... Introduction 3 1.1 Objectives of the study 3 1.2 Methodology used in the study 4 1.3 Limitations of the study 5 Chapter 2: Introduction of flood insurance 6 Flood insurance 7 Chapter 3: Origin of flood insurance 8 Chapter 4: Necessity of flood insurance 10 Flood insurance eligibility 11 Top misconceptions about flood insurance: 12 Chapter 5 : Flood insurance(usa) 14 5.1: Overview 14 5.2: Development of flood insurance in usa & concern laws 16 5.3: Standard flood insurance policy 20 5.4: Terms & conditions 22 5.5: Criticism 28 5.5.1: Hurricane Andrew – 1992 28 5.5.2: Hurricane Katrina – 2005 28 Chapter 6: First flood insurance program 30 Chapter 7: Current overview of flood insurance in bangladesh 33 Chapter 8: Comparative analysis on flood insurance perspective between bangladesh and usa 36 Chapter 9: Conclusion 43 Bibliography 44 Chapter 1 Introduction Chapter 1: Introduction 1.1 Objectives Of The Study * a brief knowledge about flood insurance. * describing the flood insurance in respect of usa. * describing the flood insurance in respect of bangladesh. * scope of flood insurance. * comparative analysis between usa and bangladesh over flood insurance. * 1.2 Methodology Used In The Study ------------------------------------------------- Outline Of Methodology methodology for this study regarding the tax situation in bangladesh...
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...ADDITIONAL NOTE ON PROGRESSIVE CASE (TO BE CONSIDERED FOR CASE ANALYSIS) In March 2000 Progressive began to offer a new product: homeowners insurance. Made available first in an Arizona pilot, the program was extended to Michigan in October 2000, Maryland in January 2001, and Illinois in September 2001. Marketed initially through specially selected and trained independent insurance agents, Progressive’s homeowners policies were eventually to be\ offered, along with its primary product, auto insurance, through the company’s two direct channels, its 800-number and web site. Many consumers sought the convenience of bundling auto and homeowners insurance rather than dealing with separate companies for each policy. Some insurers even offered discounts to customers who consolidated their coverage. Progressive executives thus viewed homeowners insurance as a natural extension of the company’s auto-insurance product suite. In 1997 Progressive ran a trial partnership in Ohio with Travellers Casualty, a major player in homeowners insurance, whereby consumers were offered homeowners quotes when they called for auto insurance. By 2000, Progressive had decided to offer its own homeowners product. 2 The product was launched slowly in select states. The move into homeowners seemed an obvious choice for Progressive. The data-driven company had success in providing auto insurance rates that more accurately (and less expensively) reflected individual consumers’ coverage needs. Cross-selling to...
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...I.INTORDUCTION 1. History, Ownership, Management, Culture, Organizational Structure FPD Asia Property Services, Inc. trails back its history in 1990 when it was first established by a Hong Kong-based group as First Pacific Davies Property Management, Inc., the first company to introduce the concept of professionalizing property management in the Philippines. In 2000, the company merged with Savills, a UK-based property services group, and became FPDSavills. In 2005, the company became a wholly-owned Filipino company and became what it is known today – FPD Asia Property Services, Inc. In accordance with our ISO 9001:2008 and 14001:2004 certifications, FPD Asia adheres to its Quality, Environmental, Health & Safety Policy — In fulfilment of the vision to be the premier property services company in the Philippines, FPD Asia Property Services, Inc. is committed to provide client satisfaction while promoting a green environment in a healthy and injury-free workplace. Thus, we shall be: * Focused in fulfilling the needs of our present and future clients by providing high quality and cost-effective property and facilities management services in accordance with international standards; * Persistent in promoting, establishing and maintaining the QEHS management system by continually reviewing the set objectives, targets, and programs while complying with applicable legal and other requirements; and * Diligent in communicating this policy, applicable QEHS systems...
