Retirement System

Retirement System Every U.S. citizen is insured against old age, and if an insured event occurs (the general rule of thumb is reaching age 65), he or she may qualify for a pension. Let’s review the main points about the U.S. state pension program, as well as the nuances of private pension insurance. How pensions…

Liability & Collision Damage Waiver

Car Insurance The system that is already familiar to drivers applies here: liability insurance and car damage insurance Consider what conditions are necessary to obtain a car insurance policy, and which are essential: For people over the age of 25, insurance will cost significantly less. This is because most car accidents in America are committed…

Deposit insurance

The need for deposit insurance is due to the frequent bankruptcies of banking institutions. The system is aimed at compensating for lost savings of depositors, as well as for losses of the banks themselves. Despite the fact that the need for such a system is obvious, it operates only in 70 countries of the world,…

Insurance requirements

  Insurance requirements To gain this advantage, member banks must comply with certain liquidity and reserve requirements. Banks are classified into five groups according to their risk-based capital ratio : Well capitalized: 10% or higher Sufficiently capitalized: 8% or higher Undercapitalized: less than 8% Significantly undercapitalized: less than 6% Critically undercapitalized: less than 2% When…

Flood Insurance

  Flood Insurance The homeowners and renters insurance described above usually does not cover flood damage in any way. That’s why the National Flood Insurance Program is in place in the United States to reduce the impact of flooding on homeowners and renters. The memory of Hurricane Sandy in 2012 is still fresh in the…