News
ACE Names Sullivan Chairman for Asia Pacific; Ortega, McNamee to New Posts
The ACE Group has named Damien Sullivan as chairman of the company's Asia Pacific region. He is currently the region's president. As chairman he will focus on governance, strategic planning and ...
SEC Readies Rule on Disclosure of CEO-to-Worker Pay Ratios
Public companies would be required to disclose how much more their chief executives are paid than rank-and-file workers under a rule to be proposed next month by U.S. securities regulators, according ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
Electronic Aggression: Uncovering Expensive Coverage Gaps
It used to be bullies were restricted to the playground—but not anymore. Cyberbullying is at epidemic levels. Facebook, YouTube and other social media have become platforms for bullying, and ...
Managing, Not Excluding, New Risks Key To Long-Term P/C Growth: Actuaries
Property/casualty insurers must learn how to manage new risks like nanotechnology, not just exclude them, if they want to survive and grow long-term, according to speakers at the spring meeting of ...
P/C Industry Told TRIA Extension Will Not Pass In Time For January Renewals
The property/casualty insurance industry should not count on Congress reauthorizing the federal terrorism reinsurance program this year or in time for January renewals, according to a key insurance ...
World Trade Center Developer Denied Right to Pursue $3.5B From Airlines
Real estate developer Larry Silverstein was denied the right to seek $3.5 billion from airlines whose planes were hijacked by terrorists and flown into the World Trade Center's twin towers on Sept. ...
9 Global Insurers to Face Higher Capital Standards, Tougher Supervision
Top insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial ...
SEC Bans Gupta From Director, Officer Roles; Imposes $13.9M Fine
Former Goldman Sachs Group Inc. director Rajat Gupta was ordered to pay a $13.9 million civil penalty and banned from serving as an officer or director of a public company for having illegally passed ...