PHYSICAL PRIVACY Coursework Example | Topics and Well Written Essays - 750 words - 1

PHYSICAL PRIVACY - Coursework Example For our current assignment though, I am going to take one ethical issue that was embedded into that business decision and discuss it in great detail. I will do my best to discover all of the facts that I will need in order to create an informed analysis of this particular ethical issue and make some suggestions pertaining to how the ethical issue may be dealt with by the insurance company prior to it actually becoming an ethical situation that the company has to handle. For this particular assignment, I have chosen to deal with the problem of Agent Honesty when it comes to their treatment of client policies and collection agreements. In order to deal with this problem, the insurance company must first acknowledge the fact that the agents have a strong tendency to commit fraud once they have a non-exclusive partnership with the insurance company. Since they are basically freelancers, they do not answer directly to the company for any of their actions. If an insurance company uses too many independent agents, the possibility of being able to monitor all of their client based actions diminishes. Independent agents prefer having the more limited relationship that their status provides with the company as opposed to an exclusive agent who is bound by more company rules and regulations in terms of ethics. That is why in the case of independent agents, the tendency of the insurance company is to have a narrow and specific view of the agent's business actions. The company will tend to not care too much about the actions of their independent agents without realizing that the unethical actions of the independent agents will have clear ramifications for their company as well in terms of protecting their clients against fraud. It is most likely that not all independent agents are aware of the fact that they are committing fraud in certain instances due to their lack of proper manpower training in terms of insurance sales services. Therefore, it is important that the compan y reiterate the importance of honesty in all their business dealings in order to preserve the image of the company with future clients, and enhance their company image with their existing client base. Agents need to always be ethical and compliant of all government insurance standards. There is no gray area in this matter. Rogue insurance agents can cause the insurance company a sizable amount of fines and potential financial losses through fraud related lawsuits that the company will find itself facing. Considering the lack of company based supervision of independent agents, it would seem more logical for insurance companies to deal with exclusive agents instead since they can have a more personal relationship with these agents whose actions and portfolios are open and easily accessible to the company. Thus making it easier to detect ethical violations at any given time. It is of the utmost importance that insurance companies be highly observant of their independent agent's pattern s of behavior or financial transactions over a period of time. This will help the company sniff out the potential abnormalities in the actions of the agent that could signify that the agent is involved in fraudulent actions against the company clients and the company itself. This can usually be determined by observing the agent's pattern of payment submission to the insurance com

Week 10 Assignment 5.2 Essay Example | Topics and Well Written Essays - 1000 words - 1

Week 10 Assignment 5.2 - Essay Example In Asia Pacific alone, the industry is seeing a rapid growth in air travel demand. (Kollau, R., 2011) In the western part of the world, Southwest Airlines is one of the leaders in low-cost carriers. (Jones, C., 2012) The company registered a net income of $421 million in 2012 with over 3,000 flights daily. (Southwest, 2013) With the demand for low-cost air travel increasing, airline companies are coming up with ways to get their share of consumers to stay in business. Although Southwest Airlines is still earning revenue (S.D., 2011), it should not be complacent and should continue to look for ways to keep making income. One method is to acquire a bigger aircraft which could accommodate more passengers but at the same time be cost-efficient. Comparisons and projections were made between the efficiency of Southwest Airlines’ existing fleet and a new fleet inclusive of the Boeing 737-900ER, by far the biggest aircraft in the series. (Boeing, 2013) Data was gathered from the websites of Boeing and Southwest Airlines. With the inclusion of AirTran’s planes which Southwest acquired in May 2011, Southwest Airlines had operated 694 Boeing jets by the end of 31 December 2012. (Southwest, 2013) This is equivalent to a combined seating capacity of 94,310. Figure 1 shows the breakdown of airplane type, number of aircrafts per type and the seats per aircraft. The Boeing 737-900ER replaced the 737-900 between 1997 and 2003. It is the latest model in the 737 series and can carry up to 180 passengers or up to 220 passengers depending on the layout. (Boeing, 2013) Figure 2 shows the additional seating capacity of the Southwest Airlines fleet with the Boeing 737-900ER. With a significantly lower operating cost, the 737-900ER is capable of going to 96% of the route of an obsolete but popular Boeing model, the 757. (Media, 2013) The newer model has been in demand in the industry ever since its