Features
Greenberg’s View: Opening Global Markets, Shaping Foreign Relations
During his 60-year career, Maurice "Hank" Greenberg helped build American International Group (AIG) into the world's largest insurer by opening global markets and getting services industries ...
Apple-Samsung Case Challenges Sealing of Trade Secrets
A federal appeals court aggressively questioned the scope of the public interest and trade secrets at a hearing on Tuesday over document secrecy in Apple Inc.'s patent litigation against Samsung ...
Saft Commentary: Europe Chokes Moral Hazard
Moral hazard may not be quite dead in Europe but it has a bad, hacking cough. A new, tougher policy on banking bailouts, made flesh in Cyprus and enunciated by Dutch Finance Minister Jeroen ...
Lots Of Room For Improvement In U.S. P/C Industry ERM Capabilities: PwC
PwC's recent survey into enterprise risk management practices in the U.S. insurance industry showed that many companies are taking active steps to develop their ERM frameworks. However, the survey ...
The Devil Is In The Details: Director Minutes and Liability
Even lawyers disagree about the correct answer to question that they hear often from members of the board of directors of companies they serve: What minutes should look like and how detailed should ...
Broker Exec Sees Price Shoppers Emerging In Bifurcated Casualty Market
The reasoning that carrier executives advance for increased prices of casualty insurance—starting with low interest rates and ending with the need for underwriting profit—is wearing thin on some ...
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 ...
Greenberg’s View: ‘White Blackbirds’ Make Corporate Culture Fly
Sixty years ago, a 27-year old U.S. Army officer stormed into the suite of the vice president of a Manhattan insurance company to complain about being snubbed by the firm's personnel director. The ...