The more a company controls insurable losses, the higher deductibles it can afford. That lowers premiums, enabling more loss control in a virtuous cycle.
Hedging makes good risk-management sense — if properly overseen.
Examiners find U.S. banks reducing collateral requirements and loosening covenants on business loans. Particularly the highly leveraged kind.
The insurer's top internal auditor works with the CFO and the chair of the audit committee to prevent financial misstatements.
