ends at the retirement age (65/67 years) or when the staff member/fellow leaves the Organization. The premium is deducted monthly from the payroll.   Upon retirement, the staff member can opt to maintain his membership under certain conditions.   More information about Group Life Insurance can be found at: Regulations (in French) Table of premiums The Pension Fund Benefit Service &...


    Zeljko Sain


    Full Text Available The aim of the paper that treats the actuarial model of insurance in case of survival or early death is to show the actuarial methods and methodology for creating a model and an appropriate number of sub-models of the most popular form of life insurance in the world. The paper applies the scientific methodology of the deductive character based on scientific, theoretical knowledge and practical realities. Following the basic theoretical model’s determinants, which are at the beginning of the paper, the basic difference between models further in this paper was carried out according to the character of the premium to be paid. Finally, the financial repercussions of some models are presented at examples in insurance companies. The result of this paper is to show the spectrum of possible forms of capital endowment insurance which can be, without major problems, depending on the financial policy of the company, applied in actual practice. The conclusion of this paper shows the theoretical and the practical reality of this model, life insurance, and its quantitative and qualitative guidelines.

  12. Framework for accident management

    Accident management is an essential element of the Nuclear Regulatory Commission (NRC) Integration Plan for the closure of severe accident issues. This element will consolidate the results from other key elements; such as the Individual Plant Examination (IPE), the Containment Performance Improvement, and the Severe Accident Research Programs, in a form that can be used to enhance the safety programs for nuclear power plants. The NRC is currently conducting an Accident Management Program that is intended to aid in defining the scope and attributes of an accident management program for nuclear power plants. The accident management plan will ensure that a plant specific program is developed and implemented to promote the most effective use of available utility resources (people and hardware) to prevent and mitigate severe accidents. Hardware changes or other plant modifications to reduce the frequency of severe accidents are not a central aim of this program. To accomplish the outlined objectives, the NRC has developed an accident management framework that is comprised of five elements: (1) accident management strategies, (2) training, (3) guidance and computational aids, (4) instrumentation, and (5) delineation of decision making responsibilities. A process for the development of an accident management program has been identified using these NRC framework elements

  13. The insurance business and the nuclear fuel cycle

    The legally required financial security is provided by the insurance business by way of liability insurance systems. Insurance coverage is given for the obligation to pay damages in compliance with section 13 Atomic Energy Act, which refers to all objects of legal protection also defined in section 823, sub-sec. (1) BGB. The legal provisions valid in the F.R.G. are very similar to the provisions in most western countries. They comply with the Paris Convention which determines the legal bases of the international third party liability system which have been supplemented by the Brussels Convention. The reactor accident at Chernobyl has induced discussions and changes in the insurance sector. A major conclusion was that liability criteria must have unambiguous definition and delimitation. A compensation system is feasible only on the basis of clear-cut definitions. A first step in this direction has been done by issuing maximum permissible limits for foodstuffs. Another major instrument for coping with a nuclear accident is the distribution scheme defined in section 35 Atomic Energy Act. (orig./HSCH)

  14. Constant Proportion Portfolio Insurance

    Jessen, Cathrine


    Portfolio insurance, as practiced in 1987, consisted of trading between an underlying stock portfolio and cash, using option theory to place a floor on the value of the position, as if it included a protective put. Constant Proportion Portfolio Insurance (CPPI) is an option-free variation on the...... theme, originally proposed by Fischer Black. In CPPI, a financial institution guarantees a floor value for the “insured” portfolio and adjusts the stock/bond mix to produce a leveraged exposure to the risky assets, which depends on how far the portfolio value is above the floor. Plain-vanilla portfolio...... insurance largely died with the crash of 1987, but CPPI is still going strong. In the frictionless markets of finance theory, the issuer’s strategy to hedge its liability under the contract is clear, but in the real world with transactions costs and stochastic jump risk, the optimal strategy is less obvious...

  15. Anti-Insurance: Analysing the Health Insurance System in Australia

    Joshua S. Gans; Stephen P. King


    This paper develops a model to analyse the Australian health insurance system when individuals differ in their health risk and this risk is private information. The Australian system involves mixed public and private health insurance with private insurance both duplicating and supplementing public insurance. We show that, absent any other interventions, the Australian system implicitly transfers wealth from those most at risk of adverse health to those least at risk. When considered over soci...

  16. Disability Insurance and Health Insurance Reform: Evidence from Massachusetts

    Nicole Maestas; Kathleen J. Mullen; Alexander Strand


    As health insurance becomes available outside of the employment relationship as a result of the Affordable Care Act (ACA), the cost of applying for Social Security Disability Insurance (SSDI)–potentially going without health insurance coverage during a waiting period totaling 29 months from disability onset–will decline for many people with employer-sponsored health insurance. At the same time, the value of SSDI and Supplemental Security Income (SSI) participation will decline for individuals...

  17. Recompensation practice of insurances for diseases resulting from ionizing radiation, 'probability of causation'

    As carriers of the statutory accident insurances the trade associations of the Federal Republic of Germany are competent for the compensation of occupational accidents and diseases. The lecture deals with the legal fundamentals of compensation and explains how it is employed (examples). The significance of the radioepidemiological tables of the National Institutes for Health of the USA for medical expert opinion is considered. (orig./DG)

  18. American nuclear insurers

    Nuclear liability insurance covers liability for damages directly caused by the nuclear energy hazard. This coverage includes offsite bodily injury and property damage sustained by members of the general public, and bodily injury to onsite third party personnel. Recent nuclear liability claims allege bodily injury and property damage resulting from releases or radioactive materials to the environmental and occupational radiation worker exposures. Routine reactor operations involving radioactive waste have the potential to result in such claims. The nuclear insurance Pools believe that one way such claims can be minimized is through the implementation of an effective radioactive waste management program

  19. Self Insurance and Other Trends in Insurance Management.

    Addicks, R. C., Jr.

