TITLE

Global News - RIMS on Obama's 2012 Budget Proposal

PUB. DATE
March 2011
SOURCE
Asia Insurance Review;Mar2011, p51
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Risk Management Society (RIMS) is criticizing a proposal in the U.S. budget blueprint for 2012, which constrain the insurance market for commercial insurance policyholders leading to increase in costs for business during tough economic times. John Phelps from RIMS, says that despite opposition by policy makers, the U.S. president Barack Obama's Administration is trying to cap the deductibility of reinsurance premiums paid by domestic companies to foreign affiliates.
ACCESSION #
67503540

 

Related Articles

  • Client Benefits From Insurance Review. SCHUTZ, JOHN // On Wall Street;Sep2009, Vol. 19 Issue 9, p42 

    The article presents a case study of a widow with two insurance policies that were acquired 20 years earlier to illustrate the advantages of conducting an insurance review. Her insurance policies had a total death benefit of 2 million U.S. dollars and 940,000 U.S. dollars in cash values, but...

  • The Front Cover. Tobin, Andrew J. // Best's Review;Feb2014, Vol. 114 Issue 10, p55 

    The article focuses on the "fronted" facultative reinsurance arrangement used by insurers in London, England to access risks in gross written premiums in the London insurance market. It describes the process of using the arrangement, highlighting the complexity and risk it adds to a transaction....

  • Federal Surplus Lines Reform and Those Devilish Details. Mang, Douglas A.; Santurri, Richard J. // Florida Underwriter;2010, Vol. 26 Issue 10, pS.12 

    The article examines the key components of the Nonadmitted and Reinsurance Reform Act (NRRA) in the U.S. It states that the NRRA has been intended to address the problems faced by surplus lines insurers and brokers in different states regarding the allocation of premium taxes on multi-state...

  • Insuring Against a Derivative Disaster: The Case for Decentralized Risk Management. Manns, Jeffrey // Iowa Law Review;May2013, Vol. 98 Issue 5, p1575 

    This Article makes the case for a decentralized risk-management strategy for identifying and defusing future bubble markets. It suggests how the government can enlist private "gatekeeper guarantors" to provide integrated insurance and monitoring roles to complement the government's management of...

  • Follow Directions. Mintzer, Richard // American Agent & Broker;Feb2009, Vol. 81 Issue 2, p40 

    The article focuses on the significance of lawsuit avoidance in requirement determination and documentation insurance among insurance producers in the U.S. It suggests that the producers should aim to develop necessary information to properly place the risk and start a long-term relationship...

  • The Ins and Outs of Reinsurance Commutations. Roe, Alasdair // Best's Review;Nov2012, Vol. 113 Issue 7, p67 

    The article focuses on several reasons for entering a reinsurance commutation. It mentions that departure of an insurer from a class of business reinsured can lead to transactional difficulties. It states that entering into a reinsurance commutation takes advantage on the discount or reinsurance...

  • Controlling insurance costs. Gilles, Kimberley // Welding Design & Fabrication;Sep2006, Vol. 79 Issue 9, p26 

    The article focuses on the efforts taken by fabricators to control their insurance costs through risk management and finding an insurance broker who will advise them on their insurance needs. It is said that the insurance premiums that fabricators pay for are based on the level of risk or...

  • PROPITIOUS SELECTION. Hemenway, David // Quarterly Journal of Economics;Nov90, Vol. 105 Issue 4, p1063 

    This article presents information on propitious selection in insurance markets. Various forces exist for both favorable and unfavorable selection in insurance markets. An important generic factor for unfavorable selection has a specific name, adverse selection or anti-selection. This cause of...

  • The Next Generation of Workers Compensation Risk Management. GRIFFITH, GRIFF // Resources Magazine;Summer2012, p22 

    The article offers information on the developments in the workers compensation risk management in the U.S. in 2012. It states that several states across the U.S. are experiencing an increase in insurance premiums for workers compensation coverage, particularly in California after the Insurance...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics