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An economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify.
A speculative bubble (also called a financial bubble or an economic bubble) exists in the event of large, sustained overpricing of some class of assets. [8] One factor that frequently contributes to a bubble is the presence of buyers who purchase an asset based solely on the expectation that they can later resell it at a higher price, rather ...
Asset price inflation is the economic phenomenon whereby the price of assets rise and become inflated. A common reason for higher asset prices is low interest rates. [ 1 ] When interest rates are low, investors and savers cannot make easy returns using low-risk methods such as government bonds or savings accounts.
This is called double indemnity coverage and is often available even when accidental death insurance is merely an add-on to a regular life insurance plan. Some of the covered accidents include traffic accidents , exposure, homicide , falls, heavy equipment accidents and drowning .
In the United Kingdom, the Insurance Fraud Bureau estimates that the loss due to insurance fraud in the United Kingdom is about £1.5 billion ($3.08 billion), causing a 5% increase in insurance premiums. [11] The Insurance Bureau of Canada estimates that personal injury fraud in Canada costs about C$500 million annually. [12]
Aviation accident report, an official report by a national aviation authority regarding an aviation incident or accident; Security incident report, a report used to keep track of thefts, losses and other types of security events; Vehicle accident report or accident report form, a report about a traffic collision. Some jurisdictions mandate each ...
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Under non-proportional reinsurance the reinsurer only pays out if the total claim(s) suffered by the insurer exceed a stated amount, which is called the "retention" or "priority". For instance the insurer may be prepared to accept a total loss up to $1 million, and purchases a layer of reinsurance of $4 million in excess of this $1 million.