    When determining a school system insurance program, the school board should first set a general insurance management policy statement for administrators to carry out. Next an overview of all the system operations must be made. The risks must then be quantified in terms of all potential financial loss. When designing an insurance program, the…

  20. Radiation accidents and defence of population

    Full text: Development of nuclear physics, the fundamental and the applied researches in the field of radioactive insured wide possibility for application of radionuclides and ionizing radiation source in the different fields of national economy. Application of radionuclides in chemical, metallurgical, food industry, in agriculture and etc. Fields provide a large economic profit. It's hard to apprise significance of ionizing radiation source using in medicine for diagnostics and treatment of different disease. Nuclear power engineering and nuclear industry are developing intensively. At same time nuclear power, ionizing radiation sources incur potential treat for surroundings and health of population. As even that stage of protective measure development: there is no possibility of that happening of radiation accidents. A radiation accident qualifies as loss of ionizing radiation sources direction, which provoked by disrepair equipment, natural calamity or other causes which could bring to unplanned irradiation of population or radioactive pollution of surroundings. At present some following typical cases connected with radiation accident have been chosen: Contentious using or keeping of ionizing radiation source with breach of established requires; Loss, theft of ionizing radiation sources or radiation plants, instruments; Leaving the sources of ionizing radiation in the holes; Refusal radiation technic exploited in industry, medicine, SRI and etc; Disrepair in nuclear transport means of conveyance; Crashes and accidents at NPP and at other enterprises of nuclear industry. The radiation accidents according to character, degree and scales have been divided into two groups: Radiation accidents not connected with NPP; Accidents in the nuclear engineering and industry; The radiation accidents not connected with NPP according their consequence divide into 5 groups; accidents which do not come to irradiation of personal, persons from population (more PN-permissible norm

  1. Facilitating Consumer Learning in Insurance Markets --- What Are The Welfare Effects?

    Lagerlöf, Johan NM; Schottmüller, Christoph

    What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show that his results are robust: For a small information...... insurer and weakly benefits the consumer. Paradoxically, a reduction in c that is "successful," meaning that the consumer gathers information after the reduction but not before it, can hurt both parties. The reasons for this are that, after the reduction, (i) the cost is actually incurred and (ii) the...

  2. Framework for accident management

    A program is being conducted to establish those attributes of a severe accident management plan which are necessary to assure effective response to all credible severe accidents and to develop guidance for their incorporation in a plant's Accident Management Plan. This program is one part of the Accident Management Research Program being conducted by the U. S. Nuclear Regulatory Commission (NRC). The approach used in establishing attributes and developing guidance includes three steps. In the first step the general attributes of an accident management plan were identified based on: (1) the objectives established for the NRC accident management program, (2) the elements of an accident management framework identified by the NRC, and (3) a review of the processes used in developing the currently used approach for classifying and analyzing accidents. For the second step, a process was defined that uses the general attributes identified from the first step to develop an accident management plan. The third step applied the process defined in the second step at a nuclear power plant to refine and develop it into a benchmark accident management plan. Step one is completed, step two is underway and step three has not yet begun

  3. Visualization of Traffic Accidents

    Wang, Jie; Shen, Yuzhong; Khattak, Asad


    Traffic accidents have tremendous impact on society. Annually approximately 6.4 million vehicle accidents are reported by police in the US and nearly half of them result in catastrophic injuries. Visualizations of traffic accidents using geographic information systems (GIS) greatly facilitate handling and analysis of traffic accidents in many aspects. Environmental Systems Research Institute (ESRI), Inc. is the world leader in GIS research and development. ArcGIS, a software package developed by ESRI, has the capabilities to display events associated with a road network, such as accident locations, and pavement quality. But when event locations related to a road network are processed, the existing algorithm used by ArcGIS does not utilize all the information related to the routes of the road network and produces erroneous visualization results of event locations. This software bug causes serious problems for applications in which accurate location information is critical for emergency responses, such as traffic accidents. This paper aims to address this problem and proposes an improved method that utilizes all relevant information of traffic accidents, namely, route number, direction, and mile post, and extracts correct event locations for accurate traffic accident visualization and analysis. The proposed method generates a new shape file for traffic accidents and displays them on top of the existing road network in ArcGIS. Visualization of traffic accidents along Hampton Roads Bridge Tunnel is included to demonstrate the effectiveness of the proposed method.




    Full Text Available The paper presents the techniques and the formulas used on international practice for establishing the premiums for a life policy. The formulas are generally based on a series of indicators named mortality indicators which mainly point out the insured survival probability, the death probability and life expectancy at certain age. I determined, using a case study, the unique net premium, the annual net premium for a survival insurance, whole life insurance and mixed life insurance.

  5. Insurance search and switching behavior

    Bolhaar, J.A.; Klaauw, van der, B.; Lindeboom, M.


    This discussion paper resulted in a publication in 'De Economist' , 2015, 163, 25-60. This paper looks into the search behavior of consumers in the market for health insurance contracts. We consider the recent health insurance reform in The Netherlands, where a private-public mix of insurance provision was replaced by a system based on managed competition. Although all insurers offer the same basic package (determined by the government), there is substantial premium dispersion. We develop a s...

  6. Managing Risk With Revenue Insurance

    Dismukes, Robert; Coble, Keith H.


    Crop revenue insurance offers farmers a way to manage revenue variability that results from yield and price risks. Commodity-level revenue insurance, particularly for corn, soybeans, and wheat, has become a major part of the subsidized Federal crop insurance program. Whole-farm revenue insurance, based on combined revenue from all commodities produced on a farm, is a more broad-based approach, but is difficult to administer.

  7. Why Firms Purchase Property Insurance?

    Daniel Aunon-Nerin; Paul Ehling


    We investigate whether corporate finance incentives aect the extent of corporate hedging with property insurance. Using a database that contains detailed insurance information, we show that rms buy property insurance to reduce the expected costs of distress. Further, we document a scale effect: large rms purchase less insurance per unit of property. This is consistent with the notion that expected bankruptcy costs fall as firm size increases. We also show that the dividend payout ratio exerts...

