Pieces of Shattered Titanic Submersible Brought Ashore in Canada
A Canadian-flagged ship on Wednesday brought ashore debris from the Titan submersible that imploded while on a voyage to the century-old wreck of the Titanic earlier this month, killing all five people on board.Video from the Canadian Broadcast Corporation showed what appeared to be the nose of the submersible and other shattered fragments wrapped in white tarp pulled up by a crane off the Horizon Arctic vessel at the St. John's harbor in Newfoundland on Wednesday morning.The debris is expected to shed more light on the cause of the catastrophic implosion that killed everyone on board - OceanGate Expeditions CEO Stockton Rush; British billionaire Hamish Hardingā¦
Moore Stephens Says Insurers Must Make Greater Use of Risk Analysis
consultancy to assess risk. foundations. Now is not a time for being wise after the event. insurance can de designed and sold on price alone. "The best insurance is a combination of commercial acuity, actuarial perception, technical awareness, intuition and luck. Many underwriters and brokers make use of financial and actuarial consultancy to assess risk. don't. Today, those services are more valuable than at any time in history and the good news is that software tools today facilitate the ability to analyze data in ways that were simply not feasible in the past. "Underwriting in ignorance of the true nature of risk and of potential and aggregate liabilities can no longer be considered a viable option.
Moore Stephens & Clyde & Co Set Up Insurance Intermediary Consultancy
Insurance accountant and consultant Moore Stephens has joined with international law firm Clyde & Co to provide specialist advice to intermediaries on all aspects of the authorization process and on continuing compliance with FSA requirements. The rigorous FSA regime comes into effect on January 15, 2005. Intermediaries have until July 14 this year to submit their completed registration packs to the FSA. The new rules are not voluntary. licensed by the FSA. John Harbor, head of the Moore Stephens Insurance Industry Group, says, "Most intermediaries will need to begin the registration process two-to-four months before the July 14 submission date in order to prepare the information needed to secure successful authorization.
Moore Stephens Says Insurance Industry Must Embrace Business Intelligence
Regulatory developments mean that failure to make proper use of business intelligence systems and actuarial consultancy to assess risk could lead not only to significant financial losses but also to disciplinary penalties for insurance underwriters and brokers, according to leading accountant and consultant Moore Stephens. designed to support the development of effective reserving and forecasting procedures. They are now an essential part of insurance industry practice. analytical and risk management services. Steve Downing says, "The insurance industry must embrace a centralized approach to risk management, one which has the ability to analyse data in a flexible way, to search for trends and patterns, to analyse productivity and to help business planning and forecasting.
