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Risk managers preparing for disasters can learn a lot from the very first known practitioner of catastrophe mitigation.

Financial services regulatory reform legislation establishing a Federal Insurance Office with limited authority was passed last week by the House of Representatives, setting the stage for Senate action after the July 4 recess.

The former CEO of AIG's Financial Products Division said the collateralized debt obligations that undermined the company's financial foundation and prompted a government bailout should not have caused the losses they did.

After weathering the financial disaster and seeing a growing interest in captive formations, the alternative risk-transfer industry has hit new stumbling blocks that can triple the time it takes to set up a new facility.

Public entity risk managers both here and in the United Kingdom are being subjected to drastic budget cuts that can compromise their effectiveness.

Reinsurers are increasingly questioning the sustainability of a good casualty claims environment, and their dimmer views of future profit margins on primary business are putting them at odds with potential cedents.

For those of you who would rank NU Editor Sam Friedman's blog among the best in the insurance industry, find out how you can comment on his nomination for a spot among the elite by going to www.NUSamSoapBox.com.

Crop insurers said late Thursday the industry and the crop insurance program will be able to "withstand" the severe cuts in subsidies imposed on the program by the Agriculture Department.