  8. Employment Turnover and Unemployment Insurance

    Hassler, John; Vicente Rodríguez Mora, José


    Two features distinguish European and US labour markets. First, most European countries have a considerably more generous unemployment insurance system. Second, the duration of unemployment and employment spells are substantially higher in Europe – employment turnover is lower. We show that self-insurance, i.e. saving and borrowing, is a good substitute for unemployment insurance when turnover is as high as in the United States. If the insurance system is less than perfectly actuarially fair,...

  9. A comparative analysis of accident risks in fossil, hydro, and nuclear energy chains

    Burgherr, P.; Hirschberg, S. [Paul Scherrer Institute, Villigen (Switzerland)


    This study presents a comparative assessment of severe accident risks in the energy sector, based on the historical experience of fossil (coal, oil, natural gas, and LPG (Liquefied Petroleum Gas)) and hydro chains contained in the comprehensive Energy-related Severe Accident Database (ENSAD), as well as Probabilistic Safety Assessment (PSA) for the nuclear chain. Full energy chains were considered because accidents can take place at every stage of the chain. Comparative analyses for the years 1969-2000 included a total of 1870 severe ({>=} 5 fatalities) accidents, amounting to 81,258 fatalities. Although 79.1% of all accidents and 88.9% of associated fatalities occurred in less developed, non-OECD countries, industrialized OECD countries dominated insured losses (78.0%), reflecting their substantially higher insurance density and stricter safety regulations. Aggregated indicators and frequency-consequence (F-N) curves showed that energy-related accident risks in non-OECD countries are distinctly higher than in OECD countries. Hydropower in non-OECD countries and upstream stages within fossil energy chains are most accident-prone. Expected fatality rates are lowest for Western hydropower and nuclear power plants; however, the maximum credible consequences can be very large. Total economic damages due to severe accidents are substantial, but small when compared with natural disasters. Similarly, external costs associated with severe accidents are generally much smaller than monetized damages caused by air pollution.

  10. Nuclear liability claims experience of the nuclear insurance pools

    The report describes the advance preparations the insurance pools had made and how this preparation affected the actual response to the Three Mile Island accident. Key features of the response were a channel of strict liability to the plant operator and the requirement of financial protection to cover all interests. This helped to reduce the high claims handling costs that are usually associated with the conventional tort system. The report supports the premise that Price-Anderson's concern is primarily for the potential large-scale accident. Expect for the Three Mile Island accident, members of the public have brought suit against reactor operators only three times, and these were the result of normal operations

  11. Insurance - Piper Alpha ''et al''

    This paper opens with some brief information about the Piper Alpha loss, how the loss was handled and its final cost. More importantly, it discusses the effect of the Piper Alpha loss on the world insurance market including the oil insurance captives such as O.I.L Limited. Finally, the insurance market current status and prognosis for the future are considered. (Author)

  12. 46 CFR Sec. 13 - Insurance.


    ... 46 Shipping 8 2010-10-01 2010-10-01 false Insurance. Sec. 13 Section 13 Shipping MARITIME... REPAIRS UNDER NATIONAL SHIPPING AUTHORITY MASTER LUMP SUM REPAIR CONTRACT-NSA-LUMPSUMREP Sec. 13 Insurance... respect to awarded work. Said Article 9 requires that the Contractor shall maintain insurance to...

  13. Insurance: Pupils' Pamphlet. II C.

    University of the South Pacific, Suva (Fiji).

    The document presents a study guide for students learning insurance protection and the various types of insurance businesses. The pupils' pamphlet is to be used in coordination with the teacher's guide. Case studies, worksheets, description of basic principles, and examples of policy forms are provided for the different types of insurance: (1)…

  14. Portfolio Selection and Insurance Period

    Aoba, Nobuko


    This paper examines market risks, portfolio selection and period of insurance in a life insurance market. Date from many countries indicate that over ninety percent of bankruptcies of life insurers are due of failures in financial risk management. Financial risk management is therefore central. ...

  15. Price Variability in Automobile Insurance

    Joseph A. Fields; Emilio C. Venezian; David Jou


    In this paper the causes of variation in automobile insurance prices are examined within a small and homogenous state. The central hypothesis of interest is the relation between the price of automobile insurance and the quality of the product. The findings here indicate that the market is one which contains substantial frictions, making the search for automobile insurance products a worthwhile activity for consumers.

  16. 46 CFR 308.403 - Insured amounts.


    ... total amount of war risk insurance obtainable from companies authorized to do an insurance business in a... MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION EMERGENCY OPERATIONS WAR RISK INSURANCE War Risk Builder's Risk Insurance § 308.403 Insured amounts. (a) Prelaunching period. The amount insured...




    Full Text Available Last few years have shown that Romania is not protected from the consequences of climate change. It is clear that type flood events may cause social problems and losses is difficult financing from public resources, especially in the context of the existence of budget constraints. The only viable system to cope with such disasters is insurance system that has the ability to spread risks by reinsurance Natural disasters - earthquakes, floods, landslides - are just some of the risks that may threaten your home. And if natural disasters can seem distant danger, think as fires, floods caused by broken pipes or theft of household goods are trouble can happen anytime to anyone. To protect yourself in such unpleasant situations, whose frequency is unfortunately on the rise, it is necessary to be assured. Thus, you will be able to recover losses in the event that they occur. The house is undoubtedly one of the most important assets we own. Therefore, the Romans began to pay increasingly more attention to domestic insurance products. Since 2011, voluntary home insurance, life insurance with, were the most dynamic segments of the market.

  18. Insurance: Teacher's Guide. IIC.

    University of the South Pacific, Suva (Fiji).

    The document presents a guide for teaching insurance protection based on the needs of students in the South Pacific. It is presented as a unit of study within the area of consumer education. Suggestions for unit objectives, student activities, time allocation, teaching methods, and reference materials are offered. A lesson plan is outlined based…

  19. Need Health Insurance?


    Sign up for affordable health insurance with free preventive services available beginning October 1, 2013 through March 31, 2014.  Created: 12/23/2013 by Office of the Associate Director for Policy (OADP), Office of the Associate Director for Communication (OADC).   Date Released: 12/23/2013.

