No matter how many regulations or internal fail-safe systems are put in place, can enterprise risk managers account for the worst instincts in human nature, wonders NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.

Validus Holdings, after a bitter takeover battle to acquire fellow Bermuda reinsurer IPCRe Holdings last month, is cleaning house at the company.

Contingent commissions could represent a conflict for insurance brokers but it can be managed, former New York Insurance Superintendent Eric Dinallo said.

Reversing a downward trend, the frequency of medical malpractice claims against hospitals is rising, an insurance brokerage and risk management group has found.

The board of directors of the Bermuda Monetary Authority has announced that Jeremy Cox was appointed chief executive officer of the Authority, effective Jan. 1, 2010.

Hurricane Rick should do little damage in hitting the expensive insured commercial properties in Mexico's Baja Peninsula, AIR Worldwide catastrophe modeling firm said.

The Chubb Group of Insurance Companies and FM Global were the big winners in the first "Risk Manager Choice Awards," based on a survey by the Flasp?hler Research Group, in partnership with National Underwriter.

Brown & Brown Inc. reported third-quarter net income of $41 million, up just under 1 percent from 2008 net income of $40.6 million.