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With premium volume dropping, underwriting losses soaring and the third-quarter bottom line plummeting into negative territory, you have to wonder if the industry will end up in the red when the books
Neither Sen. Barack Obama nor Sen. John McCain have the guts to tell America the hard truth about Social Security--that the government for years has "borrowed" the trust fund's surplus, and has no inte
Now that Uncle Sam has bailed out AIG, what happens next? Can enough assets be liquidated in a fire sale atmosphere to repay the federal loan in time? How will AIG reassure nervous risk managers whose
The admission by baseball star Alex Rodriguez that he took performance-enhancing drugs is symptomatic of an "anything goes" culture in which frauds are only sorry they got caught, and people feel no
First, New York's Eliot Spitzer had to step down as governor in the wake of a prostitution scandal, and then high-profile trial lawyer Richard "Dickie" Scruggs pled guilty to bribing a judge--and in a
Robert Hartwig, president and chief economist of the Insurance Information Institute, predicted that the verdict--which included $1.5 million in punitive damages--means "trial lawyers will read this a
Paul Graziano, executive vice president of Aon's National Industry and Product Group, pointed out at the seminar that the more efficient a client's supply chain is, the more susceptible it is to disru
In comments after a speech to life insurance agents meeting here, Mr. Bell, also insurance commissioner of Alabama, said it was essential that small insurers have access to claims and other data in o
ISLE OF PALMS, S.C.--The Internet may make stolen art items easier to sell, but it also puts the thieves at greater risk of discovery, an executive with a theft tracking firm told members of the Inland
Stephen Cauffman, with the National Institute of Standards and Technology, made his comments to the Inland Marine Underwriters Association's annual meeting here in the course of outlining the recommen
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