  20. Health insurance for Users and other Associated Members of the Personnel


    A new health insurance option for Associated Members of the Personnel (including users): Allianz Worldwide Care Healthcare Plan for CERN MPAs.   Based on a survey conducted by the Users’ Office and a request by the Advisory Committee of CERN Users (ACCU), CERN has looked into health insurance products on the market and has identified a health insurance for MPAs and their accompanying family members which covers the financial consequences of illness and accidents and which is deemed adequate in CERN’s Host States. This insurance may be a useful option for MPAs who may not have adequate coverage in place from their home institution or who choose not to or cannot enrol in the CERN Health Insurance Scheme (CHIS). For the time being the insurance company can only offer limited duration policies to MPAs. We hope that this restriction can be removed in the future. The health insurance is offered by the insurance company Allianz WorldWide Care for a monthly fee of 139 euros per insure...

  1. Laser accidents: Being Prepared

    Barat, K


    The goal of the Laser Safety Officer and any laser safety program is to prevent a laser accident from occurring, in particular an injury to a person's eyes. Most laser safety courses talk about laser accidents, causes, and types of injury. The purpose of this presentation is to present a plan for safety offices and users to follow in case of accident or injury from laser radiation.

  2. The Chernobyl accident consequences

    Five teen years later, Tchernobyl remains the symbol of the greater industrial nuclear accident. To take stock on this accident, this paper proposes a chronology of the events and presents the opinion of many international and national organizations. It provides also web sites references concerning the environmental and sanitary consequences of the Tchernobyl accident, the economic actions and propositions for the nuclear safety improvement in the East Europe. (A.L.B.)

  3. Communication and industrial accidents

    As, Sicco van


    This paper deals with the influence of organizational communication on safety. Accidents are actually caused by individual mistakes. However the underlying causes of accidents are often organizational. As a link between these two levels - the organizational failures and mistakes - I suggest the concept of role distance, which emphasizes the organizational characteristics. The general hypothesis is that communication failures are a main cause of role distance and accident-proneness within orga...

  4. Nuclear accidents and epidemiology

    A consultation on epidemiology related to the Chernobyl accident was held in Copenhagen in May 1987 as a basis for concerted action. This was followed by a joint IAEA/WHO workshop in Vienna, which reviewed appropriate methodologies for possible long-term effects of radiation following nuclear accidents. The reports of these two meetings are included in this volume, and cover the subjects: 1) Epidemiology related to the Chernobyl nuclear accident. 2) Appropriate methodologies for studying possible long-term effects of radiation on individuals exposed in a nuclear accident. Figs and tabs

  5. Price--Anderson Act: the insurance industry's view

    The insurance industry feels the expense of providing insurance coverage under the Price-Anderson Act is justified because it encouraged development of nuclear power and assured protection for the public in the event of an accident. Insurance pools have been instituted in about 20 countries in order to distribute the risk on a worldwide basis. Changes in the original Act allow an off-site claimant to get compensation with defense waived and provide for the transition of financial responsibility from the public to the private sector. To date the pools have refunded $9.7 of $12.7 million (73 percent) of the premiums to the insured and the remainder has grown into a $45 million fund, which reflects the success of the nuclear industry and the regulatory agencies in establishing a safe record. This record covers 60 power reactors, 50 research and development reactors, waste disposal sites, and about 50 nuclear facilities. With the exception of reactor operators and fuel reprocessors, the insurance is voluntary at premiums ranging from $1000 to $260,000. A total of $600,000 has been paid in claims

  6. An Epidemiological Study of Accidents among Construction Workers in Kerman

    Hasan Khaje


    Full Text Available Introduction: Accidents are known among the leading causes of deaths and disabilities in developing and industrialized countries. Among the various occupations and activities, construction industry is among the most hazardous industries in the world, the risk of which and its following harms are still somehow unknown. This study aimed at investigating the epidemiology of accidents in construction, for the first time in Kerman. Methods: In this descriptive, analytical study, all construction workers (n=153 who had been hurt at work during 2006-2008 were investigated. The data were collected through questionnaire and were analyzed by chi-square and regression logistic test, SPSS statistical software. Results: The mean age of the injured workers was 32 years (the lowest age was 16 and the highest was 70 years and the highest rate of accidents occurred among the 16-36 years-old age group. Generally, 16.3 % (n=25 of the accidents led to death and 77.8% of the accidents occurred to people with junior high school and lower levels of education. There were significant relationships between the three variables of year, season and the shift in which the accident occurred and the result (death or survival of the accident. However, no significant relationships were observed between the insurance status of the injured and the results of the accidents. Conclusion: In Iran, there are strong relationships between reasons and results of accidents, so this study recommends more studies with the aim of changing the current trend to prevent the accidents in future.

  7. Cost analysis and financial risk profile for severe reactor accidents at Waterford-3

    To support Louisiana Power and Light Company (LP and L) in determining an appropriate level of nuclear property insurance for Waterford Steam Electric Station, Unit 3 (Waterford-3), ABZ, Incorporated, performed a series of cost analyses and developed a financial risk profile. This five-month study, conducted in 1991, identified the potential Waterford-3 severe reactor accidents and described each from a cleanup perspective, estimated the cost and schedule to cleanup from each accident, developed a probability distribution of associated financial exposure, and developed a profile of financial risk as a function of insurance coverage

