Explain the commercial insurance principle

Assignment Help Business Management
Reference no: EM133143711

https://www.reuters.com/article/us-ethiopia-airplane-insurance/insurers-face-large-claims-after-second-boeing-737-max-crash-idUSKBN1QS1D8

Can anyone help me answer the following questions based on the article in the link above:

1. Based on the article, identify and explain the commercial insurance principle which bestows on Ethiopian Airline the responsibility of paying the initial insurance payout to families of the victims of the air crash?

2. Based on the article, identify and explain the principle which allows Ethiopians Air line insurer the legal right to recoup the money they paid to families of the air crash victims from Boeing insurer?

Reference no: EM133143711

Questions Cloud

Identify three different groups of people : Feedback is a powerful tool in the workplace or life in general. Identify three different groups of people that can provide you with feedback.
MARK1149 Direct and Digital Marketing Strategy Assignment : MARK1149 Direct and Digital Marketing Strategy Assignment Help and Solution, University of Greenwich - Assessment Writing Service
What is the value of the stock : Winters Inc., a golf club manufacturer, is currently paying dividends of $2.75 per share. These dividends are expected to grow at a 18% rate for the next four y
Describe three personal performance standards : Identify and describe three personal performance standards that relate to you in your workplace or a workplace with which you are familiar.
Explain the commercial insurance principle : 1. Based on the article, identify and explain the commercial insurance principle which bestows on Ethiopian Airline the responsibility of paying the initial ins
Why do firms more diverse shareholder bases typically pay : Why do firms with more diverse shareholder bases typically pay higher dividends than private firms or public firms with more-concentrated ownership structures
Examples of communication protocols : Give at least three examples of communication protocols and the way they can be adapted to suit various contexts.
Creating a competitive advantage : Explain what a company's highest priority should be when creating a competitive advantage?
What is an example of a competitive advantage : What is an example of a competitive advantage that is created by using information technology? In your opinion, what are the ethical

Reviews

Write a Review

Business Management Questions & Answers

  Business revenue and profit growth by managing innovation

Write examples of how Trinity Solar supports business revenue and profit growth by managing innovation. Write about different types of innovation.

  What are the legal types in germany for a company

What are the legal types in Germany for a company and some of their characteristics. It would be the equivalent to sole proprietorship, partnerships, and so on in the United States

  What is the amount of information transmitted

Suppose that the variable has standard deviation n and that the true value is transmitted with noise of standard deviation 1.   -What is the amount of information transmitted?

  How the pandemic has affected businesses

The Covid-19 global pandemic has affected our society in far-reaching ways. Explain how the pandemic has affected businesses specifically in regards to their us

  Cash cow quadrant of bcg matrix

Question 1:- Describe reasons of why the products fall in the Cash Cow quadrant of BCG matrix?

  Opinion of change within an organization

We all have heard about the small but powerful book about change "Who Moved my Cheese" and how people respond differently to change. What is your opinion of change within an organization and how can safety culture truly be changed and sustained?

  Protections for equal opportunity during recruitment

1. Explain why employers might be concerned about ensuring protections for equal opportunity during recruitment, in particular. 2. Describe how the recruitment environment is regulated, by both statutes and common law.

  How the creative commons can be used by an organization

Provide an example of how the Creative Commons can be used by a particular organization to build a more equitable, accessible and innovative world.

  How are moral integrity and ethical behavior the same?

How are moral integrity and ethical behavior the same? How do they differ?

  Describe employees moral obligations to the firm

"What moral obligations, if any, do employees have to the people with whom they work?" Describe "employees' moral obligations to the firm".

  Distinguish among warehouses

Distinguish among warehouses, distribution centers, and cross-docking facilities.

  The bush administration called it the global war on terror

The Obama administration called it the Overseas Contingency Operations. Regardless of the title, how should the US define "victory" in this effort?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd