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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

14 records found.

Title: Managing Large-Scale Risks In a New Era of Catastrophes
Authors: Howard Kunreuther et al
Volume: 15  Number: 3  Issue: Summer 2008  Page: 1
Abstract:  The recent upsurge in hurricanes, coupled with increasing residential and commercial development in coastal areas of the United States, has exposed people and property to an entirely new scale of destruction, with cascading effects on homeowners, businesses located within these devastated areas and those depending on them, insurance and financial markets, and the public sector. In 2005, three major hurricanes - Katrina, Rita and Wilma - made landfall in the Gulf of Mexico within a six-week period, killing over 1,500 people and leading to insurance reimbursements and federal disaster relief of over $180 billion - an historic record. These three storms occurred after four other hurricanes had caused severe damage in Florida in 2004. With a focus on hurricane risk and flood hazard, and on providing protection to homeowners, Managing Large-Scale Risks in a New Era of Catastrophes provides a series of in-depth analyses of the efficiency and equity of current disaster insurance markets and mitigation programs in the United States, the impact of state-based regulations on insurance protection and the loss distributions among different stakeholders. To our knowledge, this is the first time that these types of data have been collected simultaneously for several consecutive years, analyzed and interpreted in the context of existing state insurance regulatory systems and the structure of the property insurance market in the United States. Our principal purpose in undertaking these in-depth studies is to examine alternative long-term sustainable strategies for reducing losses from natural disasters and providing financial support to victims of these events.
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Title: Managing The Cycle - Can It Be Done?
Authors: Rolf Tolle
Volume: 14  Number: 3  Issue: Summer 2007  Page: 1
Abstract:  Ever since the insurance industry began to track average prices in the 1920s, insurers have come to view pricing cycles as something like a force of nature - with a somewhat erratic timetable and a largely uncontrollable impact on their business. Mr. Tolle says that insurers today have the tools they need to handle these elements, and discusses how underwriters can better manage the cycle.
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Title: Managing The Rising Tide of Claims
Authors: Bina T. Dagar
Volume: 17  Number: 1  Issue: Winter 2010  Page: 99
Abstract:  Large and small losses are driving down profits within the insurance industry. Managing claims requires attention to technical detail and a deliberate action plan for long-term strategy. In this article, the author proffers tried and true processes that comprise a technical claims review.
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Title: Mandatory Flood Coverage: Including the Excluded
Authors: Greg Nelson, CPCU, AIM
Volume: 15  Number: 3  Issue: Summer 2008  Page: 31
Abstract:  Hurricane Katrina was the largest catastrophe in U.S. history. Total damages exceeded $200 billion, but only $41 billion was covered by insurance because most victims did not have flood coverage. Many victims voluntarily chose not to buy flood insurance. Many others, however, did not believe flood insurance was necessary. The bulk of the costs of Katrina will be paid by federal and state agencies and ultimately borne by U.S. taxpayers. This situation is not unique to Katrina victims. Flooding has occurred in every state, and can occur virtually anywhere in the United States, yet most property owners do not have flood insurance. This article explores the reasons for this situation and suggests a reasonable solution for protecting every property from the peril of flood while reducing the cost to U.S. citizens from damage caused by floods.
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Title: Mediation in Reinsurance
Authors: Peter A. Scarpato
Volume: 17  Number: 3  Issue: Summer 2010  Page: 43
Abstract:  Abstract: The following article reviews the advantages, process and state of the law of mediation, as well as provides an introduction to one of the fastest growing organizations in the industry - the Re/Insurance Mediation Institute.
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Title: Mediation to Resolve Reinsurance Disputes
Authors: Richard G. Waterman, CPCU
Volume: 7  Number: 3  Issue: Summer 2000  Page: 39
Abstract:  Arbitration has traditionally been the forum of choice to resolve disputes arising from the application of reinsurance contracts. Recently, the mediation process has become an increasingly popular alternative worthy of consideration by parties interested in resolving their difference in a less adversarial and more economical forum.
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Title: Medical Cost Containment Measures in Florida's Workers' Compensation System: A Descriptive Analysis
Authors: Cliff Schmidt
Volume: 2  Number: 3  Issue: Spring 1995  Page: 52
Abstract:  Florida has implemented some stringent health care cost containment measures applicable to workers' compensation. These include limiting the choice of the medical provider, medical practice reviews, pricing regulations and managed care. This paper examines the potential for cost containment afforded by these measures.
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Title: Medical Professional Liability - Not for the Faint of Heart
Authors: Deborah K. Ropelewski, CPCU, AU, ARM, ARe, CPIW
Volume: 10  Number: 4  Issue: Fall 2003  Page: 29
Abstract:  This article explores the reasons for the deteriorating results and the dynamics of the widespread crisis in the medical and professional liability insurance/reinsurance arena. It discusses the reinsurers' response, in terms of both underwriting actions and contractual or rating restrictions, as well as what can be expected in the near future.
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Title: Megamergers in Brokerage--Global Impact on Price, Product, Service and Availability
Authors: John Reeve
Volume: 6  Number: 1  Issue: Fall 1998  Page: 1
Abstract:  Consolidation within the insurance industry will continue, but also within the broker community. This consolidation will increase competition among the brokers and insurers for business which may result in the establishment of new relationships between insurers, brokers and their customers. This paper was presented at the International Insurance Society's seminar in Sydney, Australia, July 1998.
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Title: MGA Model: Can it Survive A Hard Market?, The
Authors: Wayne H. Carter, III, CPCU, ARM
Volume: 8  Number: 4  Issue: Fall 2001  Page: 39
Abstract:  The market role and image of Managing General Agents (MGAs) have long been controversial, particularly from the vantage point of their risk-bearing partners. In tracing the evolution of those relationships, Mr. Carter suggests ways in which MGAs can obtain and restore the confidence of the insurance and reinsurance community they serve.
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Title: Minimizing and Managing Coverage Disputes--Is ADR Always the Answer?
Authors: Harold J. Moskowitz
Volume: 6  Number: 2  Issue: Winter 1998  Page: 43
Abstract:  In recent years, securitization has been used as a risk transfer technique by primary insurers to transfer catastrophe risks, although the number of transactions is small. Most insurance industry observers agree that the number of securitized transactions will continue to grow and that reinsurance underwriters and intermediaries will increasingly look to capital market alternatives in order to supplement the risk-taking capacity of the traditional reinsurance market. This paper provides an overview of insurance securitization as a risk transfer technique and explains why, in the author's opinion, it will continue to grow as a source of risk transfer capacity. The views expressed in this paper are those of the author and are not necessarily those of the American Institute for CPCU or the Insurance Institute of America.
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Title: Mold Update: A Musty Year for Insurers
Authors: John H. Haley, Laurie A. Kamaiko, Charles F. Gfeller
Volume: 9  Number: 4  Issue: Fall 2002  Page: 21
Abstract:  This article discusses recent exclusions, legislation, cases, developments and general trends relating to toxic mold claims and their effect on the insurance industry.
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Title: Moving Insurance Securitization Onshore
Authors: David W. Alberts
Volume: 7  Number: 4  Issue: Fall 2000  Page: 19
Abstract:  Securitization has been touted as an innovative method to access capital market capacity as an alternative and/or supplement to more traditional reinsurance arrangements. Thus far, however, securitization vehicles have been primarily kept "offshore" due to regulatory and tax considerations. In this article, Mr. Alberts review the reasons why, as well as the prospects for change in the U.S. environment for these transactions.
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