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...on July 12, 1974 as Ayala Fund, Inc., a closed-end investment company. In March 1986, it was renamed SM Fund, Inc. after the SM Group of Companies took ownership of the company. After which, it stayed as an investment company that managed its investment thru diverse businesses in the country. In May 1996, SM Fund, Inc. was again renamed to SM Development Corporation to better state its new business of property development, whose focus is primarily to enter into the opportunities of the real estate industry. The paper aims to provide a comprehensive analysis on SM Development Corporation’s industry as one of the leading property development companies in the Philippines. Currently, the company is at full-swing with their openings of new condominiums for students, vacationers and business people depending on its location. SMDC has proven to be able to respond to buyers their locations are friendly to their target market and their price range is more affordable while amenities are not constrained. In order for the company to keep its head above their competitors, strategic management should be done. In line with this, the paper will be focusing on details such as the SWOT analysis, financial analysis and the different matrices used to evaluate the industry’s environment using the company’s chief executive officer’s point of view. TABLE OF CONTENTS ACKNOWLEDGEMENTS INTRODUCTION I. EXTERNAL ENVIRONMENT ANALYSIS A. Definition of the Industry B. Analysis of Present Task Environment...
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...Housing in the USA Americans are a mobile nation. The average owner stays in a house only five years, before moving somewhere else. Due to low interest rates, the majority of families in the USA own their own homes. Usually these are separate houses with yards. Houses in US are still very inexpensive compared to Europe. There is a dark side to families moving so much, and such distances. Family ties are not nearly so strong in the US as in other countries. Some parents and grown children living on opposite coasts may only visit each other twice a year. LIVING IN THE CITY Groups of owned apartments in one building (called “condominiums“ or “condos“) are not so popular as in the rest of the world. Usually they only are common in downtown areas. They are popular with people who want to buy their own home but don’t want to maintain a yard or a garden. Condominiums often have a lot of communal amenities, such as laundry room, swimming pools and fitness rooms. Young people, especially when they are single, normally can’t afford to buy a house or a condo right away. They usually live in rented apartments. There are apartments in older buildings, especially in big cities, but there are also a lot of modern apartment complexes. These apartments are almost always furnished, usually very nicely. AMERICAN HOUSES Houses vary greatly, but the dominant style of the last 30 years has been the ranch-style house. Houses are usually made of wood and built by carpenters. In the southern states...
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...THE FUTURE OF FORECLOSURE LAW IN THE WAKE OF THE GREAT HOUSING CRISIS OF 2007-2014 Clinical Professor of Law Notre Dame Law School Judith Fox 54 WASHBURN L. J. (forthcoming, 2015) Notre Dame Law School Legal Studies Research Paper No. 1504 A complete list of Research Papers in this Series can be found at: http://www.ssrn.com/link/notre-dame-legal-studies.html This paper can be downloaded without charge from the Social Science Research Network electronic library at http://ssrn.com/abstract=2573203 Electronic copy available at: http://ssrn.com/abstract=2573203 The Future of Foreclosure Law in the Wake of the Great Housing Crisis of 2007-2014 Judith Fox* ABSTRACT As 2014 came to an end so, perhaps, did the worst foreclosure crisis in U.S. history. On January 15, 2015, RealityTrac, one of the nation’s leading reporters of housing data, declared the foreclosure crisis had ended. Whether or not their declaration proves true, the aftermath of the crisis will be felt for years to come. During the crisis it is estimated more than five million families lost their homes to foreclosure. Federal, state and local responses to the crisis changed laws and perceptions regarding foreclosure. Despite these changes, we end the crisis much the way we began---with a nationwide foreclosure system mistrusted and disliked by lenders and consumers alike. This paper examines the responses to the crisis in an effort to determine what worked, what did not, and where foreclosure law should...
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...associated with drug addiction. Jerome Jaffe suggested 3 personality features characteristic of marijuana users: Non-conventionality, open to new experiences, and lower rates of conventional achievement value. Basically, the psychological theory explains that drug use and abuse begins because of the unconscious motivations within all of us. We are not aware of these motivations, not even when they manifest themselves. So, there are unconscious conflicts and motivations that reside within us as well as our reactions to early events in our lives that move a person toward drug use and abuse. The motivations for drug use are within us, and we are not aware of them, nor are we aware that those are the reasons we have chosen to turn to drugs. In this case, the person may be weak or without self-esteem or even see themselves in the opposite manner, as all-important. Drug use then becomes a sort of crutch to make up with all that is...
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...customers with a poor credit history or no credit history without any security in return of the money lending. Subprime lending encompasses a variety of credit instruments, including subprime mortgages, subprime car loans, and subprime credit cards, among others. A subprime loan is offered at a rate higher than A-paper loans due to the increased risk. Subprime lenders To access this increasing market, lenders often take on risks associated with lending to people with poor credit ratings or limited credit histories. Subprime loans are considered to carry a far greater risk for the lender due to the aforementioned credit risk characteristics of the typical subprime borrower. Lenders use a variety of methods to offset these risks. In the case of many subprime loans, this risk is offset with a higher interest rate or various credit...
