Where is Team USA Insurance located. What types of insurance does Team USA Insurance offer. How can customers contact Team USA Insurance for quotes or claims. What are the benefits of choosing Team USA Insurance as your provider.
Team USA Insurance: Your Trusted Insurance Partner in Miami
Team USA Insurance is a reputable insurance agency located at 18518 W Dixie Hwy in Miami, Florida. As a local insurance provider, they offer a wide range of coverage options tailored to meet the diverse needs of Miami residents and businesses. Their strategic location in the heart of Miami allows them to serve clients efficiently and effectively.
Location and Accessibility
Situated on West Dixie Highway, Team USA Insurance is easily accessible to residents throughout Miami-Dade County. Their office location provides convenient access for clients seeking personalized insurance solutions. The agency’s presence in this bustling area of Miami underscores their commitment to serving the local community.
Comprehensive Insurance Solutions for Miami Residents
Team USA Insurance offers a diverse portfolio of insurance products designed to protect individuals, families, and businesses in Miami. Their comprehensive coverage options cater to various aspects of life and commerce in the vibrant city of Miami.
Personal Insurance Options
- Auto Insurance
- Homeowners Insurance
- Renters Insurance
- Life Insurance
- Health Insurance
- Disability Insurance
Business Insurance Solutions
- Commercial Property Insurance
- General Liability Insurance
- Workers’ Compensation Insurance
- Professional Liability Insurance
- Business Interruption Insurance
- Cyber Liability Insurance
Can Team USA Insurance provide specialized coverage for Miami’s unique risks? Indeed, they offer tailored policies that address specific concerns such as hurricane protection, flood insurance, and coastal property coverage, which are particularly relevant to Miami’s geographic location and climate.
Expert Guidance and Personalized Service
At Team USA Insurance, clients receive more than just insurance policies; they benefit from expert guidance and personalized service. The agency’s team of experienced insurance professionals works closely with each client to assess their unique needs and develop custom insurance solutions.
Benefits of Choosing Team USA Insurance
- Local Expertise: Deep understanding of Miami’s insurance landscape
- Personalized Approach: Tailored policies to fit individual needs
- Multilingual Staff: Serving Miami’s diverse population
- Claims Assistance: Support throughout the claims process
- Regular Policy Reviews: Ensuring coverage remains appropriate over time
How does Team USA Insurance stay competitive in the Miami insurance market? By continually updating their product offerings, leveraging technology for efficient service, and maintaining strong relationships with top-rated insurance carriers, Team USA Insurance remains at the forefront of the local insurance industry.
Navigating Miami’s Unique Insurance Challenges
Miami’s distinctive climate, coastal location, and diverse economy present unique insurance challenges. Team USA Insurance specializes in addressing these specific needs, offering solutions that other generic insurance providers may overlook.
Climate-Related Coverage
Given Miami’s susceptibility to hurricanes and flooding, Team USA Insurance provides specialized coverage options to protect against these natural disasters. They offer comprehensive flood insurance policies, often excluded from standard homeowners insurance, and hurricane protection plans tailored to Miami’s specific risk profile.
Coastal Property Insurance
Insuring coastal properties in Miami can be complex due to the increased risk of storm damage and erosion. Team USA Insurance has developed expertise in navigating these challenges, offering tailored policies that provide adequate protection for beachfront homes and businesses.
Do coastal property owners in Miami face higher insurance premiums? While premiums for coastal properties can be higher due to increased risk, Team USA Insurance works diligently to find cost-effective solutions, including mitigation measures that can help reduce premiums.
Supporting Miami’s Diverse Business Community
Miami’s vibrant and diverse business community requires specialized insurance solutions. Team USA Insurance caters to a wide range of industries, from small startups to large corporations, offering customized coverage to protect against various business risks.
Industry-Specific Coverage
- Hospitality Insurance: Tailored for Miami’s thriving tourism sector
- Marine Insurance: Supporting Miami’s bustling port and maritime industries
- Technology Sector Insurance: Protecting Miami’s growing tech startups
- Real Estate Insurance: Comprehensive coverage for Miami’s dynamic property market
How does Team USA Insurance address the evolving needs of Miami’s business community? By staying abreast of industry trends, regulatory changes, and emerging risks, the agency continually adapts its offerings to provide relevant and effective coverage for Miami’s diverse business landscape.
Customer-Centric Approach to Insurance
Team USA Insurance prides itself on its customer-centric approach, putting clients’ needs at the forefront of their service model. This commitment to customer satisfaction sets them apart in Miami’s competitive insurance market.
Accessibility and Communication
The agency emphasizes clear, transparent communication with clients. They offer multiple channels for customer interaction, including in-person consultations, phone support, and digital platforms. This multi-faceted approach ensures that clients can access support and information in the manner most convenient for them.
Educational Resources
Understanding the complexities of insurance can be challenging. Team USA Insurance goes beyond selling policies by providing educational resources to help clients make informed decisions about their coverage. These resources include:
- Regular workshops on insurance topics
- Online guides and FAQs
- Personalized insurance consultations
- Newsletters with updates on insurance trends and regulations
How does Team USA Insurance ensure that clients understand their coverage? By offering clear explanations of policy terms, providing detailed breakdowns of coverage options, and encouraging clients to ask questions, the agency empowers its customers to make well-informed insurance decisions.
Technology Integration for Enhanced Service
In keeping with Miami’s reputation as a forward-thinking city, Team USA Insurance leverages cutting-edge technology to enhance its service offerings and streamline the insurance process for clients.
Digital Policy Management
Clients of Team USA Insurance benefit from digital policy management tools that allow for easy access to policy documents, online claims filing, and real-time policy updates. This digital approach not only enhances convenience but also aligns with Miami’s tech-savvy population.
Data-Driven Risk Assessment
The agency utilizes advanced data analytics to conduct thorough risk assessments, enabling them to offer more accurate and competitive pricing for their insurance products. This data-driven approach allows for the development of highly tailored insurance solutions that precisely match each client’s risk profile.
Does the use of technology compromise the personal touch in insurance services? On the contrary, Team USA Insurance uses technology to complement their personalized service, freeing up time for their agents to focus on building relationships and providing expert advice to clients.
Community Involvement and Local Partnerships
As a Miami-based insurance agency, Team USA Insurance is deeply committed to the local community. Their involvement extends beyond providing insurance services, encompassing various community initiatives and partnerships.
Local Outreach Programs
The agency actively participates in local outreach programs, including:
- Disaster preparedness workshops for Miami residents
- Sponsorship of local sports teams and community events
- Partnerships with Miami-based charities and non-profit organizations
- Educational seminars on financial literacy and risk management
Collaboration with Local Businesses
Team USA Insurance collaborates with other local businesses to strengthen Miami’s economic fabric. These partnerships often result in special insurance packages or discounts for members of partner organizations, providing added value to the Miami business community.
How does Team USA Insurance’s community involvement benefit its clients? By deeply engaging with the Miami community, the agency gains invaluable insights into local needs and challenges, allowing them to develop more relevant and effective insurance solutions for their clients.
Continuous Adaptation to Miami’s Evolving Insurance Landscape
The insurance needs of Miami residents and businesses are constantly evolving, influenced by factors such as climate change, economic shifts, and technological advancements. Team USA Insurance demonstrates a commitment to staying ahead of these changes, continually adapting their services to meet emerging needs.
Emerging Risk Coverage
As new risks emerge in the Miami area, Team USA Insurance is quick to develop corresponding coverage options. Recent additions to their portfolio include:
- Cybersecurity insurance for Miami’s growing tech sector
- Environmental liability coverage for businesses adapting to climate change regulations
- Specialized insurance for the sharing economy, including short-term rentals and ride-sharing services
Regulatory Compliance and Policy Updates
The agency maintains a proactive approach to regulatory changes affecting the insurance industry in Florida. They regularly update their policies and practices to ensure compliance with new regulations, providing clients with peace of mind and up-to-date coverage.
How does Team USA Insurance anticipate future insurance needs in Miami? By closely monitoring local and global trends, engaging with industry experts, and maintaining open dialogues with clients, the agency positions itself to anticipate and address emerging insurance needs effectively.
In conclusion, Team USA Insurance stands as a pillar of support for Miami’s diverse population, offering comprehensive insurance solutions tailored to the unique needs of the city’s residents and businesses. Their combination of local expertise, personalized service, technological integration, and community involvement makes them a trusted partner in navigating the complex world of insurance in Miami, Florida.
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Liberty Mutual Insurance: Team USA Fan Engagement
In celebration of Liberty Mutual’s sponsorship of Team USA for the Olympic Games Rio 2016 and U.S. judo gold medalist, Kayla Harrison, the Community Management team launched a campaign to participate with fans during the biggest event of the summer. Liberty Mutual Insurance has the unique value proposition of insuring all medals won by Team USA at the Olympic Games Rio 2016, which gave the brand an interesting message to share. Text and Visual Responses and Surprise and Delight packages were used to interact with fans to promote the sponsorship and build brand relationships.
Using the insight that there would be an enthused social media fan base for Kayla’s fans, as well as Team USA fanatics, Liberty Mutual developed a 360 degree activation to engage and delight fans.
This Community Management strategy would expand upon the integrated marketing campaign across broadcast and digital, while also conversing with the social media audience less aware of the company’s sponsorship.
