External Perspective
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 ...
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 ...
Reuters’ Saft: The 27-Year-Olds Are Taking Us Down (Again) With Risk Games
The 27-year-olds who are making the mistakes may change, but the flaws in the incentives and risk models at the heart of the global financial system remain basically unchanged. Calling them ...Wynn Column: Geoengineering Climate Fixes Need Cautious Consideration
Recent extreme heat waves reinforce concerns that the slow pace of action against climate change is inadequate, raising interest in new fixes called geoengineering, but this warrants caution. ...
Insurers to NFL: Defense Denied. At What Cost?
Defense Denied. That was the collective response last year from the casualty insurance industry to the National Football League and NFL Properties (the marketing arm of the league)—defendants in a ...
How Leaders Cause Innovation: Lessons From Babylon
Standing before the dark, glistening dionite obelisk in The Louvre all those years ago, I wondered how long this particular game-changing innovation had taken from inspiration to execution. The ...
Karen Clark Reports: The Latest In Catastrophe Risk Management
The new year is ushering in change with respect to catastrophe risk management. New tools and technology are available, providing insurance companies with: Open platforms for transparency and ...
Howard Mills Reviews ORSA Challenges & Opportunities
ORSA is more than just another four-letter word. Or acronym, to be precise. For insurers, ORSA is, as Pennsylvania Deputy Insurance Commissioner Steve Johnson said a couple NAIC meetings ago, "a game ...