Insurance is a way to spread the risk and costs associated with an accident. Today insurance is a little more complex but the basic principle of sharing the risk is still there. The people behind the scenes who calculate risks are called underwriters and it is there job to determine who are...
How does a CLUE report affect your insurance rates? Insurers use CLUE reports to determine how likely it is that a claim will be filed in the future. A CLUE Property report will include prior losses from previous owners of a home while CLUE Auto will do the same for a used vehicle. Acc...
Car insurance rates can be determined by a variety of factors. Read on to learn more about some of the criteria that could impact your rate.
A taxpayer's effective tax rate is the average rate at which their income is taxed. Although taxpayers use tax tables to determine their tax liability, these tax tables lack several important pieces of information. First, effective tax rates are a blend of all the rates across a tax ...
Insurance companies are all about risk assessment. The higher the risk, the higher the premiums. Still, there are ways to lower your premiums. One way is tobundle your insurance. For example, if you have your auto, home, and life insurance policies with one company, then you’ll probably...
Although there are a variety of different factors that affect interest rates, the movement of the 10-year Treasury bond yield is said to be the best indicator to determine whether mortgage rates will rise or fall. But why? Well, even though most mortgages are packaged as 30-year products, ...
Life insurance companies in 2023 faced increased insurance liability reserves due to declining interest rates, significantly impacting their profits. The "big six" life insurers drove most of the over 130 billion yuan in net profits, while many smal...
Your effective tax rate is the percentage of your taxable income you pay in taxes – essentially an average of the various rates at which your income is taxed. You can calculate the rate using only your federal tax liability, but experts say it’s wise to add in state and local taxes t...
CDs are considered safe investments because when you opt to open a CD at a bank or credit union that’s insured by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Association (NCUA), they’re considered deposit accounts which means they’re covered up to $250 “Just...
To determine benchmark gains and losses, we match our sample with the FX spot and one-year forward rates corresponding to the particular reporting dates in the appropriate currency, obtained from Bloomberg. Further, we match firm characteristics as controls, obtained from the Compustat Global ...