The goals for this specific program were to:
- Drive awareness of Liberty Mutual’s sponsorship of 1.) Team USA, and 2.) company sponsored athlete, two-time U.S. judo gold medalist Kayla Harrison
- Reinforce Liberty Mutual’s value proposition that we insure the medals won by Team USA at the Olympic Games Rio 2016
- Increase engagement on our social media channels around the Olympic Games Rio 2016
Identify the Right Conversations
Aligned to Liberty Mutual’s integrated marketing campaign for the Olympic Games Rio 2016, the Community Management team identified conversation trends to connect with relevant audiences. The 3 conversation buckets identified were:
1. Team USA Fans
2. Sponsored Athlete Kayla Harrison Fans
3.
Digital Activation Video Commenters
The team increased the number of comments to interact with by implementing a Social Listening strategy. These refined searches sorted the high volume to find relevant Twitter conversations not mentioning the brand. This strategy created awareness and engagement with Team USA and Kayla Harrison fans unfamiliar with Liberty Mutual’s sponsorship.
Engagement Tactics
1. Text Responses
The Community Management team created a catalog of responses for engaging with consumers. These responses were approved by Kayla Harrison and the U.S. Olympic Committee and included celebratory tweets, questions about insuring the medals, and PR inquiries.
2. Visual Responses
To instigate a personalized conversation, the team created a library of visual response templates. These templates included imagery and copy options to be used depending on the topic of the fan’s tweet. Fans of Kayla Harrison received images to cheer her on before her medal round.
Tweets supporting Team USA received an image of a shining medal with relevant copy. These personalized images led to multiple engagements with the brand and sharing of the content.
3. Surprise & Delight Packages
A Surprise & Delight program was implemented to generate fan excitement and positive sentiment. Liberty Mutual curated two packages of swag to mail to positive social engagers. Package #1 curated for Team USA fans included a T-shirt, hat, earbuds, water bottle, tote bag, and an exclusive Liberty Mutual pin. Package #2 was customized for supporters of sponsored athlete, Kayla Harrison, including an autographed T-shirt, water bottle, and pin. Each package contained a handwritten note to each recipient, signed by a Community Manager.
With approved outreach and background research on users, the team was able to quickly send out packages throughout the two week period and create positive sentiment about Liberty Mutual’s sponsorship.
The Surprise & Delight program received great feedback from consumers, thrilled to receive swag for their engagement.
Recipients of the Kayla Harrison box posted selfies of their autographed shirts, thanking Liberty Mutual and tagging Kayla to wish her good luck or celebrate her victory. Team USA fans shared similar excitement, taking lay-down shots of their gear or sharing a selfie in their t-shirt. The personalized note cards led to tweets thanking the Community Managers, such as “Huge shout out and thanks to Melissa and @LibertyMutual for hooking me up with some Team USA swag”. Messages came in publicly and privately, grateful for their fan gear.
During the Olympic Games Rio 2016, the Community Management team sent out over 500 replies and received 61% unique engagement (at least one Like, Reply, or Share on the reply) and 105% total engagement (total number of Likes, Replies, or Shares on the reply) on the public responses published. Our Olympic Games Rio 2016 engagement received two times more engagement than other sponsorship activation efforts of the current year.
Visual Responses proved to be a strong asset for increasing our engagement, with a 128% total engagement rate.
Of the 132 visual responses published during the two-week activation, 63% received engagement. Fans responded positively to the visual responses personalized to their fan base, resulting in 95% positive sentiment when they replied back to the images.
The team mailed out 53 Surprise & Delight packages in a two week period, with 66% of the recipients returning to social channels to share a photo or thank you upon receiving the package. Fans were overwhelmingly positive in their response, returning to social in a public or private setting to reach back out to Liberty Mutual to thank them for their fan gear. This Surprise & Delight program over-performed compared to an established benchmark of 41%.
Club Insurance | USA Cycling
Whether you’re out for a casual Sunday coffee ride or the fast paced Wednesday night drop ride, protect your club with our competitively priced Club Liability Insurance, exclusive to USA Cycling clubs.
Why do clubs need General Liability Insurance?
General Liability coverage is issued to protect the club against liability claims for hurting someone physically or causing property damage to others outside of the club for which the club could legally be responsible for causing the accident.
This includes all cycling related club activities such as:
- award banquets
- meetings
- approved fundraisers
- club rides (club rides must not have any fees associated with them)
The current policy runs from December 31, 2020 through December 30, 2021. There is no limit to the number of rides or activities throughout the policy term.
Terms
For the club to be eligible, the USA Cycling Club Insurance Application must accurately reflect the number of all club members (not just members with a USA Cycling race license). Every club member must sign a waiver before participating in a club activity.
Waivers only need to be signed once by every member in each policy term. A new waiver is required every year, or for each policy term. Digital waivers are acceptable. We offer a sample waiver to get you started. We provide the sample for guidance and informational purposes only. We highly suggest final wording should be reviewed by your club’s legal representatives.
Exclusions include trail construction and maintenance as well as any ride or race that charges a fee. USA Cycling sanctioned events – such as clinics, fun rides and races are inherently insured under the event itself and not included in this policy. Other notable exclusion include: Abuse and Molestation and Participant vs. Participant claims. See more details of the policy in the Club Insurance Application.
Directors and Officers Liability Insurance
Directors and Officers Liability protects club directors & officers from personal liability associated with their wrongful acts, and omissions in the performance of duties for the Club. Directors’ and Officers’ services to the club are generally considered to be rendered in a fiduciary capacity. This is a separate policy. Find more information here: D&O Insurance.
Excess Participant Accident Coverage
Another optional coverage for USA Cycling Clubs is Excess Participant Accident Coverage for your club activities.
This policy provides excess medical expense coverage once a member’s personal health insurance has been used or exhausted. This policy can also provide Accidental Death and Dismemberment coverage if desired. If you would like a quote for this separate policy please contract Kim Horn at [email protected] or 1-800-530-4809 ext. 3650.
USA Softball Insurance | Risk Placement Services
RPS Signature Programs has been the insurer of USA Softball, the national governing body for softball, for over 55 years.
USA Softball offers recreational, league, tournament and National Championship play. They are one of the nation’s largest and fastest growing sports organizations and sanctions competition in every state through a network of state and metro associations.
RPS Signature Programs gives softball teams, players, coaches, umpires, camps, clinics and tournaments the comprehensive softball insurance they need.
USA Softball Insurance Coverages
- General liability insurance (including participants liability insurance)
- Accident medical coverage
General Liability Insurance Coverage for USA Softball Events
The USA Softball Tournament/Clinic Liability Insurance Plan provides protection for lawsuits and court judgments that may result from bodily injury and property damage claims arising out of your USA Softball Sanctioned Tournament or Clinic operations, and is underwritten by Markel Insurance Company, Rated A by A.
M. Best. The policy includes Participants Liability insurance, which is one of the most important aspects of Liability coverage for sports organizations.
· Liability per occurrence | $2,000,000 |
· Aggregate per location | $5,000,000 |
· Personal injury/advertising injury | $2,000,000 |
· Products/completed operations | $2,000,000 |
· Sexual abuse liability per occurrence | $2,000,000 |
· Sexual abuse liability aggregate | $2,000,000 |
· Damage to premises rented | $1,000,000 |
· Med pay to others (non-participants) | $10,000 |
Who is Covered Under the USA Softball Policy?
- Tournament or clinic organizers
- Tournament or clinic officials
- Participating teams or players
- Individual team members
- Field owners (as additional insureds, if requested)
- Tournament or clinic sponsors
Accident Medical Insurance Coverage for USA Softball Event Participants
Under the USA Softball Tournament/Clinic Accident Insurance Plan, coverage extends to covered injuries incurred by Tournament participants while practicing or playing in Tournament games.
For Clinics, coverage applies to participants while taking part in clinic activities at the designated clinic site. There is no coverage for travel or off-premises activities under this plan.
·Policy Limits | |
· Accident medical | $250,000 per claim |
· Accidental death | $5,000 |
· Accidental dismemberment | $10,000 principal sum |
· Chiropractic & physical therapy | $2,500 ($100 per visit) |
· Durable medical equipment | $1,000 |
· Deductible per claim | $500 for youth / $500 for adults |
· 90/10 % coinsurance | |
· 52 week benefit period |
This policy is written on an Excess basis, which means that the policy is secondary over any other valid and collectible insurance or healthcare plan that you may have.
Thus, you need to submit your expenses to your own healthcare plan first, for this policy to consider your claim. If you have no other coverage in force, this policy will pay your claim as primary, subject to the deductible and other policy terms.
The policy only covers medical and dental expenses, which are incurred during the Benefit Period (within 52 weeks of the date of injury).
Tournament & Clinic Insurance Information
Tournaments and clinics must be USA Softball approved or USA Softball sanctioned by your local USA Softball Commissioner to be eligible for this insurance program.
The enrollment form must be signed by a USA Softball Commissioner in order to bind coverage.
Coverage goes into effect as of the date the Tournament or Clinic starts, provided that the enrollment form and full premium are received by RPS Signature Programs prior to the start date.
You can purchase the General Liability and Accident Insurance either separately or as a package.
Coverage automatically extends to make-up dates caused by weather, but no refunds are allowed for this program.
How the USA Softball Program Can Help Your Clients
RPS Signature Programs’ team of industry experts can take on the most complex client needs with our exclusive programs offering specialized coverage for niche risks, including the unique exposures of USA Softball.
JO Team Insurance Plan – FAQ : RPS Bollinger
Your Current Location in the Site
What Does The USA Softball Liability Policy Cover?
