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44 records found.

Title: Calculating the Hedging Layer For a Synthetic Reinsurance Contract
Authors: Joseph B. Cole, Richard L. Sandor
Volume: 1  Number: 2  Issue: Winter 1993  Page: 29
Abstract:  This article explains how the Chicago Board of Trade's Catastrophe Insurance Futures and Options contracts function.
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Title: California Earthquake Authority - A Possible solution to the Risk of Earthquake Insurance, The
Authors: John P, Drennan
Volume: 3  Number: 3  Issue: Spring 1996  Page: 1
Abstract:  The author reviews the development of the CEA and how it would function. At the time of the writing of this article, the CEA still has not been enacted by the California Legislature.
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Title: Capital Consumption: An Alternative Methodology for Pricing Reinsurance
Authors: Donald Mango
Volume: 11  Number: 4  Issue: Fall 2004  Page: 41
Abstract:  This article challenges some of the ways traditional reinsurance planning and portfolio composition decisions have been made. It reexamines core assumptions and recommends potential process improvements to create a more proactive risk management process, embed risk opinions and knowledge into an internal risk model, and consider new mental models of insurance capacity usage and management.
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Title: Capital Markets as a Source of Risk Transfer Capacity
Authors: Michael W. Elliot
Volume: 6  Number: 2  Issue: Winter 1998  Page: 1
Abstract:  The Alternative Dispute Resolution Act of 1998 mandates that the federal courts provide litigants with a choice of alternative methods to resolve disputes rather than relying solely on court resolution. While this legislation does not yet restrict the ultimate right to litigate, it may force the use of non-binding ADR methods initially. It is increasingly clear, therefore, that the government is looking to expedite dispute resolution, and for everyone involved in the insurance relationship now is the time to evaluate just which resolution method best meets the needs of the industry and the policyholders. This paper was prepared for the World Insurance Forum, Bermuda, February, 1999.
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Title: Catastrophe Coverage in China: Issues and Options
Authors: Dorian Kusznir
Volume: 16  Number: 1  Issue: Winter 2009  Page: 27
Abstract:  Following the earthquake in Sichuan province, it was evident that China needed to formulate a catastrophe insurance mechanism in order to protect itself and its people against future disasters. With various political and social issues adding to the already difficult task of developing an insurance scheme for a nation of more than one billion people, the most efficient and resourceful way to begin formulation is through the analysis of other catastrophe insurance programs. Additionally, the role of the reinsurer as well as global experts will play an important part in helping to develop a successful insurance structure.
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Title: Catastrophe Models: Where They Came From and Where They're Going
Authors: Beverly Porter, Uday Virkud, PE
Volume: 9  Number: 1  Issue: Winter 2002  Page: 11
Abstract:  Since catastrophe models were introduced to the reinsurance industry in the mid-1980's, they have gone from relative obscurity to center stage as the global standard catastrophe risk assessment technology. As models continue to evolve, their value, which today extends to the financial markets and the corporate community, continues to increase.
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Title: Catastrophe Numbering System, Event Identification and Loss Estimation, The
Authors: Gary R. Kerney
Volume: 4  Number: 3  Issue: Summer 1997  Page: 26
Abstract:  For almost half a century, PCS has been the recognized authority for identifying catastrophes and estimating their property losses. Several factors determine when a calamity becomes a numbered catastrophe.
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Title: Catastrophe Reinsurance Underwriting - the Past and the Future
Authors: Karen M. Clark, Beth M. Richardson
Volume: 3  Number: 4  Issue: Summer 1996  Page: 1
Abstract:  The authors discuss how catastrophe reinsurance underwriting has emerged from an art understood by few to a sophisticated mathematical discipline using extensive computer modeling.
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Title: Catastrophe Risk In Florida: Efforts To Manage The Unmanageable
Authors: Fred E. Karlinsky, Richard J. Fidei
Volume: 15  Number: 4  Issue: Fall 2008  Page: 1
Abstract:  Florida has undergone over the last few years a significant upheaval in its direct residential property insurance market. Significant efforts have been undertaken to manage Floridas hurricane catastrophe risk. The hurricanes of 2004 and 2005 have transformed Florida to a market which is relying heavily upon state backed direct residential property coverage through Citizens Property Insurance Corporation and catastrophe reinsurance through the Florida Hurricane Catastrophe Fund. What are the forces which have led to this transformation? What initiatives have been implemented in Florida to address the risk of catastrophe? In final analysis, the availability and affordability of residential property insurance remains an ongoing challenge for Floridas policymakers and the efficacy and ramifications of their efforts to date are the subjects of considerable interest.
