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Pacific Specialty’s CEO: Working Within Limits, Re-engaging Independent Agents
When employees of Pacific Specialty Insurance Co. bemoan the fact that they don't have a ton of money to spend on sales and marketing to generate growth, the CEO does not promise to find more ...
Climate Change Refugee’s Story Highlights Worldwide Challenges
In October, the U.K.'s Daily Telegraph reported that Ioane Teitiota, 37, from the Republic of Kiribati, has asked a court in New Zealand to officially recognize him and his family as climate change ...
Low Frequency Hinders Study of Northeast Hurricanes
Seventy-five years ago, "the Great New England Hurricane of 1938" laid waste over large areas of the northeastern United States. Last year's Hurricane Sandy provided a more immediate reminder that ...
What Makes a Successful P/C Carrier CIO—and How to Know If You Have One
Triumphant Mutual and Victorious Insurance Co. seem like two peas in a pod. They're similarly sized property/casualty insurers that write personal lines and small-business insurance. But look closer. ...
Marsh Urges Energy Insurance Market to Rethink Cyber Clauses
There have been many instances in the past where the property insurance market has responded to events that have contributed significant losses by seeking broad exclusionary language to prevent ...
Bring on the Competitors, Reinsurance Brokers Say
If you ask Frank Harrison, chief executive officer of New York-based reinsurance intermediary Holborn Corp., whether he worries about competitors coming up behind his firm, you'll hear an unusual ...
Wrongful Incarceration Suits Surge Giving Rise To Insurance Coverage Trigger Issues
On Dec. 17, 1990, 17-year-old Jeffrey Deskovic was convicted by a Westchester County, N.Y., jury of the rape and murder of a 15-year-old high school classmate. Deskovic was sentenced to 15 years to ...
Q&A: Why Carrier Product Technology is an Indicator of Organizational Culture, Priorities
The perception that the insurance industry does not embrace or utilize technology as efficiently as it could is simply not true, says Craig Beattie, senior analyst for UK-based research company ...