Button Up: Helping to manage and respond to ever-evolving compliance requirements has become a mainstay for IT professionals in today's insurance industry. In ...
Go Figure: Over the past two years, a number of class-action lawsuits have been filed against property/casualty insurers over the use of software that calculates the ...
Handle With Care: America's insurance carriers paid an estimated $38.2 billion to settle private-passenger auto physical damage claims in 2007, and in 2008 it increased to ...
Handle With Care: Challenges for Adjusters : Customers view claim-filing as the moment of truth in their relationship with the carrier, an event which ultimately defines the company in the consumer's ...
In Harm's Way: High-profile sports events, such as next year's Football World Cup in South Africa, draw hundreds of millions of television viewers while leaving ...
Inside Information: In the current economic downturn, enterprise risk management is helping carriers plan, organize and control activities to minimize the effects of risk on ...
Inside Information: Putting IT to the Test: Carriers are turning to various technology solutions to assist their enterprise risk management strategies. Deloitte & Touche LLP's Risk Intelligence ...
Insight: Bringing Policies In for a Tune-Up: Given the recent shifts in the equipment-breakdown insurance marketplace, and the fact that today's equipment and machinery are advanced far beyond what anyone ...
Insight: Family Matters: Owners of closely held family businesses are no strangers to risk. In many family businesses, uncommon solutions for future growth are the norm. Financial ...
Insight: Fraud-Fighting: Through technological advancements in data sharing and data analysis--such as link analysis, data visualization, predictive modeling and other ...
Insight: Here and Now: Most everyone has heard the saying that "the best time to invest is in a down market." While that may be true for those fortunate enough to have money or a ...
Insight: The Why and How of Risk-Based Planning: At 10:16 p.m. on Feb. 12, 2009, Continental Connection Flight 3407 began what appeared to be an uneventful landing in Buffalo. Twenty-six seconds later it ...
Insight: Time for an Overhaul of State-Based Regulation: Does the flood of more than 30 states' one-off actions to provide special reserve or capital relief suggest that state-based prudential supervision is no ...
Insight: Weight Losses : Post-claims underwriting occurs when an insurer waits until a claim has been filed to obtain information and make underwriting decisions which should have ...
Know the Rules: The past several months have seen unprecedented events in our financial markets, which have had wide-ranging effects on financial institutions generally and ...
Know the Rules: Receivership Proceedings: The insurance laws of an insurance company's domiciliary state govern its insolvency proceedings. They are referred to generally as "receivership ...
Last Word: Deep-Sea Treasures: Country Financial is preserving a piece of history with its mobile Titanic museum that allows visitors an in-depth view of more than 50 authentic items from ...
Later Than It Seems: Many companies treat the approach-ing effective date of a new regulation as they would a slow-motion bullet from a scene in a modern-day action movie. But ...
Singing in the Rain: A strong savings tradition has shielded Asians from the global financial storm and kept confidence levels high for meeting long-term financial goals in most ...
Smoke Signals: Dirk Kohler is still waiting for the smoke to clear. Just over a year ago, Kohler, the co-founder and chief executive of Carbon Re, was closing in on ...
Smoke Signals: The Risk Management Angle: For more than a decade, Evan Mills, a staff scientist at the U.S. Department of Energy's Lawrence Berkeley National Laboratory in Berkeley, Calif., has ...
Still Growing: Voluntary sales of individual or group life and health products, sold at the work site and paid for by employees through payroll deductions, continued to ...
The Reinsurer's Conundrum: Over the past few years a topic of discussion in the reinsurance industry has been something economists call the Winner's Curse. The Curse afflicts the ...
The Reinsurer's Conundrum: Soft Market Impact: The effects of the Winner's Curse may be magnified by the cycle. As downward price pressure develops during the early phases of a soft market, reinsurers are ...
The Reinsurer's Conundrum: The Loser's Curse: There is also something I like to call the "Loser's Curse." While the winners may someday have "winners remorse," the losers are unhappy immediately. For ...
Work Ethics: At a time when confidence in many financial institutions worldwide has fallen, support for the organization founded by the insurance industry to promote ...
Work Ethics: Ethics Questioned: In the aftermath of the meltdown throughout the financial services industry, the ethics practiced by corporate America have been widely debated. Some have ...
Work Ethics: New York Life and IMSA Part Ways: New York Life Insurance Co. chose to not renew its membership in IMSA in 2007. The insurer issued this explanation: "New York Life greatly appreciates all ...
