Insurers to Continue Practice of Rescissions
Everyone who files for independent health insurance is required to fill out an application that lists all pre-existing medical conditions. But what if you fail to mention the fact that you have acne?...
View ArticleCIT Following in the Footsteps of AIG
Though CIT Group, a New York-based commercial lender, provides loans to only small and medium-sized businesses, it is still a major player in the lending game, a major player with some major financial...
View ArticleThoughts on CEI’s Stance on Catastrophe Funding
In the most recent issue of Business Insurance, Competitive Enterprise Institute senior fellow Eli Lehrer offers his thoughts on why exactly a federal natural catastrophe backstop would be a very, very...
View ArticleGive AIG a Break
Okay, I said it: perhaps we’re being too harsh on AIG. Sure, the company has some serious problems, and its liquidity crisis of 2008 will remain one of the worst business disasters of all time. But...
View ArticleDid the Bailouts Create More Risk?
Some feel the government’s response to the financial crisis may hurt the U.S. economy in the long run. At least that’s what an independent watchdog at the Treasury Department warned. The problem is...
View ArticleSnow Insurance, Anyone?
Most people who know me know that I despise talking about the weather. I know it’s all part of the small-talking social game we all play but I have to think that we could find something better to talk...
View ArticleTreasury Secretary May Gain More Power
It looks as though the Treasury secretary may soon have a role overseeing individual financial companies. In a move to help monitor systemic risk throughout the financial arena, Senator Chris Dodd...
View ArticleHank 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 ArticleA Trump Presidency Poses Top Risk to Global Economy
According to the Economist Intelligence Unit, a Donald Trump presidency poses one of the greatest current global risks. Indeed, Trump ranks as the sixth overall potential risk to the global economy,...
View ArticleBlack Lives Matter: Taking Action on Diversity and Inclusion
As protesters across the United States call out systemic racism and police violence against Black people, and Pride Month honoring the LGBTQ+ community begins, diversity and inclusion issues are—and...
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