Risk-based capital: is your company ready?
Article Abstract:
Risk-based capital (RBC) standards are needed for the insurance industry and will emerge as an important issue in the 1990s. RBC standards are currently being developed by the National Association of Insurance Commissioners. Creation of RBC standards, which would relate the reported statutory surplus of a company to the risks involved in operations, will be very important to the property and casualty industry by providing improved capitalization standards.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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The industry at a turning point
Article Abstract:
The property and casualty insurance industry has had soft market conditions to deal with from 1988 through 1995. Strong competition, rate levels that are too low and pending financial disaster as a result of potential environmental liabilities are some of the major financial pressures affecting the industry. Mergers and restructuring will enable the abundance of companies to become a more reasonable amount.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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Perspective on good bank/bad bank structures
Article Abstract:
Insurance industry representatives, regulators and rating agencies are debating the merits of good bank/bad bank structures. Cigna Corp plans to separate its liabilities into an active pool and an inactive pool. A.M. Best Company Inc believes that the number of good bank/bad bank structures will be limited by costs and fiduciary responsibilities.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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- Abstracts: The GREITtm Plan: deferred compensation with income and estate tax savings. "Regulatory frenzy" - employee welfare benefit fund
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