Leadership & Strategy
P/C Loss Reserve Position Stronger, Conning Says
The property/casualty insurance industry's loss reserve position improved in 2012, according to analysts at Conning, who estimate an overall redundancy of 3.3 percent of carried reserves in spite of ...
California Earthquake Authority’s First CIO Reflects C-Suite Trend
Technology veteran Todd Coombes' approach to his new job as the first chief information officer for the California Earthquake Authority is to keep an enterprising yet cautious eye on the risks and ...
Executives See Cloud Collaboration Aiding Execution, Innovation
Corporate executives increasingly look at cloud collaboration as a way to increase productivity, speed up business results and improve collaboration across functions. Sixty-four percent of more than ...
AIG to Invest $92.5M in China P/C Insurer
American International Group Inc. (AIG), which sold much of its stake in the Asian insurer AIA Group several years ago to help pay back the federal government for its bailout, is moving to reinvest ...
CFOs Express Growing Confidence in U.S. Economy
During the past year, chief financial officers (CFOs) have grown significantly more confident in the U.S. economy. The 2013 Spring CFO Survey from Grant Thornton LLP reveals that 45 percent of ...
Insurance Ops Still AA+ At Berkshire, But S&P Cuts Holding Co. Credit Rating
Applying a new group rating methodology to its assessment, Standard & Poor's lowered the counterparty credit rating for Warren Buffett's Berkshire Hathaway Inc. by one notch—to "AA" from ...
Controversial Global Accounting Rule Alters Treatment of Property, Equipment Leases
Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from ...
Investment in Developing Countries to Triple by 2030: World Bank
The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial ...