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Demotech
Demotech, Inc., is an American insurance rating agency headquartered in Columbus, Ohio, that focuses on independent, regional, and specialty companies in the property and casualty insurance (P&C) industry. It is independent from the companies that it rates. Differences An insurance rating agency issues financial-strength ratings measuring a company's ability to immediately pay claims presented. A credit rating agency issues financial-strength ratings measuring a company's ability to pay back debt by making timely principal and interest payments and the likelihood of default. Traditional companies such as AM Best, Moody's Investors Service, Standard and Poor’s, and Fitch Ratings do rate insurance providers, but typically only large national companies. Demotech was founded in 1985 to provide financial analysis of, and actuarial services for, niche markets ignored by Big Three (credit rating agencies). The principals were Joseph and Sharon Romano Petrelli. The U.S. Securities an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationally Recognized Statistical Rating Organization
A nationally recognized statistical rating organization (NRSRO) is a credit rating agency (CRA) approved by the U.S. Securities and Exchange Commission (SEC) to provide information that financial firms must rely on for certain regulatory purposes. History The use of the term NRSRO began in 1975 when the SEC promulgated rules regarding bank and broker-dealer net capital requirements (). Prior to 1975, the SEC did not adopt specific standards for determining which credit rating agencies were "nationally recognized", and instead addressed the question on a case-by-case basis. NRSRO recognition was granted by the SEC through a "No Action Letter" sent by the SEC staff. Under this approach, if a CRA (or investment bank or broker-dealer) were interested in using the ratings from a particular CRA for regulatory purposes, the SEC staff would research the market to determine whether ratings from that particular CRA were widely used and considered "reliable and credible." If the SEC staf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in Corporate law, law for certain purposes. Early incorporated entities were established by charter (i.e., by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through List of company registers, registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue share capital, stock, or whether they are formed to make a profit (accounting), profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this articl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Andrew
Hurricane Andrew was a compact, but very powerful and devastating tropical cyclone that struck the Bahamas, Florida, and Louisiana in August 1992. It was the most destructive hurricane to ever hit Florida in terms of structures damaged or destroyed, and remained the costliest in financial terms until Hurricane Irma surpassed it 2017 Atlantic hurricane season, 25 years later. Andrew was also the strongest landfalling hurricane in the United States in decades and the List of costliest Atlantic hurricanes, costliest hurricane to strike anywhere in the country, until it was surpassed by Hurricane Katrina, Katrina in 2005 Atlantic hurricane season, 2005. Andrew is one of only four tropical cyclones to make landfall in the continental United States as a Category 5, alongside the 1935 Labor Day hurricane, 1969 Atlantic hurricane season, 1969's Hurricane Camille, Camille, and 2018 Atlantic hurricane season, 2018's Hurricane Michael, Michael. While the storm also caused ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard Business School
Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which publishes business books, leadership articles, Case method, case studies, and ''Harvard Business Review'', a monthly academic business magazine. It is also home to the Baker Library/Bloomberg Center, the school's primary library. Harvard Business School is one of six List of Ivy League business schools, Ivy League business schools. History The school was established in 1908. Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946). Yogev (2001) explains the original concept: :This school of business and public administration was originally conceived as a school for diplomacy and government servi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia Business School
Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and one of the oldest business schools in the world. History The school was founded in 1916 with 11 full-time faculty members and an inaugural class of 61 students, including 8 women. Banking executive Emerson McMillin provided initial funding in 1916, while A. Barton Hepburn, then president of Chase National Bank, provided funding for the school's endowment in 1919. The school expanded rapidly, enrolling 420 students by 1920, and in 1924 added a PhD program to the existing BS and MS degree programs. In 1945, Columbia Business School authorized the awarding of the MBA degree. Shortly thereafter, in the 1950s, the school adopted the Hermes emblem as its symbol, reflecting the entrepreneurial nature of the Greek god Hermes and his association with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Florida State University College Of Business
The Florida State University College of Business is the business school of the Florida State University. Established in 1950, it enrolls more than 6,000 students including Undergraduate education, undergraduates and Graduate school, graduate students seeking their bachelor's, master's or doctoral degrees. All programs are Educational accreditation, accredited by the Association to Advance Collegiate Schools of Business. In addition to raising funds to benefit academics, students, and faculty, the college is actively fundraising for Legacy Hall, the new home for the College of Business. Legacy Hall will be located next to a completely renovated Donald L. Tucker Civic Center and be part of the Arena District. Legacy Hall is currently slated to open the Summer of 2025.FSU College of Business New Home (October 17, 2022/ref> Graduate programs Master's degree programs Master of Accounting (MAcc) This program fulfills the educational requirements that are needed to be a licensed Certi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic Hurricane
