Bidding Farewell to AIG’s Legendary Hank Greenberg In America, nothing fails like success, wrote novelist Budd Schulberg. That thought, among others, was on my mind as reports swirled around that Hank Greenberg, AIG’s chairman and CEO, would soon be relinquishing …
Which comes first, the chicken or the egg? There is a general perception that agency value has been increasing the past few years. This belief is partially true and is the result of a self-fulfilling prophecy. In the past few …
For an insurance agency there are just a few critical valuation drivers necessary to build up the value of the firm. Although they are easy to identify, they are not always easy to turn around. The following is a summary …
Berkshire Hathaway’s Buffett on Insurance Economics, 2004 Results By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5 percent fell short of the S&P …
In the aftermath of the devastating Southern California Wildfires of October 2003, claim adjusters went to work in an area where an estimated 3,631 structures were destroyed. In many cases the only remaining indication of a house was its concrete …
While coastal homeowners are expected to face rising prices and restrictions on their insurance, those on drier land should fare better in 2005. The Insurance Information Institute has projected that the average cost of insuring homes will rise by only …
New Hampshire is the only state that doesn’t require adult motorists to wear seat belts, but it does ticket drivers for eating, drinking, talking on a cell phone or fussing with their makeup while behind the wheel. The state whose …
New York Attorney General Eliot Spitzer’s “reckless efforts to land himself on the front page” with high-profile investigations of America’s financial institutions are “making it harder to do business and create jobs in New York,” according to state GOP Chairman …
Having decided last year to end its support after four years and $30 million, The St. Paul Travelers Cos. has now agreed to funnel funds one last time into a Maryland insurer it helped start as a model to serve …
U.S. business leaders came out in force last month to urge renewal of the federal Terrorism Risk Insurance Act and warn that market restrictions on terror insurance coverage are already beginning to be felt in the marketplace, 10 months before …
