A bitter dispute between American International Group Inc. and its chief architect, former Chairman and Chief Executive Officer Maurice R. Greenberg, appears to be over after a Nov. 25 settlement announcement.Mr. Greenberg, who retired from AIG in March 2005 amid investigations by then-Attorney ...MORE
The insurance industry since 1906 has seen and paid out its share of claims from catastrophic losses, but we fortunately have not yet experienced an insured-loss event greater than about $40 billion.So imagine for a moment what kind of cataclysm would be required to top $1 trillion in total damage. ...MORE
For centuries, seafaring European explorers sought a Northwest Passage through the Arctic as a shortcut to riches in the Orient. New research findings suggest that dream is becoming a reality.The Catlin Arctic Survey, conducted earlier this year under the sponsorship of Catlin Group Ltd., took ...MORE
Compared to 2005 and 2006, capital flows into the reinsurance industry have slowed to a seeming trickle. Reinsurance experts say capital is still entering the industry but in more selective areas as investors’ risk appetites have changed.At the Rendez-Vous de Septembre gathering in Monte ...MORE
What’s the right approach to enterprise risk management? This has been debated for seemingly as long as the term has existed.Brian Duperreault, president and chief executive officer of Marsh & McLennan Cos. Inc., spoke this week in Monte Carlo at the annual Rendez-Vous de Septembre ...MORE
Quick responses to consumer trends can mean the difference between enormous profits and missed opportunity, and that is certainly true when it comes to technological innovations, but the risks are significant.AT&T, the sole telecommunications carrier currently approved for Apple’s iPhone, may ...MORE
It has been almost a year since the near-collapse of the world’s largest financial services organization, American International Group Inc., and under its new chief executive officer, the prospects for AIG’s survival are looking better than at any point in the past 300-plus days.In ...MORE
For the fifth straight year, Business Insurance is sponsoring its Readers Choice Awards, a competition that invites readers to vote for the best overall providers of products and services to risk managers and benefit managers.The categories include:Best captive managerBest employee benefit ...MORE
Insured perils can cause all manner of havoc when it comes to business continuity, so understanding and mitigating business interruption risks are important steps for all risk managers.Assessing business interruption exposures is no easy task, however. Expert help is useful, and qualified advisers ...MORE
It is no surprise that distraction and inattention are responsible for accidents of all kinds, but the risks soar when it comes to driving.As Business Insurance Senior Editor Mark A. Hofmann reported in the Aug. 24 issue, multitasking by drivers is creating concerns about liability for employers. ...MORE
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"Supply Chain Crisis—Navigating Business Interruption Coverage and Claims After the Japanese Earthquakes"
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