If the answer is yes, then the plaintiff will still be able to collect regardless of comparative negligence.Finally, there is the assumption of risk— one assumes risk by engaging in an activity that is inherently risky, and, therefore, should not be allowed to collect damages if an injury ...
In our setup, households face both aggregate and uninsurable idiosyncratic shocks in a context of borrowing constraints. We solve the model by using non-linear approximation methods for the stationary equilibrium and the economy dynamics. We find that the presence of interest rate risk and the ...
including where and how crops are grown, cities built, goods and services produced, supply chains organized, and other economic activities conducted. Such systems have been built on the assumption of a stable climate and, in the absence of an appropriate response, are clearly at ...
After the government created the FHA to reduce the risk to lenders and make it easier for borrowers to qualify for home loans, the homeownership rate in the U.S. steadily climbed, reaching an all-time high of 69.2% in 2004, according to research from the Federal Reserve Bank of St. Loui...
“All risk”policy(一切险保险单):All losses are covered except those losses specifically excluded. Coinsurance clause(共保条款):A coinsurance clause in a property insurance contract requires the insured to insure the property for a stated percentage of its insurable value. If the coinsurance requirem...
An FDIC insured account is a bank orthriftaccount covered by theFederal Deposit Insurance Corporation(FDIC), an independent federal agency responsible for safeguarding customer deposits in the event of bank failures. The maximum insurableamount in a qualified account is $250,000 per depositor, per ...
Previously, AIA A201–2007 11.3.1 required that builders risk insurance be maintained until final payment has been made or until no person or entity other than the owner has an insurable interest in the property, whichever is later. The problem with this language was that final payment on a ...
To answer this question, we use a dynamic stochastic general equilibrium model with risk-averse financial intermediaries, heterogeneous agents facing uninsurable idiosyncratic risk and a central bank that implements countercyclical policy using two instruments: short-term rates and reserve requirements. In ...
In our setup, households face both aggregate and uninsurable idiosyncratic shocks in a context of borrowing constraints. We solve the model by using non-linear approximation methods for the stationary equilibrium and the economy dynamics. We find that the presence of interest rate risk and the ...