Insurance And Ethics
by: Joseph Kenny
Insurance contracts are often seen as a form of gambling. That is because they appear as a type of wager that takes place over the lifetime of the policy. Basically the insurance company is willing to bet that you and your property will not suffer the loss insured against. In exchange for making this bet, and taking on the risk, the receive your premium. If they win the bet, they keep the premium, if they lose, they make the payout. In this sense, they are often compared to a type of long term financial casino.
The difference between your premium amount, and the amount the insurance company will have to pay out if the loss occurs, is simply the odds the insurance company is getting for taking on the bet. It?s just like going to the horse races and betting on a horse that pays out 10 to 1.
This view of insurance has led to a number of people and religious communities disapproving of insurance because of its similarities to gambling. Among those groups that avoid insurance are the Amish and Muslim communities. What these people do instead is create a system of what is known as social insurance. What this means is that if there is a disaster and someone suffers a heavy loss, then the whole community will step forward and help them to deal with their loss and rebuild. While this system is very simple, it has the potential to be just as effective a safety net as insurance. However, it requires that the community actually does step forward and help those who suffer from disasters. This means that it is more successful in small closed and closely knit communities than in large modern societies.
Social insurance systems therefore are not always effective. Often the community that is supposed to adopt it is not suitable. Also, in very large disasters the system can break down as a small community will not be able to rebuild itself completely without outside assistance. This is why larger modern insurance systems can be more robust. However, in extremely large disasters, modern insurance systems can also run into difficulties. This is witnessed by the fact that it is impossible to insure against certain risks such as floods and earthquakes. This is because the damage would be simply on too large a scale for the insurance companies to cope with.
There are other ways in which insurance doesn?t follow the gambling model. For instance insurance companies seek to reduce the risk of the loss occurring constantly, for instance by requiring the installation of fire alarms, or by reducing the loss if the insured against event does occur, for example by providing rehabilitation to accident victims. Therefore insurance is like a gamble in the reward and risk elements, but other elements are different.
About The Author
Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/ where you will find information, news and links to the leading providers of car insurance in the UK
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The ?Keyword Relevance? Myth
The ?Keyword Relevance? Myth
by: Jim Pryke
You?ve probably heard the standard advice about keywords.. ?Find lots of keywords that are relevant to whatever you?re selling, get lots of traffic, and you?ll make lots of sales?. Sounds sensible, doesn?t it?
Unfortunately, it?s rarely that simple.
To make it clear why that is, let?s start with an extreme example. For a site selling horses, the phrase ?horse pictures? is clearly relevant. In many ways, it looks like an ideal phrase. It gets quite a lot of searches. There is very little competition in organic listings. You can get very prominent positions for this phrase cheaply on most pay-per-click search engines. But you are very unlikely to ever sell a horse using the phrase ?horse pictures.?
Why doesn?t the phrase ?horse pictures? generate sales? Because the people who type this phrase into the search engines are either the parents of children who want to look at pictures of horses or...
The ?Keyword Relevance? Myth
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What is a Secured Loan?
What is a Secured Loan?
by: John Mussi
A secured loan is simply a loan that uses your home as security against the loan. Secured loans are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured loan; or, have a poor credit history.
Lenders can be more flexible when it comes to secured loans, making a secured loan possible when you may have been turned down for an unsecured loan.
Secured loans are also worth considering if you need a new car, or need to make home improvements, or take that luxury holiday of a lifetime.
Benefits of secured loans include:
Lower monthly repayments than unsecured loans
The ability to borrow more money
Spread repayments over a longer period of time
More detailed information??
A secured loan is a type of loan available to people with securable assets. Usually these assets take the form of property, such as a home; this is why...
What is a Secured Loan?
Horse > What is a Secured Loan?
Diners - An American Icon
Diners - An American Icon
by: Barbara Wangelid
The definition of a diner is typically a narrow structure resembling a railroad dining car with the interior containing a service counter with stools for seating. Food preparation is along the back wall behind the counter.
History
The first "diners" back in the 1890's were horse drawn wagons on wheels that would park on the city streets and serve their meals similar to today's "fast food" concept.
By the 1920's, diners were manufactured as a permanent structure resembling the original wagon style. The style changed into a more streamlined appearance by the 1930's but business was not brisk until after the depression.
The demand increased after 1945 and spread to the midwest when there were a dozen diner manufacturers making the diners with many modern amenities including air conditioning, stainless steel exteriors and large windows. This surge lasted about 15 years until the advent...
Diners - An American Icon
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Mini-Guide to New Orleans, Louisiana
Mini-Guide to New Orleans, Louisiana
by: eTravelogue.com
Famous for its French Quarter and notorious for its Mardi Gras celebration, New Orleans is a veritable carnival of sensory delights. From music to food to atmosphere, New Orleans has become a cultural staple of the United States. The historic French Quarter offers cobblestone streets, horse-drawn carriages, and hotels that redefine the word 'elegance.' A stay at the luxurious Astor Crowne Plaza, among others, ensures that your visit includes a healthy dose of refined pampering, and if you're going to make the most of this city, you're going to need your rest! It's hard to find better music than New Orleans jazz, and the city makes sure that visitors have every opportunity to experience live concerts by renowned musical talents from across the land.
Preservation Hall, Donna's and the world-famous House of Blues showcase both local favorites and world famous bands on a regular basis. If...
Mini-Guide to New Orleans, Louisiana
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My Top 3 Betfair Trading Secrets
My Top 3 Betfair Trading Secrets
by: Sam Chim
Are you sick of losing your money on Betfair?
