Meanwhile, he added, "on the other side of the table you have business-line executives who are under pressure to improve performance now. This prompts them to think in the short term, where they can g
The American Insurance Association strongly disagrees with Sam Friedman's April 17 editorial, "A View From the Fence." When it comes to reforming state insurance regulation, fence-sitting is exactly
Introduced by Rep. Tom Feeney, R-Fla., the Competitive and Open Markets that Protect and Enhance the Treatment of Entrepreneurs, or COMPETE Act, would establish alternative SOX requirements that small
In addition, S&P affirmed its "double-A-minus" counterparty credit and financial strength ratings on The Hartford's core property-casualty and life insurance subsidiaries. The outlook on all of these
The firm noted that side-cars are a recent innovation in the "catastrophe-battered insurance and reinsurance industries, whose managements are seeking solutions to stabilize capital and to reduce earn
Through such a controlled arrangement, performance replaces promises, and SIGs agreeing to long-term commitments have been known to save millions of dollars in costs over the years by staying the
Last month, the Consumer Federation of America accused Geico of adopting unfair rating practices by basing auto insurance eligibility and premiums on educational background and occupations of consumers.
But while it holds significant promise for virtually every industry, nanotech also carries a number of unknowns. That's why risk managers need to be aware of the new dimensions it is likely to bring