This policy protects you from lawsuits arising out of bodily injury or property damage to others as a result of your supervised USA Softball Team activities.
What Does The USA Softball Accident Policy Cover?
This policy provides coverage for medical expenses that you incur as a result of your USA Softball Team’s activities. The policy provides up to $250,000 in Accident Medical Expense protection, subject to a deductible and 90/10% coinsurance.
Treatment and medical expenses are covered for 52 weeks from the date of injury. This is a supplemental policy purchased by the USA Softball for the benefit of its members to help minimize your out of pocket expenses if you are injured playing softball. The coverage is subject to the limits, conditions and exclusions of the policy and is not designed to cover “everything.”
Why Does My Team Need Both Liability and Accident Insurance?
Because you will then cover the two major exposures that threaten softball teams and leagues:
1. Lawsuits from injured spectators and players; and
2. Medical Expenses that result from injuries to players on your team.
What Proof of Coverage Will I Receive When I Buy Team Insurance?
You will receive a certificate of insurance for your team or league, which will be sent to you promptly after RPS Bollinger receives your completed enrollment form and check or you can order online and pay with a credit card.
When is My Insurance Effective?
Coverage goes into effect the day after the postmark on your enrollment form and valid check. If paying by credit card, coverage is in effect the day after your credit card is approved.
Who Can Purchase Team Insurance?
Only Teams and Leagues that are currently registered with USA Softball for the current year are eligible to buy the USA Softball Team Insurance Plan.
How Do I Register My Team/League With USA Softball?
Contact your local USA Softball Commissioner to register. You can obtain your local commissioner’s name and phone number from the USA Softball National Office (405-424-5266) or from RPS Bollinger (800-446-5311) or visit the USA’s Softball website at www.USASoftball.com.
How Many Teams Are Needed to Qualify For The Reduced League Rates?
To qualify for the League Rates, ALL TEAMS in your league must purchase insurance (with a minimum of four teams).
Can Only One Individual Team in a League Buy Insurance?
Yes. However, individual teams must pay a higher rate than teams in a fully insured league. Individual Teams are not eligible for the League Rates and must use the “Single Team” Rate. In addition, if not all of the teams in a league purchase USA Softball insurance coverage, then the league is not an insured entity.
Does Liability Insurance Cover The Players and Coaches on Our Team?
Yes. If an individual team member or coach is sued because of bodily injury or property damage to others arising out of your team or league’s activities, they will be covered under the Liability policy.
Will Liability Insurance Cover Team Members Preparing The Field Before a Game?
Yes. If a participant is injured while preparing the field, such as lining or raking, and the injury is caused by the negligence of the team or league, then coverage applies; but only if the field preparation is incidental, such as lining or raking , and only if it is done immediately before a game.
If our league hosts a tournament, are we covered?
If the teams are within your league and the league is 100% insured with USA Softball, then the tournament is covered, as are your interests as the tournament sponsor. However, if the teams are outside your league, you will need to purchase the USA Softball Tournament insurance for the event.
Are Fundraisers Covered by The Team Liability Insurance?
Yes. Fundraising activities, award dinners and team meetings are covered. Fundraisers must be usual, non-hazardous and incidental, such as bake sales and raffles. Activities such as carnivals, fireworks or bungee jumping would not be covered. There is no liability coverage for the serving or selling of alcoholic beverages.
Are Opposing Teams Covered Under Our Team Insurance?
No. Your Team is covered if the opposing team sues you or your team or league for injury to one of their players.
The opposing team or their activities are not covered by your Team Insurance.
Will Liability Insurance Cover Concession Stands?
Yes. The policy covers liability arising out of the operation of concession stands if the concession stand is operated by the insured when your team is playing softball. Note: There is no coverage for the sale, distribution or consumption of alcoholic beverages or for Worker’s Compensation claims. (Please note National Concessionaires cannot be named as additional insured).
Can I Add an “Additional Insured” to My Liability Insurance Coverage?
Yes. If a field owner or municipality requires that you add them as an additional insured, you may do so at no additional charge.
Are All Star Teams Covered by The Team or League Insurance Plan?
No. All Star Teams are not covered under individual team policies. All Star Teams may be covered under league policies if the All Star players all come from the insured league and play a limited schedule.
However, if the All Star Team registers separately with USA Softball, then that team must purchase a separate policy.
What if I’m in a Hurry and Need a Certificate Today?
For immediate service, you can purchase the USA Team insurance on-line, where you will be able to print your own certificate(s) upon acceptance of your credit card transaction. Or, RPS Bollinger can process your rush order for a charge of $25 per certificate.
Are Any Other Insurance Coverages Available to USA Leagues?
Yes. See our “Optional Insurance Plans for USA Leagues” brochure for Directors & Officers Liability, Crime Insurance and Equipment coverage for your league.
Insurance and Financial Services Company – Nationwide
Are you a Nationwide member?
Check out some of the services and benefits available to you.
Walter Payton NFL Man of the Year Award
Walter Payton NFL Man of the Year Award presented by Nationwide
Representing the best of the NFL’s commitment to philanthropy and community impact, this award recognizes players for their excellence on and off the field. Each year, 32 players are selected as their team’s Man of the Year and become eligible to win one of the league’s most prestigious awards. Nationwide has proudly sponsored the Walter Payton NFL Man of the Year Award since 2014.
Protecting what’s most important
We’ve grown from a small mutual auto insurance company, owned by policyholders who spent their days farming in Ohio, to one of the largest insurance and financial services companies in the world.
Today we still answer to our members, but we protect more than just cars and Ohio farmers. We’re a Fortune 100 company that offers a full range of insurance and financial services across the country. Including car, motorcycle, homeowners, pet, farm, life and commercial insurance. As well as annuities, mutual funds, retirement plans and specialty health services.
We’ve served generations. Protecting what’s most important. Let us do the same for you.
On-the-go access
Nationwide mobile app
Pay your bill
View your policies
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Scan this QR code to download the app!
[1][*] Average annualized savings on home and auto premiums, compared to stand-alone price of each policy, based on national data from May 2020.
Actual savings will vary based on state, policy coverage selections, and rating factors.
Premier Girls Fastpitch
INSURANCE FOR TEAMS
Premier Girls Fastpitch Team Insurance includes:
- General Liability insurance with per occurrence limit of $2,000,000 and aggregate limit of $5,000,000 underwritten by financially stable insurance
carriers. - Sexual Abuse & Molestation coverage with limits of $1,000,000 per occurrence and $2,000,000 aggregate automatically included.
- Excess Participant Medical Coverage with limits of $100,000 with a $2,500 deductible underwritten by United States Fire Insurance Company. The
policy provides excess medical coverage for injuries arising out of participation in a team’s softball activity. Benefits are payable for treatment for up to two years following the
injury/accident. - Additional Insured status for facility and field owners included in the policy – no additional fee.
- Self-service for certificates of insurance for Teams and Additional Insureds through the PGF website.
Policy runs from the date of purchase (but no earlier than September 1st) to September 1stfollowing the normal softball year for most teams. This is team coverage (it is not an individual
coverage or registration) and provides liability protection for the team’s normal softball activities including training, practices, most fund raisers, and participation in tournaments (even if not
a PGF sanctioned event). All players should be registered with PGF, but “temporary” players such as guests, pick up players, try out participants, etc. are covered if you have a signed waiver in
place. Regional Teams must have a hard copy waiver form signed by all participants.
Order and print certificates for field owners and others through the website once your team and player registrations are completed by going to the PGF
website, login, click on MY REGISTRATIONS, use the PRINT AND ADD button, select Add Additional – complete the information as requested.
Once approved, you may print from the PRINT AND ADD button as
well – this may take a few days as all certificates must be approved by the PGF office.
For special requests for wording on certificates contact the PGF Insurance Broker at [email protected] or on
the phone at 800-821-6802 (eastern time)
To purchase insurance, choose your division and click the REGISTER NOW boxes on the right
This is an outline of coverage and not a representation or grant of coverage. All coverage terms and conditions are based solely on the actual insurance
policy.
90,000 Protection and income: how investment and endowment life insurance works
Each premium is divided into parts. Part goes to the costs of the insurance company itself. A part is sent to the reserve – from it, compensation is paid in the event of an insured event. And the main part goes into investments to generate additional income. Thanks to this, the insurance company covers the costs of the reserve and remains able to pay the client the planned amount.
When buying an NSJ policy, the client does not in any way affect what the money will be invested in.This is the business of the company.
In case of ILI, investments are divided into two parts: guarantee and investment. This separation is intended to protect investments from market fluctuations. Find out the ratio of this distribution. All the insurance company or its partner who sells the policy must inform all this before the conclusion of the contract.
The guarantee part is invested in reliable instruments such as deposits or government bonds. Income from this part allows the insurer to return to the client no less than the amount that the latter paid.
The investment part is directed to highly profitable, but also more risky assets. And here the owner of the policy can already choose an investment strategy – where the company will invest. It can be associated with an industry (for example, oil or technology companies), instruments (foreign bonds), or countries (the US stock market).
The income will depend on the chosen strategy. But unlike the same deposits, investment income is not guaranteed and is generally unpredictable.You can only evaluate the profitability of the company’s investment programs in the past in order to understand how the strategies it offers are, in principle, successful.
As the Central Bank statistics show, it is often not very good. Thus, the average profitability of three-year ILI policies, which expired in January-September 2020, amounted to 4.7% versus 7% on deposits for the same period. At the same time, about a third of such policies showed zero profitability at all.
