NU Assistant Managing Editor Caroline McDonald looks at enterprise risk management strategies used by the U.S. Department of Defense and asks whether these methods could be viable in corporate America.

New York-based Insight Catastrophe Group, an insurance portfolio manager and risk advisor, announced the appointment today of Daniel Brooks Clark as senior vice president and chief underwriting officer of Coastal Risk Underwriters, LLC.

The chairmen of key Senate and House committees promised President Obama they will work together to have legislation on his desk by year's end creating a "new, more robust regulatory framework" for financial services firms.

With version 15, the LifePRO application is developed in Fujitsu NetCOBOL for .NET and the Microsoft .NET framework. The .NET framework offers interoperability and ease of integration with other

Less than a month after Max Capital and IPC Re announced their boards approved a merger deal valued at roughly $900 million, Validus Holdings has presented the IPC board with a rival bid valued at $1.68 billion.

Insurance Services Office in Jersey City, N.J., announced they are offering a new facility so insurers can report title data for total loss vehicles to comply with federal law aimed at preventing sales of stolen and salvaged motor vehicles.

Erie, Pa.-based auto insurer Erie Indemnity Company said Marcia A. Dall is its new chief financial officer, replacing Philip A. Garcia, who is leaving the company after 28 years of service.

A reinsurance brokerage said net income for the European reinsurers it follows dropped $22.4 billion year-over-year to a loss of $7.5 billion for full-year 2008.