Corporate Risk

Elated fans swarm football fields and baseball courts to celebrate victory, but what risks do universities and their insurers assume as a result?

Yesterday, while walking along the beautiful Hudson River in Hoboken, N.J., I couldnt help but reflect on my 11 years working for National Underwriter. In fact, my anniversary falls next week. The view here, just a short walk from our office, is one of the best in the world.

Claims professionals report their cases are closing faster, printing and mailing costs are eliminated and expenses associated with preparing an arbitration filing have been reduced through web-based subrogation.

The insurance industry, with its increased use of better tools to assess risk and allocate capital, might see shortened market cycles than it is used to, according to an executive from Chartis.

In a report focusing mostly on the energy-insurance market, insurance broker Willis took time to discuss the global insurance-pricing cycle, stating a market turn, which many feel is already beginning, is not necessarily guaranteed to occur just yet.

The need for talent and skill remains a top concern for American executives, despite high unemployment levels.