value publicly traded company unlike a fine art project at least in theory this company can keep going and going and going forever so all I need to do to their leaders companies to what estimate cash flows that’s my version of health but I show what do valuers look for when valuing a property up in Harlem pretty pissed off I’m there they say the devil walking towards me dressed up like an investment banker don’t ask me why he says welcome to hell no choice what do you want me to do you like to do some valuations that’s not too bad I did it all to my regular life but I guess I could keep doing it at any point me towards.
Two for one stock split my price might stop doesn’t get cheaper price would drop by percent so what does it mean the context of pricing because you can’t compare the prices across companies go by the price by something price earnings price book value enterprise Sydney Property Valuation value to DEBIT multiple is just a standardized racks if you work in real estate it actually happens venereal estate properties.
with different sizes they have a price per square foot so basically you standardized surprised you compare across companies that are really not comfortable and then you tell me a story that’s relative valuation you can’t do that for him first fork in the road yet to decide about pricing something of value in something in this session I’m gonna focus on the valuation branch and there’s one.
i don’t I can put in which is perhaps the only thing in valuation its new and different that’s developed over the last four years there are some businesses that are better values options I talked a little bit-about this in the context of capital budgeting your young.
what we think of as a commercial insurance line that is we have workers compensation insurance anyway is bought by by companies businesses that that are Florida homeowners insurance quote required to cart to do something else they generically under the workers compensation statues alright so before we have to talk about the insurance itself let’s just printout that workers compensation typically refers to generically.
Anyway the laws that are required that are set up by the state to protect and employees when they have injuries on the job so indeed most states has some sort of workers compensation statute that provide that require that their employers thank you that provided their employers provide some sort of financial responsibility for any sort of loss of that is that could have occurred on the job workers.
compensation statute does not say that they have to buy insurance for this will discuss that in a second rather than the only the employer has to be responsible for those losses that occur on a job this these this responsibility is done again on a no-fault basis we’ve seen that before so again there doesn’t have to be any liability no one says its employees and the poor your fault it happens on the job sort of by definition is covered under the the workers conference workers compensation model of the statute and that state different states have different rules that’s what’s covered was not covered that’s a little beyond the scope of this discussion that do recognize that your statement might differ from a neighboring state again.
journals and has been named the distinguished reviewer by the journal of insurance issues Davide are pleased to have you here today thank you John I appreciate you not telling me and today we’ll continue with the second assignment in your webinar will discuss the various property casualty insurances and issues and then what. Dresden comes back for the life and health coverage assignment I’ll return to discuss the final song that much the regulation and legislation question but today.
we’re going to discuss homeowners insurance manatee county Florida some property and casualty concept in particular we can cover to specific personal lines insurance policies that is the homeowners and personal auto policy to sort of unique property casualty markets the surplus lines and the insurance market and then lastly will conclude with the commercial liability insurance coverage of specifically workers compensation but before we get started let’s get an idea to the familiarity of our participants with some of us particularly the auto and homeowners policies how many of our participants have actually read your homeowners and auto policies and this will be.
our first poll of go ahead and answer Halloween right well looks like at least some of you have some familiarity in terms of having read the policy so to the extent that the sum of this is excuse means in fact after the famous some of this is a review please bear with us for the rest of you hopefully that will be a nice overview in terms of out what the policy covers and before we get fully into the material i would like to say that the only question and the other questions that last year this seminar are meant to be interactive we’d like to have this be as interactive as possible I so if there are any questions please do use that you a thank you and