Components aren’t easy to create and implement for existing companies like insurers. However, it’s about to become easier, and what companies get in return for creating components is significant.

PropertyCasualty360.com's Agent & Broker Channel Editor Laura M. Toops is twittering every day about breaking news and timely topics — not to mention keeping readers up to date on agent and broker-related news and analysis being posted on PropertyCasualty360.com.

American International Group Inc.’s $4.1 billion charge to bolster the reserves of its property and casualty unit, Chartis, means AIG will need to raise prices, said William R. Berkley, chief executive officer of W.R. Berkley Corp.

A greater international focus for businesses, including operations and supply chain, motivated the Vancouver location of the 2011 conference of the Risk and Insurance Management Society’s Annual Conference & Exhibition.