By the way, you will not receive all the income, if there is any – the client gets only a part.The size of this share is determined by the “participation rate”, which is always specified in the contract.
Never give up – advice from an expert of the insurance company “Renaissance Life”
27.05.2019
Founder and main shareholder of Renaissance Life insurance company, President of Renaissance Insurance Group, Chairman of the Board of Sputnik Group Boris Yordan shares his views on life.
An international businessman talks about his worldview, approaches to doing business and components of success.
The company’s business largely depends on external factors – the macroeconomic situation, regulation. And in a person’s life – how much does the movement towards success depend on himself, on his decisions and actions, and how much is determined by external circumstances, luck? How do you see this ratio?
I believe that a person is responsible for his own life, for his destiny. Even some difficult situations, diseases are largely a consequence of the lifestyle that a person has chosen for himself.If a person takes care of himself, takes care of his health, then he will feel better than someone who leads a sedentary lifestyle and, for example, drinks alcohol. By the way, in the West, life insurers play a very important role in this regard, encouraging clients to lead a healthy lifestyle. This reduces the number of insured events and payments, and, consequently, leads to a decrease in the cost of life and health insurance. The result is a synergistic effect in which the interests of insurance companies and their clients coincide.Therefore, in developed countries, insurance events are associated mainly with accidents, and not with serious illness or premature aging, as is often the case in Russia. The culture of a healthy lifestyle is of great importance, the choice in favor of which can be made by everyone. It is very good that recently our country has been following the Western states in terms of people quitting smoking. Smoking is becoming unpopular.
People need to be helped to make the right choices about their health.Insurers have a very important role to play here. Renaissance Insurance conducts Health Weeks for all corporate clients, where educational events on healthy lifestyles are held. Again, this benefits all parties: insurers who will need to handle fewer claims, employers who will lose less money due to employee disability, and workers themselves, whose quality of life will improve.
You are an international businessman.How is your work schedule organized in order to meet the multitude of tasks before you with maximum efficiency?
If a person is a leader, then he must clearly understand his strengths and weaknesses. When I hire people, I look at them not as subordinates, but as partners. And I try to form a team around me of those people who will have the qualities and competencies that I lack. This is how we complement each other, creating a truly strong team of professionals in various aspects.
As for priorities, every day I focus on those things that should give the maximum impact and return. Everything else fades into the background. I have business not only in Russia, but also in the UK and the USA. In the United States, I have a very fast growing company that needs a lot of attention from me at this stage. I have no free time. I spend two weeks in Moscow and two weeks in the United States. I am actively working on all five businesses: three companies in Russia and one each in the UK and the United States.I constantly change the focus of attention from one company to another and concentrate on the business where I can bring the maximum benefit and contribute to the achievement of the maximum result at a specific point in time on a specific issue. I delegate everything else to professionals who can solve new problems better than me, and who relate to business with no less passion than me. My main goal in business is to hire people who are smarter than me, who know more than me, who are very interested in the business and see it as a development perspective for themselves.
I very often pay attention to young professionals. When I appointed Oleg Kiselev to manage Renaissance Life, I sincerely believed in him, in his enthusiasm, in his energy, in the forces that he was ready to put into business development. In the future, I will also name the new head of the Renaissance Insurance Group. This is a person from within our team who has climbed the professional path from the rank and file. For such people, their main life priority is their work.
I sincerely believe that a successful business can only be built when you are fully committed to the cause. I am not one of those who believe in the so-called “balanced” life, which implies striving to find the optimal combination between work, hobbies, leisure, entertainment, etc. This is not the way of a business leader, this is for those who work at low and medium level. For the sake of your priorities, you need to sacrifice other things. You cannot run a company and spend more time, for example, playing sports or any hobby, than doing business.And I always ask a lot from my team members in terms of dedication, they lose a lot in other areas of life, but they gain no less in business – not only in material terms, but also in terms of drive and inspiration from the management and development of a large-scale, successful business … I myself have missed a lot in my life that, for example, my childhood friends had, who traveled more around the world, relaxed, saw more different places. But I really love what I do, and I get great inspiration from it.I love building a business and improving the lives of those who work with me and those who are my clients. It is from this that I get my drive. I am looking for the same people who are ready to fully devote themselves to work and want to achieve tremendous success in business. There are two priorities in my life: business and family. I have no time for anything else.
What motivates you not to reduce your work intensity? What motivates you personally to continuous development in business? After all, you have already achieved a lot in your life, besides, you are a well-to-do person.
I would not like to give advice to anyone and dictate to other people how to live. Each person has his own life in which he makes his own choice. And I absolutely do not criticize people who have chosen a different way of life, different from mine. This is not for everyone. It’s just that I get great pleasure from it, namely from the launch and development of a new business. I really love building a new business. I never buy any other launched projects. I love to build from scratch.This is what really inspires me.
I believe that the financial consultants of Renaissance Life are following the same path with me. After all, they also start from scratch and develop their own insurance business. They are my partners. Each financial consultant makes life around him better, changes the outlook of his clients, opening up new opportunities for them to protect and increase material well-being.
Many years ago I was an aspiring banker working for a large Swiss bank.It was the only job in my life for hire – after that I always acted only as a business owner. I remember one day I came pale on Monday morning in the office of my boss. He asked: “What’s the matter with you?” I replied that I worked all weekend, it is very difficult for me now. The boss retorted: “Is it difficult for you? Let me tell you when things get tough. It’s hard to come to work when you know you don’t have to come here anymore. This is really difficult. ” What do I mean by this? Sometimes people achieve the desired business success, it relaxes them, and it is difficult for them to find incentives to move on.And I am more than sure, I know that those people who find the core in themselves to go further, who get the drive from their work, they will very much regret if they do not take the next step in development. These are real leaders who can lead others, form a team, create their own agency, and subsequently lead the company.
Oleg Kiselev at the beginning of his career in life insurance was an insurance agent in Australia. And today he runs one of the largest life insurance companies in Russia.At Renaissance Insurance, I have a Deputy, Vice President for Retail Sales Yulia Gadliba. She came to us as a manager in the marketing department, and today she is one of the two key top managers who run the Renaissance Insurance Group. Julia is in charge of retail, and there is also a vice president who is in charge of corporate sales. This person has risen before my eyes in 10 years, since 2006, from the level of the most ordinary employee to the head who manages 70% of the business of Renaissance Insurance.About such people, I can say that they never give up. Business in Russia is mainly a war. Due to economic difficulties, due to bureaucratic and regulatory obstacles, due to other specific factors. This is a constant war. The people who win in Russia are the people who never give up. Never. And they become winners, achieve really great success. And those people who relax even for a second can live well, but they will not benefit from the point of view of creating and developing a business.
Sometimes you just need to look at yourself and honestly answer the questions: what kind of person I am, what I want. This is especially important at the stage when there is not enough motivation to move on – there is a serious obstacle to the further development of your business, or you reach the level of income that fully satisfies you. There is an English expression: “Separate the men from the boys” (“What separates men from boys?”), The meaning of which is “to recognize experienced professionals among recruits.”A man is a person who says to himself: “I want to try again. I’m moving on! ” This is where the difference in people is manifested.
If there was an opportunity to communicate with any person who entered the history of civilization, who would you prefer to meet?
With Jesus Christ. I believe that this is the person who left behind the most significant mark in history, regardless of whether you believe that he was a son of God or not.Again, you can believe, you can not believe that he was crucified, sacrificing his life in the name of atonement for human sins. In any case, this is a person who made an absolutely courageous decision and remained a great personality in history. Through his actions, Jesus showed the world the greatest example of how to walk the path of life with a goal and an understanding of his mission.
In terms of business, there are two people I look at with tremendous respect. One has already left the business, but with no less dedication he devoted himself to charity – this is Bill Gates.I read a lot about him, I know him, talked to him. This is a unique person who, realizing that he has reached his ceiling in business, reoriented himself and decided to throw all his strength and energy to help millions of people. Thanks to him, great strides have been made in the fight against diseases such as malaria. As acknowledged by the International Committee of the Red Cross, the efforts of the Bill Gates Foundation have made it possible to get seriously closer to the eradication of this terrible disease. And he continues to work actively in the field of health care, education, and other social areas.Bill Gates runs his philanthropic foundation the same way he ran his Microsoft business — he demands maximum results. That is, after leaving the business, Bill Gates does not lead an idle life, does not scatter money left and right, attending VIP parties and swimming in the rays of glory. On the contrary, he never attends entertainment events, does not seek any popularity and public recognition, but simply does his job with all his dedication and demands from himself and his associates the maximum result – now in charity.I respect him very much.
The second person I admire in business, the younger one, is Elon Musk. He is the founder of PayPal, Tesla Motors, SpaceX, SolarCity. These are leading companies in their industries at the global level: in the field of money transfers, electric cars, spacecraft, alternative energy. He also proposed the idea of a high-speed vacuum train Hyperloop, which was supported by Vladimir Putin at the St. Petersburg International Economic Forum in 2016.Potential possibilities of introducing such trains in Russia are considered. Renowned technology journalist Ashley Vance published an excellent book about Elon Musk last year – “Elon Musk: Tesla, SpaceX and the Road to the Future.” I advise everyone to read it. She inspired me terribly, I have already read this book twice. I don’t remember any other book that I would reread. An exception is the novel War and Peace, which I read for the first time in my youth, because my grandmother forced me. Then I did not understand anything, and already in adulthood I read this great work again in order to get to its essence.The book about the biography of Elon Musk is the only one after Leo Tolstoy’s novel that I have read twice, because it is so interesting.
