CFO / Financial
Taking Blame for Bad Results Will Halt Stock Price Tumble: Research
When a public company's financial results take a hit, leaders can stop a freefall in the company's stock price if they publicly accept the blame for poor performance, new research reveals. ...
P/C Insurer Net Income Over $55B for 2014: ISO/PCI Report
Net income for U.S. property/casualty insurers totaled $55.5 billion after taxes last year, coming as little surprise to experts who had forecast a $50-billion-plus result early this year. In early ...
A.M. Best Updates Capital Model Progress
With the rollout of a new capital model set for second-quarter 2016, A.M. Best analysts have made a key decision concerning a statistical metric they will use to calculate risk charges—a decision ...
The 10 Do’s and Don’ts of the ORSA Summary Report
2015 marks the beginning of a new era of regulatory requirements for the insurance industry as many states have now adopted the Risk Management and Own Risk and Solvency Assessment ('ORSA') Model Act ...
Zurich to Cut Costs by $1B to Reverse Profit Slide
Zurich Insurance Group AG, Switzerland's biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. CEO Martin Senn said he will make additional annual savings of ...
Insurance Price Optimization: Lawyer’s Perspective
A major controversy is growing in the world of insurance regulation over price optimization. Regulators are becoming increasingly aggressive on the issue. Maryland, California, Ohio and New York have ...
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group ...
Are Insurance Carriers Ready to Jump Up Into the Cloud?
In increasing numbers, enterprises around the globe are adding public clouds to their technology portfolios. According to Forrester, adoption of public clouds by all types of business enterprises ...