CFO / Financial
RMS Hurricane Model Update Coming; Lower Risk Indications Expected
When RMS releases an update for the catastrophe modeling firm's North American Hurricane model later this month, lower loss exposure estimates are expected, according to a representative of the firm. ...
RMS(one) Explained
When RMS developed its recently unveiled software platform RMS(one), the catastrophe modeling firm had a wide range of potential users in mind—many of whom are not accustomed to tinkering around ...
Former AIG Chief Greenberg Sues Spitzer For Defamation
Former American International Group Chief Executive Maurice "Hank" Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, ...Enstar Deal Prompts A.M. Best Review Of Torus
A.M. Best Co. put the A-minus (excellent) financial strength ratings of Torus Specialty Insurance Company and Torus National Insurance Company under review with negative implications yesterday. The ...
Senate Told Fed Is Confined to Bank-Based Approach for Insurers
The Federal Reserve is working to modify a bank-based capital model to cover insurance companies as much as they can under Dodd-Frank Act restraints, Fed Governor Daniel Tarullo told lawmakers at a ...
Sharp Interest Rate Spike Could Wipe Out More Than $100B U.S. P/C Surplus: Moody’s
For each 1 percentage point rise in interest rates, the value of bonds held by the U.S. property/casualty insurance industry will decline by about $40 billion, representing roughly 7 percent of ...
Form F, ORSA Rules Open New Windows For Insurance Regulators
Executives of property/casualty insurers are getting comfortable with the idea that they have to file Enterprise Risk Reports and Own Risk and Solvency Assessments (ORSA) with U.S. insurance ...
What About Transparency?
Provisions protecting proprietary strategic information are necessary as insurance groups start to file Enterprise Risk Reports in 2014, according to property/casualty insurance carrier ...