Do you have a motto that reflects your life credo? I would like to hear this motivating message, which will give our readers a new boost of energy to achieve their goals.
You need to choose for yourself in life that business in which you sincerely and very strongly believe, in which you will invest with all your passion.And only then will success come. A person should like what he does. If you do something just in order to earn money and feed your family, after a certain time it will be unbearable from such work. You can’t get satisfaction from money alone. You have to do what you like. And if it is not related to money, then it may be even better for you, it will not prevent you from moving towards happiness. And if you do what you don’t like for the sake of money, you will definitely not be a happy person.Of course, I do not mean a student who earns money in various ways in order to secure his education. But when this need disappears, a person should do only what he wildly likes, where he feels happy, where he gets great pleasure from the atmosphere in which he works. Otherwise, a person will regret that he spent the time of his life on an unloved business. If a person believes in his work, he will do it with great enthusiasm, which means that success will come.
90,000 The development of the insurance sector reflects the level of the country’s welfare
- ACRA notes a high correlation between the level of a country’s welfare (GDP per capita) and the share of insurance premiums in the non-life segment in GDP, as evidenced by data on the insurance markets of the world’s leading countries. According to the Agency, the Pearson correlation coefficient between these indicators for the period from 2007 to 2018 is 0.89.
- One of the reasons for the high correlation is possibly that the higher level of GDP per capita may be due to the higher volume of productive capital in the economy.Insurance of this capital creates additional premiums in the non-life segment, in particular in corporate insurance. Accordingly, the share of insurance premiums in GDP, the so-called level of insurance penetration, is increasing.
- Correlation can also be related to consumption structure. As the income of the population grows, the share of spending on the purchase of housing and cars, private medicine, etc., grows at an accelerated rate, which leads to a corresponding increase in insurance premiums and an increase in their share in GDP.
- It can also be assumed that welfare and demand for insurance are determined by similar institutional factors, such as attitudes towards risk and the role of the state in helping those affected by natural disasters. Taking over the functions of an insurer by the state can be economically ineffective and inhibit the development of commercial insurance.
- The structure of GDP influences the level of insurance penetration. In particular, there is a negative correlation between the level of insurance penetration and the share of natural resource rent in GDP.This effect is especially noticeable in the countries of the Persian Gulf; for Russia, this factor is also significant.
- Comparative analysis with other countries showed that the current level of insurance penetration in Russia in the non-life segment (1% at the end of 2018) lags behind its potential by about 1.7 times. The creation of institutional conditions for the growth of the insurance market in the Russian Federation, according to ACRA, can become a long-term positive stimulus for the entire economy and the welfare of the population.
There is a high correlation between the level of welfare and the development of the insurance market
Based on data on the insurance markets of the world’s leading countries, ACRA notes a high correlation between the level of welfare, which is estimated as GDP per capita, and the share of insurance premiums non – life in GDP.The analysis was carried out on a sample of the 40 largest economies in the world in terms of GDP for 2018 (data from the IMF). At the same time, the IMF calculated GDP at purchasing power parity (PPP) in international dollars in 2011, which made it possible to reduce the impact of changes in exchange rates and inflation (for a list of countries and data on them, see Appendix , Appendix 1 ).
Information on the insurance markets of these countries is taken from the publications of the Swiss Re Institute for the period from 2008 to 2019.They provide data on the share of non – life insurance premiums in GDP for 39 of the above 40 countries (excluding Iraq) for 2007–2018.
To reduce volatility, the indicators of GDP at PPP and the share of non – life insurance premiums in GDP were averaged over a twelve-year period (2007–2018). The results of the comparison of indicators are presented in Fig. . 1 .
Figure 1. For most countries, the welfare level is proportional to the level of insurance penetration
Source: IMF, Swiss Re Institute, ACRA calculations
As follows from Fig. .1 , for most of the countries in the sample (32 countries – group A and Russia) there is a high correlation between the level of welfare and the level of insurance penetration. At the same time, this correlation is absent for seven countries that the Agency conventionally classifies as Group B.
According to ACRA, the deviation from the general trend for the countries of group B, which includes the Netherlands, Saudi Arabia, Singapore, South Africa, South Korea, Sweden and the United Arab Emirates, is due to the peculiarities of their economies, healthcare systems or insurance markets.In particular, the Netherlands, where a limited list of medical services is financed by the state, is characterized by a high volume of the voluntary health insurance market. The opposite situation is observed in the Scandinavian countries (including Sweden). Insurance companies in South Africa, in turn, provide protection against risks to a significant number of neighboring countries, so the level of insurance penetration in the republic is significantly higher than could be expected based on GDP per capita. The reasons for the deviation from the general trend for Saudi Arabia and the UAE will be discussed below.
The direct relationship between the levels of welfare and insurance penetration means that the volume of insurance premiums grows faster than GDP per capita; this is generally confirmed by the statistics for 2007–2018. Thus, GDP per capita in PPP in China for the specified period increased 2.7 times (in current prices), while the volume of non – life insurance premiums increased 7.7 times. In India, these indicators increased 2.2 and 3.6 times, respectively.
Reasons for the correlation
The first possible reason for the high correlation between the level of well-being and the share of non – life insurance premiums in GDP is considered by ACRA to be a factor common to both indicators, namely, the volume of capital assets in the economy. According to the macroeconomic concept of the production function, the total volume of output in the economy (which, by definition, is GDP) depends on labor costs and the amount of productive capital used. At the same time, labor productivity, i.e.That is, the ratio of GDP to labor costs will be the higher, the greater the amount of capital per worker and per unit of output.
Averaging over a period of several years makes it possible to neutralize the influence of economic cycles, so the averaged GDP will be close to the value of the production function when the labor and capital markets are in equilibrium. The equilibrium level of labor input in the economy is proportional to the size of the population. At the same time, ACRA believes that the age structure of the population has a comparatively smaller effect on the labor supply.At the same time, the amount of the insurance premium is directly proportional to the amount of capital. It follows that there should be a direct relationship between GDP per capita and the share of insurance premium non – life in GDP.
To test this thesis, we compared the IMF data on GDP per capita and the ratio of total capital assets to GDP for the above 40 countries, excluding Australia 1 , averaged over the period from 2007 to 2017 (data on capital assets for 2018 not yet published).
1 Data for Australia not available.
The valuation of capital assets was calculated as the sum of the productive capital of private, public and public-private organizations. The results obtained indicate the presence of a positive relationship between the indicators (see. Fig. 2 ).
Figure 2. GDP per capita and the ratio of capital to GDP are directly related
Source: IMF, ACRA calculations
According to ACRA, it may be associated with the demand for housing, durable goods, primarily cars, as well as non-state medical services and tourist trips.All of these consumption components are closely related to the associated insurance costs. As the income of the population grows, the share of expenses in these areas is growing at an accelerated rate, which leads to a corresponding increase in insurance premiums and an increase in their share in GDP.
A third possible reason for the correlation between wealth levels and insurance penetration, the Agency considers the higher efficiency of insurance compared to alternative options. Alternatively, we can consider self-insurance (self-creation of reserves or savings by companies and the public to cover unforeseen losses or costs) and government guarantees for compensation for damage (formal or informal).Unlike alternative options, insurance is characterized by a significantly higher level of risk diversification, including through international reinsurance mechanisms. This allows you to optimize the structure of assets in terms of liquidity and profitability, contributing to an increase in overall economic efficiency. Alternative risk protection systems will be forced to maintain a higher share of liquid and, as a result, less profitable assets. In addition, state guarantees of compensation for damage are administrative and tax redistribution, the economic efficiency of which is lower in comparison with market mechanisms.
Natural rent negatively affects the insurance sector
The fact that Saudi Arabia and the UAE fall into group B (these are countries where the penetration of the insurance sector differs markedly from the base model; see Fig. 1 ) suggests a possible correlation the structure of GDP and the level of insurance penetration. A significant share of the GDP of these two countries is accounted for by the oil sector, which is also relevant for Russia, and therefore, may affect the calculation of the potential volume of insurance premiums non – life.
The analysis was carried out on a sample of the 30 largest economies in the world in terms of the total amount of natural resource rent 2 in GDP for 2007-2017, according to the World Bank. For 28 countries from the sample (excluding Iraq and Libya), Swiss Re Institute indicators are available for insurance penetration rates non – life (for a list of countries and data on them, see Appendix ).
To assess the impact of natural resource rent on the insurance sector, deviations of the average for the period from 2007 to 2017 the level of penetration from the linear trend were compared (see. Fig. 1 ) and average per capita natural resource rent in PPP for the same period (in 2011 international dollars). The comparison results are presented in Fig. . 3, where the vertical axis shows the difference between the actual value of the insurance penetration rate and the result of the calculation according to the base model (in terms of GDP per capita). The horizontal axis shows the amount of natural resource rent per capita; for clarity, the horizontal axis is plotted on a logarithmic scale, and therefore the linear trend in the figure looks like an exponential.
Figure 3. Natural rent gives a negative adjustment in the model for assessing the level of penetration of non-life insurance premiums
Source: World Bank, Swiss Re Institute, ACRA calculations
2 Natural rent is the excess income from oil sales, gas, coal and wood.
ACRA’s analysis shows that the amount of natural resource rent per capita can have a significant impact on the level of insurance penetration. For most of the sample countries, the deviation of the actual values of the insurance sector penetration from the calculated indicators of the base model linearly depends on the amount of natural rent, and this dependence is stronger than in the base model, since the absolute value of the linear trend coefficient is higher (-0.18 compared to 0.073) …This means that GDP growth due to natural resource rent will not accelerate the growth of the insurance market, but may even slow it down.
