Reprints for Member companies are free upon login to the IRU Website.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

16 records found.

Title: Federalization of Insurance/Reinsurance, A Good Idea?
Authors: Michael Haravon
Volume: 13  Number: 3  Issue: Summer 2006  Page: 55
Abstract:  In the wake of the recent investigations into finite reinsurance, the debate over whether to federalize insurance and/or reinsurance law has focused on one anticipated outcome: simplicity. The example of the unified European insurance scheme shows that simplicity is not necessarily achieved through the use of uniform laws. Indeed, sweeping differences are bound to emerge when the instruments purporting to silence them failed to properly address the reasons for their existence. Before rushing into federalization, it might be time to stop and think about what is bound to be a costly exercise and assess what federalization is trying to achieve and whether it is in fact needed.
Order Reprint - Download (Requires Login)

Title: Fiduciary Liability Insurance: Safe from Sub-Prime or a Ticking Time Bomb?
Authors: Doug Rarig, CPCU, ARe
Volume: 16  Number: 1  Issue: Winter 2009  Page: 1
Abstract:  The earnings results of many companies in 2008 focused heavily on sub-prime related investment losses and underwriting losses. At this time, directors and officers policy losses along with errors and omissions policy losses are the loss drivers for many insurance companies. But, in light of recent lawsuits such as the LaRue decision, fiduciary liability looks like the next wave for claims and litigation. This article analyzes the breadth of coverage afforded by fiduciary liability, how ERISA helped to define the responsibilities of fiduciaries, and the impact of the LaRue decision, which should help give a sense for the type of claims that will come next.
Order Reprint - Download (Requires Login)

Title: Final Dividend Liquidation Plans: Whither Reinsurers?
Authors: Nick Pearson
Volume: 5  Number: 1  Issue: Fall 1997  Page: 59
Abstract:  Final Dividend Liquidation Plans allow a liquidator to "estimate" the value of IBNR claims through actuarial methods and apply a present dollar value to these liabilities, making them eligible for payment under the liquidation scheme. However, such estimations remain only a "best guess" and certain contingent liabilities, such as IBNR for environmental losses, may not even have that degree of likelihood.
Order Reprint - Download (Requires Login)

Title: Financial Markets Will Play Limited Reinsurance Role
Authors: Dr. Jurgen Zech
Volume: 4  Number: 1  Issue: Fall 1996  Page: 38
Abstract:  The new financial products being developed by capital markets will not replace traditional reinsurance, but may be an essential supplement to conventional insurance products.
Order Reprint - Download (Requires Login)

Title: Finite Risk in the Post-Enron Environment
Authors: Edward S. Hochberg, CPA, CPCU
Volume: 9  Number: 4  Issue: Fall 2002  Page: 1
Abstract:  Recent accounting scandals have had a temporary chilling effect on finite risk reinsurance, as established accounting ground rules and industry practice were obliterated. In the aftermath of these scandals, however, most types of finite risk reinsurance have grown in popularity. The main reasons for the re-emergence are: (1) the fact that finite risk generally has a very valid business purpose, and it can be a very useful tool for insurance company managers in a hardening market and (2) the re-establishment of industry practice and accounting ground rules, coupled with a growing recognition of what types of transactions are acceptable and not acceptable in a "big picture" sense.
Order Reprint - Download (Requires Login)

Title: Floridas 2010 Regular Legislative Session
Authors: Colodny Fass Talenfeld Karlinsky and Abate
Volume: 17  Number: 3  Issue: Summer 2010  Page: 1
Abstract:  A Summary of Insurance Major Insurance-Related Bills
Order Reprint - Download (Requires Login)

Title: Focus on Insurance Education: The Value of Insurance and Reinsurance Underwriting Knowledge Post 9/11
Authors: Connor M. Harrison, CPCU, AU, ARe
Volume: 9  Number: 3  Issue: Summer 2002  Page: 67
Abstract:  Although technical education has always been an important element in developing the proficiency of insurance and reinsurance practitioners, the events of 9/11 not only suggest the need to re-evaluate those proficiency levels, but also cause us to revisit the availability and content of educational programs designed to enhance that proficiency. The Insurance Institute of America and the American Institute for CPCU have taken important steps in that regard.
Order Reprint - Download (Requires Login)

