FERMA conference highlights growing importance of risk management in complex global business environment The insurance industry’s “traditional model” has become outdated and is so abstruse that the industry’s ability to compete is being jeopardized. European risk managers face the same …
There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics. For those who serve as their state’s ultimate authority on what factors insurers can use to raise or lower rates, political calculations …
E&S brokers seek new ways to grow, prosper in today’s changing market For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market. …
In a decision sought by corporate America to stem the tide of securities lawsuits, the U.S. Supreme Court pulled the plug on investors trying to sue some suppliers of a company whose stock price was inflated with the aid of …
Property casualty insurance insiders predicted 2008 will be a year of marginal growth as continued pricing competition will keep premiums low and profits lower — although that could quickly worsen if a natural catastrophe strikes. Those predictions — which follow …
Washington’s largest writer of medical malpractice coverage for physicians and surgeons has reduced premiums for 2008 by 12.5 percent, following what appears to be a record-setting year of profits for the company in 2007, according to the Washington Office of …
The Workers’ Compensation Fund, one of Utah’s largest insurers, is working to recover a stolen laptop that held personal data records for some 2,800 people. The laptop was taken Dec. 9 from an auditor’s car parked in the garage of …
Men and women are on different pages when it comes to disaster preparedness, with males typically believing they are more prepared than women, according to a national survey by AxcessPoints, a California-based online disaster preparedness service that helps consumers safeguard …
The insurance industry is a “C” student industry; the “A” and “B” students are working elsewhere, said the insurance company executive. Them’s fighting words, especially in a room full of CPCUs and risk managers. A man at a back table …
Washington State’s Kreidler believes now’s the time for the industry to face climate change Washington State Insurance Commissioner Mike Kreidler has proven adept at balancing the many demands placed upon state regulators, perhaps due in part to his background in …
