In this exclusive feature, BP's Claim Manager Darryl Willis discusses the enormous undertaking of paying oil spill losses, while Attorney Lela Hollabaugh looks at the long-term litigation aspects BP faces.
The difference between specialty lines and standard lines is standard lines have higher volume and lower contract value with the inverse being true in specialty lines, according to Catherine Stagg-Macey, a senior analyst with Celent.
By simply managing to the numbers, claim managers and supervisors risk losing a vital sensitivity to the complex interplay between people and processes that only comes through using more qualitative instruments.
The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a EUR40 million ($52.8 million) loss for German reinsurer Hannover Re, the firm said.
I know I have discussed cloud computing in this column before, but the fact is it just won't go away. Every day I am inundated with news articles and calls from sales people telling me the cloud is where I need to be.