For insurance IROs, reserve adequacy is elephant in the room
LOOMING behind the various predictions of a turn in commercial lines pricing at some point in 2011 or 2012 is an “elephant” many companies find hard to discuss – reserve adequacy.
Business panel urges shift to annual guidance
A US Chamber of Commerce-sponsored panel wants companies to stop providing precise quarterly EPS guidance and move to annual ranges while communicating longer-term business strategies. In their 179-page report, the Commission on the Regulation of U.S. Capital Markets in the 21st Century says single-figure quarterly EPS guidance creates so much pressure on executives to hit [...]