Living to 100 This article is based on a presentation Hartwig gave at the National Association of Mutual Insurance Companies Annual Convention. The complete presentation, “How to Live to Be 100 in the Property/Casualty Insurance Industry,” can be downloaded at …
People
In anticipation of the retirement of Chief Operating Officer John J. Degnan on Dec. 31, 2010, John D. Finnegan, chairman, president and chief executive officer of The Chubb Corp. announced several management appointments, effective Jan. 1, 2011: Paul J. Krump, …
Republicans Control State Houses
Republicans were not only victorious in the U.S. House but also in state houses across the country. The Nov. 2 election gave the GOP its largest number of seats in state legislatures since the Great Depression, according to the National …
It Figures
$7 Million The amount North Carolina employers’ stand to save on workers’ compensation over what the industry requested under a settlement reached with the state. The settlement orders a 0.6 percent increase for voluntary market loss costs and 4.1 percent …
Florida’s Low Collateral Rule Attracts 3 More Reinsurers
Florida insurance officials have agreed that three Bermuda-based reinsurers can participate in Florida’s insurance marketplace without having to post millions of dollars in extra collateral. The Office of Insurance Regulation’s (OIR) agreements are with Ace Tempest Reinsurance Ltd., Hiscox Insurance …
Crist-Crossed
It’s a new day in several state houses in the Southeast, which has been red for years but went even redder as it got caught up in the Republican tide that swept the nation. Voters elected new Republican governors in …
How Insurance Companies Live For 100 Years and More
Nearly 13 percent of property/casualty insurance companies today are more than 100 years old, which means they have been through two World Wars and the Great Depression. About 62 percent of 100-year-old companies are mutual insurers, while stock insurers account …
Why Private Companies Should Buy D&O Insurance
Broad Coverage, Relatively Low Cost, Innovative Programs Available Most public companies don’t need to be persuaded that their company needs directors and officers insurance. However, the matter is viewed differently by some private company managers, particularly those at very closely …
Georgia’s Hudgens Among New State Insurance Commissioners
The Nov. 2 elections will mean there will soon be a number of new insurance commissioners across the country. Three states – Georgia, California, and Oklahoma-elected new insurance commissioners. Republican state Sen. Ralph T. Hudgens will be the new Georgia …
Long-Living Traits
According to III’s Hartwig, businesses that have stood the test of time tend to: Be highly focused and remain true to their core business. They avoid businesses they don’t understand. Embrace some concept of mutuality. For example, some of the …
