Economic capital modeling (ECM) is a critical tool in the Enterprise Risk Management (ERM) process, and one that is being increasingly accepted by insurance company senior management, according to industry experts. In addition to the support of senior management throughout …
Washington, D.C.-based the American Association for Justice, formerly the Association of Trial Lawyers of America (ATLA), recently released its study ranking insurance companies based on consumer friendliness and more. The group said it based its findings on financial and legal …
John Charman, chief executive of Bermuda insurance group Axis Capital Holdings Ltd expects to pass on the CEO position to a successor when his contract ends in just over five years. Charman, in an interview, decided this year to renew …
Suhr Risk Services, a California based retail property/casualty and benefits brokerage, added Sheldon Beitzel to it’s Property and Casualty Division. Beitzel has joined the Premier Client Division, which focuses on manuscripting creative risk management solutions to businesses based in California.
City officials in Provo, Utah, may put bad dogs — and their owners — on a shorter leash. The Municipal Council is considering an ordinance that would classify some dogs as “at risk” or “dangerous’ and require their owners to …
San Diego-based EMB, a specialist property and casualty actuarial and business consulting firm, announced that Claudine Modlin has joined the company as a senior consultant. Modlin brings more than 17 years of experience in the P/C industry to her new …
Allstate Corp. will have to lower its rates on California homeowner policies by 28.5 percent making an estimated $255 million in annual savings for consumers, the state’s Insurance Commissioner Steve Poizner said. “In today’s sputtering economic environment, people need all …
Back-office firm WNS (Holdings) Ltd said it acquired insurer Aviva’s business process offshoring (BPO) business for about $228 million, a deal that will give the company $1 billion worth of outsourced work over a period of eight years. WNS also …
The New York Workers’ Compensation Board must do a better job of showing why a significant assessment was been levied against employer groups in the state that self-insure against workers’ compensation claims, a Supreme Court judge in Albany has ruled. …
In a big week for insurance lobbyists, a key House subcommittee advanced three major insurance regulatory measures. The U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises marked up bills creating a federal office of insurance …
