Business Insurance articles from October 2006

Business Insurance archives from October 2006

Smallest agencies squeezed out as clustering accelerates.(Cover Focus: Convergence & Consolidation)
October 1, 2006... Byline: Meg Fletcher Independent insurance agencies, though fewer in number, are growing, according to a recent U.S. survey by a leading agent/broker association. Early results from a 2006 biennial survey show that "the smallest...

When they need financial advice.(BNP Paribas S.A.'s services)(Deutsche Bank A.G.'s services)(Goldman Sachs Group Inc.'s services)
October 1, 2006... When they need financial advice, help with a merger or acquisition, or capital to fund business expansion, insurance industry companies frequently employ the services of investment bankers. With that in mind, a number of investment banks have...

Acquiring minds; Experts cite a better alignment of business capabilities and corporate strengths, and increasing shareholder value as the ultimate goals of successful mergers and acquisitions.(Cover Focus: Convergence & Consolidation)
October 1, 2006... Byline: Meg Fletcher Life/health insurers are expected to continue to lead the U.S. insurance industry in mergers and acquisitions, followed at a distance by property/casualty insurers, industry sources say. Insurers that provide...

Catastrophe challenges, changes take center stage.(Feature: Gatherings)
October 1, 2006... Byline: Rodd Zolkos NASHVILLE, Tenn.-Catastrophes, their various implications for the insurance industry and how to address them going forward were the focus of much of the discussion during panels and seminars at this year's CPCU Society...

The Quote.(Industry News)
October 1, 2006... `Whether M&A works or not depends on the effectiveness of the business and operating model of the buyer, the quality of its advisors and the breadth of quality experience of the team executing the deal.' - Shamir Bhattacharya, Executive vp and...

On the move.(Robert Douglas and Daniel Sussman joins XL Capital Ltd.)(Thomas J. Wilson joins Allstate Corp)(Ernst Csiszar joins Property Casualty Insurers Assn. of America)
October 1, 2006... Hamilton, Bermuda-based XL Capital Ltd. has named chief executives for two business segments. Robert Douglas, formerly CEO of the company's XL Re Life unit, was named chief executive of XL's global reinsurance life operations. Daniel Sussman,...

2006 may rival 1994; Huge legislative turnover slices experience and expertise that the industry sees as crucial.(Feature: Legislation)
October 1, 2006... Byline: Meg Fletcher Next month's elections may mean big changes in state legislatures, where 83% of the nation's 7,382 seats are before voters, legislative experts say. "The changes that come from the 2006 state legislative elections...

Three questions.(Doug French interviewed about the role of chief research officers in insurance industry)(Interview)
October 1, 2006... With pressure being applied by shareholders and rating agencies and governance requirements such as those in the federal Sarbanes-Oxley Act, more and more insurers are moving to embrace enterprise risk management. And, as they begin looking at...

Digging deep, seeking leverage; Auditing a potential acquisition's insurance coverage is an essential task for any prospective purchaser.(Cover Focus: Convergence & Consolidation)
October 1, 2006... Byline: Meg Fletcher Ferreting out a potential acquisition's liability exposures and insurance coverages may determine whether a merger boosts assets or drains them, experts say. A comprehensive audit of a potential acquisition's...

Model law to govern reserves nears completion.(Industry News)(Brief article)
October 1, 2006... WASHINGTON-An executive with an industry group seeking to advance principles-based reserving for life insurers said he's happy with progress towards promoting model legislation that can be considered by the states. Earlier, Scott Harrison,...

Strategic IT spending key in battle to grow business.(Tech Focus)
October 1, 2006... Byline: Rodd Zolkos A new survey offers a glimpse into what portion of property/casualty insurers' information technology spending is devoted to core business activities vs. supporting business growth or transformation, and provides...

Prepare to ride the visibility curve.(insurance industry and risk management)
October 1, 2006... Byline: William Pitt Insurers are in the business of being financially prepared to meet the costs of the risks they have underwritten. These costs are both inevitable and necessary, because without losses, demand for insurance would...

Carvill selects Q.Know as software provider.(R.K. Carvill (International Holdings) Ltd., Q.Know Technologies Inc.)(Brief article)
October 1, 2006... NEW YORK-Reinsurance intermediary R.K. Carvill (International Holdings) Ltd. has selected software from Q.Know Technologies Inc. as the foundation for its NIMBLE program, a technology initiative aimed at improving client service. Hamilton,...

