Pleases consider the following excerpt from a recent article…
Pleases consider the following excerpt from a recent article: The Baldwin Group CEO Trevor Baldwin said he recommends many of the brokerage’s high-net-worth clients to self-insure. Only individuals without mortgages can make that choice, however, and they are always advised to purchase liability insurance. “The reality is that insurance is necessary for the vast majority of Americans because their personal financial situation wouldn’t enable them to take that degree of financial loss,” Baldwin said. “To the extent you have the financial wherewithal to absorb the volatility, then the math would suggest, yes, you should generally self-insure.” Using lessons from our RFSE, please support Trevor Baldwin’s position (i.e., “To the extent you have the financial wherewithal to absorb the volatility, then the math would suggest, yes, you should generally self-insure.”) Hint: You might reflect upon our discussion of RFSE #7 #8 & #9.
Read DetailsOur discussion of RFSE #7 reviewed different types of compan…
Our discussion of RFSE #7 reviewed different types of companies with varying appetites for retaining risk. What type of company should consider lower levels of retention and higher levels of risk transfer? Motivate your response.
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