  8. Insurance against climate change and flood risk: Insurability and decision processes of insurers

    Hung, Hung-Chih; Hung, Jia-Yi


    1. Background Major portions of the Asia-Pacific region is facing escalating exposure and vulnerability to climate change and flood-related extremes. This highlights an arduous challenge for public agencies to improve existing risk management strategies. Conventionally, governmental funding was majorly responsible and accountable for disaster loss compensation in the developing countries in Asia, such as Taiwan. This is often criticized as an ineffective and inefficient measure of dealing with flood risk. Flood insurance is one option within the toolkit of risk-sharing arrangement and adaptation strategy to flood risk. However, there are numerous potential barriers for insurance companies to cover flood damage, which would cause the flood risk is regarded as uninsurable. This study thus aims to examine attitudes within the insurers about the viability of flood insurance, the decision-making processes of pricing flood insurance and their determinants, as well as to examine potential solutions to encourage flood insurance. 2. Methods and data Using expected-utility theory, an insurance agent-based decision-making model was developed to examine the insurers' attitudes towards the insurability of flood risk, and to scrutinize the factors that influence their decisions on flood insurance premium-setting. This model particularly focuses on how insurers price insurance when they face either uncertainty or ambiguity about the probability and loss of a particular flood event occurring. This study considers the factors that are expected to affect insures' decisions on underwriting and pricing insurance are their risk perception, attitudes towards flood insurance, governmental measures (e.g., land-use planning, building codes, risk communication), expected probabilities and losses of devastating flooding events, as well as insurance companies' attributes. To elicit insurers' utilities about premium-setting for insurance coverage, the 'certainty equivalent,' 'probability

  9. Modern problems in insurance mathematics

    Martin-Löf, Anders


    This book is a compilation of 21 papers presented at the International Cramér Symposium on Insurance Mathematics (ICSIM) held at Stockholm University in June, 2013. The book comprises selected contributions from several large research communities in modern insurance mathematics and its applications. The main topics represented in the book are modern risk theory and its applications, stochastic modelling of insurance business, new mathematical problems in life and non-life insurance, and related topics in applied and financial mathematics. The book is an original and useful source of inspiration and essential reference for a broad spectrum of theoretical and applied researchers, research students and experts from the insurance business. In this way, Modern Problems in Insurance Mathematics will contribute to the development of research and academy–industry co-operation in the area of insurance mathematics and its applications.

  10. The turn of the millennium problem, discussed with respect to liability and insurance aspects

    The energy utilities are dependent on the reliable functioning of the information and process control systems installed in the industrial plants. The contribution here discusses conceivable accident scenarios resulting from faulty timestamps in the computerized systems, including safety systems, and analyses the current situation with respect to third party liability of utilities as well as insurance aspects. (CB)

  11. Criticality accident in Argentina

    A recent criticality type accident, ocurred in Argetina, is commented. Considerations about the nature of the facility where this accident took place, its genesis, type of operation carried out on the day of the event, and the medical aspects involved are done. (Author)

  12. Chernobyl accident and Danmark

    The report describes the Chernobyl accident and its consequences for Denmark in particular. It was commissioned by the Secretary of State for the Environment. Volume 1 contains copies of original documents issued by Danish authorities during the first accident phase and afterwards. Evaluations, monitoring data, press releases, legislation acts etc. are included. (author)

  13. Radiation accidents in hospitals

    Some of the radiation accidents that have occurred in Indian hospitals and causes that led to them are reviewed. Proper organization of radiation safety minimizes such accidents. It has been pointed out that there must be technical competence and mental preparedness to tackle emergencies when they do infrequently occur. (M.G.B.)

  14. Communication and industrial accidents

    As, Sicco van


    This paper deals with the influence of organizational communication on safety. Accidents are actually caused by individual mistakes. However the underlying causes of accidents are often organizational. As a link between these two levels - the organizational failures and mistakes - I suggest the conc

  15. Chernobyl accident and Denmark

    The report describes the Chernobyl accident and its consequences for Denmark in particular. It was commissioned by The Secretary of State for the Environment. Volume 2 contains copies of original documents issued by Danish authorities during the first accident phase and afterwards. Evaluations, monitoring data, press releases, legislation acts etc. are included. (author)

  16. Financing and insurance problems

    The author analyses the papers presented at the Paris Conference on the maturity of nuclear energy. It is evident that financing possibilities will be a determinant factor in the rate of development of nuclear power during the years to come. After having evaluated the capital requirements necessitated for the development of nuclear programmes, the parties intervening have examined the means at the disposal of electricity manufacturers to meet these needs (self-financing, recourse to external financing, regrouping, on an international scale of the electricity manufacturers of the setting up of high capacity plants). As concerns the insurance problems, they are becoming more and more involved as nuclear applications, are further diversified and intensified. The parties intervening have discussed new tarification techniques likely to be applied and pointed out the possibilities offered by regrouping or pooling of insurers (Market Pool) which allow for a maximum of risks to be covered without exceeding the means proper to each company concerned

  17. Consumers’ Collision Insurance Decisions

    Austin, Laurel; Fischhoff, Baruch

    is an inferior good (Mossin, 1968). The behaviour reported by subjects in our study suggests that insurance is a normal good, while their verbal reports reveal desires to balance two conflicting goals in deductible decisions, keeping premiums “affordable” and keeping deductibles “affordable,” which suggests...... a cognitive model based on budgeting. Our findings emphasize the importance of budget constraints, which lead consumers to budget their income across consumption categories. We find also that a simple heuristic accounts for many collision coverage decisions: purchase coverage for cars worth more than some......Using interviews with 74 drivers, we elicit and analyse how people think about collision coverage and, more generally, about insurance decisions. We compare the judgments and behaviours of these decision makers to the predictions of a range of theoretical models: (a) A model developed by Lee (2007...

  18. Accidents with orphan sources

    The International Atomic Energy Agency has specifically defined statutory functions relating to the development of standards of safety and the provision for their application. It also has responsibilities placed on it by virtue of a number of Conventions, two of which are relevant to nuclear accidents or radiological emergencies - the Convention on Early Notification of a Nuclear Accident and the Convention on Assistance in the Case of a Nuclear Accident or Radiological Emergency. An overview of the way in which these functions are being applied to prevent and respond to radiological accidents, particularly those involving orphan sources, is described in this paper. Summaries of a number of such accidents and of the Agency's Action Plan relating to the safety and security of radiation sources are given. (orig.)