Liberty Mutual rolls out online workers comp info.(Industry News)(Brief article)
October 1, 2006... BOSTON-Liberty Mutual Group is giving workers compensation customers access to all documents related to workers compensation claims online. The Boston-based insurer has reduced the time required for such outside documents as medical...

P/C business lags pack in 2005 growth.(property and casualty insurance industry)(Brief article)
October 1, 2006... ZURICH, Switzerland-While life insurance business grew faster than overall economic activity in many countries around the world in 2005, property/ casualty business slowed last year, with premium growth in many countries slower than the rise in...

Mother Nature commands fresh respect from risk modelers.(News)
October 1, 2006... Byline: Regis Coccia MONTE CARLO, Monaco-Catastrophe modeling came under a storm of criticism after the record insured losses of 2005, but underwriters have learned important lessons about the limitations of modeling, insurance industry...

Integro, Indemnis partner in trade risk business venture.(Integro Insurance Brokers, Indemnis Trade Risk Management Ltd.)(Brief article)
October 1, 2006... NEW YORK-Integro Insurance Brokers has entered into a new business venture with specialty broker Indemnis Trade Risk Management Ltd. Indemnis, which has offices in Toronto and New York, specializes in trade risk and trade credit insurance....

BISYS unit to cover environmental risk.(BISYS Commercial Insurance Services Inc.)(Brief article)
October 1, 2006... SAN FRANCISCO-Wholesaler BISYS Commercial Insurance Services Inc. has created an environmental risk unit to respond to broker clients' needs to address their insureds' environmental exposures. In September, the San Francisco-based...

Federal charter may be cure for `beat up,' inefficient industry.(Industry News)
October 1, 2006... Byline: Mark A. Hofmann WASHINGTON-Allowing insurers to choose a federal rather than state charter might improve market conditions in catastrophe-prone areas, according to a Louisiana state representative. Lawmakers continue to "beat...

Light cat year turns focus to renewals.(disaster insurance)
October 1, 2006... Byline: Regis Coccia MONTE CARLO, Monaco-Rates for property risks with a catastrophe exposure are likely to increase significantly during the next period of reinsurance renewals, but reinsurance industry executives expect market conditions...

Demands high for online delivery.(First Word)
October 1, 2006... Byline: Rodd Zolkos Like an increasing percentage of consumers, I've gotten pretty comfortable over the past few years with the whole idea of shopping online. The convenience is unbeatable, and with many online retailers getting...

XL chief stays focused on solid, stable growth; Strong underwriting remains key.(News)(interview with Brian O'Hara)(XL Capital Ltd)(Interview)
October 2, 2006... HAMILTON, Bermuda-The past 20 years have seen XL Capital Ltd. grow from a monoline mutual insurer into a global commercial lines player, but the values and culture on which it was founded remain embedded in the company, President and Chief...

Protecting economy from terrorism; Incentives can entice capital markets to help finance the risk.(Perspectives)
October 2, 2006... Byline: Howard Mills Speak with any American old enough to remember World War II from a stateside perspective and most will speak of the strong sense of unity and participation American citizens felt in the war effort: sugar rationing,...

AIG to pay $13.6M to settle dispute over TRIA premiums in Florida; Insurer to refund workers comp policyholders.(News)(Terrorism Risk Insurance Act of 2002)(American International Group Inc.)
October 2, 2006... Byline: ROBERTO CENICEROS TALLAHASSEE, Fla.-American International Group Inc. will pay back $13.6 million plus interest to workers compensation policyholders in Florida as part of a settlement with state authorities over the insurer's...

Comings & Goings - Industry.(People)(new appointments and resignations)
October 2, 2006... Brokers Chicago-based Aon Corp. has appointed Carlos A. Oliveras as managing director of its U.S. mergers and acquisitions group in New York. Previously, he was president and chief executive officer of CAO Advisors. Swett & Crawford...

31st annual Canadian conference.(News)(31st annual Canadian Risk Management Conference)(Brief article)
October 2, 2006... Byline: Gloria Gonzalez More than 700 people attended the 31st annual Canadian Risk Management Conference in Calgary, Alberta. The conference, which was sponsored by the Canadian arm of the Risk & Insurance Management Society Inc.,...

