Advantages And Disadvantages Of Employees

Besides the product and geographical focus, Progressive also emphasizes on strengthening the relationship with the over 14,000 agents to distribute its products and services. By discipline pricing, Progressive demands adequate rates to achieve underwriting profitability and is willing to forego volume if necessary to achieve profit objectives. It is committed to set individual rates more accurately than the competitors. In addition, they will promptly respond to claims reported by local claim adjusters, which deliver effective control of the claim resolution process.

In many of the contracts between private prisons and the state, prisons actually get a guarantee that their prisons will be filled up which mean more money to the company. In the Public Interest, an organization dedicated to high quality accurate research for the public, analyzed 62 contracts from private facilities and found that 41 of the contracts contained quotas. These quotas were occupancy requirements that the

Private prisons use a system known as an occupancy requirement. Such is a case in which a private company requires a state to keep a prison the company owns filled with a minimum percentage of inmates. This policy is made to stand no matter how crime in the state may fluctuate. Occupancy requirements are common practice within the private prison industry. In the Public Interest group reviewed 62 private prison contracts. The group found that 41 of those contracts included occupancy requirements that demand local or state government must keep the prisons between 80 to 100 percent full. According to the report all the big private prison companies such as CCA, GEO Group, and the Management and Training Corporation try to include occupancy

C. Ramifications: The consequences of captivity is not limited to only mental or physical illness, it can also be fatal.

The final factors that need considering in this account is the effect all of the above has on the security in prisons. Prisoners breaking out of prison are seen as causing massive problems. This is relatively non-existent in prisons today, since 1995/1996 there has been no escape from prisons (NOMS annual report 2011: 5). This means that in terms

Several states across the Country have enacted or attempted to enact legislation which can enable detention of a prisoner past his/her release date. This type of legislation’s general purpose is to provide a mechanism whereby prisoners who, if released pose an unacceptable risk of

A 2014 U.S. National Research Council reports discovered that in 2012, around one-fourth of the world's whole detained populace was housed in the United States. On a normal, 1 in every 100 Americans are in detainment facilities (Freudenberg, Daniels, Crum, Perkins, & Richie, 2005). One correctional facility practice has come under contemplation in recent years because of the separation of prisoners into special management for the purposes of severe punishment. It is commonly known as solitary confinement, segregation, isolation, and special management. This practice frequently involves sending prisoners in small, confined (precisely a box) for months, or even years. Long-haul detainment as an option apparently is more sympathetic sentence for detainees who have carried out terrible wrongdoings, and may not be considerably more caring than capital punishment. Turns out that keeping prisoners imprisoned in isolation for long-haul sentences can have genuinely harmful impacts on prisoners.

I. The first problem with private prisons is inherent in the phenomenon itself (McMahon, 1997, p. 116).

A few detainees require specialized curriculum that isn't accessible in a few penitentiaries or correctional facilites. Since the individual carried out the wrongdoing they don't merit exclusive lodging. Congestion conditions can prompt expanding brutality. Due to a lot of detainees and a substantially littler measure of gatekeepers they have a feeling that they are losing control of the jail. In packed penitentiaries the possibility or strikes, suicides and mental issue.

Prison reforms are necessary to better the conditions for prisoners to enable the creation of an efficient and reliable correctional system. In reforming the prison system, it is essential for alternatives to incarceration to be explored (UNODC). There has been a sizeable escalation in the number of individuals serving prison sentences in American prisons. In fact, America has the world’s highest number of incarceration cases with over 2.2 million Americans in prison. The increased number of inmates has resulted in unprecedented congestion in prisons. Further, the available funds from state governments have been significantly outstretched by the expanded penal system.

The want to maximize profits by cutting corners - at the expense of safety and decent conditions - contributes to higher level of danger in private prisons

business of insurance. But the lack of uniformity, loop holes, blind spots and deficiencies within

Prisoners whose freedom are taken away often being exploited by those who lock them away. As Davis points out in her book, “by 1888 all of Alabama’s able male prisoners were leased to two major minor companies…” (Davis 35-36). According to the author, the leasing of the male prisoners is the way that the government and the companies that lease use to make profit. The prisoners’ labor is being taken advantage by those who want to invest in business but ignoring capital investment.

Inhumane treatment of inmates and poor living conditions seem to be reoccurring issues within the private prison system. Oddly enough the United States government continues to allow the privatizing of prisons when as it stands private companies already owned and/or operate over more than half of the U.S correctional facilities (Mason , 2010). Privatization of prisons was initially expected not only relieve the overcrowding of prisons but also to house inmates for a lesser cost. Yet until this day there is no tangible evidence that private prisons have met these goals. It seems that time and time again private prison companies are costing society much more than they are helping while simultaneously exploiting inmates to make a greater profit. It is evident that the privatization of prisons has created a multi-billion dollar industry at the expense of taxpayers and with the enslavement of prisoners.

There have been a number of proposed and upcoming changes to GAAP and solvency reporting standards in the US, Canada and Europe in recent years. In particular, significant efforts have been made to increase convergence between US GAAP and IFRS. The following report discusses the pros and cons of convergence between standards in different jurisdictions, as well as convergence between GAAP and solvency standards, in relation to insurance contracts. Here, the term ‘GAAP’ refers to financial reporting for investors, shareholders and creditors. Solvency standards refer to the regulatory requirements imposed on insurers. The jurisdictions discussed have been limited to those in which The Greatest Life Insurance Company operates in: namely, the US, Canada and Europe.