  19. Risk management and insurance

    Kenneth A. Froot


    Ulm University is regarded as a pioneer in the establishment of Quantitative Economics. In 1977, it was Ulm that first introduced Mathematics and Management as a course of studies, which to this day still enjoys a great demand, and which has led to the establishment of similar study programs in other locations. This study course forms the basis for the successful research area of risk management and insurances established at the Ulm University.

  20. Life insurance mathematics

    Gerber, Hans U


    This concise introduction to life contingencies, the theory behind the actuarial work around life insurance and pension funds, will appeal to the reader who likes applied mathematics. In addition to model of life contingencies, the theory of compound interest is explained and it is shown how mortality and other rates can be estimated from observations. The probabilistic model is used consistently throughout the book. Numerous exercises (with answers and solutions) have been added, and for this third edition several misprints have been corrected.

  1. Insurance contracts on tourism

    Krasniqi, Armand


    The business life in the modern world is developed upon the logia of the domination of the rules and within them an important role play those that are related to implementation of the standards that are connected with he security and insurances. Due to the need for an economic transformation it resulted with the creating of a new set of new contracts which commencing from several general principles of the obligatory law, that regulate the situation which were not established insofar, which in...

  2. Unions and Wage Insurance

    Burda, Michael C


    Existing theories of unions emphasize their impact on wage levels relative to the opportunity cost of leisure. This paper explores tha possibility that monopoly unions provide income insurance against idiosyncratic wage variability. An optimal union contract is characterized by real wage and other types of flexibility only in response to systematic changes in underlying uncertainty. Under such conditions, there is no presumption that the "union wage premium" relative to the free market wage i...

  3. Insurance in Tourism Industry

    Taleski, Petar; Taskov, Nako


    The issue of cost and availability of insurance, particularly for tourism operators, has become a common issue for the tourism industry across European Union. It has been particularly problematic in those jurisdictions that have a high number of adventure and eco-tourism operators. The main challenge appears to be in relation to securing commercial general liability coverage and/or obtaining such coverage on a cost effective basis. One of the problems is that the tourism industry does not ...

  4. Optimal social insurance with linear income taxation

    Bovenberg, Lans; Sørensen, Peter Birch


    We study optimal social insurance aimed at insuring disability risk in the presence of linear income taxation. Optimal disability insurance benefits rise with previous earnings. Optimal insurance is incomplete even though disability risks are exogenous and verifiable so that moral hazard in...... disability insurance is absent. Imperfect insurance is optimal because it encourages workers to insure themselves against disability by working and saving more, thereby alleviating the distortionary impact of the redistributive income tax on labor supply and savings....

  5. Limited Deposit Insurance Coverage and Bank Competition

    Shy, Oz; Stenbacka, Rune; Yankov, Vladimir


    Deposit insurance designs in many countries place a limit on the coverage of deposits in each bank. However, no limits are placed on the number of accounts held with different banks. Therefore, under limited deposit insurance, some consumers open accounts with different banks to achieve higher or full deposit insurance coverage. We compare three regimes of deposit insurance: No deposit insurance, unlimited deposit insurance, and limited deposit insurance. We show that limited deposit insuranc...

  6. Challenges facing the insurance industry since the modernisation of the international nuclear third party liability regime

    The modernisation of international conventions governing third-party liability in the nuclear field is essentially an attempt to resolve certain shortcomings whilst setting out higher compensation sums and extending the cover for nuclear damage for which compensation is payable. The latest convention revisions occurred in 2004 and led to the adoption of protocols amending the Paris Convention on Third Party Liability in the Field of Nuclear Energy and the Brussels Convention supplementing the Paris Convention. However, the substance of the current regimes is largely the result of conventions drawn up in the 1960's and, in the eyes of the general public, the changes made in 2004 are mainly concerned with increasing the compensation sums. Despite the proposed increases in the compensation amounts, there is certainly no doubt that the potential costs of a major nuclear accident will not be fully covered by the revised Conventions. In other words, the actual compensation amount in the event of nuclear damage is quite low if we refer back to known events. By way of example, the direct cost of the Fukushima Daiichi nuclear power plant accident is estimated to be above EUR 100 billion according to different sources. The accident virtually bankrupted the Tokyo Electric Power Company (TEPCO) immediately after this event. The economic costs of the Chernobyl accident, however, are difficult to assess even now. But, according to various sources, the costs also exceed USD 100 billion. The Fukushima Daiichi and Chernobyl accidents share common characteristics. First, the amount of damage could have been even higher had the accident occurred close to major population centres or if the wind direction at the time of the accident had been different. Second, no compensation was provided by the insurance world. Further, these two accidents did not occur within the framework of the new amended conventions (the latest revision of the Paris Convention has still not taken effect). These

  7. Accident report 1975/76

    The statistics previously published on the development of accidents were completed. It is the purpose of this accident report: 1) to present a survey of the development of the number of accidents (no radiation accidents) for the years 1960 - 1976, 2) to break down the accidents by different characteristics in order to be able to recognize the preventive measures to be taken so as to avoid further accidents, 3) to report about accidents experienced and to indicate activities performed with respect to accident prevention and health protection. (orig.)

  8. Optimal Taxation and Social Insurance with Endogenous Private Insurance

    Chetty, Nadarajan; Saez, Emmanuel


    We characterize welfare gains from government intervention when the private sector provides partial insurance. We analyze models in which adverse selection, pre-existing information, or imperfect optimization create a role for government intervention. We derive formulas that map existing empirical estimates into quantitative predictions for optimal policy. When private insurance generates moral hazard, standard formulas for optimal government insurance must be modified to account for fiscal e...

  9. Claims prevention within home insurance : Insights from insurance customers

    Skorna, Alexander C.H.; Paefgen, Johannes; von Watzdorf, Stephan


    The recent economic crisis has speeded up the concentration process within the European insurance sector. However, nowadays customers are more price sensitive, which increases pressure for the whole industry and in consequence leads to further premium erosions. Thus, some insurers are seeking new ways to differentiate their portfolio by offering innovative insurance products combined with prevention activities to compete with a high value-added service strategy. The objective of this research...

