PwC News
Improving Claims Legal Management Effectiveness With Advanced Analytics
Claims organizations are under increasing pressure to manage the legal expense associated with claims litigation. The legal spend for the P/C insurance market remained flat at $21.3 billion from 2008 ...
MF Global Alleges ‘Erroneous Accounting Advice’ in $1B Suit Against PwC
MF Global Holdings Ltd., which filed for bankruptcy after a failed $6.3 billion bet on bonds of some of Europe's most indebted nations, sued PricewaterhouseCoopers LLP for $1 billion, alleging ...
P/C Carrier CROs Say Board Concerns Higher on Strategic, Operational Risk Than Nat Cat
Members of risk committees of the boards of directors of property/casualty insurance companies have more on their minds than the abilities of their companies to withstand tail risks like devastating ...
Cyber Threats Targeting Insurers Mount; Carriers Not Keeping Pace
While insurers have made significant security improvements, they have not kept pace with today's determined cyber adversaries. As a result, many rely on yesterday's security practices to combat the ...
CEOs Lacking Confidence; Benchmark Falls in Q3
A measure of CEO confidence took a tumble in the third quarter, according to two organizations which compile the quarterly benchmark. The Conference Board and PwC Measure of CEO Confidence, which had ...
PwC to Build Insurer Risk Group After Hiring Essert
PricewaterhouseCoopers LLP's Henry Essert is building a group that consults with insurance companies on risk management as regulatory scrutiny intensifies, after joining the firm from BlackRock Inc. ...
New York Financial Services Regulator Probes PwC In Independence Probe
New York state's banking regulator subpoenaed PricewaterhouseCoopers and Promontory Financial Group as part of an effort to reform the consulting industry, according to people familiar with the ...
FASB, IASB Proposing ‘Transformational’ Changes in Insurance Accounting
The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) separately released proposals recently that represent a transformational change to measurement and ...