The AIG Story by Lawrence A. Cunningham, Maurice R. Greenberg

By Lawrence A. Cunningham, Maurice R. Greenberg

Selected as one among Motley Fool’s "5 nice Books you might want to Read"

In The AIG Story, the company's long term CEO Hank Greenberg (1967 to 2005) and GW professor and company governance professional Lawrence Cunningham chronicle the origins of the corporate and its relentless pioneering of open markets all over the global. They regale readers with riveting vignettes of the way AIG grew from a modest staff of coverage businesses in 1970 to the biggest coverage corporation in global background. they assist us comprehend AIG's unique entrepreneurial tradition and the way its impressive staff all over the world helped pave the line to globalization.

• Corrects quite a few universal misconceptions approximately AIG that arose because of its position on the middle of the monetary quandary of 2008.
• a special account of AIG by way of one of many iconic enterprise leaders of the 20th century who built shut relationships with some of the most vital global leaders of the interval and helped to open markets everywhere
• bargains new serious standpoint on battles with N. Y. lawyer basic Eliot Spitzer and the 2008 U.S. executive seizure of AIG amid the monetary crisis
• stocks significant details no longer formerly made public

The AIG tale captures a magnificent saga in company history--one of innovation, imaginative and prescient and management at a firm that was once nearly--destroyed with a couple of strokes of governmental pens. The AIG tale consists of very important classes and implications for the united states, particularly its function in foreign affairs, its method of enterprise, its criminal method and its dealing with of monetary crises.

Show description

Continue reading »

Market-Consistent Actuarial Valuation by Mario V. Wüthrich

By Mario V. Wüthrich

It is a demanding activity to learn the stability sheet of an assurance corporation. This derives from the truth that diverse positions are usually measured by way of diversified yardsticks. resources, for instance, are in general worth industry costs while liabilities are frequently measured through validated actuarial equipment. even if, there's a common contract that the stability sheet of an coverage corporation could be measured in a constant means. Market-Consistent Actuarial Valuation offers strong ways to degree liabilities and resources in a constant manner. The mathematical framework that ends up in market-consistent values for assurance liabilities is defined intimately by means of the authors. subject matters lined are stochastic discounting with deflators, valuation portfolio in existence and non-life assurance, chance distortions, asset and legal responsibility administration, monetary dangers, assurance technical dangers, and solvency.

Show description

Continue reading »

Unmanageable Care: An Ethnography of Health Care by Jessica M. Mulligan

By Jessica M. Mulligan

In Unmanageable Care, anthropologist Jessica M. Mulligan is going to paintings at an HMO and documents what it’s quite prefer to deal with care. Set at a medical insurance corporation dubbed Acme, this booklet chronicles how the privatization of the well-being care method in Puerto Rico reworked the adventure of having access to and supplying care at the island. via interviews and player statement, the e-book explores the typical contexts during which industry reforms have been enacted. It follows privatization into the compliance division of a controlled care association, during the visits of federal auditors to a health and wellbeing plan, and into the houses of future health plan participants who recount their reviews navigating the hot controlled care system.
 
In the Nineties and early 2000s, policymakers in Puerto Rico bought off many of the island’s public health and wellbeing amenities and enrolled the bad, aged and disabled into for-profit controlled care plans. those reforms have been alleged to advertise potency, cost-effectiveness, and prime quality care. regardless of the confident delivers of market-based reforms, the approach grew to become dearer, no more effective; sufferers infrequently behaved because the anticipated health-maximizing details processing shoppers; and care grew to become extra chaotic and tough to entry. electorate persevered to appear to the nation to supply well-being providers for the terrible, disabled, and aged. This publication argues that pro-market reforms didn't carry on a lot of their promises.The wellbeing and fitness care process in Puerto Rico was once dramatically reworked, simply no longer in line with plan.

Show description

Continue reading »