Crop insurance

2012) and Dercon, Hill, Clarke, Outes-Leon, & Taffesse ( 2014) both shed light on this subject in their anlalysis by providing theoretical models which aim to explain the mechanisms which govern the economic relationship between informal and formal insurance. Furthermore, the empirical research conducted in informal risk-sharing groups suggests that there exists a complementary relationship between formal index products and idiosyncratic risk-sharing, albeit using slightly different methodologies. Mobarak

Introduction: A great deal of attention has been paid to the establishment of an efficient credit market in the rural areas of developing countries over past few decades. This has been motivated by the fact that widespread shortage of finance can act as critical barrier to agricultural growth and development in rural areas. Lack of supply of credit can make adoption of new production technologies unaffordable to the farmers and delay the growth in agricultural sector. Accessing formal credit has

Micro insurance Dealing with risks such as health problems, loss of crops, loss of livestock, the death of a family member, loss of assets, income and employment is much harder by poor and low-income groups than others. Many poor households engage in activities which are smaller and bringing greater degree of risk and uncertainty and therefore likely scale financial risks and income. Every serious illness, every accident and every natural disaster threatens the existence of the poor and usually leads

focuses on the impacts and challenges of private insurance industry in growing weather- and climate-related disasters. Unsurprisingly, private insurance would avoid the financial loss and withdraw its coverage of vulnerable areas. However, insurance mechanism can bring various benefits in terms of loss and damage associated with natural disasters and increasing efforts for equity in the industry in the world. I shall illustrate the benefits of insurance mechanism and a wide range of activities that

effects( Hale, 2012, p 124) because there are these technologies in place people do not see the results of climate change and will continue to consume rather than reduce. There would be this “insurance” in place that could encourage behavior that is worse that it other wise could have been. “The risks with this insurance concept involving geoengineering is the fact that we do no know if there will be a payout or in which ways that it could hurt the insured.” (Jankunis, 2014) The Don Cherry analogy is one

Floods in Europe In February 1995 large areas of the mainland countries in Europe were deluged with water, and floods threatened the local people and towns. The River Rhine and its many tributaries burst their banks in France, Belgium, the Netherlands and Germany, Its tributaries include the rivers Meuse, Main Moselle and Ruhr. The floods were devastation to Europe, killing people and animals, and destroying farmland and building developments. If you had lived

Cat Insurance provides various forms of insurance to customers and dealers to help support the purchase and lease of the Company’s equipment. Its wholly owned subsidiaries include Caterpillar Insurance Company, which has the license to conduct property and casualty insurance business in 49 states and the District of Columbia; Caterpillar Life Insurance Company, which has the license to conduct life and accident and health insurance business in 26 states and the District

trouble with Catastrophe Bonds The article presents the difficulties insurance companies face when they are issuing catastrophe bonds. Do they efficiently hedge against large-scale disasters? It is very difficult hedging against catastrophic losses. Japan’s March earthquake, tsunami and nuclear disaster threat could cost the insurance industry between $21 and $34 billion. The catastrophe bonds are not helping much the insurance companies, although they were designed to do so. Catastrophe bonds have

illegal drug. The Americans with Disabilities Act states that a current user of an illegal drug is not qualified for disability, but the underlying condition may be a qualification (Marijuana Passes). By medical marijuana not being federally legal, insurance companies are not required to cover the medical marijuana. There is a grey area that can cause conflict for those patients who are unfit to work and are prescriped medical marijuana by their

Introduction Insurance in Kenya is known to have been in existence for over sixty years now with the first insurance companies believed to have been owned by British insurers during the colonial times. The industry is governed by the Insurance Act and regulated by the Insurance Regulatory Authority. The Insurance Regulatory Authority (IRA) was created by the Insurance (Amendment) Act of 2006 and came into operation on 1st May 2007. The Authority was established with the mandate of regulating, supervising