The unearned no claim bonus

Bonus? No, just an onus.

The Perils of Unearned Income

In addition to the internal risk of deposition, which is modeled using selectorate politics (Bueno de Mesquita et al. 2003), leaders risk being deposed by mass political movements such as revolutions. Leaders reward supporters with either public goods, which reward the whole of society, improve economic productivity, and increase the ability of revolutionaries to organize, or private goods. If ...

The purposes of impleader claim

Impleader claim is one of ancillary suits which permit to the parties to implead third person to the action and became that person one of parties. The Iran civil procedure code, unlike some other countries for example Lebanon no attention to purposes of Impleader claim and in Article 135 the subject is expressed in general terms. With attention to generally speaking of this Article and re...

Some pain, no gain: experiences with the no-claim rebate in the Dutch health care system.

To contain expenditures in an increasingly demand driven health care system, in 2005 a no-claim rebate was introduced in the Dutch health insurance system. Since demand-side cost sharing is a very controversial issue, the no-claim rebate was launched as a consumer friendly bonus system to reward prudent utilization of health services. Internationally, the introduction of a mandatory no-claim re...

When Inflation Causes No Increase in Claim Amounts

It is well known that when re insurance coverages involve a deductible, the impact of inflation of loss amounts is distorted, and the changes in claims paid by the re insurer cannot be assumed to reflect the rate of inflation. A particularly interesting phenomenon occurs when losses follow a Pareto distribution. In this case, the observed loss amounts those that exceed the deductible are identi...