CFO / Financial
P/C Loss Reserve Position Stronger, Conning Says
The property/casualty insurance industry's loss reserve position improved in 2012, according to analysts at Conning, who estimate an overall redundancy of 3.3 percent of carried reserves in spite of ...
Key European Union Law On ‘Too Big to Fail’ Up for Vote
A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Bank of ...
Deloitte’s Howard Mills On Leadership & Governance
"Take me to your leader." Those of us who grew up worshiping cheesy sci-fi movies from the 1950s are undoubtedly familiar with that line. It is what the aliens who land on earth usually say to the ...
CFOs Express Growing Confidence in U.S. Economy
During the past year, chief financial officers (CFOs) have grown significantly more confident in the U.S. economy. The 2013 Spring CFO Survey from Grant Thornton LLP reveals that 45 percent of ...
Insurance Ops Still AA+ At Berkshire, But S&P Cuts Holding Co. Credit Rating
Applying a new group rating methodology to its assessment, Standard & Poor's lowered the counterparty credit rating for Warren Buffett's Berkshire Hathaway Inc. by one notch—to "AA" from ...
Controversial Global Accounting Rule Alters Treatment of Property, Equipment Leases
Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from ...
How Good Are Hurricane Forecasts?
Hurricane forecasts are very interesting and well publicized in the media, but how reliable are they? Not very, according to catastrophe modeling expert Karen Clark, who provides a chart of seasonal ...
Karen Clark Explains The Basic Facts About Hurricanes
The 2013 hurricane season is upon us and with it the usual spate of hurricane predictions. Most forecasts will call for an active, above average season in 2013, due to factors such as warm sea ...