On June 23, 2016, the United Kingdom held a referendum on membership in the European Union (EU), which the country had joined in 1973. As a surprise to many, the referendum resulted in a majority favoring an exit. The Brexit vote prompted a change in political leadership in the following month, with Theresa May being appointed Prime Minister. On March 29, 2017, the United … [Read more...] about Brexit Implications for the Runoff Business: A Macroeconomic Perspective
Runoff
Why Are We Here?
Perhaps Don Regan, the one-time Chief of Staff to President Reagan, best described what we do: “Some of us are like a shovel brigade that follow a parade down Main Street cleaning up.” Not that run-off is less than an honorable profession. We aren’t the glamour kids, though. We are the ghosts of mistakes past, of the failures that had many fathers when they were shiny new … [Read more...] about Why Are We Here?
Commutations – A Historical Perspective
When the opportunity arose to put together an article for AIRROC Matters on the historical perspective of commutations, I agreed as long as: (a) it could be a bit irreverent to the sacred beliefs of our industry, and (b) I could seek collaboration. As you will see, they agreed to both points. I decided to go back to 1986 when I was hired at Continental Insurance as the … [Read more...] about Commutations – A Historical Perspective