Forum to explore captive strategies and trends.(News)(annual World Captive Forum)
October 2, 2006... Byline: ROBERTO CENICEROS SCOTTSDALE, Ariz.-The 16th annual World Captive Forum will explore cutting-edge risk financing trends, advanced captive strategies and best practices for forming and operating a new facility. The captive forum...

Lloyd's sees decline in first-half profits as investments fall.(World)(Lloyd's of London)(financial report)(Financial report)(Brief article)
October 2, 2006... Byline: SARAH VEYSEY LONDON-Lloyd's of London posted a profit of 1.35 billion pounds ($2.49 billion) in the first half of 2006, down slightly from the 1.38 billion pounds ($2.47 billion) recorded in the first six months of 2005, due in...

Swiss Re gives more details on plan to eliminate 2,000 jobs.(World)(GE Insurance Solutions Corp. acquired with Swiss Reinsurance Co)(Brief article)
October 2, 2006... Byline: Sarah Veysey ZURICH, Switzerland-Swiss Reinsurance Co. said last week it would begin informing employees of layoffs designed to save about $300 million in costs in the wake of its merger with GE Insurance Solutions, the reinsurance...

Catlin uses swap to gain extra catastrophe cover; Deal secures $200M to cover quakes, storms.(World)(Catlin Insurance Company Ltd contracts)
October 2, 2006... Byline: ADRIAN LADBURY HAMILTON, Bermuda-Catlin Group Ltd., the Bermuda-based insurer and reinsurer, said that its Bermuda-based subsidiary, Catlin Insurance Co. Ltd., has developed a catastrophe swap agreement that would provide it with...

Ten state AGs fight agent group over Zurich pact; Compensation settlement 'fair'.(News)
October 2, 2006... Byline: SALLY ROBERTS Ten state attorneys general have filed a motion in New Jersey federal court opposing the National Assn. of Professional Insurance Agents' stance concerning Zurich American Insurance Co.'s proposed class action...

RenRe ex-execs face charges over finite deal; SEC lawsuit targets former CEO, others.(News)(Securities and Exchange Commission)(RenaissanceRe Holdings Ltd.)(Inter-Ocean Reinsurance Company Ltd.)
October 2, 2006... Byline: RUPAL PAREKH NEW YORK-Federal regulators have brought civil fraud charges against three former top executives of RenaissanceRe Holdings Ltd. for allegedly orchestrating a finite reinsurance scheme designed to smooth the reinsurer's...

Public/private partnership necessary to insure terror risks.(Opinions)(Viewpoint essay)
October 2, 2006... AS FAR AS WE'RE concerned, official Washington was treated to an exercise in the obvious last week when the Government Accountability Office reported that private insurance has no-and is highly unlikely to develop any-appetite for covering...

Proposed rules offer auto enrollment liability protections.(News)
October 2, 2006... Byline: JERRY GEISEL WASHINGTON-For the first time, newly proposed Labor Department rules would protect employers from fiduciary liability if they automatically enroll employees in 401(k) and other participant-directed defined contribution...

MMC's CFO named Mercer chief exec.(Late News)(Marsh & McLennan Companies Inc. - M. Michele Burns)(U.S. Labor Department - Ann Combs )
October 2, 2006... Marsh & McLennan Cos. Inc. has named M. Michele Burns, MMC's current chief financial officer, as chairwoman and chief executive officer of Mercer Human Resource Consulting, the world's largest benefit consultant. Ms. Burns joined MMC earlier...

House bill would boost HSA contribution limits; Panel passes measure but prospects unclear.(News)(Health Savings Account )
October 2, 2006... Byline: JERRY GEISEL WASHINGTON-Legislation approved last week by a House tax panel would enhance the appeal of health savings accounts by increasing contribution limits while opening the door for employers to replace first-generation...

Health care costs outpace inflation; Surveys find downward trend in rates.(News)
October 2, 2006... Byline: JOANNE WOJCIK Two national surveys show that employers' health care costs are rising at a faster rate than overall inflation, although one survey concludes that employers that aggressively monitor and address these costs are doing...

Pension sponsors advised to cover fiduciary liability.(News)
October 2, 2006... Byline: GLORIA GONZALEZ CALGARY, Alberta-Canadian pension plans have become a growing source of litigation, making good risk management, including a thorough review of fiduciary liability insurance policies, a priority for Canadian risk...

