The contributions of the figures selected as the industrys Top 25 Living Legends to P&C insurance have been epic, monumental, and are sure to be discussed and studied for decades to come. Each profiled visionary has fundamentally changed the way insurance is done, likely forever.
Over the past year the major ratings agencies have expressed concern over challenges the Workers Compensation line has faced during the recession, as well as the continued pressures it faces in achieving long-term profitability. In its January briefing, Standard & Poors went so far as to describe Workers Comp profitability...
As the head of the risk-management department at NYU, one of the countrys largest private institutions of higher learning, Michael Liebowitz faces an incredible array of risks every daymany of which never crop up in Corporate America.
When it comes to providing information to senior financial executives, risk managers need to understand the importance of speaking the language of the treasurer and CFOand not the language of risk and insurance. They also need to understand the importance of using broker information and assistance appropriately.
Century Surety President Christopher Timm provides an E&S carrier executive perspective on the property insurance market, revealing that a remarkable period of natural disasters has had less direct impact on the U.S. surplus lines insurance marketplace than on admitted carriers. But pressures from global reinsurers could fuel capacity challenges and...
The ERM “rock-lifting” process can be daunting, especially when risk-related issues are being examined for the first time. Here are some problem-solving techniques, or “heavy lifting tools,” that can be helpful.
Like serving any large, multi-course meal, ERM projects can be large, intimidating, tough to coordinate, and difficult to digest. In tackling an ERM rollout, breaking down the project into components is essential for success.
Price declines are the biggest risk factor for primary property and casualty companies, according to Standard & Poor’s, and the declines are a reason why commercial lines remains the only insurance sector with a negative outlook.
Like serving any large, multi-course meal, ERM projects can be large, intimidating, tough to coordinate, and difficult to digest. In tackling an ERM rollout, breaking down the project into components is essential for success.