Institutional factors restrain the development potential of the Russian insurance sector
In 2018 and 2019, the penetration rate of non – life insurance in Russia was approximately 1%. At the same time, the size of GDP per capita in PPP, according to the IMF, was equal to 25.6 thousand international dollars in 2011. Taking into account the adjustment for the average amount of natural resource rent in the framework of the assessment according to the base model, the potential level of penetration of the insurance market in Russia in the current economic situation is 1.7%.
Figure 4. The penetration level of the Russian insurance market is significantly lower than the potential
Source: IMF, Swiss Re Institute, ACRA calculations
The dynamics of actual and potential shares of insurance premiums non – life in GDP from 2007 to 2018 reflects increase in the spread between them (see fig. 4 ). The stagnation of the Russian insurance market is usually associated with negative changes in the size of the population’s disposable income.However, during the indicated twelve-year interval, there were periods of income growth, which did not entail a corresponding development of the insurance market.
According to ACRA estimates, in addition to the level of income, there are long-term institutional factors hindering the growth of the insurance market in the non – life segment. The low level of insurance culture of the population, the state’s acceptance of the functions of an insurer and the absence of long-term development strategies for Russian insurance companies are interconnected.
The government’s readiness to compensate for the losses of many economic agents at the expense of the budget reduces the need for risk management using market instruments and increases the tax burden on the economy. ACRA believes that creating conditions for the development of private insurers will improve the overall efficiency of the Russian economy.
Appendix 1. Data on GDP, insurance sector and productive capital for 40 largest countries in the world in terms of GDP
Country | GDP per capita (average for 2007-2018) PPP, | Insurance penetration: non-life premiums (average value for 2007-2018), | Total capital (average value for 2007-2017), | Country | GDP per capita (average for 2007-2018) at PPP, | Insurance penetration: non-life premiums (average value | Total capital (average value over 200 7–2017), | ||||||||||||||
Algeria | 13251 | 0.65 | 247 | The Netherlands 9033 9000 9000 472 8 | 279 | ||||||||||||||||
Argentina | 18845 | 2.28 | 164 | Nigeria 9000 9000 | |||||||||||||||||
Australia | 44023 | 2.87 | – | Pakistan | 4482 | 0.31 | 133 | ||||||||||||||
Bangladesh | 3075 | 0.19 9000 | 0.19 9000 902 902 902 0.19 9000 902 902 6334 | 0.50 | 202 | ||||||||||||||||
Belgium | 41401 | 2.70 | 1.89 | 147 | |||||||||||||||||
Brazil | 14601 | 1.68 | 274 | Russia | 24328 | 1.12 | 202 | ||||||||||||||
| 9000 05 | 256 | Saudi Arabia | 48499 | 0.99 | 177 | ||||||||||||||||
272 | Singapore | 77946 | 1.60 | 295 | |||||||||||||||||
Colombia | 11922 | 1.71 | 190 | South Africa | 12146 | 12146 | 12146 | ||||||||||||||
Egypt | 11082 | 0.40 | 90 | South Korea | 33600 | 4.38 | 4.38 | France | 38915 | 3.15 | 307 | Spain | 33254 | 2.83 | 334 | ||||||
Germany | 43348 | 3.53 | 9000 3.53 | 9000 9000 | 1.93 | 276 | |||||||||||||||
India | 5206 | 0.74 | 197 | 9000 | 9000 9000 , 32 | 331 | |||||||||||||||
Indonesia | 9577 | 9000 2 0.50 | 284 | Taiwan | 41494 | 3.15 | 270 | ||||||||||||||
207 | Thailand | 14745 | 1.73 | 297 | |||||||||||||||||
Iraq | Turkey | 20375 | 1.22 | 211 | |||||||||||||||||
35107 | 2.23 | 348 | United Arab Emirates | 62186 | 9000 9000 902 902 902 902 902 902 | 9000 9000 902 902 902 902 902 902 | 37038 | 2.26 | 371 | Great Britain | 38571 | 2.74 | 902 902 902 | 1.61 | 253 | USA | 51670 902 36 | 4.42 | 242 | ||
Mexico | 17055 | 1.13 | 249 | 9000 249 | 9000 9000 , 78 | 160 |
Source: IMF, Swiss Re Institute, ACRA calculations
Appendix 2.Data on GDP, insurance sector and natural resource rent for the 30 largest countries in the world in terms of natural resource rent
Country | GDP per capita (average for 2007-2017) PPP, | Natural resource rent per capita (average value | Insurance penetration: non-life premiums (average value for 2007-2017) , | ||||
Algeria | 13240 | 3329 | 0.65 | ||||
902 902 902 902 902 902 902 902 902 902 902 902 902 902 0.90 9 0003 | |||||||
Argentina | 18858 | 594 | 2.30 | ||||
Australia | 42718 | 42718 9000 | |||||
Brazil | 14553 | 635 | 1.67 | ||||
Canada | 42080 | Chile | 20698 | 3201 | 1.69 | ||
11144 | 434 | 1.38 | |||||
Colombia | 11912 | 6 75000 | 9957 | 921 | 0.41 | ||
India | 4969 | 902 902 0 0.72 903 903 903 902 9033 | 9260 | 597 | 0.50 | ||
Iran | 4194 | 1.59 | |||||
Iraq | 14288 | 6175 | 3 | 4521 | 0.66 | ||
Kuwait | 78008 | 38781 | 2 0.512760002 | 2 0.512760003 | 10717 | – | |
Malaysia | 22981 | 2181 | 1.62 | ||||
Mexico | 16903 | 837 | 1.12 | 0.37 | |||
Norway | 63508 | 5390 | 1.73 | ||||
1.12 | |||||||
Qatar | 117015 | 35504 9023 6 | 0.96 | ||||
Russia | 24207 | 3481 | 1.13 | ||||
Saudi Arabia 936 | 2 | 0.97 | |||||
South Africa | 12162 | 854 | 2.75 | ||||
0 6000 9000 | |||||||
OAE 9000 9000 | |||||||
OAE 9000 9000 | 0 9000 1.81 | ||||||
UK | 38281 | 301 | 2.7 8 | ||||
USA | 51315 | 429 | 4.43 | ||||
Venezuela ** | 9000 Venezuela ** | 9000 9000 9000 9000 9000 45 |
* The IMF estimates in Appendix 1 and the World Bank may differ slightly.
** Average value for 2007–2014.
Source: World Bank, Swiss Re Institute, ACRA calculations
Insurance of parcels from the USA – why insure a parcel from America?
Parcel insurance is an important aspect of shipping goods from the United States. In the absence of insurance, it is almost impossible to reimburse the cost of lost parcels. Delivery from the USA by various postal services necessarily or optionally includes the parcel insurance service.
The cost of insuring parcels upon delivery may vary. Many services provide a certain amount of insurance free of charge: for example, $ 100 mailing insurance will be included in the price of the mail shipped from the United States via USPS Express Mail International. Insurance for a large amount must be paid additionally.
Delivery of goods from the USA by various methods or by different companies may provide for a different insurance limit – the maximum amount for which a parcel can be insured.For example, for deliveries from the United States via USPS Express Mail International, the maximum insured is $ 5,000. Also the maximum amount of insurance may vary depending on the country to which the parcel is sent.
Delivery from the USA by mail or courier services is insured against various insurance risks:
- lost parcel
- theft of parcel
- Partial theft of a parcel
- damage to the parcel, etc.d.
It should be noted that, for example, the dispatch of goods prohibited for import into the recipient’s country will not be an insured event and the goods will be seized at customs or sent back to the sender.
How to get insurance in case of an insured event?
If the parcel is lost through the fault of the postal services and, accordingly, was not delivered to the recipient, then if the parcel is insured, the sender will receive the insured amount.
If delivery is made, for example, by the seller of the online auction eBay, then after the seller receives insurance, he must return the money to the buyer – to make a so-called “refund”.
You can get the seller of eBay to pay insurance to the buyer through peaceful negotiations or, in case of failure, opening a dispute or claim on eBay. After confirming that the package has been lost, the buyer must receive a refund.
If, upon receipt of the parcel, partial or complete absence of the contents of is found, then the parcel is stolen.In the event of partial theft, the insurance will be reimbursed in proportion to the value of the stolen items. In this case, the basis for obtaining insurance will be an act of inconsistency of the contents of the parcel, an act of theft of the parcel. The addressee of the parcel receives insurance.
If, upon receipt of the parcel, damage to the parcel was discovered that was not indicated in the declaration (if the goods are used), then in order to obtain insurance, it is necessary to draw up an act of damage to the parcel at the post office or together with the courier who delivered the parcel.The addressee of the parcel receives insurance.
In all of the above cases, in order to obtain insurance, you should adhere to the basic rule: open the parcel in the mail in the presence of the courier, or not sign for the receipt of the parcel and require the post office or courier to check the contents of the parcel.
When insuring a parcel from the USA, be sure to carefully read the insurance conditions, study the conditions for the occurrence of insured events, the conditions for obtaining insurance.