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Title: Catastrophe Risk Management - Fulfilling the Demand
Authors: Ted Blanch
Volume: 3  Number: 2  Issue: Winter 1995  Page: 1
Abstract:  In this article, the author describes the changes which have taken place because of catastrophic losses, like Hurricane Andrew. He focuses on how reinsurers have changed their approach to catastrophe risk management, and examines changes which have occurred in the risk management paradigm.
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Title: Caution Urged for Reinsurers Handling Claims of Failed Insurers
Authors: James W. Carbin
Volume: 4  Number: 4  Issue: Spring 1997  Page: 43
Abstract:  In Keightley v. Republic Insurance Company, the Court of Appeals Texas, considered a claim by a direct assured against Republic Insurance Company, the reinsurer that had assumed the administration of direct claims when the ceding company, National County Mutual Insurance Company, suffered financial trouble. The lawsuit against the reinsurer was for failing to settle the liability claim against the insured within policy limits when the opportunity existed.
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Title: Caveat Reinsurer: Reinsuring Punitive Damages Under Eco Clauses
Authors: Larry P. Schiffer, William P. Bodkin
Volume: 9  Number: 3  Issue: Summer 2002  Page: 23
Abstract:  Extra Contractual Obligations clauses in reinsurance agreements were designed to provide coverage for bad faith punitive damages awards against reinsureds. The validity and enforceability of these clauses has been challenged because of the public policy in many states against the insurance or reinsurance of punitive damages awards. Courts construing arbitration awards upholding the validity and enforceability of ECO clauses likely will not interfere with the bargained-for agreement between the parties to provide coverage for punitive damages awards because there is no national policy against reinsuring punitive damages. This article was published in the Tort & Insurance Law Journal 37:1 (2000); reprinted with permission by the American Bar Association.
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Title: Ceded Reinsurance Challenges in a Hard Market
Authors: Peter T. Beresford, Ph.D.
Volume: 10  Number: 4  Issue: Fall 2003  Page: 1
Abstract:  Ceded reinsurance departments have been dealing with many challenges surrounding the collections of claim balances, the placement of current coverages, and internal pressure to control/reduce costs. The recent hardening of the market has made each of these challenges even more difficult. This article examines each of these challenges and offers some suggestions for reinsurers as to how they might assist their clients in addressing these challenges.
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Title: Changing the Face, Preserving the Purpose: Restructuring Louisiana Homeowner s Market
Authors: Elizabeth Ragland
Volume: 17  Number: 1  Issue: Winter 2010  Page: 111
Abstract:  Hurricanes Katrina and Rita served as a catalyst for implementing necessary changes to the Louisiana Homeowners Insurance Market. In the 2007 legislative session, reforming the regulatory environment to improve the states marketability to insurance companies became top priority. The following commentary discusses major legislative changes to the market in 2007 as well as their short term and possible long term effects.
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Title: China - Opportunities and Obstacles for the Insurance Industry in an Emerging Country
Authors: CPCU Society's Charlotte Chapter
Volume: 5  Number: 3  Issue: Spring 1998  Page: 35
Abstract:  The political and economic changes occurring within China over the past five to 10 years offer excitement and hope not only for the Chinese people, but also provide an opportunity for U.S. insurance companies, their employees, and their shareholders to capitalize on the growing Chinese insurance market by providing products, services, and capital.
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Title: Class Actions In America
Authors: Elizabeth J. Bondurant
Volume: 10  Number: 3  Issue: Summer 2003  Page: 17
Abstract:  The extraordinary increase in class action has been a major contributor to the dramatic rise in the costs which threaten a variety of organizations and their insurers. This article examines the evolution of the class action, including efforts to limit its impact on the civil liability system in the U.S.
