Insurers are too willing to accept failure: Greenberg

Former AIG chairman and CEO Maurice "Hank" Greenberg
has issued a stern message to the upper echelons of the insurance
industry, insisting that senior management are too quick to accept
failure from their underwriters.
Speaking today at The Insurance
Insider's InsiderScope New York
conference, the industry veteran, known for his fierce focus on
underwriting profitability, said: "Boards of directors of
insurance companies are too lenient and too willing to accept
failure from their management.
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