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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

5 records found.


Title: U.S. Terrorism Risk Insurance Act: An Initial Critical Review
Authors: Thomas A. Player
Volume: 10  Number: 2  Issue: Spring 2003  Page: 1
Abstract:  An overview of the recently enacted Terrorism Risk Insurance Act of 2002 and several critical observations about its implementation; as well as, a comparison of key provisions of the U.S. Act with other pools in other countries. By now many of you have heard bits and pieces about the Terrorism Risk Insurance Act of 2002 ("TRIA"), that President Bush signed into law on November 26, 2002. Because reinsurers are not covered by TRIA, you probably have not pored over its provisions. This article will endeavor to accomplish three things: first, to give you an overview of TRIA and its provisions and some interpretations of those provisions by the U.S. Department of Treasury ("Treasury"), TRIA's primary regulator; secondly, to place TRIA into context with similar government reinsurance pools of other countries; and, finally, to point out some of TRIA?s implementation illusions.
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Title: Understanding the Connection Between Business Interruption & Reengineering
Authors: Klaus Gebhardt, Peter Kelly
Volume: 5  Number: 4  Issue: Summer 1998  Page: 1
Abstract:  Several well-publicized and large property claims for business interruption have focused attention recently on the affect that reengineering has on BI exposures. Convention wisdom dictates that reengineered customers with specialized equipment, reduced inventories, few suppliers, and complex interdependency arrangements will begin to present the insurance industry with an array of ever-growing BI claims. In fact, there is more to the picture than the increased size of the maximum event. This paper was presented at the 1997 International Machinery Insurers Association Conference, Sun City, South Africa, November 20, 1997.
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Title: Underwriting Catastrophe Risk: Post Hurricane Katrina
Authors: Bill Churney
Volume: 13  Number: 2  Issue: Spring 2006  Page: 1
Abstract:  The 2005 hurricane season was a trying time for insurance and reinsurers. Many insurance executives were surprised by the size of their company’s losses from Katrina. In this article, we address questions such as: Are models capturing extreme events like Hurricane Katrina? Is the exposure data going into the models sufficiently accurate and complete to produce reliable loss estimates? What can insurers and reinsurers do to gauge the quality of their detailed data?  In the course of answering these questions, we also discuss best practices for interpreting model results and managing catastrophe risk.
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Title: Underwriting Earthquake Property Risks in the New Madrid Seismic Zone
Authors: James Baldwin, Peter Kelly
Volume: 5  Number: 3  Issue: Spring 1998  Page: 1
Abstract:  The earthquake hazard of the New Madrid Seismic Zone presents a particularly difficult challenge to the property insurance underwriter because of low frequency but the high potential for extreme and widespread severity. Today's underwriting practices for property risks in the NMSZ are inadequate from a risk assessment point of view as well as a rating methodology's. This paper, copyrighted by Arkwright, was presented at the New Madrid Quake Conference N.Y., NY, October 30, 1997.
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Title: Unique Features of Surety Reinsurance
Authors: A. Lindsay Doering, IV
Volume: 7  Number: 1  Issue: Winter 2000  Page: 51
Abstract:  While often treated in reinsurance agreements as any other line of business, surety has its own unique features which impact the reinsurance relationship under certain circumstances. Lindsay Doering examines certain important issues which should be considered in analyzing surety exposures.
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