An Atlantic hurricane is a type of tropical cyclone that forms in the Atlantic Ocean primarily between June and November. The terms "hurricane", "typhoon", and "cyclone, tropical cyclone" can be used interchangeably to describe this weather phenomenon. These storms are continuously rotating around a low pressure center, which causes stormy weather across a large area, which is not limited to just the eye of the storm. They are organized systems of clouds and thunderstorms that originate over tropical or subtropical waters and have closed low-level circulation, and should not be confused with tornadoes, which are another type of cyclone. In the North Atlantic and the Eastern Pacific, the term hurricane is used, whereas ''typhoon'' is used in the Western Pacific near Asia. The more general term ''cyclone'' is used in the rest of the ocean basins, namely the South Pacific and Indian Ocean. Tropical cyclones can be categorized by intensity. ''Tropical storms'' have one-minute maxi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron DeSantis
Ronald Dion DeSantis (; born September 14, 1978) is an American politician, attorney, and former United States Navy, naval officer serving as the 46th List of governors of Florida, governor of Florida since 2019. A member of the Republican Party (United States), Republican Party, he served from 2013 to 2018 as the U.S. House of Representatives, U.S. representative from . DeSantis was a Ron DeSantis 2024 presidential campaign, candidate for the 2024 Republican Party presidential primaries, 2024 Republican presidential nomination, withdrawing his candidacy in January 2024. After graduating from Yale University and Harvard Law School, DeSantis joined the United States Navy, U.S. Navy in 2004 and was promoted to Lieutenant (navy), lieutenant before serving as a United States Navy Judge Advocate General's Corps, legal advisor to SEAL Team One. He was stationed at Joint Task Force Guantanamo in 2006 and was Iraq War troop surge of 2007, deployed to Iraq in 2007. When DeSantis return ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Underwriting
Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issues of security in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. History The term "underwriting" derives from the Lloyd's of London insurance market. Financial backers (or risk takers), who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose. Securities underwriting In the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catastrophe Modeling
Catastrophe modeling (also known as cat modeling) is the process of using computer-assisted calculations to estimate the losses that could be sustained due to a catastrophic event such as a hurricane or earthquake. Cat modeling is especially applicable to analyzing risks in the insurance industry and is at the confluence of actuarial science, engineering, meteorology, and seismology. Catastrophes/ Perils Natural catastrophes (sometimes referred to as "nat cat") that are modeled include: * Hurricane (main peril is wind damage; some models can also include storm surge and rainfall) * Earthquake (main peril is ground shaking; some models can also include tsunami, fire following earthquakes, liquefaction, landslide, and sprinkler leakage damage) * severe thunderstorm or severe convective storms (main sub-perils are tornado, straight-line winds and hail) * Flood * Extratropical cyclone (commonly referred to as European windstorm) * Wildfire * Winter storm Human catastrophes inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Policy Statement
An Investment policy statement (IPS) is a document, generally between an investor and the assisting investment manager, recording the agreements the two parties come to related to issues relating to how the investor's money is to be managed. In other cases, an IPS may also be created by an investment committee (e.g., those charged with making investment decisions for an endowment or pension plan) to help establish and record its own policies in order to assist in future decision-making or to help maintain consistency of its policies by future committee members or to clarify expectations for prospective money managers who may be hired by the committee. The presence of an IPS helps to clearly communicate to all relevant parties the procedures, investment philosophy, guidelines and constraints to be adhered to by the parties. It can be seen as a directive from the client to the investment manager about how the money is to be managed, but at the same time, the IPS should provide the gu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Job Description
A job description or JD is a written narrative that describes the general tasks, or other related duties, and responsibilities of a position. It may specify the functionary to whom the position reports, specifications such as the qualifications or skills needed by the person in the job, information about the equipment, tools and work aids used, working conditions, physical demands, and a salary range. Job descriptions are usually narrative, but some may comprise a simple list of competencies; for instance, strategic human resource planning methodologies may be used to develop a competency architecture for an organization, from which job descriptions are built as a shortlist of competencies. According to Torrington, a job description is usually developed by conducting a job analysis, which includes examining the tasks and sequences of tasks necessary to perform the job. The analysis considers the areas of knowledge, skills and abilities needed to perform the job. Job analysis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
