This article from Corporate Board Member dives into the relationship of ESG and the current economic health of the nation. The article highlights both the criticism and favoritism of ESG in the face of recession. "An October 2022 survey of CEOs by KPMG found that 59 percent plan … [Read more...] about Navigating The Fight Over ESG – 6/1/2023
News
Living with Private-Equity Owned Life Insurance – 5/28/2023
"Some policyholders might be unaware that the well-known, conservative life insurer they purchased a policy from decades ago is now owned by a private equity firm, whose funds are illiquid and risky because of the debt financing used to buy companies." Robert … [Read more...] about Living with Private-Equity Owned Life Insurance – 5/28/2023
How Will Economic Pressures Affect P&C Industry? 5/22/2023
This article from the Insurance Journal highlights Robert Hartwig's recent presentation from NCCI Annual Insights Symposium in Orlando. The article summarizes the current state of workers comp and the P&C insurance industry amidst economic pressures. This piece also calls … [Read more...] about How Will Economic Pressures Affect P&C Industry? 5/22/2023
Fla. and La. must borrow millions to pay insurance claims – 5/2/2023
The Gulf Coast insurance crisis has hit a new low as two state-chartered insurance associations are being forced to borrow hundreds of millions of dollars for the first time in three decades to pay the hurricane claims of insolvent insurers. The Louisiana association had to … [Read more...] about Fla. and La. must borrow millions to pay insurance claims – 5/2/2023
Insurance Journal 04/17/2023- Gen Z Talks Insurance
This article posted by the Insurance Journal highlights five risk management students' experience and why those chose to study insurance. With the recent industry talent crisis the author emphasizes how the industry can better attract Generation Z peers.“It’s really, really … [Read more...] about Insurance Journal 04/17/2023- Gen Z Talks Insurance
WCNC-Charlotte: SVB Acquisition 4/12/2023
North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure investors at a time of shaken … [Read more...] about WCNC-Charlotte: SVB Acquisition 4/12/2023
Carolina Business Review- 4/7/2023
PBS published a video unpacking banking and financial services in North and South Carolina. The video features an executive panel on banking with James Sills, President and CEO, M&F Bank; Peter Gwaltney, President and CEO, NC Bankers Association; Fred L. Green, III, President … [Read more...] about Carolina Business Review- 4/7/2023
Co-Authored White Paper- “Hard Market Cycle Arrives”
Dr. Robert Hartwig co-authored a white paper in conjunction with the American Property Casualty Insurance Association (APCIA) on inflation, natural disasters and the strained property insurance markets. Read the entire paper below. … [Read more...] about Co-Authored White Paper- “Hard Market Cycle Arrives”
Leader’s Edge Magazine 3/12/22- Prickly Peril
Few insurance markets have experienced as much upheaval in the last few years as cyber. Longtime industry observers agree with this nightmarish possibility. “There’s no question the potential for truly catastrophic cyber losses will rival the largest natural disasters in history, … [Read more...] about Leader’s Edge Magazine 3/12/22- Prickly Peril
Marketplace 03/05/2023- Hurricane Risk Will Grow in the Coming Decades, Report Warns
It’s been five months since Hurricane Ian slammed into southwest Florida. More than 150 people died in the storm and its aftermath, and the National Oceanic and Atmospheric Administration estimates the damage from high winds, storm surge and flooding at nearly $113 billion … [Read more...] about Marketplace 03/05/2023- Hurricane Risk Will Grow in the Coming Decades, Report Warns