Victor Parker, risk management director for the City of Los Angeles, shares his mitigation strategies for some of the trickiest exposures in the U.S., extols the value of sticking ones neck out, and proudly discusses the program innovations introduced under his watch that saved millions and generate revenue.
Despite poor financial results, competition among insurers continued to be intense in the second quarter, but depletion of capital signals rising commercial insurance rates ahead.
Citing concerns that the market is still unable to overcome potential losses from future terrorist attacks, insurance industry representatives recently testified before House panels that the national