Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s then-largest company, American International Group, began its precipitous collapse. It …
Crist Free Market “Isn’t it the free market approach? I’m a free market guy, but I think we need to keep our eye on insurance companies, property insurance companies specifically. They have a history of not being the kindest, warmest …
Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but profits and profitability both tumbled as catastrophe losses, …
The harsh weather of spring, including hard rains, flooding and tornadoes, has already hit parts of the Midwest and the South. It’s a reminder to small business owners everywhere that they need to be ready when disaster strikes. Preparing for …
In Kentucky, it’s tornadoes, torrential rain or ice-encrusted trees and power lines, weather emergencies seemingly all the time. But state officials also want to be prepared for the possibility of a disease outbreak or manmade emergencies like a hazardous chemical …
In the midst of the financial turbulence, it’s easy to lose sight of longer-term trends. The economic downturn doesn’t necessarily mean the end of certain industries, but it does imply that there are some changes ahead. The global property/casualty (P/C) …
Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but profits and profitability both tumbled as catastrophe losses, …
Boston’s AIR Worldwide Corporation announced that it has provided risk modeling and analytical services for more than 10 billion dollars in insurance-linked securities since 1996 and over 56 percent of total issuances since 2007. “Risk modeling is a key element …
Construction has been halted at Goldman Sachs’ new headquarters in lower Manhattan after a worker’s hammer fell 18 stories and crashed through the rear window of a passing cab. No one was injured on Wednesday after the hammer fell from …
Flight data point to possible flight crew errors rather than ice accumulation as a key factor in last month’s plane crash near Buffalo, New York, that killed 50 people, aviation safety experts said. The National Transportation Safety Board said information …
