Features
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 ...
CEOs Get Merger Bonus When Selling Firms Cheaply
In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus. Also, target shareholders receive inferior premiums when their firms are sold, while their CEOs received a ...
Pricing Insurance M&A Deals: Disputes Minimized With Deep Dive Due Diligence
Post-acquisition disputes are triggered by a myriad of issues between the buyer and seller, with most revolving around purchase price adjustments. The genesis of purchase price adjustment disputes, ...
Esurance, Walmart Team Up for Auto Insurance Discount Program
Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance ...