Month: July 2019

Insurer Innovation Comes Under the Rating Agency Microscope

By Russ Banham Insurance Journal Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ Banham spoke with ratings agencies, thought leaders and an industry exec to discuss the varied responses… Read more »

Silent No More

Cyber claims made under traditional P&C policies that may be silent on the subject are forcing hidden cyber exposure into the spotlight. BY RUSS BANHAM Leader’s Edge In the aftermath of major cyber attacks like NotPetya, policyholders have filed claims under property and liability insurance policies that remained silent on whether coverage included cyber attacks. These… Read more »

Boards Should Ask Executives These Ethics Questions

By Russ Banham Corporate Board Member Board members have a fiduciary responsibility to be loyal to the corporation and its shareholders in utmost good faith and with scrupulous honesty. These duties insist that members supervise the same measures of integrity throughout the organization. “Serious issues like paying a bribe or engaging in any form of… Read more »

Ethics In An Unethical World

By Russ Banham Corporate Board Member Fred Davidson was stifling in the unbearable heat of a midsummer’s day in 2002. Temperatures in the corrugated steel warehouse hovered around 100 degrees. Weeks earlier, Energold Drilling, a global drilling solutions company that operates 270 rigs in 24 countries across the Americas, Africa and Asia, had imported several… Read more »