Sunday, April 26, 2009

Fraud

I found this article interesting so I am quoting it on here.
"Insurance fraud has existed ever since the beginning of insurance as a commercial enterprise.Fraudulent claims account for a significant portion of all claims received by insurers, and cost billions of dollars annually. Types of insurance fraud are very diverse, and occur in all areas of insurance. Insurance crimes also range in severity, from slightly exaggerating claims to deliberately causing accidents or damage. Fraudulent activities also affect the lives of innocent people, both directly through accidental or purposeful injury or damage, and indirectly as these crimes cause insurance premiums to be higher. Insurance fraud poses a very significant problem, and governments and other organizations are making efforts to deter such activities."
This just goes to show that it's been happening since the dawn of time, more or less. It's actually becoming a major industry in Canada & U.S, generating over 4 billion annually, in just those two countries.

Thursday, April 23, 2009

New Law School Rankings


The latest Law School rankings are out and you don't have to be a genius to figure it out. On that note, it was Yale who took the leading spot yet again, followed closely by Harvard in 2nd, and Standford in third. Other that Stanford all the previous top ten Law Schools remained in the same position as last year. The law schools run like clockwork, if you seen the top ten listings this year, your most likely wont have any need to look next year as they almost always remain the same. However simply being in the top 10 one year does not guarantee that they will be there next year. The Law Schools rankings are determined by a number of factors such as quality assessments by peer institutions, judges and attorneys; selectivity; employment and bar passage rates; and faculty resources. Clearly to be on this list the Law School must be top notch, but does it really matter if you go to the first ranked school as opposed to the second ranked? Well it all depends on your perspective and what you are wanting to gain, graduating from the #1 spot may gain you a position at a top Law firm, but Without the proper grades the position will not last long. One could graduate from a Low Ranking Law School with top grades and reach a higher position the a Yale Graduate, it all depends on how bad you really want it.

Wednesday, April 22, 2009

Insurance Claims?

Is it a waste of time to make an Insurance Claim? Many people would say so. Insurance companies are out there to make money from you, not necessarily to help you gain your lost money back. There are however many worth while insurance investment that pull through 90% of the time, such as theft and water damage. Insurance is one of those necessities of life that you will always need but never truly believe in.

Lawyers?

Law is one of those fields that attracts a certain type of people. Most people who become lawyers are eager to make money, and are more focused on the income then the job itself. The average salary for a Lawyer is 100k per year which is reasonable, but not the greatest. Many lawyers fish for clients, they turn down hundreds of clients until they get one that could earn them the most money. Law is a great career, but i believe you need to have a certain personality to become successful. What are your opinions on this?