Unfair claims practice is the improper avoidance of aclaim by an insureror an attempt to reduce the size of the claim. By engaging in unfair claims practices, an insurer tries to reduce its costs. However, this is illegal in many jurisdictions.1 Key Takeaways An unfair claims practice is w...
Collusion is a non-competitive, secret, and sometimes illegal agreement between rivals that attempts to disrupt the market'sequilibrium. The act of collusion involves people or companies that would typically compete against each other but who conspire to work together to gain an unfair market advanta...
abortion is murder and, therefore, an evil act is an example of the objectively given approach; the claim that pornography is an assault on womanhood itself, likewise, adopts the objectively given approach, the view that the evil is contained in the very nature of the act”.( Aguirre, 2007...
anarchy can refer to the reduction or total absence of conventional government rule. It can also refer to any country or community that is temporarily or permanently under no system of governmental control. For example,
help producers when authorities believe that prices are too low, leading to anunfair market. This can happen when, for example, large corporations lower prices to unsustainable levels. The large corporation can absorb the losses more easily than smaller companies, which are driven out of business....
Another pivotal moment came in 1993 with the establishment of the Hong Kong Securities Clearing Company, which introduceda central clearing and settlementsystem. The return of Hong Kong to Chinese sovereignty in the late 1990s marked a new chapter for the exchange. Far from diminishing its importanc...
(usually) with impaired health. The child’s action (for wrongful life) consists mainly of a claim that, but for the doctor’s negligence, it would not exist at all; the parents’ claim (for wrongful birth) is for pain and suffering and, most importantly, the extra costs of rearing ...