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Title: Climate Change and the Future Security of the Reinsurance Market: Recent Developments and Upcoming Issues For the Industry
Authors: Jeremy Leggett
Volume: 1  Number: 2  Issue: Winter 1993  Page: 73
Abstract:  The outcome of ongoing multilateral negotiations under the Framework Convention on Climate Change is of profound significance to the reinsurance industry. Input by the industry to the negotiations stands to speed the pace of greenhouse gas emission limitation, thereby decreasing the extent to which climate change will undermine the future security of the reinsurance market.
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Title: Climate Change and the Insurance Industry ( Intro.)
Authors: Ann M. Deering
Volume: 1  Number: 2  Issue: Winter 1993  Page: 57
Abstract:  The outcome of ongoing multilateral negotiations under the Framework Convention on Climate Change is of profound significance to the reinsurance industry. Input by the industry to the negotiations stands to speed the pace of greenhouse-gas emission-limitation, thereby decreasing the extent to which climate change will undermine the future security of the reinsurance market.
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Title: Climate Change: Extreme Events and Society's Response
Authors: Pier Vellinga, Richard S.J. Tol
Volume: 1  Number: 2  Issue: Winter 1993  Page: 59
Abstract:  This article provides an overview of climate change and global warming. It focuses on the potential impact of these on the insurance industry and future climate change predictions.
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Title: Climate Change: Risk Management Issues
Authors: Robin K. Olson
Volume: 15  Number: 4  Issue: Fall 2008  Page: 31
Abstract:  The debate as to whether or not global warming is occurring appears to be losing steam, as more and more scientists are convinced that planet Earth is becoming warmer. There is now a shift in focus from this debate to the steps that various public and private organizations can take to proactively manage this daunting phenomenon. Thus, this article applies the risk management process of identification, measurement, and treatment to global climate change, including a series of recommendations for a wide variety of entities.
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Title: Coming of Age
Authors: Linda Dakin-Grimm, Mark B. Cloutier
Volume: 11  Number: 2  Issue: Spring 2004  Page: 29
Abstract:  Arbitration - the reinsurance industry's method of settling contract disputes - is no longer effective and needs an update.
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Title: Coming Storm (The Changing Nature of Risk), The
Authors: Robert B. Hille
Volume: 10  Number: 3  Issue: Summer 2003  Page: 67
Abstract:  Recent terrorist attacks, the changing environment and the emergence of new diseases are redefining how we look at risk. Today, the unexpected may be the rule rather than the exception, with the severity and frequency components of pricing and performance increasing over time rather than stabilizing. Thus, in the future there should be greater focus on the individual risk and scrutiny if pricing, more extensive reinsurance agreements with exclusionary language for occurrences with no historical record, and greater emphasis on capping overall exposure.
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Title: Commercial Unions v. Seven Provinces and Reinsurance Allocation:
Authors: Kathryn P. Broderick
Volume: 8  Number: 2  Issue: Spring 2001  Page: 51
Abstract:  Among the reasons which prompt the need for dispute resolution between cedents and reinsurers, allocation of claims among occurrences and policies is either at or close to the top of the list. In her commentary, Ms. Broderick addresses the influence of the CU/Seven Provinces case on this often contentious issue.
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Title: Comparison of American and English Law on Rescission
Authors: Benjamin Gonson, Edward Benson
Volume: 14  Number: 4  Issue: Fall 2007  Page: 13
Abstract:  A review of the requirements of American and English courts when reinsurers seek to use the rescission remedy shows some strong similarities. However, there are marked differences in how each jurisdiction approaches the availability of unilateral rescission.
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Title: Compromise Awards: A Summary of the Law
Authors: Mark Handler, Esq., David S. Weiss, Esq.
Volume: 7  Number: 1  Issue: Winter 2000  Page: 31
Abstract:  Given the pervasive industry concerns with respect to the perceived inclination of arbitration panels to "split the baby", Attorneys Hansler and Weiss examine the law which may facilitate the issuance of those rulings.
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Title: Concept of Admissibility: The Utility of the Law of Evidence to the Arbitrator, The
Authors: H. Richard Uviller
Volume: 9  Number: 2  Issue: Spring 2002  Page: 55
Abstract:  This article has been adapted from Professor Uviller's keynote address to the ARIAS 2001 Annual Conference, and deals with the application of the Law of Evidence to the arbitration process.