Delivery of your parcels and cargo will become an easy and pleasant procedure for you if RusBid is nearby. Our team will take care of the delivery of your purchases to your country, if the seller does not send goods to the CIS countries, if necessary, pay for your purchase if the seller accepts only certain types of payment. At the company’s warehouse in America, Maryland, you can store your purchases for free (up to 3 months) and arrange your shipments in a way convenient for you.
Shipping is handled by the United States Postal Service (USPS), a private postal company Meest America Inc. These services have long established themselves as reliable companies with an impeccable reputation. If necessary, RusBid will deliver your parcels from the USA with the help of any other company.
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Insurer stadiums | INSURANCE TODAY
2 and stable profits.We can say that architecture is the most materialized reflection of the high status and capabilities of the customer – especially when the image of such a building needs to convey the appropriate qualities. But time passes, and brilliant minds from marketing have mastered, among other things, other, less expensive ways to declare themselves in the “stone”: what could be better than multi-meter glowing letters with the name of the company in one of the largest stadiums in the world? Especially when it is enough to just buy the rights to the name of such a building! Of course, in the financial sector, it is very useful to have a reputation as a reliable company with a long history, for which magnificent neoclassical palaces covered with natural stone or skyscrapers created in a strict, and even arrogant, Art Deco style work perfectly.However, in order to meet the challenges of the time and the whims of public opinion, one has to master new genres … it is not even an hour, you will be known as a retrograde. The sports theme is just right for this. In today’s publication, we bring to the attention of readers a selection of several notable stadiums, which were partially built with funds from insurance companies or only temporarily bear their names.
MetLife Stadium (Source Anthony Quintano – Wikimedia Commons)
Metlife Stadium (New Jersey, USA)
The most cursory overview of large stadiums, whose names are associated with insurance companies, has several dozen units around the world.And the leader in terms of quantity, among others, can be recognized as the German insurance company Allianz. However, we will start with the stadium, which bears the name of the American international insurance company MetLife. Metlife Stadium is one of the largest in terms of capacity of such facilities in the world and the largest among those that bear the name of insurance companies. We wrote about the society itself and its unprecedented duration and scope of the PR-campaign of the early 20th century in the publication “Life-long PR-action” dated August 7, 2020.In terms of its capacity of 82,500 people, this arena somewhat surpasses even the largest stadium in Russia, Luzhniki, with a capacity of 81,000 people. Metlife Stadium is located in East Rutherford (New Jersey, USA) – the nearest suburb of New York. The stadium was built in 2010 and is the home arena of two National Football League (NFL) clubs, the New York Giants and the New York Jets, which currently own it equally through a specially created structure.However, it was MetLife who acted as the title (main in terms of participation) sponsor of the construction, the cost of which was $ 1.6 billion (or almost $ 1.9 billion as of 2020), and in 2011 bought the rights to its name.
The amount spent on construction makes Metlife Stadium the most expensive stadium in the world in history. However, we do not undertake to argue that its construction cost more than the Roman Colosseum. For comparison, the reconstruction of the Dynamo stadium in Moscow, now named VTB Arena, with a capacity of 25.7 to 33 thousand people, was estimated in 2012 at $ 700 million, and the entire complex with the adjacent territory – at $ 1.5 billion (which is almost $ 1.7 billion for 2020).In addition to football competitions, the arena hosts the annual Restlmania wrestling show, as well as the Monster Jam monster truck motorsport show.
Wrestlmania 35 Show at Metlife Stadium (Source Howitto – Wikimedia Commons)
In 2008, even during the construction of Metlife Stadium (before the acquisition of the rights to the name known as New Meadowlands Stadium), a major scandal erupted in the American press. We hasten to upset the dear reader: no, several hundred million dollars were not stolen during the construction of the facility.The scandal was caused by the fact that the German insurer Allianz expressed a desire to acquire the rights to the name of the new stadium in New Jersey, offering to conclude a contract for 30 years. The amount of the contract was supposed to be $ 25 million. These intentions provoked protests both in the Jewish community of New York and in other English-speaking countries; and the Anti-Defamation League, an American Jewish non-governmental human rights organization that opposes anti-Semitism. The Americans recalled the German insurer aiding the Nazi government of Germany in the period from 1933 to 1945., as well as the fact that its CEO Kurt Schmitt, after Hitler came to power, albeit for a short time, took over as Reich Minister of Economy. We wrote about the history of the German insurance industry in those years on the example of Allianz, as well as the company’s openness in this sensitive issue, in the publication “Seventeen Moments of the Insurer” dated May 8, 2020. In the end, both football leagues, which own the facility, decided to end such negotiations, as the public was notified of, among other things, by The New York Times.The stadium received its current name only in 2011, when a 25-year agreement was concluded with the insurance company Metlife. The amount of the deal was not disclosed.
Since the stadium was conceived as a home arena for two clubs in the national league, the architects were tasked with developing a neutral design for the building, without giving preference to the attributes of one or another team. By the way, Metlife Stadium is one of two stadiums that are shared by the teams of the National Football League (NFL).The lower part of the building’s façade is clad in limestone-like stone, while the rest of it is clad in aluminum louver panels and partly glass. The design features include the so-called “Solar Ring” installed along the upper edge of the stadium, consisting of 1,350 built-in photovoltaic solar panels grouped into 47 separate units. These panels are equipped with LED lights that change colors depending on which team is playing: blue for the New York Giants and green for the New York Jets; and are also used for lighting during other events.At the same time, solar panels generate energy 25 times more than the lighting system consumes, so that the surplus is consumed by other systems in the stadium or fed back to the grid. Whether this is a kind of irony, but the idea with such LED lighting was borrowed from the Allianz Arena stadium in Munich, which we will discuss below.
Allianz Arena (Source Maximilian Dörrbecker – Wikimedia Commons)
Allianz Arena (Munich, Germany)
Maybe in North America, things are not going well with the acquisition of the rights to the name of stadiums from the German Allianz (however, we managed to find one Allianz Field stadium with 19,400 seats in Minnesota!), But at home the company has no problems in this regard.One of the largest football stadiums in Europe, the Allianz Arena, with a capacity of 70 thousand people (75 thousand in case of home matches) is located in Munich, Bavaria, where the headquarters of the insurer itself is located. The stadium was built in two and a half years, construction was carried out from October 2002 to the end of May 2005. The cost of its construction was much more modest compared to Metlife Stadium and amounted to € 340 million (about € 452 million as of 2020) with an initial contract value of € 280 million.Immediately after the construction was completed, the most titled German football club Bayern Munich began to host home games at the Allianz Arena. The stadium also hosted the 2006 World Cup matches and the 2011/12 Champions League final. Initially, the stadium was co-owned by the clubs “Bavaria” and “Munich 1860”, but then “Bavaria” bought out the share and became the sole owner of the stadium. The sale of the stake was associated with the disastrous financial situation of the Munich 1860 club in the spring of 2006.
The stadium is widely known for its façade, for which it even received the nickname “inflatable boat”.The facade and the roof consist of 2,874 pillows, which are inflated with dry air, the pressure in them is 3.5 hPa, while the thickness of the material of which the pillows are composed is 0.2 mm. Each pillow individually can be illuminated in red, blue and white and their shades. This is the first stadium in the world with a completely color-changing facade. When one of the home teams plays their match at the stadium, it is illuminated by its color: red for Bayern and blue for Munich 1860 – the same concept was borrowed and implemented at Metlife Stadium; and if there is a game of the German national team or events of the level of the 2012 UEFA Champions League Final, the pillows are illuminated in white, which on closer inspection has some blotches.It is technically possible to use other colors in the backlighting of the facade, but the Munich police insist on using only such a scale with its change no more than once every 30 minutes. This is due to the fact that due to the constant change of colors at the very beginning of the operation of the stadium, the average number of accidents on the nearby A9 Autobahn increased by 10 accidents per day. The cost of lighting is a very modest 50 € per hour. The lighting is so bright that on clear nights the Allianz Arena can be clearly seen from the Alpine peaks in Austria, that is, from a distance of about 80 km.
Allianz Arena lighting during the 2011-2012 UEFA Champions League. (Source Christoph Anton Mitterer – Wikimedia Commons)
2004 Allainz Arena match (Source MrT HK – Wikimedia Commons)
And again there were some scandals. Unlike the story with Metlife Stadium, in this case the incident was the most corrupt. From March 2004 to August 2006, the corruption scandal associated with the Allianz Arena did not leave the football press.On March 9, 2004, the then president of the 1860 Munich club and a prominent German restaurateur Karl-Heinz Wildmoser Sr., his son, and two other people were detained on suspicion of bribery and abuse of authority in a competition for the construction of the stadium. A few days later, Wildmoser Sr. made a deal with the investigation and was released from custody. As part of this deal, he also resigned as president of the club, and the case against him was dropped. His son Karl-Heinz Wildmoser Jr. remained under arrest.In August 2004, he was charged with abuse of power, bribery and tax evasion. The prosecution pointed out that Wildmoser Jr. had won the overpriced construction contract by providing Alpine Bau Deutschland, a division of Austrian Alpine, with inside information that allowed the developer to win the contract. The amount of the “gratitude” was 2.8 million euros – 1% of the original contract amount. On May 13, 2005, Karl-Heinz Wildmoser Jr. was sentenced by a Munich court to four and a half years in prison.Since 14 months of pre-trial detention were counted, he was released at the end of summer 2008. From 2004 until the death of his father on July 28, 2010, Wildmoser Jr. had no more contact with him.
