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Despite a 67 percent drop in net income in 2008, excess and surplus lines insurers are still strong, according to a rating agency report prepared for NAPSLO.
Organizations across multiple industry sectors are turning to risk management information systems to achieve accuracy and reliability of data, a recent Aon eSolutions survey found.
The debate over wind-versus-water homeowner claims is not quite as cut and dried thanks to a ruling yesterday by the Mississippi Supreme Court in a Hurricane Katrina case.
No matter how many regulations or internal fail-safe systems an organization or a government puts in place, preventing systemic economic collapses means challenging peoples' worst instincts, an enterprise risk management conference was warned this week.
Longtime banking executive Liam E. McGee has assumed command of The Hartford Financial Services Group as its new chair and chief executive officer, replacing the retiring industry icon, Ramani Ayer.
There's been lot of talk on the acquisition front by excess and surplus lines insurers, but little action to date, even in a year that followed back-to-back declines in organic growth for the segment overall, according to a rating agency analyst.
W Maurice Greenberg, AIG's former chief executive, said rating agencies need government supervision, while credit default swaps should be regulated as insurance.
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