NLIC.org

Ted Said:

Risk Management - EV Calculations - Project Mgmt?

We Answered:

Build a table

1,000,000 * .02 = 20000
1,000,000*.4*.08 = 32000
1,000,000*.20*.1= 20000

add = 72000
Then add on $300.
$72300

Shannon Said:

According to 0bamanomic theory, insurance premiums will decrease by 3000%. Can you show 0bama's calculations?

We Answered:

Just like you to take something out of context. He said it would decrease the employers cost of insurance for employees. For example say the employer pays $200 for the employees insurance, once Obama care goes into effect in 2020 the employer will only pay, well actually the insurance company will owe the employer $1,200 for each employee.

You see since the employer will no longer have to pay for the insurance, then they can hire more people or take that extra money and go to Vegas.


Guess you have something to say about the Cadillac we will also get.

The way you calculate this is cost of insurance times negative 3000%=BS

Amy Said:

Insurance fees miscalculated?

We Answered:

When you pay my the month, you ALSO have to pay a monthly installment fee.

Priscilla Said:

Do insurance companies take wildfire risk into account when calculating home premiums?

We Answered:

Yes. The calculation varies by company, but each company has a formula or a table that represents the various risks (including wildfire) to each area. Those that are riskier, such as being in an area with a wildfire risk, will likely pay higher premiums than an identical house in a low risk area.

The data for the formula comes from various sources, but is primarily based on the historical incidents of wildfire (and the extent of damage) in this area or is similar areas.

Vickie Said:

how many rate for insurance cargo that i want to export jam to venezuela?

We Answered:

Normally, the following information is required by insurance company in order for you to get a specific rate:

-Detail description about your jam
-Nature of packaging
-Exact voyage: e.g. exact place of departure and final destination
-Mode of transport: air, ship (name of carrying vessel if sea transport), etc.
-Date of departure and arrival of goods
-Value (RM) of goods
-Annual turnover
-Previous insurance company (if any)
-Previous insurance claim experience.

Marion Said:

Calculating an insurance premium?

We Answered:

Probably the best guide would be your teacher and the course textbook. With insurance what happens in the real world is seldom the same as what happens in the classroom.

To answer your question - there is no website to do these calculations. Each insurance company has their own proprietary system and well as many people which do this job.

Samuel Said:

What should I tell my insurance company my commute is?

We Answered:

You should tell them the truth. If you say you only drive five miles a day when you actually drive 40.....it could come back to haunt you. Some companies will cancel you if you are involved in an accident and your mileage at the time is way more than what it should be based upon what you told them you drive.