Munich’s oldest Holy Cross Church and Allianz Arena (Source Diego Delso – Wikimedia Commons)
The German insurer Allianz acquired the rights to the name of the stadium for a period of 30 years. Be that as it may, the company name cannot be used during matches between FIFA and UEFA, as the latter prohibit such corporate practices by companies that are not official sponsors of the competition.For example, during the 2006 FIFA World Cup, the name of the arena was FIFA Stadium Munich, and for UEFA and national league matches it was even more modestly called Munich Football Arena. There are stadiums bearing the name of the German insurer in at least the following countries: Australia, Austria, Brazil, France, Germany, Italy, the United Kingdom and the United States.
View of State Farm Stadium (Source statefarmstadium.com)
State Farm Stadium (Arizona, USA)
There are several stadiums in the United States named for the State Farm insurance company.The company has been a leader in the United States in property insurance and in the motor vehicle insurance market since 1942. It is interesting to note that State Farm is also an exclusively agency company: only State Farm agents can sell its services and no other company else. It is headquartered in Bloomington, Illinois.
State Farm Stadium, formerly known as “University of Phoenix Stadium”, is the multi-purpose arena and home stadium for the NFL American Football Club Arizona Cardinals.It also hosts regular Super Bowl competitions – the most popular television event of the year in the United States, which means fantastic ad contract amounts. In 2010, the stadium hosted the WWE WrestleMania XXVI event, which brought together tens of thousands of people and $ 5.8 million in ticket prices. State Farm Stadium is also a popular concert venue, where many popular music artists have performed in recent years (for example, the concerts of Metallica on August 4, 2017 grossed more than $ 5 million).
The new stadium in Arizona is perhaps the most outstanding building in the entire state, and according to the American weekly Business Week it is included in the top 10 most impressive sports facilities in the world. Indeed, the stadium attracts attention at first glance thanks to its unusual curved shape and massive convex façade panels. It is also equipped with a roll-out field (as at the Gazprom Arena in St. Petersburg, whose cost was $ 660 million). To completely roll out the field outside the stadium, the system needs 70 minutes (for an arena in St. Petersburg, this time is 4 hours).The roof of the stadium is made of a translucent membrane fabric from a well-known Japanese manufacturer and, thanks to a system of small motors with a total capacity of 480 hp, opens in 12 minutes. It is the first retractable roof of its kind ever installed on a ramp.
The capacity of the stadium is a very impressive 63 400 people with the possibility of increasing to 78 600 people. Construction began in 2003 and completed in three years, its cost amounted to almost $ 400 million, and together with the improvement of the adjacent territory $ 455 million (about $ 637 million in 2020).Of this amount, the share of the insurer, after which the stadium is named, does not account for anything. The rights to the name were acquired by State Farm only in 2018 for a period of 18 years.
Insurance in the USA. Part 1. Car insurance. | by Ellen Salnikova
Everything that will be described in this article in relation to the state of California, in other states there may be significant differences.
https://goo.gl/images/m2GafC
- Policy types.
In principle, everything becomes clear here if you say two words: OSAGO and CASCO.
The principle of operation of Russian OSAGO and CASCO is taken entirely from the insurance system in the USA.
California is required to have a minimum owner liability insurance in case of accidents, and this minimum insurance will not cover damage to your car, only the minimum liability of you as the culprit is liability. Immediately remember the CTP. This is one of the cheapest insurance that all car owners are required to have. But, unfortunately, its coverage is often not sufficient when some kind of accident occurs.It should even be with a tourist who bought a car here in order to simply drive it for a month in the United States (up to 14 days you can ride without a fine for lack of insurance, otherwise it is either a fine or a fine parking lot).
The extended insurance already includes high coverage limits, coverage in both directions (both your liability and your car) – liability, coverage of a car if it just stands parked and something happens to it – comprehensive, coverage of the liability of an uninsured person, which either drove your car, or flew into your car – unisured motorist liability, well, such a trifle as paying for a rented car for the period of repairs after an accident or roadside assistance along with paying for a tow truck.That is, such a good CASCO, which is already significantly more expensive, but also less problematic.
Further, for the sake of simplicity, I will call these insurances with the usual words CTP and CASCO.
At the same time, the comprehensive part in CASCO is optional in some states, but in California it must be included.
2. Parameters affecting the cost of the policy.
What parameters are taken into account when calculating the cost of the policy for you personally:
- age (up to 25 years old insurance is much more expensive, since the insured in the young driver category and according to statistics, most accidents are made by people under 26 years old, therefore for this category of persons the coefficients increased)
- presence of local rights (if you are a resident of the state, then you must have local rights, plus insurance is much cheaper with them)
- driving experience (even one that was in another country is counted, it is enough to send a copy of the license)
- Higher education (discounts up to 10% if there is a VO (especially if you are an engineer)
- Availability of stable work and high income
- family status and the presence of children
- type of insured car, its age and price, availability of a deposit (credit / lease – more expensive by 10-30%)
- anti-theft systems
- availability of a garage chevle)
- credit history
- driving history (were there any fines in the last year, how many points for violations were withdrawn, this item affects the most, since it characterizes you as a driver)
- presence of a certificate of emergency driving school (in fact, online re-reading the brochure with the rules can help knock out a couple of dollars discount)
- state where you live and will use the car (this includes the accident rate by state)
- the county in which you live (again the accidents rate by county, median income people living in the county and other less obvious parameters) 90,088 90,087 indicators on insurance premium payments for the previous year, for example, due to hurricanes on the East Coast in winter 2016 and a large number of payments, insurance companies have increased policy rates since June 2016 for all states …
Next, let’s talk about coverage limits.
3. Limits and conditions of payments.
California in 2017 set the following minimum limits for driver liability coverage ( California Insurance Code §11580.1b) :
- $ 15,000 – injury / death of one person
- $ 30,000 – injury / death of two or more persons
- $ 5.000 – damage to property
But! These minimum values, of course, are not enough, since only one appeal of a victim with a small fracture will cost more than $ 15.000, and also mandatory payments for pain and suffering (moral damage, can be 3 times higher than the hospital bill), payment for physical disability (sick leave, calculated by day based on the victim’s daily salary). Plus the payment of lawyers, a fine, payment of damage to the victim’s property, etc. Naturally, the minimum coverage will not be enough for this and the person will owe a huge amount of money. And then either sell everything or take out a loan. Plus, your car will also be wrecked and it will either have to be disposed of at your own expense, or sold without repair.Therefore, it is better not to save on this and find a good CASCO with high limits.
CASCO is easier, the most optimal is the limits of $ 150,000 / $ 300,000 (damage to one person / damage to several people), unisured motorist liability for $ 150,000, property damage for the same amount, comprehensive for $ 50,000.
In addition to the limits on the amount of coverage, you also need to pay attention to how much you will pay out of your pocket before the insurance starts paying its main part. This amount is called deductible.It can be either fixed ($ 100, $ 250, $ 500 $ 1000, etc.), or as a percentage of the final payment amount (much cheaper when paying for insurance, but in the end it can turn against you).
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I.e. when an insured event occurs, you will need to shell out, say, $ 200 from your pocket in order for your insurance to cover the rest. A simple situation, you parked your car on the street, a certain antisocial element decides to profit from something from your car and breaks the glass, opens the glove compartment, rummages there and hides.You come in a couple of hours and see this disgrace. Your actions: draw up a police report (a statement to the police, filed most often online), take a photo, file a claim online from your insurance account (claim for insurance payment, describe the situation, attach a photo, the number of the statement to the police). If you have comprehensive coverage – you are a fine fellow, your insurance will cover repairs to your car and valuables missing from the glove compartment / car. Next, you come to an authorized insurance repair center, where the service issues an invoice for, say, $ 1000, plus $ 500 worth of things were also missing.Under the terms of the policy, you have a deductible – $ 200. This means that you will now pay this $ 200 out of your pocket, and the remaining $ 1300 will be covered by the insurance company. Regarding the choice of auto repair shops, you can turn to your favorite service, but then all negotiations about what to repair and for how much, you will have to conduct with the insurance company yourself with the attachment of all bills and it is not a fact that the insurance will cover everything.
A similar calculation, if an accident occurs, your insurance indemnifies the damage to the injured party minus the deductible, and if there is also coverage for you and your car, then you will be repaired.
There is also a concept of total damage, this is when the insurance company decides that the car is inappropriate to restore and pays an amount equal to the value of the car on the market at the time of the accident. All expenses for disposal, storage and transportation of such a car are covered by the insurance company (but it also depends on the company where the policy was purchased, not all insurance companies behave so well). If you decide to keep the car for yourself, then its status changes to salvaged and you must buy it from the insurance company for an amount equal to the residual value of this car after the accident.The insurance company will deduct this amount from the payment for your car. But there will be another question, what will you do with it … Not all salvaged cars can be registered after repair.
4. Where to buy car insurance?
You can go to sites – aggregators (for example this one), drive in data, SSN number and get quotas. Then, on the website of the insurance company, issue a policy.
You can contact an agent who will be able to find a suitable insurance with discounts and further advise on issues related to it.Word of mouth is already working here, since finding a good agent is easier through acquaintances.
Well, an option in the forehead, ask friends who have what kind of insurance, impressions and go to the insurance website. But this is far from a guarantee that your price will be as low as everything is very individual. Discounts may even be for the fact that you also insured the house in the same company.
In any case, everything is done via telephone and regular e-mail. Even if you are unlucky and an accident happened.
General overview of insurance in the USA here.
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