Title: Follow the Fortunes and Allocation An Update
Authors: Cecilia Moss, Peter Chaffetz
Volume: 16  Number: 2  Issue: Spring 2009  Page: 55
Abstract:  In this article, the authors discuss the impact of recent cases from state and federal courts in New York on the evolution of the follow the fortunes doctrine. This principle has traditionally operated to protect cedents from having to re litigate with their reinsurers issues resolved in the adjustment of the underlying claims. Some courts have interpreted these clauses to foreclose reinsurer inquiry not only into issues resolved through the settlement with the policyholder, but also to issues that may not have been relevant to the underlying claim adjustment, such as allocation of that settlement to different years and layers of a cedents reinsurance program. This article examines the tension between the New York federal and state courts with respect to question of how expansively these clauses should be applied to allocation issues.
Order Reprint - Download (Requires Login)

Title: Follow the Fortunes Doctrine in American Courts, The
Authors: Paul M. Hummer
Volume: 8  Number: 2  Issue: Spring 2001  Page: 33
Abstract:  Quite often, disputes between cedents and their reinsurer's center on a reinsurer's right to question a cedent's claim-payment decisions, which give rise to corresponding claims under a reinsurance agreement. In his commentary, Mr. Hummer reviews the evolution of the "follow the fortunes" doctrine pertaining to such disputes.
Order Reprint - Download (Requires Login)

Title: Follow-The-Allocations: Through Seven Provinces, Across The North River, And To The Gerling Wall
Authors: Robert A. Badgley, Esq.
Volume: 12  Number: 1  Issue: Winter 2005  Page: 23
Abstract:  In this article, the author examines recent judicial developments surrounding the quest by cedents to extend the “follow-the-settlements” obligation to encompass a cedent’s reinsurance allocation. As this article goes to press, the third of a trio of “follow-the-allocations” cases is before a U.S. appellate court. It is submitted herein that the recent court decisions — including the case now on appeal — will not bring about the end of reinsurer challenges (sometimes successful) to cedent allocations.
Order Reprint - Download (Requires Login)

Title: Footprints from the Tar Pit
Authors: Stephen G. Tirney
Volume: 7  Number: 4  Issue: Fall 2000  Page: 1
Abstract:  The volatility of the reinsurance market and its relationship to the insurance community has long been topics of industry conversation. The following commentary reflects Mr. Tirney's intriguing view of the current marketplace, its evolutionary history and the pressures which influence market practice.
Order Reprint - Download (Requires Login)

Title: From Buenos Aires to Boston--Information is the Key to Insurance Profitability
Authors: Fred R. Marcon
Volume: 6  Number: 2  Issue: Winter 1998  Page: 15
Abstract:  To compete in the rapidly changing insurance markets of the emerging countries, information allows insurers to assess risk confidentially, price coverage based on the risk, control costs, and develop optimum prices and services that lead to operating success and profitability. In the United States the collection of data has become an accepted part of underwriting. But worldwide, data collection varies greatly by region and line of business, and in most cases is very limited.
Order Reprint - Download (Requires Login)

Title: Fronting Regulation and Captive Reinsurance
Authors: Roger Borgen, Robert M. Hunt
Volume: 1  Number: 2  Issue: Winter 1993  Page: 1
Abstract:  The authors provide an analysis of existing and proposed regulation of those unauthorized reinsurance activities referred to as "fronting" and which include captive and non-captive arrangements. The authors limit their analysis to state regulations and the proposed National Association of Insurance Commissioners' fronting act. A prescription for regulatory activity in this area is provided.
Order Reprint - Download (Requires Login)

Title: Funded - Cover Reinsurance: The Evolution of an Emerging Accounting Issue
Authors: Wayne S. Upton, Jr.
Volume: 2  Number: 1  Issue: Fall 1994  Page: 58
Abstract:  The author focuses on Issues Number 93-6 "Accounting for Multiple-Year Retrospectively Rated Contracts by Ceding and Assuming Enterprises." He examines whether pay-as-you-go accounting for retrospectively rated contracts provides the traditional reporting of insurance without providing the same set of economic relationships.
Order Reprint - Download (Requires Login)

Title: Funding Catastrophe Exposures in the 1990s and Beyond: Traditional Solutions and New Approaches
Authors: Anthony J. Kuczinski
Volume: 3  Number: 2  Issue: Winter 1995  Page: 30
Abstract:  The author examines which products will decline and what new types of products will be developed. He also explains some of the factors which will affect the changes.
Order Reprint - Download (Requires Login)