Self insurance

Self insurance[Insurance]

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Name：PS2 Tiger Woods PGA Tour 2006 Catalog:Video Games Release:20 September, 2005 Manufacturer:Electronic Arts SalesRank:34 Usually ships in 1-2 business days In most of the reviews I keep hearing how they should have made 06 like 05. I'm glad they didn't. 2006 has challenged me like no other golf game ever. Come on I was shooting on average scores of 20 under par in 2005. What fun is that. there's no challenge at all. They did good in making 2006 feel more like the real thing. I'm not saying TW06 is perfect because it's not. It's confusing at first to realize where to go to start playing. The load times are pretty bad, and there are some nasty bugs that should hgave been fixed before release. The worst one forced me to to retake my second shot over and over again because i couldn't make it over the water. It wouldn't let me pick anything than wedges. It did the same thing to my computer opponent. That's only happened once but it is still pretty bad. Wityhout that one bug it would be a much better game. I haven't played online yet, but it seems like everyone else thinks it sucks. If you want a good golfing sim, it is worth it if ! you can get over some of the flaws. CustomerReview by amazon

Self_insurance Self insurance is a risk management method whereby an eligible risk is risk management#Risk Retention|retained, but a calculated amount of money is set aside to compensate for the potential future loss. The amount is calculated using actuarial and insurance information and the law of large numbers so that the amount set aside (similar to an insurance premium) is enough to cover the future uncertain loss. Self insurance is similar to insurance in concept, but it does not involve paying a premium to an insurer.Self insurance is only possible for a truly insurable risk, meaning a risk that is measurable enough in the aggregate to be able to accurately estimate the amount that needs to be set aside. For a risk to be insurable, it must have a few characteristics, one is essentially needs to involve a large number of similar risks, so that the aggregate risk can be measured according to the law of large numbers. The other quality of an insurable risk is that it must not be cat! astrophic. Any risk where the potential loss is so large that no one could afford to pay the appropriate premium is not insurable. An example is that earthquakes cannot be fully insured against because an earthquake can cause more damage than any insurer has in total assets, and the proper premium would be so high, very, very few consumers could afford it.Full self insurance is rarely done. Usually a portion of the risk is retained and self insured, and a stop loss or stop gap policy is purchased with very high limits, and very high deductibles. This stop loss policy does not pay until the high deductible is satisfied which is relatively rare, so the stop loss coverage is relatively inexpensive.Examples of full self insurance occur for various types of employee benefits insurance for corporations with many thousands of employees. Hundreds of thousands of employees is a large enough pool to be able to calculate the risk accurately and fully self insure in some cases.The! idea of self insurance is that by retaining, calculating risk! s, and p aying the resulting claims or losses, the overall process is cheaper than could be done by paying an insurance company to do it, because the company self insuring does not have to pay the profit component to the insurer.Self insurance does not work for individuals because individuals rarely have enough money to set aside to cover a potential future loss, and even if they did, they do not have a large enough number of similar potential risk exposures to spread the risk across and quantify it. For individuals the answer is either purchasing insurance, or retaining the risk. quote Wikipedia - Article - History - License:GFDL

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