Commentary

NAIC's ORSA approach continues to evolve rapidly. Improve your overall compliance and control efforts now.

Doing multiple things at the same time means you are working subpar on everything you do.

I once asked a colleague who had worked for multiple insurers why some carriers worked hard on fighting fraud through investments in technology and Special Investigative Units, while other insurers chose to do little if anything to combat fraud.

The passage of the model act demonstrates the NAIC's focus on ERM practices and the requirement that they be integrated in insurers operating models.

Don't be afraid to throw a bear in the boat.

Workers Comp insurers are benefitting from the continued growth in private-sector hiring and payroll over the past few years, but there is concern about a few dark clouds of economic uncertainty looming on the horizon.