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Cleaning Up Traumatic Events

Life doesn't go smooth always and we have to survive its vicissitudes in order to keep moving on. Coming across a painful situation takes a lot of courage and bravery, and when there is no way out, we have to deal with those circumstances very tactfully. But there is no doubt that it takes a lot of pain to face the traumatic events and so it takes in cleaning it up. Many situations can be termed as distressing incidents, but nothing is as messy and gory as death. Whether it is a murder or a suicide, it is not only very painful to tolerate, but also very difficult to clean up. Clearing up a crime scene requires mental strength as well as physical capability as it involves cleaning and washing up the blood, bodily fluids, messy rooms, torn and dirty upholsteries and many kinds of harmful and potentially infectious materials or OPIM. Several incidents such as suicides, road accidents, mishaps in factories, homicides and infection through diseases require a good cleaning. On the other...

Underwriting Challenge - What's Wrong With

Years ago when I started as a cub reporter for the Daily Planet, I mean surety underwriter, I ran into a strange situation that was recently repeated. In this article we will present the scenario and ask you to use your underwriting judgement. The question is "What's wrong with this picture?" Scenario #1 Originally this came up on a Lost Instrument bond. The applicant claimed a negotiable instrument (anyone holding it could potentially cash it in) had been inadvertently destroyed. He was a young adult in his 20s who had inherited the asset. His financial statement showed little other than the asset in question, which was a problem because the underwriters do not want to feel that the person has a reason to fraudulently convert the "lost" asset and it's replacement. We wrote back and expressed the underwriting concern, that the applicants financial position was inadequate. In response we received a novel proposal: When the replacement instrument is issued,...