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Risk & Insurance

defrocking weather derivatives and classifying them as what they are, insurance products, can only serve to benefit the public, claims the National Association of Insurance Commissioners

Weather derivatives: call them insurance: defrocking weather derivatives and classifying them as what they are, insurance products, can only serve to benefit the public, claims the National Association of Insurance Commissioners Editor’s note: The following is a summary of a draft white paper titled Weather Financial Instruments: Insurance or Capital Markets Products? published by NAIC. […]

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Risk & Insurance

Thwarting Cargo Theft

Thwarting Cargo Theft Tom Vander Neut Consumer goods, especially in the high-tech industry, are vulnerable to theft during shipping. And the problem is threatening to become bigger. Here’s what you can do to prevent losses from adding up. Cargo theft reigns supreme as the number one cause of loss in the shipping industry. And it […]

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Risk & Insurance

Industry risk report auto manufacturing

Industry risk report auto manufacturing INDUSTRY RISK REPORT AUTO MANUFACTURING There’s more to making a car than conveyor belts and assembly lines, just ask people like Ford Motor Company’s Laurie Champion. Find out what risk managers in the auto manufacturing industry are doing to drive up production levels and stay up to speed with fluctuating […]

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Risk & Insurance

E-Surety – Software & Systems

E-Surety – Software & Systems Focus!… on Innovation Inc. is offering E-Surety Contract, a product from its E-Surety software line. It is designed to automate the process of underwriting, issuing, and servicing contract surety bonds. The application, payment, underwriting, and issuance or rejection of the bond can be completed entirely via the Web. Focus!… on […]

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Risk & Insurance

Mold: A Growing Liability

Mold: A Growing Liability Maryann Susavidge With the public more aware of indoor air quality issues, claims for negligence or bodily injury related to mold growth in schools and businesses are on the increase. Here’s what you need to know. Schools are places to learn many lessons. One science lesson that many schools didn’t have […]

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Risk & Insurance

Words worth billions: there’s no shortage of exclusionary language and restrictive terms in the fine print of humdrum homeowners’ policies. But when it comes to defining an occurrence, or two, or three, in policies designed to protect billions of dollars belonging to some of the nation’s largest companies, pinpoint definitions vanish in a semantic swamp

Words worth billions: there’s no shortage of exclusionary language and restrictive terms in the fine print of humdrum homeowners’ policies. But when it comes to defining an occurrence, or two, or three, in policies designed to protect billions of dollars belonging to some of the nation’s largest companies, pinpoint definitions vanish in a semantic swamp […]

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Risk & Insurance

Business interruption: is your solution strong enough?

Business interruption: is your solution strong enough? – Cover Story Lori Widmer If you thought September’s disaster was well on the way to being behind us, think again. Business interruption claims, second only to property claims tied to that day, are just now being sorted out. Swiss Re is estimating a $3.5 billion to $7 […]

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Risk & Insurance

Group Benefit Concepts

Group Benefit Concepts – Brief Article Group Benefit Concepts, an employee benefits broker and consultant in Charlotte, N.C., and Washington-based Stanley E. Clarke & Associates Inc., a provider of retirement services, have been acquired by Arthur J. Gallagher & Co., an international brokerage in Itasca, Ill. COPYRIGHT 1999 Axon Group COPYRIGHT 2004 Gale Group

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Risk & Insurance

Proposed pension reform legislation—expanding liability?

Proposed pension reform legislation—expanding liability? – Up Front Carrie Brodzinski In the wake of the recent rash of large company failures with disastrous results for employees’ pension funds, many employers are taking a closer look at their employee benefits and their potential exposure to litigation. They’re not alone. The U.S. Senate Finance Committee is examining […]

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Risk & Insurance

Ace Ltd. and XL Capital Ltd

Ace Ltd. and XL Capital Ltd – News and Notes Ace Ltd. and XL Capital Ltd. have jointly pledged $3 million to establish the Robert Clements Chair in Risk Management at the School of Risk Management, Insurance, and Actuarial Science of St. John’s University. COPYRIGHT 2002 Axon Group COPYRIGHT 2002 Gale Group