All Liabilities articles – Page 35
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Market will turn: Munich Re
Increased demand for reinsurance in current financial climate could increase rates by double digit percentages
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Analysis
Weathering the storm
The insurance industry seems to be responding relatively well to the financial crisis, but challenging times are in store for it
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RIMS endorses Dinallo’s stance on contract certainty
Encourages other states to follow New York’s lead
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California recovers nearly $13m for wildfire claims
The insurance regulator said it had to chase insurance companies to resolve claims from last year’s wildfires
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Income inequality rising in OECD
Growing inequality is divisive and increases political tensions, says OECD secretary-general
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Analysis
Well overdue
Based on historical recurrence rates the next pandemic is overdue and its impact could be even worse than the 1918 Spanish flu
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Credit crunch a ‘breeding ground for fraud’
AIRMIC members warned to expect increased losses
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OECD blasts Britain’s soft touch on bribery
The international organisation demanded the UK adopt proper anti-bribery laws
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Features
Fixing injury claims
The Ministry of Justice has proposed reforms to the claims process in the UK. Philip Tracey outlines what they mean and how they could affect the issue of costs
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Regulators are top concern for FS firms
Penalties for data breaches are more worrying than reputation damage, according to survey
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AIG knew about CDS problems: WSJ
American International Group executives may have misled shareholders about problems in its Financial Products division, according to the Wall Street Journal
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Smarter risk management can help beat crunch: Marsh
Some simple actions around insurance and risk management can help free up cash for use in the business, says the broker
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Lords press parliament to take online security seriously
Government debates the subject of cyber crime and online security
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Analysis
Litigation risk for data breaches
Dave Fisher says, given the recent frequency of data breaches, it’s only a matter of time before the public takes legal action
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Credit crunch turns attention away from sustainability
Nearly two thirds of business leaders see sustainability as a low priority
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MPs urge Britain to introduce mandatory carbon reporting
The Government's strategy ‘does not reflect the urgency or magnitude of the issue', says Aldersgate Group
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Industry debates renewal of block exemption
Buyers are worried that removing the BER could trigger an increase in premiums
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Employee health costs rise across Europe
51 % of companies report increased costs in 2007, average increase of 5 % per employee, says Mercer survey