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...THE JOURNAL OF BEHAVIORAL FINANCE, 11: 82–91, 2010 Copyright C The Institute of Behavioral Finance ISSN: 1542-7560 print / 1542-7579 online DOI: 10.1080/15427560.2010.481981 Psychological and Cultural Factors in the Choice of Mortgage Products: A Behavioral Investigation Masaki Mori International University of Japan Julian Diaz III and Alan J. Ziobrowski Georgia State University Nico B. Rottke European Business School Using data from three countries that differ economically, culturally, and geographically, this study examines the role of Prospect Theory’s reflection effect, a psychological factor, in combination with Uncertainty Avoidance (UA), a cultural factor, on the choice of mortgage products. Experiments were conducted using business professionals in the United States, Germany, and Japan. The results suggest that risk-averse people tend to become more risk seeking, leaning more toward adjustable-rate mortgages (ARMs) when choosing a mortgage type, and that this psychological effect may underlie the mortgage choices of people who tend to choose ARMs, even across countries with different cultures. Keywords: Adjustable-rate mortgage, Fixed-rate mortgage, Prospect theory, Uncertainty avoidance, Experiment INTRODUCTION In terms of household risk management, the choice of a residential mortgage is one of the most significant decisions to make. At the end of second-quarter 2005, the value of outstanding U.S. residential mortgages was $8 trillion, 65% of the...
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...Research Plan I. Title: Research plan to an area in UK which has potential to become gentrified. II. Investigators Kaie-Liis Asu III. Introduction and goal of the Project This research will be concentrating on using gentrification indicators as a framework to examine and analyse changes to predict the gentrification within community neighbourhoods, to find a solution for an investment company to find an area, which has a potential to become gentrified. The objectives of this programme is to establish and point out the factors influencing gentrification within any town in the world, in this case in United Kingdom, that may be going through gentrification process – changes that result when wealthier people acquire or rent property in low income and working class communities (Grant, 2003). The research needs to be carried out to establish what factors cause gentrification, to examine demographic shifts, how to control gentrification etc...There are two wider areas with main issues that we need to be concentrating, when researching gentrification: Production-supply of 'gentrifiable' property; the workings of housing and land markets; spatial flows of capital and the 'rent-gap'; role of public and private finance; 'uneven development' (Slater, 2000). Consumption- The characteristics of the 'pool of gentrifiers'; 'new middle-class' ideology; consumer demand and consumption practices; (counter) cultural politics; the roles of race, gender and sexuality; education, occupational...
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...Easy Green Home Services Submitted to Professor Conrad L. Boyle Submitted by: Team 1 Lauren Dwyer Manual Roman Bernardo Roschke Eric Schmutz Gregory Slate University of Maryland/University College AMBA 603 Table of Contents Executive Summary 4 Market Needs 5 Market Demographics 5 Market Trends 5 Market Growth 7 Macroenvironment 7 Mission 8 Product Offering 8 Positioning 8 SWOT Summary 9 Strengths 9 Weaknesses 9 Opportunities 10 Threats 10 Direct Competition 11 Indirect Competition 11 Value Proposition 11 Critical Issues 12 Financial Objectives 12 Marketing Objectives 13 Target Market Strategy 14 Messaging 15 Branding 15 Product Marketing 16 Pricing 18 Advertising 19 Public Relations 19 Direct Marketing 20 Service 20 International Markets 20 Implementation Schedule 21 Break-Even Analysis 21 Sales Forecast 21 Expense Forecast 22 Linking Expenses to Strategy and Tactics 22 Contribution Margin 22 Implementation 23 Keys to Success 23 Contingency Planning 24 Appendices 25 References 41 Executive Summary The popularity of eco-friendly living continues to gain popularity across America. Practicing conservation living also known as "Low Impact Living" or "Going Green" is a concept that has encouraged the development of thousands of products and services geared towards energy efficiency, recycling, alternative power sources, and life-style changes. More Americans are willing to make investments...
