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Mark E. Ruquet
The growth of microinsurance in developing countries is currently at the same point that insurance in developed nations was 100 years ago, one report suggestsand companies willing to enter into this unconventional business are already seeing some profit.
staff Writer
Boston-based insurer Liberty Mutual Insurance Group says it has acquired the Russian insurance company KIT Finance Insurance from KIT Finance Holding Co.
Christina Bramlet
"Insurance fraud is a continuous game of cat-and-mouse, explains James Quiggle, director of communications for the Coalition Against Insurance Fraud (CAIF). Investigators build a mouse trap, but then swindlers build a better mouse. The industrys best defense is amassing field intelligence and analysis and then throwing that up against a...
Mark E. Ruquet
Lloyds says record catastrophe losses led to a loss of more than $800 million for 2011 as the specialty-insurance market experienced the largest catastrophe-claims year in its history.
Anya Khalamayzer
Busy RIMS 2012 attendees can go mobile for the event with an app for Apple, Android and BlackBerry products that provides access to all the conventions resources.
Craig O'Connell
With the Compliance, Safety, Accountability Program of 2010 (CSA 2010), the Federal Motor Carrier Safety Administration is bringing unprecedented transparency to the transportation industry, installing a wholly new, comprehensive and detailed system for identifying and resolving carrier and driver-safety issues. It has introduced into industry vernacular several new benchmarks upon...
Bancassurance, a concept virtually unheard of prior to 2000, has since gained importance in many countries, particularly in India and China.
Bryant Rousseau
Each newspaper in the country in the last week or so has issued its annual early-spring prediction of where Major League Baseball teams are going to finish this year in their respective divisions (disappointing to see a lot of fourth-place picks for the Red SoxIm seeing a World Series win).
Mark E. Ruquet
A survey of personal-lines insurance customers indicates that insurers and agents need to focus on the younger generation of buyers to grow market share, or risk losing this generation to online-only writers.
In order to apply force to far-reaching and ever-evolving schemes, insurers will also need to overcome some substantial impediments to investigation. Anthony Roman, head of global security and risk-management firm Roman & Associates, outlines 10 key obstacles that require careful consideration:
Arthur D. Postal, Elizabeth D. Festa
The Financial Stability Oversight Council (FSOC) on April 3 approved the final regulation governing the factors it will use to determine whether an insurer is systemically significant.
Mark E. Ruquet
Sixteen state insurance agencies failed a national evaluation by the State Integrity Investigation, a private research project sponsored by the Center for Public Integrity, Global Integrity and Public Radio International.
Mark E. Ruquet, Phil Gusman
After suffering through a year of elevated property losses and poor underwriting results in 2011, U.S. commercial-lines insurers are positioned to deliver improved operating results this yearbut carriers will still struggle to reach previous profit marks, one analyst says.
staff Writer
The theme of the 2012 Risk and Insurance Management Society Conference is No Boundaries, and RIMS promises to deliver a week packed with updates on new and popular topics.
Anya Khalamayzer
Zurich-based reinsurer Swiss Re says its subsidiary Swiss Re Capital Markets has placed a $200 million insurance-linked security with the capital markets that has the unique feature of covering the reinsurance exposures of two carriers.
Chad Hemenway
As telematics data becomes an increasingly valuable and more widely accepted tool for writing risks, its adoption is rapidly growing in the commercial sector.
Shawn Moynihan
Emerging markets such as Brazil, China and India present great opportunity for insurers looking to expand their top-line growth, if not profitable growth.
Anya Khalamayzer
National Underwriter risk board members and RIMS veterans weigh in on their past experiences, present hopes and future expectations of the 2012 Risk and Insurance Management Society Conference.
Mark E. Ruquet
Insurance broker Aon announced April 2 that it has completed the move of its corporate headquarters to London.
Michael P. Voelker
The economy is down, and fraud is upalong with consumer acceptance of fraudulent behavior. A best-practices approach requires using new and established tools and building a reputation for being aggressive in the fight against fraud. Four insurers reveal how theyre waging war against fraudsters.
Mark E. Ruquet
Robert S. Goldstein, former chairman andCEO of the managing general agency BenefitPort Mid-Atlantic, has come out of retirement to launch Unique Insurance Concepts LLC, a Palm Beach, Fla.-based holding company that aims to acquire surety agencies.
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