Although the pricing cycle for reinsurers is at a critical juncture, Standard & Poor's analysts say they are confident that enterprise risk management practices will encourage cautious pricing and pre
A recent regulatory battle between a risk retention group (RRG) and California as well as other state skirmishes has prompted the Self-Insurance Institute of America Inc. to establish a legal defense
The departure of Rod Morris, former Arizona Department of Insurance captive administrator, who left for the private sector, has not adversely affected captive development, according to the Arizona Cap
The International Center for Captive Insurance Education said the deadline is Tuesday for enrollment in a Web conference on use of risk retention groups under the federal Liability Risk Retention Act
The softening property-casualty market sent U.S. reinsurance premiums down steeply last year, but the business being written remains just as profitable, an industry group's survey and analysis
A group of 20 U.S. propertycasualty reinsurers wrote $22.7 billion of net premiums during the 12 months ended Dec. 31, 2007, compared with $25.8 billion written during the same period in 2006--a decrea
The Risk and Insurance Management Society (RIMS) said it supports Standard & Poor's adoption of an enterprise risk management framework as a component of its ratings reviews for companies, but its eva
Senate Bill 1061 was introduced by Sen. Alan Sanborn, R-Richmond, to amend the insurance code and allow captive insurers. Also enacted was Senate Bill 1062, which exempts captives from a 1.25 percent
Mr. Lusk, corporate vice president, Insurance and Global Risk Management for Archer Daniels Midland Company (ADM), headquartered in Decatur, Ill., was instrumental in spearheading the use of a captive
The Risk and Insurance Management Society (RIMS) said it has developed a Quality Improvement Process for risk managers to help them examine their own business practices and achieve excellence in their