Over 80% Betfair Members LOSE money, are you one of them? If you are then I?ve got some good news for you. I?m going to share my top 3 Betfair Trading Secrets with you for free.
Before I share my secrets with you, I want to make sure that you are familiar with the term ?Betfair Trading?. This is when we do not just back or lay bets, we trade them??to GUARANTEE a profit. All you need to do is back at a high price and lay at a lower price on the same outcome in an event. If you want to learn more about this method, I recommend you to take a look at my website (provided below).
Now that I?ve got that out of the way, I?m assuming you know how to trade on Betfair now. Here are My Top 3 Betfair Trading Secrets:
Tip 1:
Study the market you are going to trade and stick with it until you completely ?master? it. For example, I specialise...
My Top 3 Betfair Trading Secrets
Horse > My Top 3 Betfair Trading Secrets
Diners - An American Icon
Diners - An American Icon
by: Barbara Wangelid
The definition of a diner is typically a narrow structure resembling a railroad dining car with the interior containing a service counter with stools for seating. Food preparation is along the back wall behind the counter.
History
The first "diners" back in the 1890's were horse drawn wagons on wheels that would park on the city streets and serve their meals similar to today's "fast food" concept.
By the 1920's, diners were manufactured as a permanent structure resembling the original wagon style. The style changed into a more streamlined appearance by the 1930's but business was not brisk until after the depression.
The demand increased after 1945 and spread to the midwest when there were a dozen diner manufacturers making the diners with many modern amenities including air conditioning, stainless steel exteriors and large windows. This surge lasted about 15 years until the advent...
Diners - An American Icon
Horse > Diners - An American Icon
How To Care For Your New Foal
How To Care For Your New Foal
by: Mark Andrews
You have waited eleven months for your foal to arrive. Now he is here what can you do to ensure he gets off to the best possible start in life?
Make sure that the foal sucks. A normal foal should stand and drink from the mare within two hours. If the foal is having difficulty sucking, or is not interested, he may have serious problems. Call an experienced horse vet sooner rather than later.
Colostrum, the first milk, is very important. It contains all the antibodies your foal needs to protect him from infectious disease. A foal needs between 1.5 - 2 litres of good quality colostrum. It is most important to make sure he gets enough.
If the foal won't suck you can collect some colostrum from the mare and give it by bottle. Or the vet can put it directly into the foal's stomach using a tube. Colostrum substitutes are available if the mare doesn't have any milk.
The foal's intestines...
How To Care For Your New Foal
Horse > How To Care For Your New Foal
A Publisher Wants My Book! Now What?
A Publisher Wants My Book! Now What?
by: Shalla de Guzman
SHALLA CHATS with author Michele Scott
?A Publisher wants my Book! Now what??
First off, who?s Michele?
Michele Scott writes two new mystery series coming soon to your local book stores, the Wine Lover?s and the Quarter Horse Mystery Series.
She started writing seriously in 1991 and after 12 years and almost as many manuscripts, finally got the call.
She majored in journalism at USC but always knew from the time she was a little girl that she wanted to write fiction.
She lives in San Diego with her husband and three children.
She grew up in San Diego where her family raises Quarter Horses and she worked in the wine industry for a period, all the time working on her writing.
Shalla: Michele got the call last year and now her first book, MURDER UNCORKED, comes out May.
Hi Michele, do you mind if we jump straight into the technicalities?...
A Publisher Wants My Book! Now What?
Horse > A Publisher Wants My Book! Now What?
Jewelry
Jewelry
by: Rachana Agarwal
Words fail where jewelries are concerned. Beautiful, lively and glittering stones when binds together in a row leaves an unimaginable impression. It is not only an accessory but a mirror reflection to the personality of a person as it depicts the preferences, nature and style of an individual. Make sure you wear jewels and metals which suits your personality.
Derived from a French word called ?jouel? in 13th century, the word...
Insurance And Ethics Horse
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Planning For A Baby Shower
Planning For A Baby Shower
by: Maria Frost
Who doesn?t get excited when a baby is on its way? Aside from their caring mothers, everyone in the family gets that certain thrill. Welcoming yet another being in this beautiful world comes with a certain joy. So how else can you celebrate a soon-to-be-child arrival? Have a blast with a baby shower party.
Planning a baby shower can be really fun. You can create your own party as you wish. You can either go traditional...
Insurance And Ethics
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It's Spring - Time for a Compensation Program Tune Up
It's Spring - Time for a Compensation Program Tune Up
by: Michael Maciekowich
It's Spring - Time for a Compensation Program Tune Up
Now that winter has passed, the annual ritual of spring cleaning is in full swing. Spring cleaning is more than cleaning the windows and clearing the cobwebs that hid in the corners during the winter. ?Spring is a time to take a serious look at your compensation program and begin planning for the next budget cycle. Depending...
Insurance And Ethics spring break Horse It's Spring - Time for a Compensation Program Tune Up
Horse > It's Spring - Time for a Compensation Program Tune Up
Unsure About LASIK? Alternatives to LASIK Surgery
Unsure About LASIK? Alternatives to LASIK Surgery
by: Nicola Kennedy
It?s true that LASIK is one of the most prevalent types of eye surgery. However, a few people are either not comfortable with, or not suitable for LASIK surgery due to inadequate thickness of the corneal tissue. There are several alternatives to LASIK surgery, each possessing certain characteristics that make it more appropriate in a particular situation. The procedures may be different, but...
Insurance And Ethics Horse
Horse > Unsure About LASIK? Alternatives to LASIK Surgery