AIG, APA and the Crashing of Institutions

The frequency and severity of institutional crashes lately keep ringing in our ears. What becomes of credibility and reliability when the actuarial body politic, responsible for making the rules, tracking the results, and revising accordingly, errors in judgment, planning, execution, and follow-up? First AIG, now APA.  A few weeks ago, we dripped a bit of ourContinue reading “AIG, APA and the Crashing of Institutions”