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Risk Management Links of the Day … Featuring Android Phishing
A “phisher” looking to gain access to people’s banking details managed to upload a malicious app to the app store for Google’s Android smart phone (which is Google’s answer to the iPhone). And while...
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Bailed Out Execs Now Have a Salary Cap
Now that we all have universal health care (wait? It doesn’t really kick in for four more years? Oh), the White House has given us another piece of progress from the “probably should have happened a...
View ArticleLunch with William R. Berkley
I was fortunate enough to attend the W. R. Berkley Corporation’s annual luncheon yesterday at the Red Eye Grill here in Midtown Manhattan. Bill Berkley, chairman and CEO of W.R. Berkley Corp., is known...
View ArticleAIG: A Timeline to the End of the SEC Probe
It had to happen sometime. This morning it was announced that U.S. regulators have closed an investigation of AIG and some of its executives over the insurance giant’s near collapse that led to a $182...
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AIG Branches Out Big Time in China
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank in terms of market capitalization, has teamed up with AIA Ltd, AIG’s Asian life insurance unit, to have ICBC sell AIA...
View ArticleInitial Estimates of Claims from Japan Quake
Though it is far too early to pin down an exact number for the amount of money the Japan quake will cost insurers, initial estimates have started to surface for some of the hardest hit insurers and...
View ArticleThe Top 25 Property/Casualty Insurance Writers
No, neither Johnathan Franzen nor myself made the list. We’re talking about the companies that wrote the most business in 2010. Here’s the full list of the top 25 U.S. carriers in terms of net premiums...
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Managing Strategic Risk: It All Starts With a Plan
There are many ways a company’s long-term strategy can fail. The problem may be execution. Or perhaps continually shifting the plan aka moving the goal posts (*cough* … Hewlett-Packard). Another...
View ArticleHank Greenberg on Executives, Culture and What to Do With Negative Personnel...
In the video above, Maurice “Hank” Greenberg — the 87-year-old architect of AIG and current chairman and CEO of C.V. Starr & Co. — speaks his mind in an interview with Carrier Management He talks...
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RIMS and AIG Announce 2013 Risk Management Hall of Fame Inductees
Robert Nighan (second from left) accepted the honor for Hall of Fame inductee David Sterling while the late Robert Spencer’s honor was accepted by his wife Charlotte (third from right) and daughter...
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RIMS Inducts Three Industry Legends into Risk Management Hall of Fame
NEW ORLEANS—Today, Gary E. Bird, James D. Hinton and Reginald A. Pitchford were recognized as the 2015 inductees to the Risk Management Hall of Fame (RMHF), a joint venture between AIG and RIMS that...
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Hank Greenberg Shares Concerns for Insurance Industry at RIMS Canada Conference
QUEBEC CITY, CANADA—Currently on the mend from Legionnaires’ disease, Maurice “Hank” Greenberg appeared via live video stream to deliver the keynote address to the 2015 RIMS Canada Conference. The...
View ArticleGreenberg, New York State Settle Long-Running Civil Case
One of Wall Street’s longest-running dramas closed Feb. 10 as New York State and Maurice “Hank” Greenberg finally ended a legal clash which began in 2005 under the stewardship of then Attorney General...
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More Insurers Opting to Form EU Subsidiaries
A growing list of insurers are choosing to form subsidiaries in the European Union to ensure continuous coverage for their European clients following the United Kingdom’s withdrawal from the EU in June...
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