CFO / Financial
Wall Street Regulator Approves Tougher Rules for Auditor ‘Negligence’
Wall Street's top regulator on Tuesday voted 3-2 to bless new rules making it easier for an audit watchdog to hold people responsible for audit firms' violations. Divided along party lines, the ...
P/C Insurer CFO Viewpoints on PFAS
PFAS was a hot topic at the recent Casualty Actuarial Society Seminar on Reinsurance in June. But at a separate meeting held around the same time—the S&P Global ...
PFAS by the Numbers: $165B Ground-Up* Litigation Losses Possible
When Frank Demento received a mailing from managers of his water district on Long Island last year, the news it contained seemed pretty good.
R&Q: Financial Instability Could Lead to Liquidation
R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the "company's stability as a business" and ultimately lead to liquidation. In a June 13 ...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Although insurers can help to stop the growth of social inflation, they can't lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief ...
Questionable Loss Reserves: Are Legacy Reinsurance Deals the Answer?
Twenty years ago, an insurance carrier's use of reinsurance products like loss portfolio transfers and adverse development covers waved a red flag, signaling potential ...
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers
With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported ...
Ahem. Results for the U.S. P/C Industry Improved ‘Slightly’ in 2023
A new report from AM Best reveals that the U.S. property/casualty industry recorded a $21.2 billion net underwriting loss in 2023, slightly improved from a $24.9 billion underwriting loss recorded in ...