Etymology & Historical Origin-Hank. Most people know that Hank is short for Henry or Harry but it actually started out as a medieval diminutive of John. Hank essentially developed from Hankin where by âHanâ was short for Johan (a German and Scandinavian form of John) and â-kinâ was a Middle English diminutive suffix.tymology & Historical Origin-Hank. Most people know that Hank is short for Henry or Harry but it actually started out as a medieval diminutive of John. Hank essentially developed from Hankin where by âHanâ was short for Johan (a German and Scandinavian form of John) and â-kinâ was a Middle English diminutive suffix.
The ACE Program is literally a toolkit for State Farm insurance adjusters and their supervisors on how to deny claims and not pay out no-fault benefits â all in the name of achieving higher profits. According to internal State Farm Insurance documents, the ACE Program focused on reducing âshortfallâ in Michigan auto claims. This meant reducing pay-outs to the tune of $30,000,000.
In some cases, Builders Risk coverage can also be provided. All contractors provide their bids excluding insurance and are covered under the one policy for the term of their operations on the project. Benefits of a Wrap Up Program Most Wrap UP programs are undertaken with the goal of achieving cost savings based on economy of scale. In today's insurance marketplace, the unavailability of insurance for many contractors working on condos, townhouses, multi-family residences, and tract homes or subdivisions is a major reason for the program.