Mob daddy or daddy's mob?(Between the Lines)(Weight Watchers International Inc.'s marketing campaign)(UK workers cocaine consumption)
October 2, 2006... Byline: Compiled by Joanne Wojcik Who should have more life insurance-Tony Soprano or Mike Brady? While one in four TV viewers say the mob boss needs more "protection'' given his nefarious lifestyle, an expert says the 1970s sitcom...

Risk managers urged to prepare now for crisis in the future.(News)
October 2, 2006... Byline: Gloria Gonzalez CALGARY, Alberta-Although few risk managers will likely have to deal with airplane emergencies, such scenarios offer valuable lessons about how to navigate a crisis-namely the importance of being as prepared as...

Insurers won't cover worst terror risks: GAO.(News)(Government Accountability Office)
October 2, 2006... Byline: MARK A. HOFMANN WASHINGTON-Proponents of a federal terrorism insurance backstop believe their cause will receive a needed boost courtesy of a federal report that holds that any market-driven expansion of coverage for chemical,...

Defined benefit landscape changes.(Perspectives: Ask a Benefit Actuary)
October 2, 2006... Byline: William J. Miner Q: As a plan sponsor, how will the Pension Protection Act affect our plans and what should we be doing to prepare? A: The past few months have brought a flurry of significant changes to the retirement plan...

Brian O'Hara, XL Capital Ltd.(News)(Interview)(Brief article)
October 2, 2006... On XL's approach to business - "If we promise that we will be dedicated to taking large risks, we can only do that if we have underwriting discipline that's dedicated to making a profit, recognizing that these large risks are going to have...

Medical care quality rises, but wide disparities remain; Report finds mental health care quality sees little improvement.(News)
October 2, 2006... Byline: JOANNE WOJCIK WASHINGTON-Though the quality of medical care provided by health plans participating in the National Committee for Quality Assurance's annual quality reporting initiative continued to improve last year, mental health...

Regulatory reform.(News)(Brief article)
October 2, 2006... The Nonadmitted and Reinsurance Reform Act of 2006 would, among other things: * Prohibit any state other than the home state of a policyholder from requiring any premium tax payment for nonadmitted insurance. * Subject nonadmitted...

House acts to streamline insurance regulation; Senate action uncertain.(News)(Brief article)
October 2, 2006... Byline: MARK A. HOFMANN WASHINGTON-The House of Representatives last week approved a bill that would streamline the regulation of reinsurers and surplus lines insurers. The 417-0 vote in favor of the Nonadmitted and Reinsurance Reform...

NCR to phase out defined benefit pension.(News)(NCR Corp.)(Brief article)
October 2, 2006... Byline: JERRY GEISEL DAYTON, Ohio-Information technology giant NCR Corp. is phasing out its defined benefit pension plan, completing a process it started two years ago when it closed the $3 billion plan to new and younger employees. ...

Bermuda regulator sets year-end date to leave position; Decision reflects change in rules on dual leadership positions.(News)
October 2, 2006... Byline: RUPAL PAREKH HAMILTON, Bermuda-Cheryl-Ann Lister, chairman and chief executive officer of the Bermuda Monetary Authority, said she will step down from both posts at the end of 2006. "After careful consideration, I decided that...

Reinsurance deal was `a round trip of cash': SEC.(News)(Securities and Exchange Commission )
October 2, 2006... Byline: Rupal Parekh In its suit against three former RenaissanceRe Holdings Ltd. executives, the Securities and Exchange Commission alleges that the individuals played various roles in carrying out a two-part sham reinsurance transaction...

Common-sense reform deserves quick passage.(Opinions: Editorial)(Editorial)
October 2, 2006... We have a message for Congress: Take action by passing health savings account reform legislation. As we report on page 1, the House Ways and Means Committee last week cleared what we call a common-sense measure that would remove some of...

Former executives charged.(News)(James N. Stanard )(MARTIN J. MERRITT)(MICHAEL W. CASH)(Brief article)
October 2, 2006... Three former RenaissanceRe Holdings Ltd. executives face civil fraud charges levied last week by the Securities and Exchange Commission. They are: James N. Stanard Mr. Stanard, age 57 and a resident of Maryland and Bermuda, served as...

Canadian law raises concerns for directors.(News)
October 2, 2006... Byline: GLORIA GONZALEZ CALGARY, Alberta-Ontario's amended Securities Act has shot to the top of the list of concerns for independent directors of Canadian companies, although they appear to be covered by directors and officers liability...

