Content from Susanne Sclafane
S&P’s New Insurance Criteria Released; Method Would Have Spotted AIG’s Past Problems
Incorporating lessons learned from historical periods for industry stress, including the near-failure of American International Group, Standard & Poor's published a revised rating methodology for ...
NAIC CEO Nelson Explains Affordable Care Vote, Warns Feds ‘Stay In Your Lane’
Spending roughly a dozen years in the U.S. Senate taught the new CEO of the National Association of Insurance Commissioners (NAIC) how to play defense, he revealed during an industry meeting last ...
Text-Mining Analysis Links Drug-Impaired Driving To Higher Injury Rates
"On medication" may not be one of the check boxes on carrier claims forms, but by hunting for such a description in adjuster notes, auto insurers can improve their results, a consultant reports. ...
PHLY’s New CEO Looks Ahead To Innovation & Profit
Philadelphia Insurance celebrated its 50 anniversary last year—before Robert O'Leary took the helm as chief executive officer. A video on the company's website commemorating the event ends with ...
Global Re, Excess WC Discipline Lagging: ACE’s Greenberg, WRB’s Rob Berkley
There are now clear signs that the low interest rate environment is forcing underwriting discipline in the casualty market, carrier executives said during earnings calls last week, but one glaring ...
Validus’ Noonan Slams Berkshire Sidecar, Says Cat Model Won’t Jolt US Re Prices
London market participants are competitive but disciplined, Validus Holdings' CEO said on Friday. But one pocket of "excessive competition" is coming from Berkshire Hathaway's Lloyd's sidecar—a ...
Risk Readiness Declines Worldwide—Even For Insurers
Risk decision makers from 1,400 companies around the globe report that the 10 biggest risks facing their companies wiped away 42 percent of their income, on average, during the last 12 months, a new ...
Cyber Risk Still Not Insured By Most RMs: Towers Watson Survey
Carriers offering cyber insurance may have seen an increase in demand for their specialty insurance policies over the past year, but more than 60 percent of risk managers surveyed say they still ...