Ron Nash, former head of catastrophe management operations at XL Capital, has announced the launch of a new consulting firm, Notional Catastrophe Risk Global, LLC, in partnership with a custom software developer.
CFO Alex Sink has released a letter to Insurance Commissioner Kevin McCarty, noting recent actions by the OIR and seeking comments on upcoming activity regarding property insurers.
Close to 1,000 homes were destroyed or damaged by the fatal weekend tornado activity in eight southern states, according to reinsurance brokerage Guy Carpenter and other sources.
In only 10 years the risk management profession has gone from "back office" to sought-after professionals, Terry Fleming, president of the Risk and Insurance Management Society Inc., told members.
The firm owning the drilling rig that sank in the Gulf of Mexico could be liable for millions of dollars depending on its leasing agreement with BP, a lawyer familiar with oil and gas litigation said.
Many risk managers at firms of all sizes are boosting their salaries with substantial performance bonuses, according to the latest compensation survey by National Underwriter, in partnership with Logic Associates.
Insurers and wealth management firms can see their data turned into actionable information with the help of Structured Stream, a new business intelligence, data solutions, and analytic services company.
The Alabama legislature, in a move drawing praise from an insurer group, has passed a bill to ban law enforcement from imposing accident response service fees.
Conditions are right for increased merger and acquisition activity by insurers, but firms should remember 2008 and 2009 lessons concerning awareness of subsidiary activities and emphasis on risk management, a Deloitte LLP report said.