Spooked by liability.(End Page)
October 9, 2006... They've given you an insurance policy claim number and taken away your name? Johnny Rivers could update other lyrics from his 1960s hit "Secret Agent Man," perhaps by changing "odds are he won't live to see tomorrow" to "odds are he will...

Karen Beldy Torborg.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Karen Beldy Torborg Global Practice Leader-Private Equity and Mergers and Acquisitions Marsh Inc. New York Age: 40 Karen Beldy Torborg joined Marsh in 1993 from Chubb & Son Inc., where she worked in underwriting. At...

30th Canadian conference.(Conference)
October 9, 2006... Byline: Gloria Gonzalez A total of 277 plan sponsors, administrators and service providers attended the Assn. of Canadian Pension Management's 30th national conference in Winnipeg, Manitoba on Sept. 20-22. The conference featured...

FEATURES.(On the Web)
October 9, 2006... Women to Watch 2006 Accompanying the Women to Watch Spotlight in this week's issue of Business Insurance is a corresponding package on BusinessInsurance.com, featuring expanded profiles of all 80 women on the list of industry leaders....

TRIA supporters draw hope from latest Treasury report.(News)(Terrorism Risk Insurance Act)
October 9, 2006... Byline: MARK A. HOFMANN WASHINGTON-A long-awaited government report on the state of the terrorism insurance market is being met with both relief and disappointment from supporters of a continued federal terrorism insurance backstop. ...

Senate expected to delay backstop.(News)(Brief article)
October 9, 2006... Byline: Mark A. Hofmann WASHINGTON-The House of Representatives is likely to move relatively quickly next year on what role the government should play in guaranteeing terrorism insurance, but the Senate appears unlikely to follow suit, a...

Editorial: Accept no compromise on school safety issues.(Business Insurance Opinions)(Brief article)
October 9, 2006... VIOLENCE in any form is deplorable, but it is especially heinous when it is perpetrated against children. The series of fatal shootings at schools around the country over the past two months is both shocking and frightening, because it shows a...

Marie Gemma Dequae.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Marie Gemma Dequae Group Risk and Insurance Manager NV Bekaert S.A. Zwevegem, Belgium Age: 58 Marie Gemma Dequae joined the NV Bekaert S.A. in 1985 overseeing building risk management awareness and setting up a global...

Sharon Kaleta.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Sharon Kaleta Chief Executive Officer and President Disability Management Employer Coalition San Diego Age: 58 Ms. Kaleta, co-founder of the San Diego-based Disability Management Employer Coalition, is known as a...

Cathy A. Hauck.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Cathy A. Hauck Executive Vp, General Counsel and Corporate Secretary Partner Reinsurance Co. Greenwich, Conn. Age: 51 Cathy A. Hauck began her insurance career in 1984 as an attorney with New York-based American...

Cecilia Norat.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Cecilia Norat Director, State Relations American International Group Inc. New York Prior to joining AIG, Cecilia Norat was executive director of the New York State Insurance Fund from 1990 to 1996. She joined AIG as senior vp...

Robin Sterneck.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Robin Sterneck Head of Commercial Insurance Swiss Reinsurance Co. Kansas City, Mo. Age: 49 Robin Sterneck held several leadership positions at GE Insurance Solutions before the unit was acquired by Swiss Reinsurance Co....

Pamela Rippens.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Pamela Rippens Senior Vp, Field Operations Specialty Risk Services L.L.C. Hartford, Conn. Age: 42 Pamela Rippens landed a job with The Hartford Financial Services Group Inc. right out of college. Four years after joining...

Janice Abraham.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Janice Abraham President and Chief Executive Officer United Educators Insurance Chevy Chase, Md. Age: 49 Before assuming the top spot at United Educators Insurance, Janice Abraham was chief financial officer, treasurer...

Elizabeth Francy Demaret.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Elizabeth Francy Demaret Managing Director, Worldwide Risk Services Group Arthur J. Gallagher & Co. Itasca, Ill. Age: 40 Elizabeth Francy Demaret got her start in the industry as a summer intern prior to attending...

Marsha A. Cohen.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Marsha A. Cohen Senior Vp and Director of State Relations Reinsurance Assn. of America Washington Marsha A. Cohen held several management positions at insurers and reinsurers before she began her lobbying career at the RAA in...

