What Is the Bornhuetter-Ferguson Technique? The Bornhuetter-Ferguson technique is a method for calculating an estimate of an insurance company’s losses. The Bornhuetter-Ferguson technique, also called the Bornhuetter-Ferguson method, estimates incurred but not yet reported (IBNR) losses for a policy year. This technique was created by two actuaries, Bornhuetter and Ferguson, and was first presented in 1975.
What Is Borrowed Capital? Borrowed capital consists of money that is borrowed and used to make an investment. It differs from equity capital, which is owned by the company and shareholders. Borrowed capital is also referred to as “loan capital” and can be used to grow profits but it can also result in a loss
What Is a Borrowing Base? A borrowing base is the amount of money that a lender is willing to loan a company, based on the value of the collateral the company pledges. The borrowing base is typically determined by a method known as “margining,” in which the lender determines a discount factor, which is then
What Is the Bosnia-Herzegovina Convertible Mark (BAM)? The Bosnia-Herzegovina Convertible Mark (BAM) is the national currency of Bosnia and Herzegovina. It is comprised of 100 subunits called fenings and was first introduced in 1995. Key Takeaways The Bosnia-Herzegovina Convertible Mark (BAM) is the national currency of Bosnia and Herzegovina.It was introduced in 1995 as part
The sky might be darkening, but there is still plenty to enjoy from the harvest. The first Mandarin oranges of the season are coming to market now. There are several varieties of Mandarin–some are sweet and some are tart. Members of the Mandarin orange family include clementine, dancy, satsuma and tangerine. Most of the Mandarins
It really does feel like the end of summer here in the Sonoma Valley this week. The weather has turned breezy and slightly cooler. At the farm market in the Sonoma town plaza this past Tuesday evening a sweater was in order once the sun dipped below the valley edge. Our growers still have a
Chickpea Chana Masala with rice and roti Chickpeas can be boiled, sauteed, roasted, and baked. They can be added to stews and turned into hummus. Chickpeas can be used in appetizers, mixed salads, and soups. The nutty flavor and creamy texture of the chickpea make it a robust and hearty addition to many dishes. The
Garden cress on scrambled eggs Cress is a common name for more than a dozen sharp, pungent, small-leafed greens that can be added to salads and sandwiches and soups and used as a base for roast beef or chicken. Cress brings a dash of hot and spicy to stir-fries and purées and can be finely
The subtle flavor and meaty texture of eggplant make it especially versatile in cooking. Perhaps that’s why eggplant is found in so many cuisines around the world. One of the strengths of eggplant is its ability to absorb the flavor of whatever it is cooked with and at the same time add a creamy bulkiness
Serve figs sliced and drizzled with milk or cream, perhaps add a dusting of sugar. For a blend of sweet and savory, wrap fig slices in proscuitto, also thinly sliced. Ripe figs are intensely sweet. Some say the fig is the sweetest of all fruit. That’s probably true. Figs were commonly used as a sweetener
