Risk

Bringing About Change

— once it is revealed to them. Change is based on the communication of information and the offering of incentives. Rational-Empirical People are rational and will follow their self-interest — once it is revealed to them. Change is based on the communication of information and the offering of incentives. Normative-Reeducative People are social beings and […]

March 31, 2002

4 min read

D&O Liabilities Managing Expo Sures

Corporate management may be feeling caught out in the rain, facing the backlash of investors and lawmakers in the wake of the "dot.com meltdown" and Enron's collapse. But, will they be facing such a wet reception from their directors and officers (D&O) liability carriers?

March 31, 2002

9 min read

Peripatetic Rep: Center of the Web

When I walked into the golf club’s dining room, the first people I saw were my two broker friends, Bob and Stan. Bob Davies was co-partner in a successful midtown brokerage which placed a lot of business with our insurance company. Stan was a broker in a town of some 30,000 an hour outside the […]

March 31, 2002

9 min read

CICMA/CIAA Joint Conference 2002 Focus on Indemnity

There is widespread industry agreement that claims costs are spiraling out of control. The industry’s economic woes cannot simply be tied to inadequate rates, or even catastrophic events such as September 11. At the recent Joint Claims Conference in Toronto, a discussion of the merits of outsourcing became a lesson to insurers in what needs […]

March 31, 2002

5 min read