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Understanding Excess of Loss Reinsurance: Definition, Features, and Benefits

By Itho March 21, 2015

[ad_1] What Is Excess of Loss Reinsurance? Excess of loss reinsurance is a type of non-proportional reinsurance in which the reinsurer indemnifies–or compensates–the ceding company for losses that exceed a…

Understanding the Endowment Effect: Causes, Examples, and Impacts

By Itho February 27, 2015

[ad_1] What Is the Endowment Effect? The endowment effect is a psychological bias where ownership leads individuals to overvalue their possessions, often disregarding their market price. This cognitive flaw, rooted…

Discretionary Investment Management: Definition, Benefits, Risks & Services

By Itho October 28, 2014

[ad_1] What Is Discretionary Investment Management? Discretionary investment management is a service provided by a portfolio manager who makes investment decisions on behalf of an investor. The client and…

David Tepper: Early Life, Appaloosa, Investing in Debt

By Itho October 21, 2014

[ad_1] David Tepper is regarded as a prominent investor and hedge fund manager. In 1993, Tepper co-founded Appaloosa Management L.P. With a net worth exceeding $16.7 billion, David Tepper is…

Master Guide to Employers’ Liability Insurance: Definition, Coverage, & Limits

By Itho October 19, 2014

[ad_1] What Is Employers' Liability Insurance? Employers' liability insurance provides coverage to workers who have suffered a job-related injury, illness, or death and protects businesses from financial loss due to…

What Does Expiration Date Mean for Food and Prescription Drugs?

By Itho October 1, 2014

[ad_1] What Is an Expiration Date? An expiration date is the last day that a consumable product such as food or medicine will be at its best quality according to…