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Supporting strategic initiatives outpaces pure efficiency and cost reduction elements in terms of the highest goals among insurance industry CIOs. Thats the takeout from Novaricas latest research report: Creating Enterprise Value as CIO.
Validus Holdings, Ltd. says fourth-quarter net income available to shareholders fell over 73 percent to $27.3 million as insured losses from catastrophes continued to take their toll.
Risks associated with the Super Bowl have grown more complicated with so many events and activities planned around the actual game. Experts weigh in on some of the top risks for both the Super Bowl and events associated with it.
With the two largest rating bureaus making big changes in the workers' comp arena, agents chances to outsmart the competition have perhaps never been better.
Chicago-based insurance broker Aon Corp. says 2011 fourth-quarter net income increased 20 percent as pricing in the insurance marketplace showed signs of stabilization.
National Crop Insurance Services (NCIS) says indemnity payments in 2011 surpassed $9 billion for the first time in historyand Moodys Investors Service says this development could put smaller, geographically concentrated insurers at risk.
Contingent-commission payouts are expected to be 12 percent higher this year than in 2011 as insurers make changes in the way they compensate agents, according to a report from consulting firm Ward Group.
Standard & Poors Ratings Service warns that signs are pointing to more unprofitable years for the U.S. Workers Compensation insurance market, and downgrades could be in the future if no improvement is shown.
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