Business as usual is not the usual any more, and insurers might do well to prepare for a period of heightened enforcement and concomitant reputational risk.
As we bid adieu to 2009, many in the insurance industry are looking to the new year with greater optimism than they might have thought possible this time last year.
On April 18, 1906, a rupture of the San Andreas Fault was felt from southern Oregon to south of Los Angeles. Measuring 8.25 on the Richter scale, the tremor killed an estimated 3,000 people and caused $500 million in damages.
For decades, there has been talk of creating a federal insurance regulator. The industry remains split on the issue, with the life industry generally in favor of federal oversight, but with
That may change, as I believe it likely regulators will soon begin developing requirements for insurers regarding ERM programs. Why should regulators put ERM into their oversight scheme? There are
Businesses all across America breathed a collective sigh of relief in December 2005 when the federal Terrorism Risk Insurance Act was extended for two more years--only days before its year-end
DebugScreen: mobile
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"articles": [
{
"uri": "/2012/04/12/embracing-transparency-in-government-investigations-could-be-a-reputational-boon-to-carriers/",
"title": "Embracing Transparency in Government Investigations Could Be a Reputational Boon to Carriers",
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"summary": "Business as usual is not the usual any more, and insurers might do well to prepare for a period of heightened enforcement and concomitant reputational risk. ",
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},
{
"uri": "/2010/10/17/social-media-presents-both-risks-opportunities/",
"title": "Social Media Presents Both Risks, Opportunities",
"byline": "Howard Mills",
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"prettyDate": "October 17, 2010",
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"summary": "Ever heard of the Fujiwara effect? It's when two tropical cyclones come in such close proximity that they actually begin to orbit one another.",
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{
"uri": "/2010/07/25/finl-services-reform-to-dos-likely-to-linger/",
"title": "Fin'l Services Reform To-Dos Likely To Linger",
"byline": "Howard Mills",
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"prettyDate": "July 25, 2010",
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"summary": "One of the most famous quotes of baseball legend Yogi Berra was his adage: \"It ain't over till it's over.\"",
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{
"uri": "/2010/01/03/reform-initiatives-will-make-2010-challenging-for-insurers/",
"title": "Reform Initiatives Will Make 2010 Challenging For Insurers",
"byline": "Howard Mills",
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"prettyDate": "January 03, 2010",
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"summary": "As we bid adieu to 2009, many in the insurance industry are looking to the new year with greater optimism than they might have thought possible this time last year.",
"body": null
},
{
"uri": "/2009/11/15/in-fraud-its-the-devil-you-know/",
"title": "In Fraud, It's The Devil You Know",
"byline": "John Lucker, Howard Mills",
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"prettyDate": "November 15, 2009",
"timeToRead": "8 minute",
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"summary": "For insurers, the current economic environment appears to have brought one thing along with it: an increase in the incidence of fraud.",
"body": null
},
{
"uri": "/2009/06/28/insurers-need-to-rebuild-credibility-with-stakeholders/",
"title": "Insurers Need To Rebuild Credibility With Stakeholders",
"byline": "Rebecca Amoroso, Howard Mills",
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"prettyDate": "June 28, 2009",
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"summary": "On April 18, 1906, a rupture of the San Andreas Fault was felt from southern Oregon to south of Los Angeles. Measuring 8.25 on the Richter scale, the tremor killed an estimated 3,000 people and caused $500 million in damages.",
"body": null
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{
"uri": "/2009/03/15/can-split-industry-influence-new-federal-oversight-bill/",
"title": "Can Split Industry Influence New Federal Oversight Bill?",
"byline": "Howard Mills",
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"prettyDate": "March 15, 2009",
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"summary": "For decades, there has been talk of creating a federal insurance regulator. The industry remains split on the issue, with the life industry generally in favor of federal oversight, but with",
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{
"uri": "/2007/09/02/regulators-should-push-insurers-on-erm/",
"title": "Regulators Should Push Insurers On ERM",
"byline": "Howard Mills",
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"prettyDate": "September 02, 2007",
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"summary": "That may change, as I believe it likely regulators will soon begin developing requirements for insurers regarding ERM programs. Why should regulators put ERM into their oversight scheme? There are",
"body": null
},
{
"uri": "/2006/06/18/the-clock-is-already-ticking-on-tria-renewal/",
"title": "The Clock Is Already Ticking On TRIA Renewal",
"byline": "Howard Mills",
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"prettyDate": "June 18, 2006",
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"summary": "Businesses all across America breathed a collective sigh of relief in December 2005 when the federal Terrorism Risk Insurance Act was extended for two more years--only days before its year-end",
"body": null
}
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}