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Title: Conditional Fee Litigation
Authors: Clive Boxer
Volume: 2  Number: 4  Issue: Summer 1995  Page: 14
Abstract:  There has been a significant amount of debate in the United States, as well as, other countries over the role of contingency fees for attorneys. Use of the contingency fee is being considered in England. The author presents some safe guards which should be used if the proposed contingency fee approach is adopted. A copy of the material setting forth the proposed contingency fee system can be found at the end of the article.
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Title: Confidentiality in Arbitrations: Are We Only Hiding from Ourselves?
Authors: Keith A. Dotseth, Melissa M. Weldon
Volume: 14  Number: 3  Issue: Summer 2007  Page: 49
Abstract:  While many articles have been written about the role of confidentiality in arbitration proceedings, presuming that confidentiality is one of the benefits of arbitration, this article looks at the other side, asking the question, Is confidentiality inherently desirable? With that question in mind, this article addresses whether there should be a presumption of confidentiality in the absence of an express confidentiality provision in the arbitration agreement. Both Mr. Dotseth and Ms. Weldon are members of ARIAS U.S. and this article was derived from the authors paper which was first presented as part of a 2006 ARIAS U.S. Fall Conference workshop conducted in part by Mr. Dotseth.
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Title: Considerations for the Arbitration of Insurance Coverage Disputes
Authors: Frank Lattal
Volume: 6  Number: 3  Issue: Spring 1999  Page: 55
Abstract:  Arbitration has long been used by the insurance industry in London and in the United States to settle claims. As understanding of the value of ADR by both insurers and insureds grows, arbitration for insurance coverage disputes should also grow. Arbitration is not the correct choice for every dispute. Where strong judicial precedent exists, or there is a concern about the integrity of the evidence, arbitration may not be appropriate at all. However, the practical benefits of having disputes resolved in an expedited manner by a neutral arbitrator with specialized expertise weigh increasingly in favor of arbitration as the dispute resolution method of choice. Excerpts from this paper were presented at the World Insurance Forum in Bermuda, February 1999.
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Title: Consolidation = Evolution? Inside the Trend
Authors: Dan Sheehan
Volume: 4  Number: 1  Issue: Fall 1996  Page: 48
Abstract:  Within the last ten years, the reinsurance industry has undergone major consolidation as companies search for ways to strengthen capital, enlarge market share and reduce expenses. Three recent mergers are discussed in detail.
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Title: Contingent Business Interruption Claims: Filing and Recovery Issues
Authors: Gerald W. Motejunas
Volume: 11  Number: 3  Issue: Summer 2004  Page: 1
Abstract:  Since September 11th, Contingent Business Interruption claims have multiplied throughout the United States.  This article focuses on the elements necessary to establish the validity of those claims.
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Title: Contingent Capital: Reinsurance in Banking Clothes
Authors: David Colarossi
Volume: 8  Number: 1  Issue: Winter 2001  Page: 1
Abstract:  Contingent capital products are a cross between credit facilities, reinsurance, and paid-in capital. They provide capital support by making capital available (as with a credit facility) and support liquidity and solvency needs (as with paid-in capital), but do so only after specific adverse events occur (as with reinsurance). Recent co-ventures between banks and re/insurance companies show that the convergence between banking and insurance is a reality.
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Title: Convergence in the Weather Risk Markets
Authors: Erik Banks
Volume: 9  Number: 1  Issue: Winter 2002  Page: 1
Abstract:  The weather risk management market, which includes coverage of catastrophic and non-catastrophic weather events, has grown rapidly over the past few years. As the insurance and financial markets continue to converge, greater liquidity and tighter pricing should result - leading to further growth.
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Title: Coping with a Reinsurance Inspection
Authors: Nigel Curtis
Volume: 11  Number: 4  Issue: Fall 2004  Page: 31
Abstract:  With any inspection, there needs to be a balance in providing reasonable access and information - enough information to substantiate compliance with the terms and conditions of the contract, but no more than the inspectors are entitled.
