Cash Flow Accounting Has Blind SpotsWith all the accounting scandals in the news, it is tempting to ask: Why cant companies report on a simple ...

A Clash of Hard Market Philosophies: Strict Underwriting Vs. Adequate PricingThe current hard insurance market is stimulating strong growth in residual markets covering workers' compensation, ...

Insurers Can Recalculate Terrorism RiskMuch has been said and written about terrorism risk and its unsuitability for the risk-transfer mechanism of insurance. We have heard ...

Fraud Hawks Discredit Honest DovesThe development of genetics, particularly when refined by mathematical analysis, leads to some interesting perspectives on human nature and societal trends. ...

Check Rearview Mirror On Terrorism RisksOne thing we know about mega-catastrophes is that immediately following a mega-event, there is a major retrenchment in the provision ...

The Big Question For 2002: Will Hard Market Last Long?Following over a decade of declines, the price for commercial lines insurance began to increase in ...

How Should Insurers, ReinsurersSet Prices For Terrorism Coverage?How does an insurer or reinsurer come up with a price for the terrorism peril?For an economist, pricing ...

Are Terrorism Risks Really Uninsurable?The terrorist attacks of Sept. 11 are expected to result in over $40 billion in insured losses, and thus constitute the ...