Content from Susanne Sclafane
The Underwriting-Claims ‘Disconnect’ in Casualty Insurance: An ERM Issue?
There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to each other about claim denials, underwriting executives said last week, with one ...
P/C Carrier 2012 M&A Deals Nosedive: Conning
Amounting to just $4.7 billion in aggregate deal value, 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to ...
17 P/C Insolvencies, Only One Cat-Driven In 2012: A.M. Best
Only one of 17 property/casualty insurance carriers that became financially impaired in 2012 suffered its impairment as a result of catastrophe losses, according to a recent study by A.M. Best. ...
Too Much Analysis Primes Whistleblower Suits: Lawyer
If your company uses a detailed analytical process to arrive at projections of growth or earnings, that process may make you particularly vulnerable to shareholder suits when forecasts don't pan out, ...
Statutory Filings’ Analysis Reveals Adverse Development For Recent Prior Years: Assured Research
Twelve of the top-25 insurance groups reported adverse reserve development for accident-years 2010 and 2011 during calendar-year 2012, according to new research conducted by Assured Research LLC. In ...
Insurer Ratings Unlikely To Change With New Governance, Mgmt. Criteria: S&P
In mid-November last year, Standard & Poor's announced it was updating its criteria for evaluating management and governance for corporate entities and insurers, but the rating agency does not ...
Insurance Ops ‘Shoot The Lights Out’ At Berkshire, Buffett Says
Recognizing the $4.4 billion contribution of Berkshire Hathaway's insurance operations to its overall after-tax profit of $15.3 billion for the in 2012, Warren Buffett said the group's insurance ...
Who Should Educate Policyholders: Agents Or Carriers?
Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching—agents or carriers? During a ...