Relief efforts by the insurance industry to help victims of the catastrophic 7.0 earthquake in Haiti continue to grow, with more announcements of donations.
Most organizations wishing to appoint a new CEO fare better promoting someone from inside the company--except for the insurance industry, in some cases--according to a new study from Rice University's Jones Graduate School of Business.
The chairman of Lloyd's, in a talk here last night, said that the insurance industry is capable of self reform and defended the former head of American International Group Maurice Greenberg.
Fiscal crises and unemployment, underinvestment in infrastructure, especially in energy and agriculture, and chronic disease were identified as the upcoming areas of risk by the World Economic Forum.
With capacity high, commercial insurance buyers saw premium prices continue to tumble in the fourth quarter, with few signs that the soft pricing cycle is near an end, according to the RIMS Benchmark Survey.
Pricing in the soft commercial insurance market won't turn around for another two years, at least, thanks to a variety of factors, the head of Arch Worldwide Insurance Group predicts.
Two big challenges for the London Market this year--modernization and the European Union's new Solvency II regulations--will be closely linked and interdependent, International Underwriting Association's chief executive in London predicted.
Whether the H1N1 virus has run its course is unknown, but the fact is while many organizations have taken precautions, others are still unprepared for a pandemic event in what turned out to be the top risk management story of the year.
Public sector entities are seeing more lawsuits over issues such as school violence, police brutality and global warming as the financial crisis deepens and plaintiffs look for deep pockets, experts advised.