Personal Lines

What can risk professionals do to motivate colleagues to truly embrace ERM and drive ORSA-related initiatives?

What can risk professionals do to motivate colleagues to truly embrace ERM and drive ORSA-related initiatives?

British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.

British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.

Britain's insurers are preparing to pay out hundreds of millions of pounds in claims following a run of winter storms that have flooded homes and disrupted travel, though the absence of major damage should limit the impact on their 2013 results.

The Congressional Budget Office says efforts to delay flood-insurance rate hikesas proposed in a Senate bill under considerationwould add $2.2 billion to the National Flood Insurance Programs debt over 10 years, raising concerns that the bill will run into strong opposition in the House.