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...Letter box From Wikipedia, the free encyclopedia Jump to: navigation, search This article is about boxes for depositing letters. For video framing, see letterbox. For the type of interprocess communication, see MailSlot . A mail slot letterbox, located in the middle of the door. A letter box, letterbox, letter plate, letter hole, mail slot, or mailbox is a receptacle for receiving incoming mail at a private residence or business. For the opposite purpose of collating outgoing mail, a post box is generally used instead. A cast-iron mail slot letter box Letterboxes or mailboxes consist of four primary designs: • A slot in a wall or door through which mail is delivered (through-door delivery) • A box attached directly to the house (door-to-door delivery) • A box mounted at or near the street (curbside delivery) • A centralised mail delivery station consisting of individual mailboxes for an entire building • A centralised mail delivery station consisting of individual mailboxes for multiple recipients at multiple addresses in a particular neighborhood or community Contents [hide] • 1 Styles and usage • 2 Letter box standards and construction o 2.1 Europe o 2.2 Canada o 2.3 United States o 2.4 Environmental considerations • 3 History o 3.1 Europe o 3.2 North America • 4 Recent developments o 4.1 Europe o 4.2 North America • 5 References • 6 See also [edit] Styles and usage A mail slot (American and Canadian usage) or letterbox (British usage)...
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...asset categories, which class has the greatest aggregate market value? d. Nongovernment real estate 6. Storm water drainage systems are best described as: b. Improvements to the land 7. What is the single largest asset category, in terms of value, in the portfolio of the typical U.S. household? a. Housing 8. Real estate markets differ from other asset classes by having all of the following characteristics except: d. Homogeneous product 9. Which of the following is not important to the location of commercial properties? c. Access to schools 10. Which of the following attributes of a home are the most difficult to observe and value? c. location attributes ------------------------------------------------- Study Questions 1. The term real estate can be used in three fundamental ways. List these three alternative uses or definitions. Solution: Real estate is most commonly defined as land and any improvements made to or on the land, including fixed structures and infrastructure components. The term is also used to describe the “bundle of rights” associated with the ownership and use of the physical characteristics of space and location. Finally, real estate may be described as the...
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...Guam, American Samoa, 3 Canada, 4 New Zealand, 5 Australia, 6 and England. 7 In the United States, it is committed by organized international and domestic rings, 8 street gangs, 9 terrorists, 10 drug traffickers, 11 real estate agents, 12 closing attorneys, 13 appraisers, 14 mortgage brokers, 15 The targeted victims distinguish mortgage fraud from predatory lending. In predatory lending cases the borrower is victimized by the illegal practices of the lender or its agents with respect to fees and disclosures relating to the cost of the loan. It is unfortunate that the media, consumer activists, legislators and law enforcement personnel frequently conflate mortgage fraud with predatory lending since it adds unnecessary confusion to an already complex issue and diverts attention and badly needed resources from the fight against true mortgage fraud. 2 The average “take” on a bank robbery is approximately $3,000.00. By contrast, the average straw borrower receives a “cut” of at least $10,000 and the orchestrator’s “take” in a mortgage fraud transaction frequently exceeds $100,000. In a few cases the orchestrator’s take was in excess of $1 million dollars, and in one, the perpetrator, who later fled the country, received $7 million in “profit” from the same-day flip of a mansion. 3 Financial Crimes Enforcement Network, “Mortgage Loan Fraud: An Industry Assessment Based on Suspicious Activity Report Analysis,” November 2006 at 10. http://www.fincen.gov/news_room/rp/reports/pdf/mortgage_fraud112006...
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...SECURITY PROVIDER IN GREENFIELD CITY, STA. ROSA CITY, LAGUNA A Thesis Presented to The Faculty In Partial Fulfillment of the Requirements for the Degree Bachelor of Science in By March 2014 ACKNOWLEDGMENT The researcher would like to thank the following individuals and organizations for making this thesis possible. His instructor, Mr. , for refreshing the researchers’ minds regarding the value of research; The JANTRO Security Agency, for their assistance in the providing the data for this research; The librarians, for the use of available materials related to the study; Their loving friends and classmates, for their continued support and guidance; More importantly to the ABSOLUTE SPIRIT, who is the source of his constant inspiration, knowledge and wisdom. The Researcher Chapter 1 INTRODUCTION Background of the Study Security is essential for both residential property and commercial property in this day and age – and many people are turning to security guards. Security guards are not police, they work for private companies, usually to provide 24/7 protection of assets, and occasionally, people. They are able to focus their entire effort to this task, as they are not patrolling, checking drivers for various infractions or anything else that police do. Businesses would be wide open to criminal activity without security officers, because there would be little protection from the police. Security officers are citizens...
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