The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent government report suggesting that TRIA should not …
Editor’s Note: This is the second installment of a two-part roundtable discussion on identity theft. Part 1 examined the scope and source of identity theft, and can be found on page 100 of Insurance Journal’s April 17 West region issue. …
Editor’s Note: This is the first part of a two-part roundtable discussion in which KPMG professionals examine the scope and source of identity theft, and how corporations need a multi-disciplinary approach to fight it. Part 2 of the roundtable will …
The threat of more natural disasters could make 2006 a watershed year in how the insurance industry measures risk. With American carriers revamping their reporting and management structures, insurers are expected to undertake major initiatives regarding enterprise-wide risk management (ERM). …
The possibility of a global avian flu outbreak is haunting insurers–property/casualty, life and health–and it appears that there’s not much they can do to mitigate losses prior to a pandemic. Nevertheless, carriers can take steps to prepare for a viral …
While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several factors–not the least of which was the …
While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several factors–not the least of which was the …
The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty, and reinsurance executives say that underwriting profits remain their first priority. And though industry watchers …
The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting profits remain their first priority. And though industry watchers …
With workers’ compensation insurance costs skyrocketing, many companies are considering a captive solution, but industry observers say companies should first consider all alternatives, and if they do decide to set up a worker’s comp captive, ensure that it is well-designed …
