All Insurance articles – Page 7
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Online onlyEliminate contingency fees: RIMS
The Society put its case forward for the elimination of certain broker compensation arrangements at a hearing in New York
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Online onlyMunich Re lowers profit expectations
Revised forecast due to capital market turmoil, more writedowns possible
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Online onlyCEA urges EU to support block exemption
The European insurance federation says without BER availability, pricing and choice would suffer
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Marsh creates specialist P&C broker
Forms Bowring Marsh as its specialist placement broker for property and casualty risks
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Online onlyInsurers limit use of reservation of rights
An AIRMIC initiative to limit the use of ‘reservation of rights’ is being supported by insurers
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Online onlyMega-losses: new rules for a new world
The way big claims are handled is changing, says Crawford
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Online onlyOMG appoints new marine underwriters
Maxim Shimchenko and Svetlana Pirogova join Oslo Marine Group as joint head marine underwriters
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Online onlyClimate change greatest strategic risk to insurance industry
Report highlights top ten risks to insurers
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Online onlyLimited impact on European insurers from Solvency 2: Fitch
Fitch said European insurer’s capitalisation levels are already significantly above the regulatory minimum
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Online onlyGen Re verdict is mixed blessing for industry: BestWeek
Could lead to new guidelines on the legitimate use of finite reinsurance, say experts
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Online onlyEvent organisers ignore cancellation insurance: Hiscox
Survey also finds a third do not carry out a formal risk assessment for their event
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Online onlyCFA slams US insurers for overpricing and underpaying claims
US property/casualty insurers overcharge policy holders and underpay on claims, said a report from a consumer association that an industry group called ‘absurd’
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Online onlyHouse of Representatives approves amended TRIA
The US House of Representatives has voted to extend and expand the post-9/11 terrorism risk insurance program
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Interviews
Zurich elevates CRO to exec status
Appoints Axel Lehmann to the role of chief risk officer
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Online onlyReview of SCIF uncovers ‘serious’ problems
An audit of California’s State Compensation Insurance Fund (SCIF) shows serious structural and operational deficiencies
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Online onlyRMS: Time slipping for decision over TRIA extension
Cancellation of Federal backstop could eliminate growth and availability of commercial terrorism coverage, says RMS
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Online onlyTax tops the list of worries for UK small businesses
New research from Hiscox reveals small to medium sized businesses (SMEs) under increasing pressure from tax burden and growing economic uncertainty
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Online onlyFSA continues to review commission disclosure concerns
Authority decides "not to mandate commission disclosure at this stage," BIBA expresses frustration with ongoing review
