Content from Susanne Sclafane
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 ...
XL’s McGavick’s Innovation Tip: Move Best People Off Profitable Business
If you want to spark innovation in your company, move your best people out of your most profitable businesses, XL's chief executive officer advises. Mike McGavick, the CEO of Dublin-based XL Group ...Munich Re Warrants Performance of Xicato’s LED Light Modules
Munich Re has introduced insurance coverage with the U.S. lighting company Xicato that includes five-year performance guarantee on its LED modules for color consistency and lumen maintenance. Munich ...