Financial Tip from Professionals

In life sometimes, it is a much better choice to do a thing as you have been advised by a professional. Of course, you can and should make your own decisions, but in situations where you don’t have a lot of experience at and some professional give you his personal advice, you should really consider his advice because most likely it is much better than you wanted to do. Some people believe in professional help so much that they are paying professional people just to advise them on certain things. When dealing with finances, is strongly recommended that you hire a professional advisor because he can help you make some really good decisions.

Educate Yourself

If you don’t want to listen to professionals and take their advice, then you have one smart option left and that is educating you. Unlike professional advice, education is free, you can find anything on the internet. The QProfit System can help you finance a professional advisor if you want to hire one, but if not, then use the internet to your advantage. However, when dealing with finances it is always best to listen to a professional because otherwise, you are risking losing all of your money.

Travelers Insurance:
Focusing on Climate Change and Natural Catastrophe Risk
by Andrew Hoffman

Product Type: Case Publication Date: 07/2013 Product ID#: 1-429-347 Length: 28pages
Core Disciplines: Corporate Social Responsibility (CSR); Leadership/Organizational Behavior; Management Information Systems; Strategy & Management; Sustainability
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TEACHING NOTE: Available to Registered Educators. Please login to view it.
DESCRIPTION: Evan Blue is the fictional vice president of the Enterprise Risk Management and Business Conduct Group at Travelers Insurance. His challenge in this case is triggered by a report from Ceres called “Stormy Future for US Property and Casualty Insurers: The Growing Costs and Risks of Extreme Weather Events.” The report highlighted the need for insurance companies to evaluate climate change risk and develop multi-pronged response strategies. Business pressures included shareholder concern, increasing natural catastrophe losses, and pending regulation. Blue’s boss, Travelers CEO Jay Fishman, is looking for an answer from him by the next day. The case presents current scientific information on climate change and its impacts on the US. It takes a look at the state of Travelers’ business model and finances, as well as actions the company could take, providing students with the opportunity to translate scientific data and climate change modeling to a business case for risk mitigation.
TEACHING POINTS:
Discuss climate change strictly as a business concern.
Expand the discussion of climate impacts to include adaptive measures to the usual conversation around mitigation.
Understand the insurance and reinsurance sectors and consider how the physical impacts related to climate figure into their business planning models.
Consider multiple ways of making the business case for addressing climate change within the insurance sector.
Consider the multiple (existing and emergent) products within the insurance sector and how climate change alters their structure and performance.
Discuss a company’s obligation to do the “right thing” with regard to climate change as well as whether the “right thing” is always clear for a company.