Liz ZlatkusLiz Zlatkus.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Liz Zlatkus President of International Wealth Management and Group Benefits Hartford Financial Services Group Inc. Simsbury, Conn. Age: 47 Liz Zlatkus joined Hartford in 1983 working on the property/casualty side of the...

Lou Ann Layton.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Lou Ann Layton Managing Director and National D&O Practice Leader Marsh Inc. New York Age: 47 Before joining Marsh in 1987, Lou Ann Layton was an underwriter in Chubb Corp.'s executive protection department. Now, as one...

Nancy M. Mellard.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Nancy M. Mellard Executive Vp and General Counsel CBIZ Benefits & Insurance Services Inc. Leawood, Kan. Age: 53 Nancy M. Mellard has more than 25 years of legal, licensing and compliance experience in the insurance...

Barbara C. Bufkin.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Barbara C. Bufkin Senior Vp-Corporate Business Development Argonaut Group Inc. San Antonio Age: 51 Barbara C. Bufkin began her career in 1977 as a commercial underwriting trainee with the Travelers Insurance Co. She...

Karen M. Clark.(Woman of the Year )
October 9, 2006... Karen M. Clark Founder, President and Chief Executive Officer AIR Worldwide Corp. Boston Age: 49 Karen M. Clark had been an insurance company research associate for one year in 1983 when she began developing a simulation...

Lisa Zeitel.(Mercer Health and Benefits L.L.C)(Brief article)
October 9, 2006... Lisa Zeitel Senior Consultant Mercer Health & Benefits L.L.C. Norwalk, Conn. Age: 47 Lisa Zeitel provides health care and prescription drug consulting services for big corporations, state governments and employer...

Claudia P. Temple.(Brief article)
October 9, 2006... Claudia P. Temple Director of Risk Management Brunswick Corp. Lake Forest, Ill. Age: 44 Claudia P. Temple began her career in risk management in 1985 when she joined General Electric Co.'s health and safety department. In...

Pamela E. Davis.(Nonprofits Insurance Alliance Group)(Brief article)
October 9, 2006... Pamela E. Davis President and CEO Nonprofits Insurance Alliance Group Santa Cruz, Calif. Age: 54 Pamela E. Davis entered the insurance business in 1989 when she launched the Nonprofits' Insurance Alliance of California....

Wendy Baker.(Lloyd's America Inc.)(Brief article)
October 9, 2006... Wendy Baker President Lloyd's America Inc. New York Age: 53 Wendy Baker started her career in insurance through a management trainee program at Continental Corp. in 1976. She worked her way up, earning the title of...

Workers comp risks take larger bite of total costs; Cost of casualty risk drops overall by 3%, Marsh study finds.(News)(workers compensation)
October 9, 2006... Byline: SALLY ROBERTS More primary casualty buyers remained loyal to their incumbent insurers in 2005 compared with 2004, while workers compensation took an increasingly prominent position in most companies' overall cost of casualty risk,...

Shootings spur crisis plan reviews; Schools step up security measures after spate of attacks.(News)
October 9, 2006... Byline: JOANNE WOJCIK School district risk managers across the country are reviewing their crisis policies and procedures following the barrage of school shootings that left at least eight people dead in the first two months of this...

Provinces work towards regulation.(News)
October 9, 2006... Byline: Gloria Gonzalez While Canadian pension regulators understand the need to revamp pension laws and regulations to create a more favorable environment for defined benefit plans, the division of power between federal and provincial...

Barbara Haugen.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Barbara Haugen Senior Vp Council of Insurance Agents & Brokers Washington Age: 59 Barbara Haugen has represented commercial brokers since 1981, when she joined the National Assn. of Insurance Brokers as vp-government...

Joy A. Schwartzman.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Joy A. Schwartzman Principal and Consulting Actuary Milliman Inc. New York Age: 50 Joy A. Schwartzman joined Milliman in 1988 after working since the late 1970s as an actuary for American International Group Inc. At...

Ellen Thrower.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Ellen Thrower Executive Director St. John's University, School of Risk Management New York Age: 59 Ellen Thrower is a professor and the executive director of the School of Risk Management, Insurance and Actuarial Science...

Nancy Aque.(Spotlight: Women to Watch)(Thumbnail biography)
October 9, 2006... Nancy Aque Principal Integro Insurance Brokers Chicago Age: 60 Nancy Aque brought more than 35 years worth of brokerage industry experience-with special expertise in health care risks-with her when she was tapped to...