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Priceline.com experimented with selling gasoline and groceries under the Name Your Own Price model in 2000, at the height of the dot-com bubble, through a partially owned affiliate, WebHouse Club. Priceline got into the online auction business with Priceline Yard Sales , where individuals would use the Priceline system to haggle for various ...
Priceline.com, an online travel agency offered a name your own price option. However, by 2005, Priceline began to de-emphasize this system, [10] and added published price options on its websites. [9] A 2014 academic study showed that posted prices can guarantee higher profitability to service providers than the name-your-own-price mechanism. [11]
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Priceline.com clarified the details this morning on its massive $1 billion bond issue. According to the company, the billion dollars worth of convertible notes will: Pay their owners 0.35% ...
State laws require that all licensed property and casualty insurance companies belong to the guaranty funds in every state where the companies are licensed to do business. A guaranty fund system also exists for the life, health, and annuity insurance industries, but operates independently from the property and casualty system.
The state determined that it would only guarantee policy values up to a total of $100,000, based not on who the buyer was, but on the insured. This impacted policyholders such as William Underwood, who had paid $50,000 for a single-premium annuity in 1987, and convinced his mother and mother-in-law to invest $40,000 each in their own annuity ...
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