Abstract
Market observers have never been as skeptical on financial service firms’ capital standing as they are today. As The Hartford released its third quarter earnings on Oct. 30, 2008, its stock price fell almost 50 percent when it reported a $2.6 billion quarterly loss. Many believe this was driven by its failure to convince the market that it was sufficiently capitalized to survive the financial crisis.
Page
89-92
Year
2008
Keywords
Enterprise Risk Management
Categories
Actuarial Applications and Methodologies
Enterprise Risk Management
Publications
Risk Management: The Current Financial Crisis, Lessons Learned and Future Implications
