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Legal experts Frank Easterbrook and Daniel Fischel explained this theory in the book The Economic Structure of Corporate Law, published in 1985. They concluded that shareholders are the sole residual claimants of the company. However, another American legal scholar, Lynn Andrea Stout, argued for their theory. Analyze Risk Allocation Between Stakeholders Suppose Alfred Gomez is […]

So when the estimates are provided at the quoting or renewal stage, they’re used to charge a minimum acceptable level of premium for the risk. Whilst in theory an adjustable premium can result in a return premium, that is actually relatively rare, with most adjustments being for additional premiums. Liability insurance – The premium here […]