  10. Database on aircraft accidents

    The Reactor Safety Subcommittee in the Nuclear Safety and Preservation Committee published the report 'The criteria on assessment of probability of aircraft crash into light water reactor facilities' as the standard method for evaluating probability of aircraft crash into nuclear reactor facilities in July 2002. In response to the report, Japan Nuclear Energy Safety Organization has been collecting open information on aircraft accidents of commercial airplanes, self-defense force (SDF) airplanes and US force airplanes every year since 2003, sorting out them and developing the database of aircraft accidents for latest 20 years to evaluate probability of aircraft crash into nuclear reactor facilities. This year, the database was revised by adding aircraft accidents in 2010 to the existing database and deleting aircraft accidents in 1991 from it, resulting in development of the revised 2011 database for latest 20 years from 1991 to 2010. Furthermore, the flight information on commercial aircrafts was also collected to develop the flight database for latest 20 years from 1991 to 2010 to evaluate probability of aircraft crash into reactor facilities. The method for developing the database of aircraft accidents to evaluate probability of aircraft crash into reactor facilities is based on the report 'The criteria on assessment of probability of aircraft crash into light water reactor facilities' described above. The 2011 revised database for latest 20 years from 1991 to 2010 shows the followings. The trend of the 2011 database changes little as compared to the last year's one. (1) The data of commercial aircraft accidents is based on 'Aircraft accident investigation reports of Japan transport safety board' of Ministry of Land, Infrastructure, Transport and Tourism. 4 large fixed-wing aircraft accidents, 58 small fixed-wing aircraft accidents, 5 large bladed aircraft accidents and 114 small bladed aircraft accidents occurred. The relevant accidents for evaluating

  11. Persistence of airline accidents.

    Barros, Carlos Pestana; Faria, Joao Ricardo; Gil-Alana, Luis Alberiko


    This paper expands on air travel accident research by examining the relationship between air travel accidents and airline traffic or volume in the period from 1927-2006. The theoretical model is based on a representative airline company that aims to maximise its profits, and it utilises a fractional integration approach in order to determine whether there is a persistent pattern over time with respect to air accidents and air traffic. Furthermore, the paper analyses how airline accidents are related to traffic using a fractional cointegration approach. It finds that airline accidents are persistent and that a (non-stationary) fractional cointegration relationship exists between total airline accidents and airline passengers, airline miles and airline revenues, with shocks that affect the long-run equilibrium disappearing in the very long term. Moreover, this relation is negative, which might be due to the fact that air travel is becoming safer and there is greater competition in the airline industry. Policy implications are derived for countering accident events, based on competition and regulation. PMID:20618386

  12. Management of severe accidents

    The definition and the multidimensionality aspects of accident management have been reviewed. The suggested elements in the development of a programme for severe accident management have been identified and discussed. The strategies concentrate on the two tiered approaches. Operative management utilizes the plant's equipment and operators capabilities. The recovery managment concevtrates on preserving the containment, or delaying its failure, inhibiting the release, and on strategies once there has been a release. The inspiration for this paper was an excellent overview report on perspectives on managing severe accidents in commercial nuclear power plants and extending plant operating procedures into the severe accident regime; and by the most recent publication of the International Nuclear Safety Advisory Group (INSAG) considering the question of risk reduction and source term reduction through accident prevention, management and mitigation. The latter document concludes that 'active development of accident management measures by plant personnel can lead to very large reductions in source terms and risk', and goes further in considering and formulating the key issue: 'The most fruitful path to follow in reducing risk even further is through the planning of accident management.' (author)

  13. Accidents with sulfuric acid

    Rajković Miloš B.


    Full Text Available Sulfuric acid is an important industrial and strategic raw material, the production of which is developing on all continents, in many factories in the world and with an annual production of over 160 million tons. On the other hand, the production, transport and usage are very dangerous and demand measures of precaution because the consequences could be catastrophic, and not only at the local level where the accident would happen. Accidents that have been publicly recorded during the last eighteen years (from 1988 till the beginning of 2006 are analyzed in this paper. It is very alarming data that, according to all the recorded accidents, over 1.6 million tons of sulfuric acid were exuded. Although water transport is the safest (only 16.38% of the total amount of accidents in that way 98.88% of the total amount of sulfuric acid was exuded into the environment. Human factor was the common factor in all the accidents, whether there was enough control of the production process, of reservoirs or transportation tanks or the transport was done by inadequate (old tanks, or the accidents arose from human factor (inadequate speed, lock of caution etc. The fact is that huge energy, sacrifice and courage were involved in the recovery from accidents where rescue teams and fire brigades showed great courage to prevent real environmental catastrophes and very often they lost their lives during the events. So, the phrase that sulfuric acid is a real "environmental bomb" has become clearer.

  14. Accidents, risks and consequences

    Although the accident at Chernobyl can be considered as the worst accident in the world, it could have been worse. Other far worse situations are considered, such as a nuclear weapon hitting a nuclear reactor. Indeed the accident at Chernobyl is compared to a nuclear weapon. The consequences of Chernobyl in terms of radiation levels are discussed. Although it is believed that a similar accident could not occur in the United Kingdom, that possibility is considered. It is suggested that emergency plans should be made for just such an eventuality. Even if Chernobyl could not happen in the UK, the effects of accidents are international. The way in which nuclear reactor accidents happen is explored, taking the 1957 Windscale fire, Three Mile Island and Chernobyl as examples. Reactor designs and accident scenarios are considered. The different reactor designs are listed. As well as the Chernobyl RBMK design it is suggested that the light water reactors also have undesirable features from the point of view of safety. (U.K.)

  15. 76 FR 45281 - National Flood Insurance Program (NFIP); Assistance to Private Sector Property Insurers...


    ... private insurance companies (Companies) and to make available to the Companies the terms for subscription... private insurance companies participating under the current FY2011 Arrangement. Any private insurance... SECURITY Federal Emergency Management Agency National Flood Insurance Program (NFIP); Assistance to...




