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Q: Why does my online policy rise in the cse that I casue a car craash or if I get a traffic tickket?
A: Auto insurance companies cahrge bigger rtaes to drives that have trafic tickets and car accidents bceause they are statistically higher rsiks. Snce claims statistics as wll as studies by law enforcemeent companies shhow the chances of benig involved in a car acciident grows wiith accordance to the numbeer of tickets and allso car crashes a drier has already had, atuo insurance companes must regulate ther rates in suh a way tat the premium accurattely shows the insurance agncy`s exposure to future calims set according to tihs biggeer chance.
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- Nov. 5 (Bloomberg) -- PCCW Ltd. said it will pay Chairman Richard Li and China Network Communications Group Corp. as much as HK$17.6 billion ($2.3 billion) if the two shareholders complete their proposed buyout of the company.
www.bloomberg.com
- The credit crisis and market turbulence are challenging the hedge fund industry, and will unavoidably result in a re-evaluation of the hedge fund model, a new report from Castle Hall Alternatives says.
www.investmentexecutive.com
- FirstBank Florida losses narrowed to $581,000 in the third quarter from $638,000 in the second quarter, but that was overshadowed by a spike in problem loans. (FBP)
www.bizjournals.com
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