Meeting the often expensive financial needs of our pets
News from South Dade News Leader:

Sarasota, Fla. — Medical expenses and pets go hand in hand. Even the healthiest of dogs, cats, and other types of pets require regular checkups and veterinary visits to maintain licensing and tags. Over your pet’s lifetime, there may be unexpected costs that you will be thankful you have a backup plan in place.

Special financing companies, do-it-yourself fundraising efforts, veterinary payment plans, and pet insurance companies offer ways to help meet expenses. Some pet insurance plans even cover genetic diseases in specific breeds.

Sarasota resident Sara Clark is without insurance and is currently facing a $ 4,000 procedure to help her dog, Keeva. Keeva is a 13 month old Bullmastiff puppy in need of heart surgery and she was just admitted at the time of this article’s writing to drain fluid from around her heart until funding can be secured and a surgery date can be scheduled. Sara has managed to raise about $ 1000 through a local grant but still hopes to raise the remaining funds in her community through a GoFundMe account setup at continues on South Dade News Leader

… Read the full article

Related News:

The Handbook of Insurance-Linked Securities

""Luca Albertini and Pauline Barrieu are to be congratulated on this volume. Written in a period where structured projects in finance are having a difficult time, it is worthwhile to return to the cradle of securitisation: insurance. Spread out over three parts (life, non- life, and tax and regulatory issues) the 26 chapters, written mainly by practitioners, give an excellent overview of this challenging field of modern insurance. Methodology and examples nicely go hand in hand. The overall slant being towards actual analyses of concrete products. No doubt this book will become a milestone going forward for actuarial students, researchers, regulators and practitioners alike."" –Paul Embrechts, Professor of Mathematics and Director of RiskLab, ETH Zurich The convergence of insurance with the capital markets has opened up an alternative channel for insurers to transfer risk, raise capital and optimize their regulatory reserves as well as offering institutions a source of relatively liquid investment with limited correlation with other exposures. One of the financial instruments allowing for the cession of insurance-related risks to the capital markets is Insurance-Linked Securities (ILS). This book provides hands-on information essential for market participants, drawing on the insights and expertise of an impressive team of international market players, representing the various aspects and perspectives of this growing sector. The book presents the state of the art in Insurance-Linked Securitization, by exploring the various roles for the different parties involved in the transactions, the motivation for the transaction sponsors, the potential inherent pitfalls, the latest developments and transaction structures and the key challenges faced by the market. The book is organized into parts, each covering a specific topic or sector of the market. After a general overview of the ILS market, the Insurance-Linked Securitization process is studied in detail. A distinction is made between non-life and life securitization, due to the specificities of each sector. The process and all the actors involved are identified and considered in a comprehensive and systematic way. The concepts are first looked at in a general way, before the analysis of relevant case studies where the ILS technology is applied. Particular focus is given to: the key stages in both non-life and life securitizations, including the general features of the transactions, the cedant’s perspectives, the legal issues, the rating methodologies, the choice of an appropriate trigger and the risk modeling, the particular challenges related to longevity securitization, the investor’s perspective and the question of the management of a portfolio of ILS, the general issues related to insurance-linked securitization, such as accounting and tax issues, regulatory issues and solvency capital requirements. The book is accompanied by a website
List Price: