The first thing we do, let’s kill all the lawyers.” Shakespeare’s 400-year old barb aimed at the legal profession (Henry VI, part 2) is an early, if somewhat drastic, call for tort reform. It certainly wasn’t the first exasperated cry …
Two years later, fate of the historic act remains unknown If a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several committees. …
According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and 499 people and …
According to the U.S. Census Bureau there were 5,652,544 firms actively doing business in the U.S. in 2001, the latest available totals. This doesn’t count the millions of people who are self-employed. 5,036,845 of them employed less than 20 people. …
Looking at this issue reminds me of how things have changed over the years. I frequently listen to a “Nostalgic” music station—yes, even in France these exist—and they play Ray Charles and the Beach Boys, and recently the song from …
As Costello famously asked Abbott, “Who’s on first?” A new report released by leading independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting discipline during the 2003-2004 renewal season.” …
According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and 499 people and …
For all of its symmetry—four precise weeks of seven days each—it presents some remarkable anomalies. Every four years it adds a day, as it will this year. America celebrates the birthdays of its two most celebrated presidents on the 16th, …
According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and 499 people and …
According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …