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Title: Coping with the CDS Crisis: Lessons Learned from the LMX Spiral
Authors: William C. O Neill, Nilam R. Sharma, Michael T. Carolan, Zainab Charchafchi
Volume: 16  Number: 2  Issue: Spring 2009  Page: 1
Abstract:  The turmoil within the market for credit default swaps a financial tool similar to credit insurance is intimately tied to the widespread asset devaluation and de leveraging process roaring through the transatlantic economy. It is also similar, on a much broader scale, to the Lloyds LMX Spiral of the 1980s. In both crises, the problems were driven by misaligned incentives, intra industry risk mitigation strategies that often pushed risks to new capital, underwriting models that caused some to view premiums as free money, and a reverberation of losses due to collateral obligations and counterparty defaults. This turmoil has prompted U.S. state, federal, and European policymakers to seek regulatory solutions, including the creation of a central counterparty system. In designing such regulations, however, policymakers should consider the lessons previously learned by the reinsurance industry in the aftermath of the Lloyds LMX Spiral for guidance.
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Title: Coverage Conundrum
Authors: James F. Johnson, Alan J. Maguire, Joseph G. Hissong
Volume: 1  Number: 3  Issue: Spring 1994  Page: 65
Abstract:  This article updates an article by the authors which appeared in the Fall 1993 issue of the Journal of Reinsurance.
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Title: Coverage Conundrum: Reinsurance Recoverability of the Costs of Coverage Disputes
Authors: James F. Johnson, Alan Maguire, Joseph G. Hissong
Volume: 1  Number: 1  Issue: Fall 1993  Page: 15
Abstract:  This article considers the arguments that have been raised by both reinsurers and cedents concerning the liability of reinsurers for the costs of initiating or defending declaratory judgment actions brought by their cedents.
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Title: Coverage Implications Related to the Eruption of Icelands Eyjafljallajokull Volcanon
Authors: Costantino P. Suriano, Hilary M. Henkind, Frank J. DeAngelis, Francis A. Montbach, Marc E. Haas
Volume: 17  Number: 3  Issue: Summer 2010  Page: 5
Abstract:  Abstract: This article focuses primarily on potential first-party insurance coverage issues related to the eruption of Icelands Eyjafjallajokull volcano. The article discusses: (1) business interruption coverage; (2) contingent business interruption coverage; (3) civil authority coverage; and (4) sue and labor coverage. Additionally, this article addresses issues that tour operators, travel agents, and air cargo carriers may face as a result of the delays and/or cancellations caused by flight restrictions resulting from the volcanic ash spewed into the atmosphere by the eruption.
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Title: Coverage of Bad Faith Under ECO Provisions
Authors: Benjamin Gonson, Edward Benson
Volume: 11  Number: 1  Issue: Winter 2004  Page: 19
Abstract:  Although many reinsurance contracts cover a cedant's bad faith claim handling as part of ECO coverage, it is unclear whether public policy prohibits cedants from collecting certain ECO claims based on bad faith. Recent comments from state insurance departments suggest that the issue is not settled.
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Title: Creating Insurance Innovation Through A Services Orientation
Authors: James H. Bisker
Volume: 14  Number: 2  Issue: Spring 2007  Page: 47
Abstract:  The insurance industry is working to embrace the power of service-oriented architecture (SOA) as a way to improve the efficiency of information technology (IT) departments and their ability to interconnect with business stakeholders. This development, coupled with the trend to componentize business processes will more squarely place the burden of innovation on the business side of the insurance equation.
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Title: Current Topics in Rescission of Reinsurance Contracts
Authors: P. Jay Walker, Edward K. Lenci
Volume: 3  Number: 1  Issue: Fall 1995  Page: 44
Abstract:  The authors examine the bases upon which reinsurers can seek to rescind contracts and review the recent cases which form the current framework for reinsurance contract rescission.
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Title: Cutting-Through Koken v. Legion: The Doctrine of Third-Party Liability
Authors: Deborah L. Cotton, Thomas D. Cunningham, Andrew C. Shoenthal
Volume: 11  Number: 2  Issue: Spring 2004  Page: 15
Abstract:  In this article, the authors provide a historical overview on cut-throughs and look at the recent Legion decision and the questions it raises about direct actions against reinsurers. The article also suggests ways reinsurers can minimize the possibility of direct liability.
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Title: Cyber Risk: The Greatest Threat to the Insurance Industry for the 21st Century
Authors: Jedediah D. Berry
Volume: 9  Number: 1  Issue: Winter 2002  Page: 55
Abstract:  Although businesses are enjoying the opportunity to vastly expand their marketing horizons via the Internet, those enterprises and their insurance carriers, including the reinsurance community, continue to struggle with their ability to cope with the exposures arising from internet transactions.
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