    More than half of the world's old live in Asia, and around 35% in India and China alone. As demographic transition proceeds regionally and globally, the development of a robust and reliable longevity insurance market will become essential. Although the need for such insurance is most pressing in Asia, longevity risk is poorly managed practically everywhere. This paper reviews theory and practice relating to longevity risk and insurance, amid a rapidly changing demographic and policy landscape...

  17. Managing Risk with Crop Insurance

    Edwards, William M.


    Every year Iowa farmers face the threat of damage to their crops from drought, hail, flood, insects, and other natural disasters. The U.S.D.A. Risk Management Agency (RMA) and private crop insurance venders have developed a set of insurance programs to help control crop production risks at a reasonable cost. Crop insurance coverage is not mandatory, but it does provide a financial safety net in case of severe production losses.

  18. Should Governments Provide Catastrophe Insurance?

    Jaffee, Dwight; Russell, Thomas


    Hurricane Katrina and the terrorist attacks of 9/11 2001 have focused attention on the appropriate role of government in providing insurance against catastrophes. This paper argues that wherever possible governments should follow policies which enable the continuation of a private insurance market. In the event that government must itself provide catastrophe insurance it should follow the same actuarially based pricing and reserving rules that would be followed by a competitive private market.

  19. Insurance for autonomous underwater vehicles

    Griffiths, G; N Bose; Ferguson, J.; Blidberg, D.R.


    The background and practice of insurance for autonomous underwater vehicles (AUVs) are examined. Key topics include: relationships between clients, brokers and underwriters; contract wording to provide appropriate coverage; and actions to take when an incident occurs. Factors that affect cost of insurance are discussed, including level of autonomy, team experience and operating environment. Four case studies from industry and academia illustrate how AUV insurance has worked in practice. The p...

  20. Nuclear liability insurance. The Price-Anderson reparations system and the claims experience of the nuclear industry

    This article reviews nuclear liability legislation in the United States (Price-Anderson Act) and discusses the amount of nuclear liability insurance presently available as well as the plan proposed by the insurance pools which represents a fundamental change in the Price-Anderson indemnity programme. It also reports on the claims presented for the accident at Three Mile Island and contains tables which reproduce claims history in general and annual numbers of monitored onsite workers. (NEA)

  1. Reforming deposit insurance and FDICIA

    Robert A. Eisenbeis; Larry D. Wall


    Current discussions about deposit insurance reform center on issues such as the size of insurance premiums, the size of the fund, and the size of the coverage limits-all issues that reflect a concern with how to allocate the losses arising from bank failures. The authors of this article argue that such issues, while important, do not affect the performance of the deposit insurance system nor should they be the focus of deposit insurance reform. They suggest that reform efforts should be direc...

  2. The economics of health insurance.

    Jha, Saurabh; Baker, Tom


    Insurance plays an important role in the United States, most importantly in but not limited to medical care. The authors introduce basic economic concepts that make medical care and health insurance different from other goods and services traded in the market. They emphasize that competitive pricing in the marketplace for insurance leads, quite rationally, to risk classification, market segmentation, and market failure. The article serves as a springboard for understanding the basis of the reforms that regulate the health insurance market in the Patient Protection and Affordable Care Act. PMID:23206642

  3. Insurability of export credit risks

    Alsem, K.J.; Antufjew, J.; Huizingh, K.R.E.; Koning, Ruud H.; Sterken, E.; Woltil, M.


    Firms exporting their goods and services abroad face risks that are different from the risks faced by firms who do not engage in international trade. It is common practice to allow the receiving party to pay in instalments. The exporting firm faces credit risk, but as in most countries, Dutch firms can insure such risks. To some extent, such export credit risks can be insured on the private market. There are private insurance companies that insure short-term risks. On the Dutch market, Gerlin...

  4. Soviet submarine accidents

    Although the Soviet Union has more submarines than the NATO navies combined, and the technological superiority of western submarines is diminishing, there is evidence that there are more accidents with Soviet submarines than with western submarine fleets. Whether this is due to inadequate crews or lower standards of maintenance and overhaul procedures is discussed. In particular, it is suggested that since the introduction of nuclear powered submarines, the Soviet submarine safety record has deteriorated. Information on Soviet submarine accidents is difficult to come by, but a list of some 23 accidents, mostly in nuclear submarines, between 1966 and 1986, has been compiled. The approximate date, class or type of submarine, the nature and location of the accident, the casualties and damage and the source of information are tabulated. (U.K.)

  5. Accident resistant transport container

    Anderson, J.A.; Cole, K.K.

    The invention relates to a container for the safe air transport of plutonium having several intermediate wood layers and a load spreader intermediate an inner container and an outer shell for mitigation of shock during a hypothetical accident.

  6. Boating Accident Statistics

    Department of Homeland Security — Accident statistics available on the Coast Guard’s website by state, year, and one variable to obtain tables and/or graphs. Data from reports has been loaded for...

  7. Talking about accidents

    It is argued that the public's emotional fear of the hypothetical, very unlikely, gigantic nuclear accident is partly caused by the nuclear industry's incorrect use of language within its own professional discussions. Improved terminology is suggested. (U.K.)

  8. The National Insurance Academy: Serving India's Insurance Professionals and Researchers

    Sane, Bhagyashree


    This article discusses how a special library can meet the needs of a specific industry. The author focuses on India's National Insurance Academy (NIA) Library, which serves the insurance industry of India and some neighboring countries. It is where the author serves as the chief librarian.


    The Fatal Accident Reporting System (FARS) database consist of three relational tables, containing data on automobile accidents on public U.S. roads that resulted in the death of one or more people within 30 days of the accident. Truck and trailer accidents are also included.

  10. The Chernobyl accident

    In connection with the Chernobyl accident the report gives a description of the technical features of importance to the accident, the course of events, and the estimated health hazards in the local environment. Dissimilarities in western and Sovjet reactor safety philosophy are dealt with, as well as conceivable concequences in relation to technology and research in western nuclear power programmes. Results of activity level measurements of air and foodstuff, made in Norway by Institute for Energy Technology, are given